Co. Undercovers High-Grade Gold in BC, Eyes Big Returns

Source: Mike Kozak 08/20/2025

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announces assay results from three exploration drill holes at the Snip North target, part of its wholly owned Iskut gold-copper project in British Columbia. Find out why one analyst suggests taking a look at the stock.

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced assay results from the initial three exploration drill holes of its expanded 12,000-meter 2025 drilling program at the Snip North target, part of its wholly owned Iskut gold-copper project in British Columbia, Canada, wrote Cantor Fitzgerald Analyst Mike Kozak in an updated research note on August 12.

Kozak labeled the results a “modest positive.”

“The intervals reported this morning are step-outs from the maiden 2024 discovery drill program at Snip North and suggest a large, near surface, and seemingly continuous gold- copper porphyry,” wrote Kozak, who maintained the firm’s Buy rating on the stock with a one-year target price of CA$46, a 101% return at the time he wrote the note.

Co. Plans Initial MRE for Early 2026

It’s worth noting that the Iskut project is situated approximately 20 kilometers north of Seabridge’s primary 100%-owned KSM gold-copper open-pit and underground project in British Columbia, Canada, Kozak wrote.

The mineralized area of Snip North, based on the 2024 and current 2025 drilling efforts, spans 1,700 meters by 600 meters by 600 meters and remains open in multiple directions and at depth, Kozak noted. The new results included 729 meters at 0.48 grams per tonne gold (g/t Au) and 0.16% copper (Cu), 341 meters at 0.51 g/t Au and 0.11% Cu, and 268 meters at 0.44 g/t Au and 0.15% Cu.

Seabridge plans to complete an initial MRE for Snip North in early 2026, the analyst wrote. Based on current drilling, a maiden resource of over 1.5 billion tonnes at approximately 0.45 g/t Au and 0.15% Cu, containing around 20 million ounces (Moz) of gold and 5 billion pounds of copper, is potentially achievable (according to Cantor’s estimate), pending further exploration results from the ongoing 12,000-meter drilling program.

“We reiterate our Buy rating on Seabridge and US$37.00/CA$46.00 price target,” Kozak wrote.

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Disclosures for Cantor Fitzgerald, Seabridge Gold Inc., August 12, 2025:

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Disclosures as of August 12 , 2025: Cantor has provided investment banking services or received investment banking related compensation from Seabridge Gold Inc. within the past 12 months.

The analysts responsible for this research report do not have, either directly or indirectly, a long or short position in the shares or options of Seabridge Gold Inc.

The analyst responsible for this report has visited the material operations of Seabridge Gold Inc. (KSM and Iskut). No payment or reimbursement was received for the related travel costs.

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( Companies Mentioned: SEA:TSX; SA:NYSE.MKT, )

Source: https://www.streetwisereports.com/article/2025/08/20/co-undercovers-high-grade-gold-in-bc-eyes-big-returns.html