Profile: Seabridge Gold Inc (SA.N)
7 Mar 2014
Seabridge Gold Inc. (Seabridge), incorporated on September 14, 1979, is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2011, the Company held six 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. Its projects include KSM (Kerr-Sulphurets-Mitchell), Courageous Lake, Pacific Intermountain Gold, Grassy Mountain, Red Mountain, Quartz Mountain, Castle Black Rock and Other Nevada projects.
The KSM project consists of two contiguous claim blocks in the Iskut-Stikine region in British Columbia, approximately 20 kilometers southeast of the Eskay Creek Mine. The KSM property is located in the Iskut-Stikine River region in the mountainous terrain of north-western British Columbia, approximately 65 kilometers north-northwest of Stewart, British Columbia and 21 kilometers south-southeast of the Eskay Creek Mine. On February 9, 2011 the Company completed the acquisition of a further 16 mineral legacy claims adjacent to claims held by the Company from 0892597 B.C. Ltd. The KSM property consists of three discontinuous claim blocks. These claim blocks are referred to as the KSM claim group, the Seabee/Tina claims, and the KSM placer claim block. The first two claim blocks (KSM and Seabee/Tina) contain 115 mineral claims, consisting of both cell and legacy claims. The three claim blocks cover a total area of approximately 44,120 hectares.
The Courageous Lake project is a gold project covering approximately 81,700 acres located in the Northwest Territories, Canada. Seabridge has a 100% interest in the project. The project is located approximately 240 kilometers northeast of Yellowknife in the Northwest Territories. The property consists of 59 mining leases and 11 mining claims having a combined area of 33,051.56 hectares.
As of December 31, 2011, the Company owned 100% interest in Grassy Mountain. The Grassy Mountain Property covers approximately 6.7 square miles or 4,300 acres, and is located approximately 22 miles southwest of Vale, Oregon. The Red Mountain project is situated in northwestern British Columbia near the town of Stewart, 880 kilometers northwest of Vancouver and 180 kilometers north of Prince Rupert. The Quartz Mountain property is located in the Fremont National Forest, Bly Ranger District of south central Oregon about 48 kilometers (30 miles) west-northwest of the town of Lakeview along Oregon State Highway 140. The Castle/Black Rock project is located in Esmeralda County, Nevada, off the flank of the Monte Cristo Mountain Range in the southwest part of the Big Smokey Valley.
Seabridge Gold Inc
Suite 400, 106 Front Street East
TORONTO ON M5A 1E1