Seabridge Gold’s KSM Drill Programme on Target

14 September 2009 (Last Updated September 14th, 2009 18:30)

Seabridge Gold's drilling programme at the Kerr-Sulphurets-Mitchell (KSM) in the Canadian province of British Columbia is nearing completion and is on target to provide geotechnical information of the area, the company said. The 14,000m drill programme aims to upgrade the inferred miner

Seabridge Gold's drilling programme at the Kerr-Sulphurets-Mitchell (KSM) in the Canadian province of British Columbia is nearing completion and is on target to provide geotechnical information of the area, the company said.

The 14,000m drill programme aims to upgrade the inferred mineral resources and generate geotechnical information for the waste dumps and pit slopes.

In addition, work has been carried out on installing monitoring wells for environmental base-line work.

The 30-year mine plan contained in the preliminary assessment captured 1.29 billion tons of mineralised material, of which 277 million tons were categorised as inferred mineral resources.

To enhance these in-pit inferred resources, 12 extra holes amounting to 4,000m were drilled at Mitchell, seven holes totalling 3,100m at Sulphurets and four holes totalling 900m at Kerr.

Conversion of in-pit inferred resources will allow the firm to report a mine reserve in its preliminary feasibility study slated for completion in March 2010, Seabridge said.

Approximately 4,200m are currently being drilled to finalise pit slopes for the Mitchell zone and foundation evaluation for the proposed crushing facilities, waste dumps and other project infrastructure.

In addition, 1,800m related to the installation required for the ongoing environmental base line studies.