Geotechnical Drilling Begins Along Tunnel Route for Seabridge Gold’s KSM Project
News Release
Trading Symbols:
TSX: SEA
F
OR
I
MMEDIATE
R
ELEASE
NYSE: SA
July
9
, 2020
Geotechnical Drilling Begins Along Tunnel Route
for
Seabridge Gold’s
KSM Project
Toronto, Canada
... Seabridge Gold (TS
X:SEA) (NYSE:SA)
announced today
that geotechnical drilling has begun along the
proposed route of the
Mitchell Treaty Tunnels (“MTT”), a key infrastructure component of its 100%
-
owned KSM gold
-
copper project in north western British Columbia, Canada.
The p
ermit for the drill program w
as
o
btained from the BC
government on June 30, 2020.
The MTT is designed to connect the mine and mill, enabling the efficient transfer of ore to the mill from the mine
site
and
the
supply of electricity and
transport
ation
of
f
uel and other consumables in the
opposite direction to the mine. The location
of the mill and tailings management facility at some distance from the mines reflects the need for
a
site
with suitable
geotechnical characteristics where
responsible
tailings
ma
nagement
can
occur
. Tunnels are
m
ore cost effective and less
environmentally impactful than overland transport for the
approved
multi
-
decade mine life.
This year’s drilling will consist of about 4,000 meters in 10 holes to obtain information on the condi
tion of the rocks through
which
t
he tunnels will be driven. This data will help in the selection of the best excavation technology for tunnel
construction. Instrumentation will also be installed for ongoing data collection that will further assist tunnel d
esign.
Later this
summer
Seabrid
g
e plans to
undertak
e
a geophysics and short borehole drill program to determine foundation properties for
construction of one of the MTT''s key portals.
This summer’s
program
will be conducted on Seabridge
’s mineral tenures
and Crown land
subject to mine
r
al claims
included in the Treaty Creek Project held by a
joint venture
among Tudor Gold Corp.
(“Tudor”)
, American Creek Resources
Ltd. and Teuton Resources Corp
.
The
Crown land
on which Seabridge will be conducting its drilling is also the land subject
to
the
Licen
c
e
of Occupation for the
MTT
route granted
to Seabridge
by the provincial government on
September 27, 2014
.
The Licence of
Occupation
grants Seabridge rights to occupy the land of the MTT route for the purpose
of
constructing the
MTT.
Once Seabri
d
ge
has
evaluated
the drill core for geotechnical character
ist
i
cs
, core from the
Treaty Creek Project
will be
provided to Tudor. Seabridge will not assay the
Treaty Creek Project
core prior to delivering it to Tudor.
Seabridge Chairman and CEO Rudi Fronk
noted that the size of this year’s drill program has been scaled back from original
plans due to the impact of
the
COVID
-
19
pandemic
. “Our permit allows us to drill 40
holes,
but we have limited this
summer’s program to
only one drill rig and 10 holes to
r
educe the load on our camp facilities and protect our employees and
contractors. We will be following a very detailed protocol to minimize risks to our workers and
local Indigenous groups
.”
Seabridge holds a 100% inter
est in several North American gold p
r
ojects. The Company's principal assets are the KSM and
Iskut Projects located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's
Northwest Territories. For a full breakdown o
f Seabridge's mineral reserves and m
i
neral resources by category please visit
the Company's website at
http://www.seabridgegold.net/resources.php
.
None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Serv
i
ces Providers accepts
responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman & C.E.O.
For further
information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367
-
9292
Fax:
(
416) 367
-
2711
Email: