Seabridge Gold Inc. said Oct. 11 that the government of British Columbia granted the necessary permit to develop an exploration adit into the large Deep Kerr deposit at the KSM gold-copper project.
The proposed 2,100-meter-long adit will facilitate cost-effective underground exploration drilling at depth, compared to surface drilling undertaken previously.
The company will now be able to test mineralized zones that have only been tested to depths about 1,800 meters below surface.
A new preliminary economic assessment recommended that mining of both the Kerr deposit and the Deep Kerr deposit below it should proceed simultaneously by underground block caving.
The study projects improved economic returns and a significantly smaller environmental footprint for the KSM project compared to the previous preliminary feasibility study released in September.
Seabridge Gold Chairman and CEO Rudi Fronk said the permits were needed to upgrade Deep Kerr's inferred resource to higher categories.
"The adit will also provide the opportunity to collect additional geotechnical information required to finalize the development of a block cave underground mine plan for the Kerr Deposit."