NEW: No-Cost Streetwise Reports Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More

Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: SEA; SA

Resource Explorer Starts Drilling Gold-Copper Iskut Porphyry Target in BC
News Update

Source:

Seabridge Gold is testing for a gold-copper porphyry mineral system similar to its KSM project.

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it commenced drilling at its Iskut project in British Columbia.

"Seabridge acquired the large land package at Iskut because we saw clear evidence of a porphyry system with many of the characteristics of our giant KSM project in rocks of the same age. We are excited that we now have the opportunity to test these ideas," Seabridge Chairman and CEO Rudi Fronk said in the release.

The Toronto-based company intends to drill up to 8,000 meters (8,000m) of core to evaluate about 750m of strike and 800m-plus of vertical projection that the geophysical data showed.

Seabridge stated that it has spent three years preparing this target through geophysical work, surface mapping, sampling and preliminary drilling.

With this program now underway, "drill holes are designed to cut across the induced polarization anomaly and a distinct magnetic feature which encloses the diatreme encountered in previous drilling," the release noted. "Holes are planned to penetrate the geophysical anomalies at various elevations along the strike of the features, targeting the likely cradle of the porphyry system."

The firm noted "rigorous procedures are being followed in this year's program to minimize the risks associated with Covid-19."

[NLINSERT]

Disclosure:
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.




Learn More about Streetwise Reports Live

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

A valid email address is required to subscribe