UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2020

Commission File Number 1-32135

SEABRIDGE GOLD INC.
(Name of Registrant)

106 Front Street East, Suite 400, Toronto, Ontario, Canada M5A 1E1
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [   ]          Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [   ]

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes[   ]         No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _______________


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Seabridge Gold Inc.
  (Registrant)
     
  By:  /s/ Chris Reynolds
  Name: Chris Reynolds
  Title: VP Finance and CFO
     
     
     
Date: March 30, 2020  


EXHIBITS

Exhibit Description
  
99.1   News Release dated March 30, 2020


Seabridge Gold Inc.: Exhibit 99.1 - Filed by newsfilecorp.com

News Release

Trading Symbols:    TSX: SEA For Immediate Release
                                    
NYSE: SA     March 30, 2020

 

Seabridge Gold To Acquire 3 Aces Project in Canada's Yukon

A high-grade, near surface gold opportunity in a mining-friendly jurisdiction

Toronto, Canada... Seabridge Gold (TSX:SEA, NYSE:SA) announced today that it has entered into an agreement to acquire a 100% interest in the 3 Aces gold project in the Yukon, Canada from Golden Predator Mining Corp. for 300,000 Seabridge common shares, potential future cash payments totalling $2.25 million, continuing royalty participation in the project by Golden Predator and the immediate cash payment of $263,000 as reimbursement for project-related payments made by Golden Predator. In the event that this transaction does not close, $218,000 of the cash payment becomes a loan payable to Seabridge. Closing of the transaction is subject to the usual terms and conditions, including final due diligence by Seabridge and the approval of the applicable stock exchanges.

Seabridge Gold Chairman and CEO Rudi Fronk said the 3 Aces Project is a first rate exploration play with the potential to host a high grade commercially-viable ore body. "We think 3 Aces is a worthy addition to the three outstanding exploration opportunities we already own in British Columbia, Nevada and the Northwest Territories. Golden Predator has done an excellent job of demonstrating the exploration potential at 3 Aces, confirming the project's positive metallurgy and establishing excellent relationships with local First Nations and communities. Their focus has shifted to the much more advanced and permitted Brewery Creek Mine. Our exploration team is keen to get going on 3 Aces, beginning with a review of the extensive data generated by Golden Predator."

The acquisition agreement provides for additional payments to Golden Predator of $1 million upon confirmation of a 3 Aces NI-43-101 compliant mineral resource of 2.5 million ounces of gold and a further $1.25 million upon confirmation of an aggregate mineral resource of 5 million ounces of gold. The agreement also grants Golden Predator a 0.5% net smelter royalty on the project.

3 Aces is a district scale, orogenic-gold project consisting of 1,734 claims covering 357 km² (35,700 ha) located in a readily accessible part of southeastern Yukon (see map). The target concept for this project is consistent with some of the biggest and richest gold deposits in the world, including the California Mother Lode Belt, Juneau Gold Belt, Murentau in Uzbekistan and Obuasi in Ghana. Historical work has identified a broad area of gold-in-soil extending more than 20 kilometers (12.4 miles) along strike and recent drilling in the Central Core Area has progressed to a point where, with additional exploration drilling, the property could potentially advance to an initial resource with exceptional grade.

The Property is on the eastern margin of the Selwyn Basin, a thick package of sedimentary rocks extending across the Yukon and host to several enormous base metal deposits (Howard's Pass District).  Hyland Group host rocks, the basal unit of the Selwyn Basin, are interbedded clastic and carbonate sedimentary rocks exposed near a regional tectonic boundary. Polyphase fold and fault systems overprint the stratigraphy, creating ideal traps for gold-bearing fluids expressed as quartz veins. At 3 Aces, discrete quartz veins containing arsenopyrite-pyrrhotite-pyrite and free gold are found within a broad zone of gold-bearing iron carbonate-clay alteration envelopes which will be targeted in our exploration. 

Past drilling has encounted a significant number of gold rich zones on the stratigraphic/structural contacts at 3 Aces. By early 2019 the project had completed about 300 holes; 37% of these encountered +5.0 g/t gold intersections and 27% have returned +8.0g/t gold.  Many of these holes were close-space off-sets on high-grade veins that crop out, but all veins identified in the Central Core Area have encountered high grade intersections. Significant effort was expended by Golden Predator to ensure that sampling of these high grade, nuggety intervals produced reliable and repeatable assay results. A sampling protocol in now in place to achieve reliable results.

The following table summarizes selected intervals from previous drilling.

Hole ID

DH Type

From (meters)

To

(meters)

Intercept (meters)

Gold Grade (g/T)

Spades High Grade Zone

3A16-032

RC

16.76

27.43

10.67

32.86

3A16-042

RC

17.53

24.38

6.85

25.61

3A16-044

RC

17.53

35.05

17.52

3.65

3A17-100

RC

19.05

25.91

6.86

20.15

3A17-124

RC

6.10

10.67

4.57

58.75

3A17-132

DD

20.00

33.30

13.30

6.69

3A17-127

RC

12.95

19.05

6.10

22.30

3A17-133

DD

23.80

40.00

16.80

20.50

and

57.50

65.00

7.50

13.92

3A17-138

DD

7.50

15.50

8.00

50.40

3A17-157

DD

19.00

23.20

4.20

20.04

3A17-208

RC

0.76

5.33

4.57

81.35

3A17-209

RC

2.29

23.62

21.33

18.33

3A17-211

RC

1.52

9.91

8.39

14.05

3A17-218

RC

5.33

18.29

12.96

14.19

3A17-220

RC

1.52

15.24

13.72

43.02

3A17-224

RC

1.52

11.43

9.91

21.81

3A17-238

RC

0.76

9.91

9.15

41.03

Hearts Zone

3A16-048

RC

96.01

104.39

8.38

6.39

3A16-054

RC

38.86

58.67

19.81

4.76

3A16-055

RC

51.05

60.20

9.15

9.37

3A16-082

DD

42.67

60.96

18.29

16.75

3A16-084

DD

103.98

115.82

11.84

1.72

3A16-085

RC

86.87

96.01

9.14

8.65

3A17-203

RC

10.67

30.48

19.81

3.32

Other Occurrences

3A17-143

DD

12.70

32.00

19.30

16.15

3A17-144

RC

5.33

52.58

47.25

1.11

3A17-147

DD

13.00

15.50

2.50

15.51

and

18.50

22.00

3.50

21.44

3A17-275

RC

40.39

48.77

8.38

5.24

3A18-335

DD

16.20

33.06

16.86

1.35

3A17-175

RC

32.00

33.53

1.53

36.33

 


Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's current mineral reserves and resources by project and category please visit the Company's website at http://www.seabridgegold.net/resources.php.

Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.

All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding: (i) the potential of the Property to host a high grade commercially-viable ore body; and (ii) the Company, with additional exploration drilling, potentially being able to advance the property to an initial resource with exceptional grade, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, discontinuity or otherwise unexpected geology at the Project, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

 ON BEHALF OF THE BOARD

"Rudi Fronk"

Chairman and CEO

For further information please contact:

Rudi Fronk, Chairman and CEO

Tel: (416) 367-9292  •  Fax: (416) 367-2711

Email:  info@seabridgegold.net

106 FRONT STREET EAST, SUITE 400, TORONTO, ONTARIO M5A 1E1 CANADA

TEL. 416-367-9292 FAX.416-367-2711 WWW.SEABRIDGEGOLD.NET