Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it confirmed, through its maiden drill program at Snowstorm in Nevada in 2019, that the structures and stratigraphy there are similar to those at the two nearby gold mines in the Getchell Trend: Turquoise Ridge and Twin Creeks.
The exploration company noted it will use the geochemical, geophysical and geological data it collected in 2019 to define targets to drill this year and build a preliminary fold pattern of the Snowstorm property.
"We acquired Snowstorm in 2017 because we think it has an excellent chance to host a Getchell-style deposit. Nothing we have learned to date has downgraded this opportunity," Chairman and CEO Rudi Fronk said in the release.
"We have identified the favorable stratigraphic host for a Getchell style deposit as well as similar structures which fed the deposits to the south. These occurrences are challenging to find because they are not very large and they are hidden under younger volcanic cover. However, all the data suggests to us that we're in the right neighborhood. We think a detailed interpretation of last year's data now in progress will help us vector towards a discovery," Fronk stated.
Seabridge intends to have further magnetotelluric surveys done to help delineate the identified targets.
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