Seabridge Gold Inc. (NYSE:SA) is one of the Best Gold Mining Companies to Buy Now. On August 12, Seabridge Gold Inc. (NYSE:SA) announced exciting results from Snip North, confirming a copper-gold porphyry deposit.
Seabridge Gold reported results from the first three holes drilled at the Snip North property. The company identified a copper-gold porphyry of unusual size and consistency. The three holes are part of a 12,000-meter drill program designed to expand zones of extreme potassic alteration and associated mineralization discovered in 2024. The first three holes have successfully confirmed the mineralized footprint of the property, achieving wide intervals of porphyry-style mineralization with significant copper and gold grades.
Aerial view of a gold mine in the mountains, trees reflecting the light from the sun.
“We are very excited by the early results from this year’s program. Our drilling is designed to achieve a density of pierce points needed for a maiden resource from a mineralized zone that so far measures approximately 1,700x600x600 meters, with the aim of announcing a resource estimation for Snip North early next year,” said Seabridge Chairman and CEO Rudi Fronk.
So far, the true thickness of these intervals is unknown, and additional drilling results and geological modeling are required to arrive at conclusive results for each interval’s true width.
Seabridge Gold Inc. (NYSE:SA) is a gold mining company engaged in exploring, acquiring, and advancing mineral properties in Canada and the U.S.
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Disclosure: None. This article is originally published at Insider Monkey.
