Seabridge Gold To Explore Wyoming for Gold and Critical Minerals
Key Highlights
- ➤Seabridge agreed to acquire 100% of Wyoming’s Slaughterhouse Project.
- ➤US$300,000 purchase price, plus milestone payments totaling up to US$2.55 million.
- ➤Project includes 163 US mining claims, geophysical data and geological evaluation.
- ➤Orogen retains a 2.5% NSR royalty on existing claims.
- ➤Seabridge targets a potential large, high-grade gold deposit with critical-metal co-products.
Expert Statements
Bill Threlkeld, Senior Vice President of Exploration, Seabridge Gold
“hematite iron oxide copper-gold (IOCG) deposits - including world-class giants like Olympic Dam and Prominent Hill in South Australia - are highly prized because they can offer superior grades compared to porphyry deposits including concentrations of critical minerals. Our team likes the challenge of this specific target type because of its potential for a substantial discovery, and it offers an opportunity to advance exploration methods and geological models that have been underutilized in the Western US.”
Rudi Fronk, Chair and CEO, Seabridge Gold
“Our approach to the Slaughterhouse Project will employ a novel concept that has never been tested in Wyoming with modern exploration thinking and tools. Although this is an early-stage project, we believe we have the potential to make a discovery that opens new possibilities for gold and critical metals exploration. We also think that using new technologies and aggressive exploration could unlock mineral systems relatively quickly.”
Toronto, Ontario--(Newsfile Corp. - October 13, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") today announced the execution of a purchase agreement with Orogen Royalties Inc. ("Orogen") to acquire a 100% interest in properties and data of the Slaughterhouse Project in southern Wyoming. This purchase includes 163 US mining claims, geophysical survey results and geological mapping, sampling and prospect evaluation. The Slaughterhouse Project has been evaluated over the past several years by Orogen.
Southern Wyoming has been known for over a century as a copper and gold camp, but the historical occurrences have not had the comprehensive work required to explain its mineral deposits. In particular, copper and gold are typically associated with abundant hematite, an unusual feature which is found in a number of higher-grade mines elsewhere. Orogen's effective and persistent effort has built a compelling deposit concept for an undiscovered large and high-grade gold deposit with significant critical metals co-products.
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