Seabridge Gold Begins Drilling at the 3 Aces Project
106 Front Street East, Suite 400, Toronto, ON M5A 1E1, Canada
416-367-9292 www.seabridgegold. com
NEWS RELEASE
Trading Symbols: TSX: SEA FOR IMMEDIATE RELEASE
NYSE: SA July 17, 2023
Seabridge Gold Begins Drilling at the 3 Aces Project
Toronto, Canada ... Seabridge Gold (TSX: SEA, NYSE:SA) announced today that drilling has
commenced at its wholly owned 3 Aces project in Canada’s Yukon to complete the testing of a
comprehensive exploration model. The program is scheduled to complete 7,500 meters of core
and reverse circulation drilling in the Central Core Area (CCA) of the 3 Ace s project. Initial
targets will focus on expanding mineralized zones on the Hearts and Spades targets.
Rudi Fronk, Seabridge Chairman and CEO, commented, “We are looking forward to execut ing
our first full program at 3 Aces. Our team has been refining our new model and checking its
concepts against field observations. They believe this model will provide the basis to integrate
past and current drill results into meaningful zones of mineralization. We expect this program
will help us prioritize mineralized zones and take us steps closer to delineating resources.”
Mr. Fronk noted that Seabridge Gold’s success as a Company has relied extensively upon
reserve and resource expansion at its 100%-owned KSM and Courageous Lake projects. “We are
proud of o ur explor ation rec ord and we are now gunning for our next round of exploration
successes at our 3 Aces and Iskut projects. The preparatory work has been done. At 3 Aces , we
are looking for the continuity that eluded previous operators and which is needed for resource
delineation. At Iskut, we are focusing on expansion of the Bronson deposit and the discovery of
new copper-gold porphyries hinted at in last year’s drilling.”
The 3 Aces program plans to test four target zones, Spades, Hearts, Hearts West, and Clubs. In
these zones, dilation at the contacts between thick phyllite sequences and coarse interbedded
sandstones and conglomerates along second-generation folding event (F2) have consistently
shown better gold values. Evaluations of the target areas will include:
• The gold mineralization in historical drill holes that has not been pursued down
plunge of the F2 folds.
• Untested synform -antiform pairs of the F 2 folds, identified within the extensive
gold-in-soil anomaly of the CCA.
• Interaction between structurally prepared rocks of the earlier F 1 folding and the
mineralizing F2 folds.
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) . The property is in a readily accessible
part of southeastern Yukon , on the eastern margin of the Selwyn Basin, a thick package of
sedimentary rocks extending across the Yukon and host to several enormous base metal
deposits (Howard’s Pass District). Hosted in Hyland Group rocks, interbedded clastics and
carbonate sediment s are exposed near a regional tectonic boundary. A p olyphase fold and
fault system overprint s the stratigraphy, creating ideal traps for gold -bearing fluids expressed
as quartz veins. We believe the 3 Aces target is consistent with some of the biggest and richest
gold deposits in the world, including the California Mother Lode Belt, Juneau Gold Belt,
Muruntau in Uzbekistan, and Obuasi in Ghana.
Seabridge holds a 100% interest in several North American gold projec ts. Seabridg e's asset s
include the KSM and Iskut projects located in Northwest British Columbia, Canada’s “Golden
Triangle”, the Courageous Lake project located in Canada's Northwest Territories, the
Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in
the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral
Resources by category please visit the Company's website at http://www.seabridgegold.com.
Neither t he Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This document contains "forward -looking information" wi thin the me aning of Canadian securities legi slation and
"forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of
1995. This information and these statements, referred to herein as "forward -looking statements" are made as of the
date of this doc ument. Forward -looking statements relate to future events or future performance and reflect
current estimates, predictions, interpretations, expectations or beliefs regarding future events and include, but are
not limited to, statements with respect to: (i) the exploration model providing the basis to integrate past and current
drill results into meaningful zones of mineralization ; (ii) this program helping us to prioritize mineralized zones and
moving us closer t o delineati ng resources; (i ii) the explorati on program plans to test four target z ones, Spades,
Hearts, Hearts West, and Clubs ; (iv) our belief that the 3 Ac es target is consistent with some of the biggest and
richest gold deposits in the world, including the Califo rnia Mother Lode Belt, Juneau Gold Belt, Mur untau in
Uzbekistan, and Obuasi in Ghana ; and (v) the timing and extent of the work to be performed in work programs in
2023.
All forward -looking statements are based on Seabridge's or its consultants ' current b eliefs as well as various
assumptions made by them and information currently available to them. Although management considers these
assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking statements involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could d iffer materially from those
anticipated in such statements. Important fact ors that co uld cause actual results to differ materially from
Seabridge's plans or expectations include the risk that : (i) the geologic formations at the 3 Aces Project do not
conform to the interpretations of data and the geologic models that are the foun dations for such forward-looking
statements; and (ii) the availability of necessary equipment, supplies and personnel for the work programs, and
other risks outlined in statements made by Seabridge from time to time in the filings made by Seabridge with
securities re gulators. Seabridge disclaims any intention or obligation to update or revise any forward -looking
statements wh ether as a result of new information, future events or otherwise, except as otherwise required by
applicable securities legislation.
We caution readers not to place undue reliance on these forward -looking statements as a number of important
factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates assumptions and intentions expressed in such forward-looking statements.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman and 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: [email protected]