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TICKERS: SEA; SA

Explorer Mobilizes to Start Drilling in Nevada This Month
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With the drill bit, Seabridge Gold intends to follow up on confirmed host stratigraphy and test new structures at its Snowstorm property.

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) is preparing to commence a follow-up drill program at its Snowstorm gold project in northern Nevada later in August 2020, it announced in a news release.

The Toronto-based explorer plans to begin with a four-hole program over about 5,700 meters, which will drill test several "newly defined structural features in the favorable Ordovician carbonate stratigraphy," the release noted.

"In 2017, we acquired Snowstorm because we thought it was an excellent opportunity for the discovery of a Getchell-style high grade gold deposit. These occurrences are challenging to find because the targets are hidden under younger volcanic cover. Last year we confirmed that Snowstorm has the right stratigraphy and a continuation of the Getchell structural setting," Chairman and CEO Rudi Fronk said in the release. "This year we will follow the permissive stratigraphy into areas where it is intersected by structures which we think may have transported gold-bearing solutions."

Specifically, the company will drill two of the four holes into the intersection of the shallow dipping fault and multiple northeast-trending fault zones. With a third hole, it will evaluate the structural intersection that is next to a Cretaceous intrusion. With the fourth hole, Seabridge will test low resistivity anomalies on the hanging wall of the shallow dipping fault plane in the areas of the northeast- and northwest-trending faults.

"These holes are designed to deliver definitive data on whether these structures provided pathways for gold-bearing fluids," the company stated.

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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.
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