Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Explorer Prepares for Initial Drill Program This Year at Nevada Asset
News Update

Share on Stocktwits


Company is in the final stages of determining drill targets.

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it is finalizing targets for its maiden drill program at its Snowstorm project in Northern Nevada, scheduled to commence before the end of Q3/19.

Located 6 kilometers (6 km) and 15 km southwest of Snowstorm, respectively, are the high-grade Twin Creeks and Turquoise Ridge deposits. For an idea of their size, the remaining reserves at Twin Creeks total 3,200,000 ounces (3.2 Moz) of 1.9 grams per ton (1.9 g/t) gold and at Turquoise Ridge, 9.1 Moz of 13 g/t gold.

Initial drilling at Snowstorm, which will likely cover about 7,000 meters, will be done in what appears to be a continuation of the Getchell Trend, looking for signs of a high-grade gold system similar to Turquoise Ridge and Twin Creeks. The company noted that its extensive work to date, which included compiling historical information and collecting new data, confirms the potential for a multimillion ounce, Getchell-style deposit at Snowstorm.

"Although this type of deposit has abundant gold, the occurrences are discreet and limited in size, making them challenging to drill," Chairman and CEO Rudi Fronk said in the release. "However, all the data suggest we are in the right neighborhood to make a discovery, and the world-class nature of the target really excites us."


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Seabridge Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe