Seabridge Gold’s first Snip North resource: scale, grade and upside for mine planners
Reviewed by Joe Ashwell

First reported on MINING.com
30 Second Briefing
Seabridge Gold has issued an initial inferred mineral resource for the Snip North deposit at its Iskut project in British Columbia’s Golden Triangle, totalling 605.7 million tonnes grading 0.47 g/t gold, 0.07% copper and 1.5 g/t silver (9.2 million oz. gold, 28.3 million oz. silver and 923 million lb. copper). Mineralisation remains open in multiple directions, with Seabridge planning further fieldwork to refine the intrusive-hosted system and test extensions. The discovery adds a large, lower-grade copper-gold-silver resource to Seabridge’s Golden Triangle portfolio, alongside its KSM-scale assets.
Technical Brief
- Deposit lies within British Columbia’s Golden Triangle, adding to Seabridge’s existing regional project cluster.
- Seabridge explicitly compares this first-pass estimate to its early KSM resource circa 20 years ago.
- Company states current tonnage is not yet a “material” component of its total resource inventory.
- For Golden Triangle project developers, Snip North reinforces the economic relevance of large, bulk-tonnage intrusive systems alongside vein-style gold.
Our Take
With 9.2 million oz. inferred gold at Snip North alongside the very large KSM inventory, Seabridge Gold now has multiple bulk-tonnage copper-gold systems in BC, which in our database is unusual for a single developer and could support future portfolio-level sequencing or joint-venture options rather than a single megaproject bet.
The low copper and gold grades at Snip North, combined with BC’s recent pause on KSM twin-tunnel permitting reported in our coverage, suggest Seabridge may need to emphasise scale, shared infrastructure and potential by-product credits (including silver and sulphuric acid) to keep project economics competitive under a tightening provincial approvals regime.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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