Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it is finalizing targets for its maiden drill program at its Snowstorm project in Northern Nevada, scheduled to commence before the end of Q3/19.
Located 6 kilometers (6 km) and 15 km southwest of Snowstorm, respectively, are the high-grade Twin Creeks and Turquoise Ridge deposits. For an idea of their size, the remaining reserves at Twin Creeks total 3,200,000 ounces (3.2 Moz) of 1.9 grams per ton (1.9 g/t) gold and at Turquoise Ridge, 9.1 Moz of 13 g/t gold.
Initial drilling at Snowstorm, which will likely cover about 7,000 meters, will be done in what appears to be a continuation of the Getchell Trend, looking for signs of a high-grade gold system similar to Turquoise Ridge and Twin Creeks. The company noted that its extensive work to date, which included compiling historical information and collecting new data, confirms the potential for a multimillion ounce, Getchell-style deposit at Snowstorm.
"Although this type of deposit has abundant gold, the occurrences are discreet and limited in size, making them challenging to drill," Chairman and CEO Rudi Fronk said in the release. "However, all the data suggest we are in the right neighborhood to make a discovery, and the world-class nature of the target really excites us."
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