Seabridge Gold Inc. announced that preparations at its wholly-owned 3 Aces project in Canada's Yukon are underway to drill test its comprehensive exploration model. This drilling was planned for last summer; however, delivery of a Class 4 Quartz Exploration Permit came late in the year and only a limited program was finished. This year's program plans to complete geophysical surveys and about 7,500 meters of core and reverse circulation drilling within the Central Core Area of the 3 Aces project.

Four different target areas are planned for drill testing in 2023: Spades, Hearts, Hearts West, and Clubs. In these areas, the company intend to evaluate three different settings where its model predicts gold continuity: Down plunge of known gold mineralization with the goal of identifying additional dilation zones between phyllite and sandstone contacts along an F2 fold limb where higher grade mineralization could have accumulated; Contact zones between phyllite and sandstone formations subparallel to historical gold zones and set near the apex of an F2 fold limb; and Untested synform-antiform pairs occurring within mineralized F2 folds. The exploration program will also continue geophysical surveys to better refine identified targets prior to drilling.

Seabridge will resume its previously initiated reclamation activities at the site, focused on exploration roads. Environmental monitoring activities focusing on wildlife management, water sampling and understanding environmental baseline conditions will continue in support of exploration activities.