Today’s story is about Seabridge Gold and their amazing habit of finding massive, gold-copper reserves.
They have currently have one of the largest, undeveloped projects in northern British Columbia, the KSM project, and they just identified a large, untested target at another of its ventures in the region.
The company announced on Wednesday that exploration at its 100%-owned Iskut project, which shares geological similarities with KSM, has achieved its primary objective: identifying a prospective new porphyry copper-gold system. The untested target, known as Quartz Rise, has all the hallmarks of a porphyry lithocap, a geological feature found at the top of major porphyry systems throughout the world.
They stated that they expect to begin drill testing next year. They added that the samples already taken in the area contain visible gold.
Fun fact, Seabridge is worth nearly $600 million (yes, you read that right) on the New York Stock Exchange, up 35% in value year to date.
Excellent future prospects for this company, we are excited to see where they go from here. Side note: they will go a lot further with our earthmoving equipment 😉