Seabridge confirms continuity of high-grade walsh lake gold discovery
Thursday, Nov 29, 2012
Seabridge Gold (TSX:SEA)(NYSE:SA) reported today that results from the final 10 holes drilled during the 2012 campaign on the Walsh Lake target at its 100%-owned Courageous Lake Project in Canada's Northwest Territories confirm the strike continuity of this high-grade gold discovery. The Walsh Lake zone now has a strike length of 850 meters and remains open to the north, up dip and at depth. An aggressive drilling program will begin this winter which is expected to result in an initial resource estimation later in 2013.
The Walsh Lake discovery was announced on September 10, 2012 (see http://seabridgegold.net/News/Article/391/
). This area is about 10 kilometres south of the FAT deposit where Seabridge has developed a 6.5 million ounce proven and probable gold reserve (see reserve table below). The north part of this target area is connected by a road network between the FAT deposit and the historical Tundra Gold Mine. Walsh Lake is believed to be a series of structural zones, parts of which are on strike with the deposits exploited in the Tundra Gold Mine.
Seabridge Chairman and CEO Rudi Fronk noted that the Walsh Lake results could be economically significant to the overall project. "Courageous Lake is an exciting asset, not only because of the large FAT deposit but also because we own 53 kilometres of a Greenstone Belt which has gold mineralization over its entire length. Investing in our extensive land package in the belt is just beginning to pay off. Our team has developed other targets that we expect will also augment existing reserves."