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B.C. Au-Cu Project Shows Potential for Resource Growth

Source: Mike Kozak

 

January 12, 2023 (Investorideas.com Newswire) This property, near the company's flagship and one of the world's largest gold-copper projects, returned drill results that warrant following up, noted a Cantor Fitzgerald report.


Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) completed 2022 drill program at its Iskut project "supports resource expansion," reported Cantor Fitzgerald analyst Mike Kozak in a Jan. 9 research note. Iskut is about 30 kilometers from the company's KSM project in northwestern British Columbia.

"We ascribe zero value to the Iskut project and instead continue to view this exploration property as a highly prospective 'free option,'" Kozak wrote.

As is, Cantor's 12-month price target on Seabridge of CA$43.50 implies investors will at least double their money, given the stock's current share price is about CA$18.34. Cantor has a Buy recommendation on the Canadian mining firm.

Findings Upon Drilling

Seabridge's recent Iskut drill campaign encompassed ten drill holes covering 10,162 meters (10,162m), Kozak relayed. Through this exploration, the Toronto, Ontario-based company identified a large, mineralized quartz-magnetite breccia pipe, potentially the source of the Bronson Slope skarn deposit.

This breccia pipe "will help Seabridge target the source of mineralization at the Iskut project in its entirety, thought to be a large gold-copper porphyry system at depth," Kozak wrote.

The analyst presented some of the noteworthy drill results from Iskut:

  • SBS-22-05: 289m of 0.7 grams per ton (0.7 g/t) gold and 0.28% copper
  • SBS-22-01: 446m of 0.28 g/t gold and 0.14% copper
  • SBS-22-10: 42m of 0.43 g/t gold and 0.21% copper

More Exploration This Year

Seabridge plans to follow up these findings with more drilling at Iskut this year, at the Bronson Slope, Quartz Rise, and North Snip targets, noted Kozak. At Bronson Slope, the objectives are to expand the current Measured & Indicated resource and to pin down the source of the newly discovered breccia pipe.

The source is "currently hypothesized to be a gold-copper porphyry intrusive, similar in age to the company's flagship KSM project," Kozak wrote.

Disclosures:

1) Doresa Banning wrote 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 Inc. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This 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 decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Seabridge Gold Inc., a company mentioned in this article.

Disclosures For Cantor Fitzgerald, MSeabridge Gold Inc., January 9, 2023

The opinions, estimates and projections contained in this report are those of Cantor Fitzgerald Canada Corporation. ("CFCC") as of the date hereof and are subject to change without notice. Cantor makes every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and that contain information and opinions that are accurate and complete; however, Cantor makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained herein and accepts no liability whatsoever for any loss arising from any use of or reliance on this report or its contents.

Information may be available to Cantor that is not herein. This report is provided, for informational purposes only, to institutional investor clients of CFCC, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited. This report is issued and approved for distribution in Canada, Cantor Fitzgerald Inc., a member of the Investment Industry Regulatory Organization of Canada ("IIROC"), the Toronto Stock Exchange, the TSX Venture

Exchange and the CIPF. This report is has not been reviewed or approved by Cantor Fitzgerald & Co., a member of FINRA. Non US Broker Dealer 15a-6 disclosure: This report is being distributed by (CF Canada/CF Europe/CF Hong Kong) in the United States and is intended for distribution in the United States solely to "major U.S. institutional investors" (as such term is defined in Rule15a-6 of the U.S. Securities Exchange Act of 1934 and applicable interpretations relating thereto) and is not intended for the use of any person or entity that is not a major institutional investor. This material is intended solely for institutional investors and investors who Cantor reasonably believes are institutional investors. It is prohibited for distribution to non-institutional clients including retail clients, private clients and individual investors. Major Institutional Investors receiving this report should effect transactions in securities discussed in this report through Cantor Fitzgerald & Co. This report has been prepared in whole or in part by research analysts employed by non-US affiliates of Cantor Fitzgerald & Co that are not registered as broker-dealers in the United States.

These non-US research analysts are not registered as associated persons of Cantor Fitzgerald & Co. and are not licensed or qualified as research analysts with FINRA or any other US regulatory authority and, accordingly, may not be subject (among other things) to FINRA’s restrictions regarding communications by a research analyst with a subject company, public appearances by research analysts, and trading securities held by a research analyst account.

Potential conflicts of interest: The author of this report is compensated based in part on the overall revenues of Cantor, a portion of which are generated by investment banking activities. Cantor may have had, or seek to have, an investment banking relationship with companies mentioned in this report. Cantor and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent.

Although Cantor makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

Disclosures as of January 9, 2023: Cantor has provided investment banking services or received investment banking related compensation from Seabridge Gold Inc. within the past 12 months. The analysts responsible for this research report do not have, either directly or indirectly, a long or short position in the shares or options of Seabridge Gold Inc. The analyst responsible for this report has visited the material operations of Seabridge Gold Inc. (KSM and Iskut). No payment or reimbursement was received for the related travel costs.

Analyst certification: The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.

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