Seabridge Gold has once again struck gold in northwest B.C.'s Golden triangle.
Last week the company announced early drilling results from its Iskut project that the Smithers-based company says confirms a copper-gold deposit "of unusual size and consistency."
The results from three holes drilled this summer are from an area Seabridge calls its Snip North target, which is approximately 30 kilometres by air from the company's flagship KSM project.
Assay results from all three holes indicate wide areas of mineralization with "significant
鈥淲e are very excited by the early results from this year鈥檚 program," said Rudi Fronk, Seabridge chairman and CEO.
The company plans a total of 12,000 metres of drilling and hopes it will allow them to announce a resource estimation for Snip North early in 2026.
The deposit's proximity to KSM, makes Seabridge hopeful the Iskut project will be able to share a central mill and processing facility.
KSM received "substantially started" status from the Province last July meaning its environmental permit will not expire allowing the company to develop the mine, which is touted as one of the world's largest undeveloped gold-copper deposits. However, Tudor Gold, is challenging the KSM status in court over tunnels crossing under its nearby Treaty Creek project.
Hearings on the case are scheduled for Sept. 22 - 29.
Meanwhile, Seabridge announced its second-quarter financial results. In the three-month period ending June 30, the company posted a net profit of $12.3 million down from $45.2 million during the same period last year.
