Toronto-based Seabridge Gold (TSX:SEA)(NYSE:SA), the 100% owner of the massive KSM project in northern British Columbia—considered the world’s largest undeveloped gold-copper project by reserves—has just identified a large, untested target at another of its ventures in B.C.
The company said October 26 that exploration at its 100%-owned Iskut project, which shares geological similarities with KSM, has achieved its primary objective: identifying a prospective new porphyry copper-gold system.
The untested target, known as Quartz Rise, has all the hallmarks of a porphyry lithocap, a geological feature found at the top of major porphyry systems throughout the world, the company said.
The Toronto-based miner noted it expected to begin drill testing next year, adding that the samples it has already taken in the area contain visible gold.
Read the full article on BIV.com.