Seabridge Gold’s 2023 Iskut Drill Program Ramps Up Focused on Making New Copper-Gold Porphyry Discoveries
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 May 30, 2023
Seabridge Gold’s 2023 Iskut Drill Program Ramps Up
Focused on Making New Copper-Gold Porphyry Discoveries
Toronto, Canada...Seabridge Gold (TSX:SEA) (NYSE:SA) reports today that drilling has begun at
its 100% owned Iskut property in Northwestern B. C.’s Golden Triangle. Initial work is on the Snip
North target and will then expand to the Bronson Slope target in coming weeks. The first of three
helicopter-portable core drills has been mobilized to site and two other drills will arrive in coming
weeks. The 2023 Iskut program plans to complete 12 to 15 drill holes exceeding 12,000 meters.
Seabridge Chairman and CEO Rudi Fronk commented: “ We are excited to get our program
started early in the field season after last years success at Iskut. At Snip North, we have extensive
evidence of copper-gold mineralization in historical drilling and deep penetrating geophysical
surveys. As the season matures and snow melts , we’ll move upslope, following a pronounced
regional structural tend, to continue work below the Bronso n Slope target. Our team is
enthusiastic that both these targets are new copper-gold rich porphyry systems. In addition, we
think there is significant potential to expand the existing Bronson Slope mineral resource.”
Regional geophysical surveys and surface geology continue to confirm a district scale structural
feature that connects the Quartz Rise, Bronson Slope and Snip North targets. All the recognized
mineral occurrences at Iskut are interpreted as high- level expressions of Cu -Au porphyry
systems aligned along this regional structural trend. The trend has similar characteristics to the
one that hosts a cluster of porphyry systems Seabridge has defined at our nearby KSM project.
An MT survey that began last season is being expanded at Snip North. This survey is investigating
extensive sericite-pyrite alteration and Cu -Au geochemical anomalies in sedimentary rocks
identified by 32 shallow diamond core holes previous operators drilled. Deeper drilling is
planned to identify the source of this alteration and related copper-gold concentrations. The
initial objective is to complete 3,500 meters of drilling in three to four holes at Snip North, which
could then be expanded depending on results.
The main part of the 2023 program will continue the drilling below the Bronson Slope resource
which started last year and discovered a large, steeply plunging quartz-magnetite breccia pipe
with clear indications of being sourced from hydrothermal eruptions out of an intrusion. The
copper and gold concentrations within and on the margins of this breccia pipe are evidence the
source intrusion could host a significant mineral system . Results from drilling in 2022 also
identified copper and gold grades in sedimentary rocks outside of the Bronson Slope mineral
resource. Resource expansion potential will be evaluated from results in the shallow parts of
holes targeting the deeper breccia pipe and its intrusive source.
Exploration activities by Seabridge at the Iskut Project are being 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. Mr. Threlkeld has
reviewed and approved this news release. An ongoing and rigorous quality control/quality
assurance protocol is employed in all Seabridge exploration campaigns. This program includes
blank, duplicate and reference standards. Cross -check analyses are conducted at a second
external laboratory on at least 10% of the drill samples.
Seabridge holds a 100% interest in s everal North American gold projects. Seabridge's assets
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 th e 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 the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts
responsibility for the adequacy or accuracy of this release.
This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward -looking
statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and th ese
statements, referred to herein as "forward -looking statements" are made as of the date of this document. 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 Bronson Slope and Snip North
targets being new copper-gold rich porphyry systems ; (ii) the significant potential to expand the existing Bronson Slope m ineral
resource; and (iii) 2023 Iskut program complet ing 12 to 15 drill holes exceeding 12,000 meters , including 3,500 meters of drilling in
three to four holes at Snip North.
All forward-looking statements are based on Seabridge's or its consultants' current beliefs 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 differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Seabridge 's plans or expectations include the risk that the geolog ic
formations at the Iskut Project do not conform to the interpretations of data and the geologic models on which they are based that
are the foundations for such forward -looking statements , regulatory and program execution issues, availability of capital and
financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks
outlined in statements made by Seabridge from time to time in the filings made by Seabridge with securities regulators. Seabridge
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.
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 assumpti ons and
intentions expressed in such forward-looking statements.
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: [email protected]