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TORONTO - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA), a $1.29 billion market cap mining exploration company whose stock has gained 12.27% year-to-date, announced the commencement of its 2025 drilling program at the Iskut Project, located in British Columbia’s Golden Triangle. The program aims to define the copper-gold porphyry mineralization discovered in 2024 and to establish a maiden resource estimation for the Snip North discovery. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 9.53, suggesting robust funding capacity for its exploration activities.
The company plans to utilize three helicopter-portable drill rigs and intends to complete at least 8,000 meters of core drilling. With a budget of $13.4 million, the fully funded program also seeks to evaluate other targets, including a Cu-Au porphyry intrusive source related to the anticipated resource. While InvestingPro analysis indicates the company is not currently profitable, its lower-risk profile (beta of 0.77) and strong analyst support (consensus rating of 1.25, indicating Strong Buy) suggest potential for long-term value creation.
Seabridge’s Chairman and CEO, Rudi Fronk, expressed optimism about the potential of the Iskut Project, which is believed to be part of a district-scale structural trend known as the Bronson Trend. This trend is thought to contain multiple porphyry targets and is similar in size to the company’s KSM deposits nearby. Fronk noted that the systems at Iskut have strike lengths in the thousands of meters and dimensions of many hundreds of meters in width and depth.
The company’s efforts over recent years have refined the potential for discovery of multiple porphyry targets embedded along the Bronson Trend. Geophysical surveys and surface geology have confirmed the scale of the trend, connecting the Quartz Rise, Bronson Slope, and Snip North occurrences. Results from this year’s program will be integrated into the company’s understanding to guide further exploration.
Seabridge holds a 100% interest in several North American gold projects, including the KSM project and the Iskut project in British Columbia, the Courageous Lake project in Canada’s Northwest Territories, the Snowstorm project in Northern Nevada, and the 3 Aces project in the Yukon Territory.
The company has cautioned that forward-looking statements involve risks and uncertainties, and actual results could differ materially from those anticipated. Factors that could cause such differences include the risk that geologic formations do not conform to current interpretations or that the identified structural trend does not indicate the presence of multiple porphyry deposits. For a deeper understanding of Seabridge’s financial health and growth potential, investors can access additional insights and 5 more exclusive ProTips through InvestingPro.
This report is based on a press release statement and reflects the company’s plans and expectations for the Iskut Project’s 2025 drilling program.
In other recent news, Seabridge Gold Inc. has been actively defending its KSM project in British Columbia. The company has submitted a legal response to petitions challenging the Environmental Assessment Office’s (EAO) decision to grant the project a Substantially Started (SS) Designation. This designation secures the project’s Environmental Assessment Certificate from expiring, allowing development plans to continue amidst legal proceedings. The British Columbia Government has also defended the EAO’s decision, asserting its procedural fairness. A court hearing is scheduled for late September 2025. Additionally, Seabridge Gold has filed a Form 6-K with the Securities and Exchange Commission for May 2025. This filing includes routine administrative documents and does not impact the company’s financial position. The company’s commitment to transparency is affirmed by the filing, which was signed by Vice President of Finance and CFO Chris Reynolds.
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