Canada’s Seabridge Gold has reported updated mineral resource estimates, which indicate gold, copper, silver and molyb-denum grades, for the miner’s Mitchell and East Mitchell deposits which incorporate drilling completed last year.
“The Mitchell and East Mitchell are two of five deposits in Seabridge's 100%-owned, district-sized KSM project in the Golden Triangle re-gion of northwestern British Columbia, Canada,” the company said in a statement.
“With these resource additions, we have once again met our annual corporate objective of increasing our gold ownership on a per share basis. Since our last published resource estimate in December 2020, we have added 12.0 million ounces of gold in the measured and indi-cated categories, reduced inferred gold resources by about 0.2 mil-lion ounces and increased shares outstanding by approximately 5.6 million for new financings,” said Rudi Fronk, the miner’s chairman and CEO.
Seabridge Gold says the company’s resource base of gold, copper and silver is one of the largest in the world. Its key projects are located in Canada.