Seabridge Gold (AMEX:SA) Begins KSM Drilling

Today Seabridge Gold (AMEX:SA) said it has started to drill at its KSM project in the Stewart, British Colombia, Canada area.

KSM, which is 100 percent owned by Seabridge, said the purpose of the drilling will be to convert its existing mineral resources to proven and probable reserves to a larger amount.

The Iron Cap zone of the project will also resource definition drilling conducted in it, in areas where previous drilling had identified the possibility of a fourth significant deposit at KSM.

Seabridge ended the session at $35.14, up $0.73, or 2.12 percent.