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Initial results from eleven of thirty drill holes from Seabridge Gold Inc.’s (NYSE Amex: SA; TSX: SEA) 2010 drill program at its Courageous Lake gold project, intended to upgrade the classification of inferred gold resources, have encountered higher grades with potential to expand the deposit. The Measured and Indicated gold resource at Seabridge Gold Inc.’s project is 591,000 and 3,648,000 ounces of gold respectively with nearly six million ounces in the Inferred category. A Preliminary Assessment completed in March of 2008 estimated total cash cost of US$590 per ounce, and at a gold price of US$1,000 a cumulative pre-tax cash flow of US$2.27 billion. Additional drilling of the sizeable inferred gold resource, to upgrade or increase the resource at Seabridge Gold Inc.’s Courageous Lake project, should improve the economics and attractiveness for development.
Seabridge Gold Inc. (NYSE Amex: SA; TSX: SEA) received drill results at its Iron Cap target at KSM with wide intercepts above average grades for the project. The drilling has identified a new deposits of at least 900 meters in length, 400 meters wide and up to 350 meters thick adjacent to the Mitchell zone. The potential to sequence mining with Mitchell (before Kerr and Sulphurets) and blend ore has good potential to reduce estimated operating costs and improve the economics of the project. Seabridge Gold has plans to complete infill drilling to establish a new resource. Given consistency of drilling other areas of the project and visible alteration we anticipate further drilling success. Seabridge Gold’s KSM project is one of the world’s largest copper-gold projects.
Submitted by Admin on Tue, 11/17/2009 - 14:15
Submitted by Admin on Tue, 11/17/2009 - 14:06
Submitted by Admin on Tue, 11/17/2009 - 12:24
Submitted by Admin on Tue, 11/17/2009 - 12:14
Submitted by Admin on Tue, 11/17/2009 - 12:08
The KSM Project exploration camp is located to the valley south of Suphurets Creek below the Sulphurets and Kerr deposits to the east. The camp is the staging area for exploration of the Kerr, Sulphurets and Mitchell deposits. The camp is open late spring to early fall.
Submitted by Admin on Thu, 10/29/2009 - 16:34
Tue, 08/11/2009 - 17
Rudi P. Fronk
Seabridge Gold Inc. is designed to provide its shareholders with exceptional leverage to a rising gold price. From 1999 through 2002, when the gold price was lower, Seabridge acquired nine North American projects with substantial gold resources, including the multi-million ounce Courageous Lake and Kerr-Sulphurets-Mitchell deposits. Subsequent exploration by Seabridge has significantly expanded its acquired gold resource base.
Submitted by Admin on Sun, 06/14/2009 - 21:00
Seabridge Gold, Inc. (AMEX: SA) has received a pit study with two long-term scenarios. In December of 2008, Seabridge received an initial Preliminary Assessment (PA) with an estimated 30-year mine life. The “two scenario” pit study included a 30 and 48-year option with the benefit of drill results completed in 2008 and updated capital and operating costs. The study will be an important component of an updated PA due in July, which should support a Preliminary Feasibility Study scheduled for the first quarter of 2010.
Seabridge Gold Inc. is rapidly advancing the KSM gold-copper project in British Columbia, one of the world’s largest undeveloped gold-copper projects, scheduled to complete a Feasibility Study in early 2010. This project justifies a successful strategy of advancing a portfolio of gold projects for sale to a major mining company. Seabridge recently sold its Noche Buena project in Mexico, increasing its cash on hand to about $30 million.