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Seabridge Gold Inc.

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Summary

Project:

KSM

Deposit:Deep Kerr
Location:Canada
Commodities:Gold-Silver-Copper
Date:2/16/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing PEA
Report details:16-2-2017: Seabridge Gold Inc. announces a Resource Estimation report for its Deep Kerr deposit at the KSM project. Updated mineral resource estimate for Deep Kerr deposit. Seabridge Gold Inc. announced today an updated independent mineral resource estima
Resources:(Resource, Inf.): 1921Mt @ 0.31g/t Au, 0.41% Cu, 2.1g/t Ag, 24ppm Mo at Deep Kerr
CP/QP:[Resources]: Michael Lechner (Resource Modeling Inc.)
ABSTRACT:Seabridge Gold Inc. announced today an updated independent mineral resource estimate for the Deep Kerr Deposit at its 100%-owned KSM Project in northwestern British Columbia, Canada. The new inferred resource now totals 1.92 billion tonnes grading 0.41% copper and 0.31 g/T gold (containing 19.0 million ounces of gold and 17.3 billion pounds of copper) constrained by conceptual block cave shapes. The updated resource estimate represents an increase of 3.0 million ounces of gold and 2.1 billion pounds of copper over last year’s inferred resource estimate which was incorporated into the updated National Instrument 43-101 Technical Report on KSM announced on September 19, 2016. Seabridge Chairman and CEO Rudi Fronk noted that “the resource additions at Deep Kerr fall within a conceptual mine plan that supports cost-effective block-cave underground mining methods. The estimate has been constrained by this mining method. As the deposit grows year by year, it provides us with further opportunities for economic optimization including increased production rates and higher cut-off grades if we need them. You can see the upward trend of projected economics in the new Technical Report we released last year. The Technical Report contains a Preliminary Economic Assessment incorporating the inferred Deep Kerr resource into the KSM project and the positive economic impact is striking. This year’s resource additions likely mean further enhancements to the project’s economics,” Fronk said.

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