Goldstorm, which consists of 134 mining claims and 1,160 leased acres (about 3,900 acres in all), is in the Northern Nevada Rift (NNR) and about 3 kilometers (3 km) to the east of Seabridge's Snowstorm asset. The NNR is a geologic system that trends at 340 degrees for more than 500 km. It primarily features low-sulfidation, high-grade epithermal deposits typically holding around 1,000,000–5,000,000 ounces of gold.
Minimal exploration has been done at Goldstorm to date.
"Snowstorm is a very valuable exploration asset for us and it will be a primary focus for our exploration team this year, including our first drill program on the project expected to begin later this summer. In preparation, we have staked additional claims where available. The Goldstorm purchase fits our strategy of expanding our footprint in these highly prospective gold trends where we intend to be a significant player," Seabridge Chairman and CEO Rudi Fronk said in the release.
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