British North Sea Target Of New Drilling Plans

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Vectoring Towards a New Target within the Quartz Rise Graben

Compilation of surface mapping and drill hole geology shows a clear trend of decreased hydrothermal alteration toward the south and east. This is defined by the intensity of acid alteration, better preservation of original volcanic textures and diminishing pathfinder geochemistry. The opportunity for discovery therefore appears to improve to the north and west of the Quartz Rise area, toward historical mining. Furthermore, it has become evident that the northwest trending graben structural pattern does not account for the best gold values found in this year’s program including holes QR-17-01 (1.5 meters grading 8.26 g/T gold) and QR-17-07 (1.5 meters grading 74.1 g/T gold) as well as sampling of a cliff face north of Quartz Rise which returned very high grades ranging from 1.49 to 125.3 g/T gold.

A secondary and subordinate northeast structural orientation has subsequently been defined which is orthogonal to the graben faults and preferentially localizes intervals of high-grade gold. The 2017 Quartz Rise drilling plan was not designed to evaluate this northeast orientation. An IP survey was conducted late in the 2017 program to pursue this idea and its chargeability features provide indirect confirmation of favorable northeast structures which will be targeted in next year’s program.

Selected 2017 Assay Data

Table of selected drill hole intersections and cliff face samples from 2017 Quartz Rise Program

Drill Hole

Total Depth

(m)

From (m)

To (m)

Width (m)

Au g/T

Ag g/T

Intersection on Graben Faults

QR-17-06 753.0 340.5 344.3 3.8 6.52 1.3
QR-17-04 540.0 271.0 280.0 9.0 0.48 4.4

Intersection in Permissive Stratigraphy

QR-17-02 504.0 160.6 166.5 5.9 0.59 3.4
237.0 246.0 9.0 0.95 1.2
277.5 283.6 6.1 1.74 1.4
306.0 313.0 7.0 0.56 1.4
QR-17-07 501.0 202.5 210.0 7.5 0.71 0.2

Drill Intersection and Surface Samples on North East Structures

QR-17-01 329.5 218.5 220.0 1.5 8.26 6.5
QR-17-07 501.0 25.0 26.5 1.5 74.10 6.3
CS-1 Sample weight 1.54kg 1.49 0.4
CS-2A Sample weight 0.72kg 125.3 31.6
CS-2C Sample weight 0.55kg 10.5 3.9
CS-2D Sample weight 4.23kg 4.05 3.1
       

The results provided in the table above are early-stage and insufficient to establish a true thickness of the mineralized zones. These intervals are provided as an illustration of specific environments encountered in the program and do not represent all the precious metal intervals from the drilling program. Additional drilling will be required to determine the relevance of the widths of drill hole intervals reported here.

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 drilling campaigns. This program includes blank and reference standards. Cross-check analyses are conducted at a second external laboratory on at least 10% of the drill samples.

http://www.seabridgegold.net/resources.php.
" data-reactid="34">Seabridge holds a 100% interest in several North American gold projects. 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 of Seabridge's mineral reserves and mineral 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 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 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 graben feature constraining the most intense hydrothermal alteration in the area of the lithocap; (ii) the belief that the exploration team has successfully found the right environment for a high-grade epithermal gold deposit and that Quartz Rise has the potential for a significant discovery; (iii) the graben-forming faults likely being an integral part of the mineralizing system but not the primary depositional sites for precious metals at Quartz Rise; (iv) the coarse lithic tuffs possibly representing permissive units for deposition of precious metals; and (v) the opportunity for discovery improving to the north and west of the Quartz Rise area.

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. Many forward-looking statements are made assuming the correctness of other forward looking statements.

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 the Company's plans or expectations include the risk that the interpretations of the geologic formations at the Quartz Rise area do not conform to the geologic models that are the foundations for such hypotheses and other risks outlined in statements made by the Company from time to time in the filings made by the Company with securities regulators. A detailed cautionary statement outlining the forward looking statements in the mineral reserves and mineral resources reported by the Company, as well as assumptions and risks relating to them appears on its website. 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.

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: info@seabridgegold.net

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Source : https://finance.yahoo.com/news/seabridge-drilling-confirms-promising-gold-123000895.html

performing

Controlled

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