Impact: Mildly Positive
We recently visited Seabridge’s Snowstorm property in Nevada. We were impressed with the potential this early stage project offers shareholders as it is situated within a prolific gold trend with several world class mines (i.e. Twin Creeks, Turquoise Ridge, etc.). Seabridge has been steadily advancing the project and we expect initial exploration results (drilling, plus geophysics) to be announced before year-end. In our view, a discovery made at Snowstorm is likely to be coveted by its neighbor to the south (ABX/NEM). While Snowstorm is at an early stage, it appears to be very prospective and we expect it to add additional exploration sizzle to Seabridge as results are released.