Key Takeaways:
(P1) Seabridge Gold announced a maiden inferred mineral resource at its Snip North deposit of 9.2 million ounces of gold, significantly expanding the potential of its Iskut Project in British Columbia. The estimate, disclosed on April 15, 2026, also includes substantial copper and silver components.
(P2) "This initial resource estimate confirms that Snip North is a large, gold-copper porphyry system," said Rudi Fronk, Chairman and CEO of Seabridge Gold. "The grades are consistent with other porphyry deposits in the Golden Triangle, and we are confident that we can continue to expand the deposit with further drilling."
(P3) The inferred mineral resource totals 605.7 million tonnes at a grade of 0.47 grams per tonne (g/T) gold, 1.5 g/T silver, and 0.07% copper. This equates to 9.2 million ounces of gold, 28.3 million ounces of silver, and 923 million pounds of copper. The company also announced it is renaming the Iskut Project to the Bronson Corridor Project.
(P4) The discovery's scale places it as a significant new deposit within British Columbia's Golden Triangle, a region known for major gold and copper mines. For comparison, the nearby KSM project, also owned by Seabridge, has proven and probable reserves of 47.3 million ounces of gold and 10.2 billion pounds of copper. This new resource could provide a basis for future development and attract further investment to the region. The next step for Seabridge will be to conduct further drilling to upgrade the inferred resources to the indicated and measured categories.
This article is for informational purposes only and does not constitute investment advice.
