Seabridge Gold Shifts KSM Exploration To New Targets 

TORONTO, ON - Seabridge Gold reported that it is mobilizing crews to the KSM site to: i) evaluate potential for additional gold-copper porphyry systems below the Sulphurets Thrust Fault (STF); ii) follow up high-grade epithermal gold intercepts in the area of the Sulphurets Deposit; and iii) an ongoing update of the Sulphurets resource estimate where recent drilling likely expanded the deposit. 

Exploration Target #1: New Porphyry Deposits - Over the past decade, Seabridge has delineated reserves and resources at four deposits that are exposed on the erosional margin of the STF. Continuous exploration at KSM since 2005 has recognized the potential for undiscovered porphyry deposits west of the exposed deposits and at depth below the STF system. Several potential blind targets have been identified but did not merit attention while the corporate focus was on delineating resources and reserves to the point where the information was sufficient to prepare for final feasibility determination. High-definition magnetic surveys and historical drilling have identified porphyry style targets separate from but in the vicinity of the Mitchell and Iron Cap deposits. 

The key to this season’s program is to use deep penetrating geophysical techniques west of the deposits and under the STF to refine potential drill targets. Geophysical tools will focus on improving resolution on deep targets and generating discrete zones for testing in the future. These targets could be relatively deep, however significant underground development planned for KSM could improve the economic potential of these targets. Although success at these targets would likely only result in them being developed well into the project’s mine life, early identification could avoid conflict with proposed surface infrastructure.

Exploration Target #2: High Grade Epithermal Deposits - Drilling on the margins of the Sulphurets deposit identified zones that are not part of the existing deposit and are characteristic of intermediate sulfidation epithermal occurrences. These zones are in holes: S-18-81, which included an intercept of 2 meters grading 1,580g/t gold (nearly 51 ounces per tonne) and 209g/t silver from 69.0m to 71.0m; and two in S-18-82, which intersected 12.2 meters of 5.83g/t gold and 7.2g/t silver from 21.0m to 33.2m, and 3.95 meters of 18.5g/t gold and 30.6 g/t silver from 112.0m to 115.95m. These unexplained occurrences were not followed up at the time of their discovery due to other priorities.

Sulphurets Resource Update: Additional Holes Incorporated - The Sulphurets resource was last updated in 2012. Since then, ten holes have been completed into the deposit totaling 7,256 meters.  These holes recorded an expansion of the deposit to the north and west on the order of 300 meters, as well as at depth.  Additions to the resource estimate are expected.

 Chairman and CEO Rudi Fronk said, “Our first priority at KSM has been to ensure that the project is ready for final feasibility efforts when a partner is secured. Now that this objective has been accomplished, we are intent on improving our understanding of the entire project and its district scale potential by addressing the many opportunities that remain, using the extraordinary bank of knowledge we have accumulated over the past decade

The company’s address is 106 Front Street East, Suite 400, Toronto, ON M5A 1E1, (416) 367.9292, www.seabridgegold.net.