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Gold/Mining/Energy : Golden Triangle

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From: klinker	8/12/2012 3:11:00 PM
	of 493

iron cap is a separate but related system to the ksm mineral system... perchance it is a very long vent from the copper belle zone.. what I've been looking for is the latest updated length of the iron cap zone.... i believe it is now [well my memory can be faulty] long... the number in the press release is a far cry from the number i'm thinking of... so is this why rudy fronk might be unofficially interested in treaty creek... The Iron Cap deposit is a separate but related mineral system within the KSM district. It is structurally above the Mitchell deposit in the panel of rocks between the Mitchell and Sulphurets thrust faults. Iron Cap differs from the Mitchell deposit in that several intrusions make up the host rock. This higher temperature environment and its associated potassic alteration have resulted in the higher metal value at Iron Cap. There is the potential for an undiscovered, deeper core zone characterized by potassium feldspar, magnetite and bornite which could be expected to contain significantly higher metal values than the shallower levels tested so far at Iron Cap. This year's drill results suggest that this potential core zone may exist below the current limits of the Iron Cap deposit. Seabridge intends to pursue this target in next year's program. ********* Analysis of drill data indicates that the Iron Cap resource is likely to have a higher metal value than the average KSM grade. For example, Hole 40, which is mineralized from top to bottom, contains a 128.5 meter interval grading 1.04 grams per tonne gold and 0.37% copper. What is most encouraging is that Iron Cap's higher grade copper zones could be blended with ore from the Mitchell zone to maintain the targeted 0.20% average copper grade to the mill. This average head grade is important because it generates a higher grade concentrate without sacrificing recoveries, which in turn commands better smelter returns and reduces shipping costs. The current mine plan calls for the early development of the more distant Kerr and Sulphurets zones to maintain copper head grades to the mill. Sequencing Iron Cap before Kerr and Sulphurets could have multiple potential benefits including lower operating and capital costs, deferring significant expenditures and extending mine life. The Iron Cap deposit is a separate but related mineral system within the KSM district. It is structurally above the Mitchell deposit in the panel of rocks between the Mitchell and Sulphurets thrust faults. Iron Cap differs from the Mitchell deposit in that several intrusions make up the host rock. This higher temperature environment and its associated potassic alteration have resulted in the higher metal value at Iron Cap. There is the potential for an undiscovered, deeper core zone characterized by potassium feldspar, magnetite and bornite which could be expected to contain significantly higher metal values than the shallower levels tested so far at Iron Cap. This year's drill results suggest that this potential core zone may exist below the current limits of the Iron Cap deposit. Seabridge intends to pursue this target in next year's program.

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