The estimate used the same metals prices as the 2022 Mitchell and East Mitchell open pit estimates ($1,820/oz. gold, $4.20/lb. copper, $28/oz. silver and $13.5/lb. molybdenum).
The Kerr and Iron Cap deposits will primarily be underground mines with block caving, although there is a portion of the Kerr deposit that can be mined by open pit methods.
The indicated resource at Kerr is 384.2 million tonnes grading 0.22 g/t gold, 0.41% copper, 1.2 g/t silver and 5 ppm molybdenum. The inferred resource is 2.59 billion tonnes at 0.27 g/t gold, 0.35% copper, 1.7 g/t silver and 21 ppm molybdenum.
The Iron Cap deposit contains 471 million indicated tonnes at 0.38 g/t gold, 0.21% copper, 4.3 g/t silver and 39 ppm molybdenum. The inferred portion is 2.31 billion tonnes at 0.41 g/t gold, 0.27% copper, 2.5 g/t silver and 31 ppm molybdenum.
Seabridge chair and CEO Rudi Fronk said the resource restatements reflect gains from a consistent…
