Most of my readers are hardly aware that i spend my earning years actively involved in the promotion of mining ventures and literally have decades of experience and knowledge as a result.
So in fairness, most projects stop looking for new resources after they round up about 15,000,000 ounces. It literally becomes pointless. In this case an extensive drill program massively surprised them by tripling apparent reserves to 20,000,000 ounces and far more important it increased the grade as well. The copper profile is improved as well.
We certainly have a global scaled copper and gold camp here that will last at least a Century. The map i am showing you is of the so called golden triangle. However i want to share with you that early reconnaissance identified perhaps two dozen serious copper prospects back in the sixties here. Infrastructure is now catching up and this will become a copper supplier equivalent to Chile as well as an increasingly important gold source...
World’s largest gold project just got even bigger
Seabridge Gold has bulked up again its already massive KSM gold-copper-silver project in British Columbia in both size and grade.
Drill site at the KSM gold-copper project British Columbia. It's the world's largest undeveloped gold project based on mineral reserves. (Image courtesy of Seabridge Gold.)
Shares in Seabridge Gold (TSX:SEA) (NYSE:SA) were soaring in pre-market trade in New York after the Canadian company bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.
Before the opening, Seabridge stock was already exchanging hands at $10.40, up 4.8% on the New York Stock Exchange, after hiking its estimated inferred gold and copper resources at the Iron Cap deposit — one of four that make up the company's KSM project — by more than 300% each.
Investors curbed their initial enthusiasm once markets opened, with the miner’s shares trading only slightly up in New York (+0.48% to $10.45) and Toronto (+0.38% to Cdn$13.19 ) at 9:45AM ET.