SAN FRANCISCO, Dec. 11, 2017 (GLOBE NEWSWIRE) — With an advanced project being looked at by potential partners and a newer project producing precious metal results, several analysts rate this precious metals explorer a “Buy.”
In a Nov. 21 announcement, Seabridge Gold Inc. (TSX:SEA)(NYSE MKT:SA) confirmed the completion of its first exploration program on the Quartz Rise target in its 100%-owned Iskut Project in northwestern British Columbia. Seabridge Gold explained that “this year’s drilling found evidence of a gold-bearing intermediate sulfidation epithermal system beneath the Quartz Rise lithocap as anticipated. Intercepts included 1.5 meters grading 8.26 g/T gold in QR-17-01 and 1.5 meters grading 74.1 g/T gold in QR-17-07. Sampling of a cliff face north of Quartz Rise returned very high grades ranging from 1.49 to 125.3 g/T gold.”
In a Nov. 21 report, Canaccord Genuity analyst Tony Lesiak stated that “while the 2017 initial 10 hole drill program on the Quartz Rise target at Iskut did not fully live up to our, perhaps, overly optimistic expectations, the results did achieve their primary goal; to provide evidence of a gold bearing epithermal system.” He continued by pointing out that Canaccord “could hardly be faulted for the initial and continued enthusiasm given Iskut’s proximity to KSM. . .
Continue reading this article: Two 100%-Owned Projects Have Analysts Talking About a Possible ‘JV Partnership Offer’
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