On Friday, Oct. 11, Seabridge Gold shared the results from the first phase of this year's exploration drilling on their Iskut project in northwestern B.C.'s golden triangle.
They found enough gold and copper to suggest the likelihood of a nearby copper porphyry system. Due to their enormous size, decades-long mine line lives, and high production rates, porphyry deposits are viewed in the industry as one of the world's most valuable deposit types.
"We鈥檙e excited by the apparent size of the event we are exploring and the substantial metal content that we have found to date," said Rudy Fronk, Seabridge CEO. "Our team believes we are now in the process of unlocking the porphyry potential we had in mind when we acquired the Iskut project. We think this is a discovery in the making."
Acquired in June 2016 by Seabridge Gold from SnipGold, drilling on the project began on May 30 of this year.
The 100 per cent owned project covers 22,238 hectares, consisting of 12 Crown Land grants, 20 B.C. Legacy Mineral claims and 53 BC Mineral Cell claims.
This project is in its infancy compared to Seabridge's flagship KSM project which this year achieved "substantially started" status extending its environmental certificate and meaning it is well on its way to being a mine.
