Seabridge Gold Begins Drilling Snip North Discovery
Press Release
June 3, 2025
Aims to develop maiden Cu-Au resource and test porphyry targets
Toronto, Ontario–(- June 3, 2025) – Seabridge Gold (TSX: SEA) (NYSE: SA) reports today that the 2025 drill program at our Iskut Project has commenced and focuses on delineating the copper-gold porphyry mineralization discovered in our 2024 program. The Iskut Project is in the Golden Triangle of northwest B.C. about 30 kilometers by air from our KSM gold-copper district.
This season’s program will again employ three helicopter-portable drill rigs and aims to complete at least 8,000 meters of core drilling to advance the Snip North discovery to a maiden resource estimation. This fully funded $13.4 million program will also evaluate other targets including a Cu-Au porphyry intrusive source for the anticipated maiden resource.
Seabridge Chairman and CEO Rudi Fronk commented: “Last year’s discovery at Snip North has given us clear direction on where to focus to deliver new resources in this year’s program. That’s our first priority. We are also targeting the source intrusion for this prospective resource which we expect to be rooted in a district-scale structural trend, named the Bronson Trend, containing newly recognized additional porphyry targets. The systems at Iskut are similar in size to our nearby KSM deposits which have strike lengths in the thousands of meters and width/depth dimensions of many hundreds of meters. We are optimistic that this year’s work will confirm our view of the potential for an entire porphyry district which we had in mind when we acquired the Iskut project in 2016.”
Regional geophysical surveys and surface geology have confirmed the district scale Bronson Trend that connects the Quartz Rise, Bronson Slope and Snip North occurrences. Substantial high-level expressions of Cu-Au porphyry systems fall along this regional structural corridor. Our efforts over the last several years have refined the potential for discovery of multiple porphyry targets embedded in this structure. Results from this year’s Snip North program will be integrated into this understanding to guide our efforts to advance additional porphyry mineral systems at Iskut.
Seabridge holds a 100% interest in several North American gold projects. Seabridge’s principal assets, the KSM project, and its Iskut project located in 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 set in the Yukon Territory. For a full breakdown of Seabridge’s mineral reserves and mineral resources by category please visit the Company’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.
ON BEHALF OF THE BOARD
“Rudi Fronk”
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.com
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