Porphyry Mineral Systems

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Seabridge Gold Begins Drilling Snip North Discovery
Newsfileยท 2025-06-03 11:30
Core Viewpoint - Seabridge Gold has initiated its 2025 drill program at the Iskut Project, focusing on delineating copper-gold porphyry mineralization discovered in 2024, with the aim of developing a maiden resource estimation [1][2][3] Group 1: Drill Program Details - The 2025 program will utilize three helicopter-portable drill rigs and aims to complete at least 8,000 meters of core drilling, with a fully funded budget of $13.4 million [2] - The program will also evaluate other targets, including a Cu-Au porphyry intrusive source for the anticipated maiden resource [2] Group 2: Strategic Focus and Expectations - The Chairman and CEO of Seabridge Gold emphasized that the discovery at Snip North provides clear direction for resource development, with a focus on the Bronson Trend, which is expected to contain additional porphyry targets [3] - The Iskut Project's systems are comparable in size to the nearby KSM deposits, which have extensive strike lengths and significant width/depth dimensions, indicating potential for a large porphyry district [3] Group 3: Regional Geology and Potential - Regional geophysical surveys and surface geology have confirmed the Bronson Trend, which connects multiple occurrences and shows substantial high-level expressions of Cu-Au porphyry systems [3] - The ongoing efforts aim to refine the understanding of multiple porphyry targets embedded within this structural corridor, with results from the Snip North program expected to guide further exploration [3]