Maham Fatima
2 min read
In This Article:
Seabridge Gold Inc. (NYSE:SA) is one of the best Canadian stocks with huge upside potential. On June 3, Seabridge Gold announced the commencement of its 2025 drill program at the Iskut Project, which is located in the Golden Triangle of northwest British Columbia, about 30 kilometers by air from its KSM gold-copper district.
The program’s primary focus is to delineate the copper-gold porphyry mineralization discovered during the 2024 program. The 2025 season’s program is fully funded with a budget of $13.4 million and will utilize 3 helicopter-portable drill rigs. The main objective is to complete at least 8,000 meters of core drilling to advance the Snip North discovery towards a maiden resource estimation.
A closeup view of a large gold mine, illustrating the company's gold properties.
Additionally, the program will evaluate other targets, such as the potential intrusive source of the copper-gold porphyry for the anticipated maiden resource. Seabridge is also targeting the source intrusion for this prospective resource, which is expected to be rooted in a district-scale structural trend known as the Bronson Trend. The trend contains newly recognized additional porphyry targets and connects the Quartz Rise, Bronson Slope, and Snip North occurrences, with high-level expressions of copper-gold porphyry systems along its corridor.
Seabridge Gold Inc. (NYSE:SA) acquires and explores gold properties in North America. It explores for gold, copper, silver, and molybdenum deposits. It holds a 100% interest in several North American gold projects.
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Disclosure: None. This article is originally published at Insider Monkey.
