Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) identified a new gold-copper porphyry target at its Iskut project in British Columbia, it announced in a news release.
The newly discovered target is a "large intrusive system at relatively shallow depth that is likely responsible for the Quartz Rise Lithocap and elevated gold and copper concentrations within a geological environment remarkably similar to Seabridge's nearby KSM project," as described in the release.
The company defined this target through 1.4 square kilometers of three-dimensional, induced polarization surveys, 260 line kilometers of high resolution magnetic surveys and 184 surface geochemical samples, all of which it completed this summer.
"We have now refined the location of this porphyry target, confirmed the presence of gold and copper, established its age and determined that it is within reach of surface drilling," Chairman and CEO Rudi Fronk said in the release.
Next is an aggressive drill program at Iskut, which Seabridge expects to kick off in 2020.
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