Seabridge Gold Drills Spectacular Intercept Within Deep Kerr Deposit at KSM

TORONTO, CANADA--(Marketwired - Nov. 5, 2013) - Seabridge Gold (TSX:SEA)(NYSE:SA) today announced extraordinary results from hole K13-34 drilled into the recently-discovered Deep Kerr deposit on its 100%-owned KSM Project in north western British Columbia, Canada. A 640 meter wide intercept, the widest yet drilled at Deep Kerr, returned an exceptional average copper grade of 0.85% and 0.42 g/T of gold and exhibited at its center the highest grade core zone mineralization encountered to date.

Drill holes in the northern part of the Deep Kerr system, which were completed at the end of the 2013 program, have shown increasing widths and more abundant copper minerals. Early indications are that K13-34 could have encountered the overlap of multiple mineralizing phases which had been postulated by the Seabridge geological team based upon data from previous holes. These extraordinary results point to the potential for a substantially thicker, higher-grade zone within the Deep Kerr deposit with continuity along strike to the north and at depth. Results from the final five Deep Kerr drill holes are expected shortly. (For a drill hole location map and cross section of K13-34, see www.seabridgegold.net/DKmap6.pdf.)

Seabridge announced on August 12, 2013 that a higher-grade copper-gold core zone named Deep Kerr had been discovered beneath the Kerr porphyry deposit (see news release). A core zone discovery at Deep Kerr was the primary objective of this year's exploration program. Five diamond core drill rigs were deployed on the Deep Kerr target during most of the field season, generating 24,000 meters of core. Initially, the program explored the dip projection of the 1,800 meter long Kerr deposit. Preliminary evaluation of the target indicates that the strike potential of the core zone is at least 1,600 meters long, up to 300 meters wide and at least 700 meters vertically. In August, drilling was focused on about 1,000 meters of the strike potential to generate data for an initial resource estimate. Deep Kerr remains open along strike to the north and vertically. Assay results from drill hole K-13-34 are as follows:

Hole ID

Total Depth (meters)

From (meters)

To (meters)

Thickness (meters)

Gold