Explorer Starts Geotechnical Drilling for Tunnel Excavation at KSM Project

By Streetwise Reports / July 13, 2020 / www.theaureport.com / Article Link

Seabridge Gold will carry out geotechnical drilling in the proposed area for the tunnel that will connect the mine and mill at its KSM gold-copper project.

KSM 2020 PEA Mine Plan

In a news release, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced it started geotechnical drilling in the area tentatively designated for the Mitchell Treaty Tunnels (MTT) that will connect the mine and mill at its KSM gold-copper project in British Columbia.

The twinned tunnels will be used to transfer ore to the mill from the mine, and, conversely, supplies, including electricity and fuel, to the mine from the mill. The structures need to be located in a geotechnically suitable place where tailings can be managed.

Seabridge plans to drill 10 holes over 4,000 meters to determine the condition of the rocks below the proposed MTT route. With this information, the company will determine the best excavation technology to employ.

Whereas the Toronto-based company's permit allows for 40 holes to be drilled, Seabridge opted to decrease the extent of its planned summer program because of COVID-19, "to reduce the load on our camp facilities and protect our employees and contractors," Chairman and CEO Rudi Fronk said in the release.

Along with the drilling, the resource explorer will install equipment so that data can continue being collected. This additional information will help Seabridge finalize the MTT design.

The company plans to carry out another program later this summer, which would include geophysics work and borehole drilling "to determine foundation properties for construction of one of the MTT's key portals," the release noted.

Read what other experts are saying about:

Seabridge Gold Inc.[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Seabridge Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Recent News

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com

Gold stocks near flat as equities dip

April 15, 2024 / www.canadianminingreport.com

Revenue estimates for gold stocks have remained relatively flat

April 08, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok