The flow through funds will be used in the 2018 drill program in the NW of BC near the town of Stewart. This region in Canada has garnered a great deal of attention from exploration companies and major producers alike. This investment coupled with many other serious players in this region is creating a buzz that a major discovery is possible.
Chairman and CEO Rudi Fronk noted that: "This year's exploration program at KSM will follow up on the tremendous success we achieved last year at KSM's Iron Cap deposit where inferred gold resources increased by 302% to 20.0 million ounces and inferred copper resources increased by 379% to 8.6 billion pounds. As in previous years, we are confident that this year's program should add sufficient resource ounces of gold to more than offset the share issuances from this financing. Increasing gold ownership per share remains an important objective for Seabridge."