SA - Seabridge Gold starts drilling at 3 Aces project in Yukon

2023-07-18 15:57:59 ET

Seabridge Gold ( NYSE: SA ) +1.7% in Tuesday's trading after announcing it has started a 7,500-meter drilling campaign at its 100%-owned 3 Aces project in Canada's Yukon Territory.

Seabridge ( SA ) said the core and reverse circulation drilling in 3 Aces' Central Core Area is designed to test its comprehensive exploration model at the project.

The company said four different 3 Aces target areas - Spades, Hearts, Hearts West, and Clubs - will be drill tested to evaluate different settings where its model predicts gold continuity.

Seabridge ( SA ) has said the project could host higher-grade gold than its flagship KSM project in British Columbia.

"At 3 Aces, we are looking for the continuity that eluded previous operators and which is needed for resource delineation," Seabridge Gold ( SA ) Chairman and CEO Rudi Fronk said.

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