Updated PFS Confirms KSM Reserves Economic at Current Metal Prices
PEA Including New Discoveries Substantially Improves Estimated Profitability
Toronto, Canada – Seabridge Gold Inc. announced today that it has filed a NI 43-101 Technical Report at www.sedar.com for its 100%-owned KSM project located in northern British Columbia, Canada. The Technical Report includes previously announced results from an updated Preliminary Feasibility Study (the “PFS”) and a new Preliminary Economic Assessment (the “PEA”). The 2016 PFS was prepared by Tetra Tech, Inc. and the PEA was prepared by Amec Foster Wheeler Americas Limited. Both studies estimate operating and total costs for KSM that are well below industry averages for producing mines.
You may read the news release here
Seabridge Gold has had another full summer working on both our KSM Project and our newly acquired Iskut Property.
Read further to find out what we have been doing.
Toronto (Canada) – Seabridge Gold Inc. announced today it has received the permits from the BC Government necessary to develop an exploration adit into the large Deep Kerr Deposit at its 100%-owned KSM Project located in northwestern BC.
The proposed 2,100 meter long adit is designed to facilitate cost-effective underground exploration drilling of the Deep Kerr Deposit at depth compared to surface drilling. The adit would be collared in the Sulphurets Valley at the base of Kerr Mountain, declining at a 12 percent grade parallel to the footwall of the Kerr deposit, allowing access to mineralized zones that have only been tested to depths approximately 1,800 meters below surface. To date, all drilling at Deep Kerr has been from surface, resulting in very long holes which are slow and expensive to drill.
You may read the news release here
On September 12, 2016, Seabridge Gold’s Brent Murphy responded to an erroneous quote attributed to Rivers Without Borders in an article published by DeSmog blog titled “Owner of Acid Leaking Tulsequah Chief Mine goes into receivership”.
Read our letter to DeSmog blog
Since 2006, Seabridge Gold has been proactive in providing opportunities for the public to comment on its KSM project in northwestern British Columbia. Over the past eight years, the company has provided more than 220 community workshops and meetings, conducted 16 site tours, and hosted 28 public forums. Such consultative activities have enabled Seabridge to incorporate valuable public feedback, including Traditional Indigenous Knowledge, into its project design.
Read more in the PDF below (Page 40)
2016 Federal Report highlights Seabridge Gold’s Community Engagement (PDF)
On July 18, 2016, Seabridge Gold wrote a letter to the U.S. Secretary of the Interior, Honorable Sally Jewell, in response to the Petition for certification pursuant to 22 U.S.C. § 1978 of actions undertaken by Canadian nationals diminishing the effectiveness of the Convention on Nature Protection and Wild Life Preservation in the Western Hemisphere and the Convention for the Conservation of Anadromous Stocks in the North Pacific Ocean.
Read our letter to the Secretary of the Interior.
Three Different Expert Reviews Reach the Same Conclusion on Best Design Solution
Toronto (Canada) — Seabridge Gold announced today the results of its Best Available Tailing Technology (BAT) review for its KSM Project located in British Columbia. The review was completed by Klohn Crippen Berger, a world-leading engineering design firm.
The BAT study confirms that the existing tailing management facility design, consisting of centerline dams constructed with double cycloned sand and a till core in association with wet tailings deposition, is the best available technology for tailings deposition and the most environmentally responsible design to minimize long term risks associated with the proposed tailing storage facility for the KSM Project.
You may read the news release here — http://seabridgegold.net/News/Article/617/
On June 13, 2016, Seabridge Gold’s Brent Murphy responded to inaccurate statements by the Skeena Wild Conservation Trust in an Opinion Piece published in the Terrace Standard titled “We only say ‘no’ when we need to”.
Read our letter to the Skeena Wild Conservation Trust.
On July 6, 2016, Seabridge Gold’s Brent Murphy responded to inaccurate statements in an article published in the Juneau Empire titled “Rhetoric Ratchets Up In Transboundary Mining Battle”, in which our KSM Project is mentioned.
Read our letter to Juneau Empire.
On June 26, 2016, Seabridge Gold’s Brent Murphy responded to inaccurate statements in the Terrace Standard’s article titled, “We only say ‘no’ when we need to” in which Seabridge and our KSM Project are mentioned. Read our letter to the Terrace Standard.
On June 29, 2016, Seabridge Gold’s Brent Murphy submitted highlights of KSM Project and the proposed Tailing Management Facility (TMF) to correct public records in the Terrace Standard. Read highlights of our KSM Project and the proposed Tailing Management Facility in the Terrace Standard.