Profile: Seabridge Gold Inc (SA.N)
Seabridge Gold Inc. (Seabridge), incorporated on October 31, 2002, is a development stage company engaged in the acquisition and exploration of gold properties located in North America. The Company's objective is to provide its shareholders with leverage to a rising gold price. Seabridge's principal projects include the KSM (Kerr-Sulphurets-Mitchell) property located in British Columbia and the Courageous Lake property located in the Northwest Territories. The Company owns five properties with gold resources and its material properties are its KSM Project and its Courageous Lake Project. The Company holds a 100% interest in each of its properties. The Company has five wholly owned subsidiaries, which include Seabridge Gold (NWT) Inc., Seabridge Gold Corporation, Pacific Intermountain Gold Corporation, 5555 Gold Inc. and 555 Silver Inc.
The KSM Project is in the Iskut-Stikine region of British Columbia, approximately 21 kilometers south-southeast of the former Eskay Creek Mine and approximately 68 kilometers northwest of Stewart, British Columbia. The KSM property consists of three discontinuous claim blocks, which include the KSM claim group, the Seabee/Tina claims and the KSM placer claim block. The first two claim blocks (KSM and Seabee/Tina) contain two mineral leases and 71 mineral claims, consisting of both cell and legacy claims. The total area of the first two claim blocks is 50,500 hectares. The Seabee/Tina claim block is about 19 kilometers northeast of the KSM claim group. The KSM claim group includes one mineral lease covering an area of 6,085 hectares within which the mineral deposits lie; one mineral lease covering approximately 5,162 hectares, and 18 mineral legacy 'New BJ' claims covering approximately 6,026.2 hectares.
The Seabee/Tina claims include 47 mineral cell claims (Seabee Property) and six mineral legacy claims (Tina Property), covering approximately 21,478 hectares, that are located about 19 kilometers northeast of the KSM property. The KSM placer claims include 44 placer cell claims covering an area of 11,749 hectares which are coincident in land area with most of the mineral cell claims within the KSM claim group.
Courageous Lake Project
The Courageous Lake Project is a gold project located approximately 240 kilometers northeast of Yellowknife in the Northwest Territories, Canada. The property consists of 61 federal mining leases, 26 federal mining claims and one optioned federal mining lease (Red 25) having a combined area of 124,189.9 acres. Seabridge has a 100% interest in the project, subject to a 2% Net smelter return (NSR) on certain portions of the property. The Project is located in the Slave Structural Province within the Courageous Lake greenstone belt (CLGB), which is a steeply east dipping homocline sequence of metavolcanic and metasedimentary rocks of the Yellowknife Supergroup. Felsic volcanic rocks and their intrusive equivalents in the CLGB were derived from peraluminous, sub-alkaline magmas of calc-alkaline affinity. These felsic volcanic lithologies are the host of the FAT deposit. The property is a collection of mineral leases and mining claims that trend north-south along the approximately 54 kilometers length of the CLGB. The property includes the past gold producing properties of the Salmita mine operated by Giant Yellowknife Mines, and the Tundra mine operated by Royal Oak Mines.
Seabridge Gold Inc
106 Front St E Suite 400
TORONTO ON M5A 1E1