By The Gold Report

Source: Streetwise Reports   06/13/2018

Exploration is set to begin at a recently acquired Nevada gold project.

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT)) recently announced exploratory work intended to define drilling targets at its 100%-owned Snowstorm Project in northern Nevada by year-end.

“This is a very targeted program. We know what we are looking for and we know the tools that are most likely to help us in our search. Snowstorm is contiguous, and on strike, with large, successful producing mines including Getchell/Turquoise Ridge, Twin Creeks and Midas. The environments that host these gold deposits extend onto our ground but the targets are hidden under Tertiary volcanic cover. Our task is to ‘see’ through this cover using newly developed techniques and established tools that have worked for our neighbors,” explained Seabridge Senior Vice President Bill Threlkeld.

Purchased by Seabridge in 2017, the Snowstorm Project is located in the midst of northern Nevada’s Carlin Trend, Getchell Trend and the Northern Nevada Rift Zone. This area is known for being a prolific gold belt.

Initially, work will be concentrated on potential extensions of the Getchell Trend on the western side of the Snowstorm property. A magnetotelluric survey (CSAMT) will begin in July, and will include the western part of the property. This is an area where penetration of the carbonate host stratigraphy has been achieved with drill holes.

“Peak gold is the new reality in the gold business with reserves now being mined much faster than they are being replaced. Our industry is hungry for large discoveries and our exploration team’s success in finding gold resources over the past 15 years has been second to none. Although it has its challenges, Snowstorm is uniquely qualified to host a discovery that adds significant value for our shareholders, which is why we took it on,” said Seabridge Chairman and CEO Rudi Fronk.

Seven hundred mining claims and 5,800 acres of fee lands were included in the original Snowstorm purchase made by Seabridge. An additional 277 claims covering 5,540 acres contiguous to the purchased claims have also been staked by the company.

Seabridge Gold is headquartered in Toronto, Canada. In addition to Snowstorm, the company owns 100% of the KSM and Iskut projects in British Columbia and the Courageous Lake gold project in the Northwest Territories.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Seabridge Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: SEA:TSX; SA:NYSE.MKT,
)