The combined open-pit resource for the two deposits now total 4.11 million tonnes grading 0.54 g/t gold, 0.13% copper, 2.4 g/t silver and 71 ppm molybdenum in the measured and indicated categories. There are also 1.56 million tonnes grading 0.30 g/t gold, 0.13% copper, 2.5 g/t silver and 50 ppm molybdenum in the inferred category.
Commenting on the mineral resource update, Seabridge chairman and CEO Rudi Fronk said: “We are very eager to see how this new resource estimate folds into our revised PFS.”
“We expect the combination of East Mitchell and Mitchell to create a single very large open-pit mining opportunity with improved economic projections including a likely increase in proven and probable gold reserves, better grades in the early years of production and deferral of the need to pay for capital intensive underground block-cave development,” Fronk added.
Prior to the update, the KSM project’s total measured and…
