Seabridge Gold Announces Results from Metallurgical Test Program at Snip North
Press Release
Toronto, Ontario–(- March 2, 2026) – Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (“Seabridge”) today announced robust results from its inaugural metallurgical test program on drill core samples from the Snip North Deposit, one of the targets on the 100% owned Iskut Gold-Copper Project in BC’s Golden Triangle. The program confirms that Snip North mineralization responds very well to conventional flotation and excellent recoveries can be expected.
Highlights
A total of 10 drill-core interval samples and four composite samples from the Snip North deposit taken from the 2025 exploration program have been tested at ALS Metallurgy in Kamloops, BC, representing the first systematic metallurgical assessment of the Snip North deposit. The test procedures followed the flotation flow sheet established for Seabridge’s KSM Project. Snip North metallurgy is similar to the Mitchell deposit.
Locked cycle tests (LCTs) at a primary grind size of 80% passing approximately 130 µm summarized in Table 1 show copper-gold-molybdenum concentrates with grades ranging from 20% to 28% Copper and 83 g/t to 525 g/t gold from samples with head grades ranging from 0.04% to 0.26% Copper and 0.4 g/t to 1.21 g/t gold. Gold and copper recovery to the bulk flotation concentrate was excellent.
Table 1: Snip North – Summary of Locked Cycle Flotation Test (LCT) Results on 2025 exploration samples
| Sample ID | Head Grade | Final Bulk Flotation Concentrate Grade |
Recovery to Flotation Concentrate |
|||||||||
| Cu | Au | Ag | Mo | Cu | Au | Ag | Mo | Cu | Au | Ag | Mo | |
| % | g/t | g/t | % | % | g/t | g/t | % | % | % | % | % | |
| SNN-Comp A | 0.26 | 0.82 | 2.95 | 0.01 | 28.3 | 83 | 189 | 0.85 | 89.4 | 81.1 | 51.6 | 69.6 |
| SNN-Comp B | 0.15 | 0.80 | 2.51 | 0.003 | 26.2 | 125 | 220 | 0.37 | 86.9 | 75.9 | 42.2 | 65.0 |
| SNN-Comp C | 0.19 | 0.40 | 2.51 | 0.014 | 24.4 | 39 | 150 | 1.84 | 87.0 | 65.2 | 39.5 | 84.7 |
| SNN-Comp D | 0.04 | 1.21 | 1.04 | 0.001 | 22.8 | 525 | 350 | 0.18 | 73.3 | 58.0 | 45.0 | 23.5 |
| SNN-VAR 07 | 0.10 | 0.87 | 0.48 | 0.068 | 19.7 | 127 | 81 | 10.7 | 72.7 | 55.0 | 63.5 | 58.6 |
Molybdenum recovery indicates that a separate molybdenum concentrate can also be produced. Copper and gold grades in the LCT concentrates are expected to increase further after molybdenum concentrate separation.
Cyanide leaching completed on the first three pyritic concentrates from LCTs had excellent recoveries as shown in Table 2 with overall gold recoveries increasing to between 85.3% and 92.7%.
Table 2: Leach Test Results with impacts to Overall Recoveries
| Sample ID | Head Grade | Recovery to Flotation Concentrate |
Additional Leach Recovery |
Overall Recoveries | ||||||||||
| Cu | Au | Ag | Mo | Cu | Au | Ag | Mo | Au | Ag | Cu | Au | Ag | Mo | |
| % | g/t | g/t | % | % | % | % | % | % | % | % | % | % | % | |
| SNN-Comp A | 0.26 | 0.82 | 2.95 | 0.01 | 89.4 | 81.1 | 51.6 | 69.6 | 11.6 | 37.3 | 89.4 | 92.7 | 88.9 | 69.6 |
| SNN-Comp B | 0.15 | 0.80 | 2.51 | 0.003 | 86.9 | 75.9 | 42.2 | 65.0 | 12.9 | 34.4 | 86.9 | 88.8 | 76.6 | 65.0 |
| SNN-Comp C | 0.19 | 0.40 | 2.51 | 0.014 | 87.0 | 65.2 | 39.5 | 84.7 | 20.1 | 30.9 | 87.0 | 85.3 | 70.4 | 84.7 |
Initial bond work index tests results ranged from 9.9 to 11.9 kW-hr/tonne indicating that mineralization is generally soft and will be suitable for conventional SAB or SABC grinding circuits.
These results confirm a robust metallurgical response to flotation and will support the development of a maiden resource statement for Snip North.
Commenting on the study, Seabridge Chair and CEO Rudi Fronk said: “These robust metallurgical results from the Snip North maiden test program provide a strong foundation to support the upcoming maiden resource estimate.”
Qualified Persons
Tracey Meintjes, P.Eng., a Qualified Person for the purposes of NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of Seabridge Gold.
About Seabridge Gold
Seabridge holds a 100% interest in several North American gold projects. Seabridge’s principal asset, the KSM project, and its Iskut projects are located in Northwest British Columbia, Canada’s “Golden Triangle”, the Courageous Lake project is in Canada’s Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory. For a full breakdown of Seabridge’s Mineral Reserves and Mineral Resources by category please visit Seabridge’s website at http://www.seabridgegold.com.
Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.com
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