What's Happening?
Seabridge Gold has reported broad porphyry-style copper-gold mineralization at its Snip North target in British Columbia's Golden Triangle. The first three holes of a planned 12,000-meter program have extended Snip North's footprint, with notable copper and gold grades. A first resource for Snip North is expected early next year. The target is part of Seabridge's Iskut project, which includes the Bronson Slope deposit and other exploration targets. The drilling activity in the Golden Triangle is surging, with several companies expanding their programs.
Why It's Important?
The discovery of copper-gold mineralization at Snip North enhances Seabridge Gold's district-scale potential near its KSM project, one of the world's largest undeveloped gold-copper projects. The mineralization could benefit from KSM's proposed development and infrastructure, potentially feeding into a central mill and processing facility. The findings support the exploration and development of valuable mineral resources in British Columbia, contributing to the region's economic growth and the global supply of copper and gold.
What's Next?
Seabridge Gold plans to continue drilling at Snip North to achieve a density of pierce points needed for a maiden resource. The company aims to release a first resource for Snip North early next year. The ongoing exploration activity in the Golden Triangle may lead to further discoveries and development opportunities, attracting investment and boosting the region's mining industry.
