Seabridge Gold’s Iskut 2023 Drill Program to Focus on Copper-Gold Porphyry Discoveries and Resource Expansion
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 3, 2023
Seabridge Gold’s Iskut 2023 Drill Program to Focus on Copper-Gold
Porphyry Discoveries and Resource Expansion
Last year SBS-22-05 intersected 174 meters of 0.86 gpT gold and 0.34% copper
in newly discovered Bronson Pipe
Toronto, Canada...Seabridge Gold (TSX:SEA) (NYSE:SA) reports today that planning is well advanced
for an extensive 2023 drill program at its 100% owned Iskut property in Northwestern B. C.’s Golden
Triangle. The work program is designed to test for deeper copper -gold porphyry systems and to
expand the Bronson Slope mineral resource. Three helicopter-portable core drills have been reserved
for this program that anticipates completion of 12 to 15 drill holes exceeding 12,000 meters of core.
Seabridge Chairman and CEO Rudi Fronk commented: “Last year we discovered a major quartz -
magnetite breccia pipe beneath the Bronson Slope copper -gold deposit. The pipe sits within a
district-scale structural trend that localizes all of Iskut’s porphyry-style targets. The well-mineralized
Bronson pipe is persuasive evidence of a large copper-gold porphyry source below last year’s drilling.
The structural trend hosting this pipe has two more similar porphyry targets meriting aggressive drill
testing. As a byproduct of this effort, we expect to expand the 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 observed mineral
systems at Iskut are interpreted as high -level expressions of Cu -Au porphyry features along this
regional trend. Snip North is being investigated with an MT survey and deeper drilling this year over
an area where 32 shallow diamond core holes drilled by previous o perators encountered pervasive
sericite-pyrite alteration and Cu-Au geochemical anomalies in sedimentary rocks.
At Bronson, drilling will continue below the Bronson Slope resource following a steeply plunging
quartz-magnetite breccia pipe with clear indications it is sourced from hydrothermal eruptions out
of an intrusion. The copper and gold concentrations within and on the margins of this pipe are
evidence the source intrusion could host a significant mineral system. At Quartz Rise ongoing work
has refined drill targets for the intrusive source of an extensive lithocap discovered at this target.
Results from drilling in 2022 identified copper and gold grades in sedimentary rocks outside of the
187Mt Bronson mineral r esource. Resource expansion potential may extend as far as 1.2 kilometers
southeast along strike , connecting to historical drilling that encountered numerous high -grade
intersections. Magnetic surveys in that area indicate a separate intrusive feature is present under this
area which may be another porphyry source. Drill testing the Bronson Slope breccia pipe will require
drilling outside the limits of the resource and these results wi ll be incorporated into the resource
estimate.
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 blan k, 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 several North American gold projects. Seabridge's principal assets,
the KSM project, and its Iskut project are located in British Columbia, Canada’s “Golden Triangle”, the
Courageous Lake project is 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 the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts
responsibility for the adequacy or accuracy of this release.
All reserve and resource estimates reported by the Corporation were estimated in accordance with the Canadian National
Instrument 43-101 and the Canadian Institute of Mining, Me tallurgy and Petroleum (“CIM”) Definition Standards. The U.S.
Securities and Exchange Commission (“SEC”) now recognizes estimates of “measured mineral resources,” “indicated mineral
resources” and “inferred mineral resources” and uses new definitions of “p roven mineral reserves” and “probable mineral
reserves” that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards
differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any “measured
mineral resources,” “indicated mineral resources,” or “inferred mineral resources” that the Issuer reports are or will be
economically or legally mineable. Further, “inferred mineral resources” are that part of a mineral resource for which quantity
and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral
reserves do not have demonstrated economic viability.
Forward Looking Statements
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 these 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 drill
program completing 12 to 15 drill holes exceeding 12,000 meters of core; (ii) the expectation that the drill program will increase
the Bronson Slope mineral resource and the potential to expand the mineral resource to targets 12,000 meters along strike;
(iii) the observed mineral systems at Iskut being interpreted as high-level expressions of Cu-Au porphyry features along the
district scale structural feature that connects the Quartz Rise, Bronson Slope and Snip North targets; (iv) the copper and gold
concentrations intersected within and on the margins of the quartz-magnetite breccia pipe being evidence the source
intrusion could host a significant mineral system; (v) magnetic surveys indicating a separate intrusive feature is present under
another target which may be another porphyry source; and (vi) the resource estimate in respect of the Iskut Project.
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 ris k
that: (i) the geologic formations at the Iskut Project do not conform to the interpretations of data and the geologic models
that are the foundations for such forward -looking statements; (ii) the identified regional trend not being indicative of the
presence of multiple porphyry deposits; (iii) the assumed presence of and c ontinuity of metals at the Project between drill
holes, including at grades estimated in the mineral resource estimate and the other assumptions underlying the resource
estimate; and (iv) 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 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
assumptions 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]