Seabridge Gold Completes Drilling at its Snowstorm Project in Northern Nevada
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 April 19, 2022
Seabridge Gold Completes Drilling at its
Snowstorm Project in Northern Nevada
Toronto, Canada... Seabridge Gold’s (TSX: SEA, NYSE:SA) most recent drill program at
its Snowstorm Project , 100%-owned by the Company, has been completed and
samples are being processed for assay. Drill ing targeted the structural zones with
anomalous gold encountered in previous drill campaigns. Snowstorm is located 15
kilometers north of Turquoise Ridge on an extension of the prolific Getchell Trend.
This off set drill program was designed to increase the number of intersections on a
gold-bearing, structurally controlled intrusion to help vector towards higher grades.
The latest drilling re-entered completed holes from past campaigns, using directional
drilling tools to deviate from the original targets. The newly completed drilling totaled
1,320 meters of exploration drilling utilizing 982 meters of previous work.
Rudi Fronk, Seabridge Chairman and CEO, noted: “Conditions around advancing this
project remain challenging but incremental progress continues. We knew a multi -
year exploration program would be required to advance a deep blind target and we
remain confident of the potential. Integrating these new results into our understanding
is expected to further define targeting in our next campaign designed to advance towards
discovery of a Turquoise Ridge style opportunity,” said Fronk.
The 202 1 program was designed to offset results from 2020, where two holes
encountered sheared and altered zones of intrusive rock with gold, arsenic, and silver
concentrations one to two orders of magnitude above background concentrations .
Shearing and alteration in these rocks indicated to us that a thrust fault within the
favourable Paleozoic stratigraphy, intruded by an intermediate composition igneous rock,
had provided a pathway for gold-bearing fluids. This program targeted the intersection
of the thrust fault near an identified north-south fault zone.
Drill hole CC-21-23C re-entered previous hole 23. After several failed attempts to use
directional tools, CC-23C deviated correctly from the mother hole at 532 meters and
advanced toward the target. Drilling was terminated at 924 meters when the casing
shifted during a bit service and the drill string could not re turn to bottom.
Observations and assay results from this hole indicate it was sited in the expected
stratigraphy to encounter the desired target.
Drill hole CC-21-24A was sited on the original CC -24 position, the daughter hole
deviated at 452 meters and continued to completion at 1,379 meters. Poor rock
conditions and high ground water pressures were encountered in this hole but were
rectified by slowly and methodically advancing the drill hole casing. Observations
from CC-21-24A tracked closely with CC-20-24, providing a good stratigraphic column
above the target. Intervals of intermediate intrusive rocks were cut between 1,301 and
1,358 meters . Assay results are pending for CC -21-24A and are expected to provide
better understanding of the scale of the thrust fault target along with gold and pathfinder
element dispersion around intrusions. We expect important data from this hole.
Exploration activities by Seabridge at the Snowstorm are conducted under the
supervision of William E. Threlkeld, Registered Professional Geologist, Senior Vice
President of the Company and a Qualified Person as defined by National Instrument
43-101. Drill assays are submitted with about 15% certified standards, blanks and
duplicates. Mr. Threlkeld has reviewed and approved this news release.
Seabridge holds a 100% interest in several North American gold projects. Seabridge’s
assets include the KSM and Iskut projects located near Stewart, British Columbia,
Canada, 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 located in the Yukon T erritory. For a full breakdown of Seabridge's mineral
reserves and mineral resources by category please visit Seabridge's website at
http://www.seabridgegold.com.
None of the Toronto Stock Exchange, New York St ock Exchange, or their Regulation Services
Providers accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain forward -looking statements or information. All statements other
than statements of historical fact included in this release, including, without limitation, statements
regarding: (i) the Integration of these new results in to our understanding being expected to further
define targeting in our next campaign and that the next campaign will be designed to advance
towards discovery of a Turquoise Ridge style opportunity; (ii) the presence of a thrust fault within the
favourable Paleozoic stratigraphy, intruded by an intermediate composition igneous rock, indicating
that it had provided a pathway for gold -bearing fluids; (iii) expectations that information from the
drilling will be important and provide better understanding of the scale of the thrust fault target along
with gold and pathfinder element dispersion around intrusions, are forward-looking statements that
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 differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the Company's
plans or expectations include regulatory issues, discontinuity or otherwise unexpected geology at the
Project, timeliness of government or regulatory approvals and other risks detailed herein and from
time to time in the filings made by the Company with securities regulators. The Company disclaims
any intention or obligation to update or revise any forward-looking statements whether as a result of
new information, future events or otherwise except as otherwise required by applicable securities
legislation.
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]