Seabridge Gold Intersects Significant Porphyry Mineralization at Snip North

Core Viewpoint - Seabridge Gold has confirmed the presence of a significant copper-gold porphyry deposit at the Snip North target, with promising initial drill results indicating substantial mineralization [2][3]. Group 1: Drill Results - The first three drill holes at Snip North have successfully extended the mineralized footprint, revealing wide intervals of porphyry-style mineralization with notable copper and gold grades [2]. - Hole SN-25-25 intersected 729 meters of 0.48 gpt Au and 0.16% Cu, including 254 meters of 0.77 gpt Au and 0.31% Cu [6]. - Hole SN-25-26 showed 340.8 meters of 0.51 gpt Au and 0.11% Cu, while Hole SN-25-27 recorded 267.6 meters of 0.44 gpt Au and 0.15% Cu [7]. Group 2: Geological Insights - The mineralization at Snip North measures approximately 1,700 x 600 x 600 meters, with drilling aimed at achieving a density of pierce points for a maiden resource estimation [3]. - The drill holes encountered multiple generations of veining and mineralization, with distinct zonation including potassic and phyllic alteration [3][4]. - Intense alteration and mineralization were observed in coarser-grained sandstone and volcaniclastic units compared to finer-grained siltstones [3]. Group 3: Future Plans - The company plans to announce a resource estimation for Snip North early next year, following the completion of a 12,000-meter drill program [2][3]. - The ongoing drilling is designed to further define the extent of the mineralized zone and support future resource calculations [10].