Toronto-based Seabridge Gold is sending exploration crews back to the KSM site 65 km northwest of Stewart. They will be testing three different areas.
First, they will evaluate the potential to find more gold-copper porphyry systems below the Sulphurets thrust fault (STF). The company says there is potential to discover additional deposits west of the exposed deposits and at depth below the STF system. Deep penetrating geophysical techniques will be used to select drill targets.
Second, they will follow up on high grade epithermal gold intercepts near the Sulphurets deposit. Zones have been drilled on the margins of this deposit that are not part of it but rather characteristic of intermediate sulphidation epithermal occurrences. Previous drilling returned 2 meters grading 1,580 g/t gold (nearly 51 opt) and 209 g/t silver from 69.0 to 71.0 metres; and a separate hole intersected 12.2 meters of 5.83 g/t gold and 7.2 g/t silver from 21.0 to 33.2 metres, and 3.95 meters of 18.5 g/t gold and 30.6 g/t silver from 112.0 to 115.95 metres.
And third, they will update the Sulphurets resource estimated where recent drilling likely intersected the deposit. The former estimate was made in 2012. Since then, 10 more holes have been completed in the deposit, and they may expand the mineralization 300 meters to the north and west as well as at depth.
This story first appeared in Canadian Mining Journal.