Profile: Seabridge Gold Inc (SA.N)
19 Aug 2014
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 Its resource base includes gold, copper and silver. The Company’s principal projects are located in Canada. Seabridge has five wholly owned subsidiaries: Seabridge Gold (NWT) Inc., Seabridge Gold Corporation, Pacific Intermountain Gold, Corporation, 5555 Gold Inc. and 555 Silver Inc. It owns five properties with gold resources and its material properties are its KSM Project and its Courageous Lake Project. Seabridge holds a 100% interest in each of its properties, however, each of the Quartz Mountain, Red Mountain and Castle Black Rock projects are subject to option agreements under which the optionee may acquire a 100% interest in such project.
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. 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 117 mineral claims. The total area of the first two claim blocks is 40,455.3 hectares. The Seabee/Tina claim block is about 19 kilometers northeast of the KSM claim group. The KSM claim group includes: 30 contiguous mineral cell claims covering an area of 6,726.42 hectares within which the mineral deposits lie; 16 mineral BJ claims covering approximately 6,225 hectares within which certain infrastructure for the proposed mining operation would lie; 18 mineral New BJ claims covering approximately 6,026.2 hectares that are adjacent to the BJ claims.
The Seabee/Tina claims include 47 mineral cell claims (Seabee Property) and six mineral claims (Tina Property), covering approximately 21,478 hectares, that are located about 19 kilometers northeast of the KSM property where certain of the KSM Project’s proposed processing plants and tailings storage would be located. The KSM placer claims include 29 placer cell claims covering an area of 11,678 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 62 federal mining leases, 26 federal mining claims and one optioned federal mining lease having a combined area of 124,189.9 acres. Seabridge has a 100% interest in the project. The Project is located in the Slave Structural Province within the Courageous Lake greenstone belt (CLGB). The Courageous Lake Property is located 240 kilometers northeast of Yellowknife Northwest Territories, Canada and is approximately 124,190 acres.
Seabridge Gold Inc
Suite 400, 106 Front Street East
TORONTO ON M5A 1E1