Affirmation of the change is anticipated within the second quarter subsequent yr when the brand new KSM prefeasibility research is launched. The corporate launched an up to date preliminary financial evaluation (PEA) for KSM in April 2020.
Drilling at Snowfield has confirmed the geological mannequin and block grades, in addition to carefully matching beforehand reported grades. The latest drill program totalled 9,450 metres, most of which was drilled to hint the margins of the Snowfield deposit and the route of the deliberate Mitchell Treaty tunnels (MTT) between the mine and mill.
To substantiate mannequin grade and acquire metallurgical samples, Seabridge drilled 3,484 metres at Snowfield and Mitchell targets. The outcomes point out that with the inclusion of the Snowfield zone, open pit mining might be prolonged longer than by mining solely the Mitchell deposit.
The KSM and Snowfield properties are about 65 km northwest of Stewart, BC.
The KSM undertaking has measured and indicated sources totaling 3 billion tonnes at a grade of 0.52 g/t gold (50.4 million oz. gold), 0.21% copper (14.2 billion lb. copper), 2.8 g/t silver (269.7 million oz. silver), and 48 ppm molybdenum (324 million lb. moly). The inferred useful resource is 4.6 billion tonnes grading 0.37 g/t gold, 0.32% copper, 2.2 g/t silver, and 29 ppm molybdenum.
The newest useful resource estimate for Snowfield was launched in December 2009. It contained 861.7 million measured and indicated tonnes grading 0.71 g/t gold (20 million oz. gold), 1.8 g/t silver (50.9 million oz. silver), 0.12% copper and 92 ppm molybdenum. The inferred useful resource was 948.7 million tonnes at 0.33 g/t gold (10 million oz. gold), 1.4 g/t silver (43.7 million oz. silver), 0.07% copper, and 81 ppm molybdenum.
The primary Snowfield drill gap for which Seabridge has obtained assays returned 430.9 metres grading 1.08 g/t gold, 0.19% copper and a pair of.2 g/t silver, together with 85.5 metres of 1.27 g/t gold, 0.22% copper and a pair of.3 g/t silver.
(This text first appeared within the Canadian Mining Journal)