Toronto, Ontario--(Newsfile Corp. - September 12, 2022) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has received its Class 4 Quartz Exploration Permit from the Yukon Government Department of Energy, Mines, and Resources for its 100% owned 3 Aces project. This permit allows Seabridge to conduct a gold focused exploration program with the following activities:
Camp operations to support exploration personnel
Field activities, consisting of line cutting, trenching, geological mapping, and the completion of geophysical surveys
Seabridge thanks the Yukon Government, the Liard First Nation (LFN), and Ross River Dena Council (RRDC) for working together to issue this permit. We look forward to establishing in the Yukon the same reputation for operating excellence that we have established with the Indigenous peoples of northwest British Columbia and provincial regulators.
3 Aces was acquired by Seabridge in March 2020 as a district scale, orogenic-gold project consisting of 1,734 claims covering 357 km² (35,700 ha) located in a readily accessible part of southeastern Yukon. The target concept for this project is consistent with some of the biggest and richest gold deposits in the world, including the California Mother Lode Belt, Juneau Gold Belt, Murentau in Uzbekistan and Obuasi in Ghana. Historical work has identified a broad area of gold-in-soil occurrences extending more than 20 kilometers (12.4 miles) along strike.
Field programs completed by Seabridge in 2021 identified four separate target areas for drill testing. To fit the limited season still available in 2022, the current plan is designed to begin testing our 3-dimensional model of these four targets at the Hearts zone to confirm that gold-bearing veins are hosted on the axis of secondary aniticlinal folds and specific thrust faults. The current program will generate 1,500-1,800 meters of core to improve 3-dimensional controls on these structures and institute sampling protocols to confirm the reliability and repeatability of gold assays.
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