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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | KSM | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Molybdenum | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing PEA | |
| Report details: | 19-9-2016: Seabridge Gold Inc. announces a Pre-Feasibility Study report for its KSM deposit at the KSM project. Updated PFS results incl. post-tax NPV (5%) of $1.5B, IRR of 8.0%, 6.8yr payback. TORONTO, Sept. 19, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold In | |
| Resources: | (Reserve, P+P): 2198Mt @ 0.55g/t Au, 0.21% Cu, 2.6g/t Ag, 42.6ppm Mo at project | |
| CP/QP: | [Resources]: Michael Lechner (Resource Modeling Inc.) | |
| ABSTRACT: | TORONTO, Sept. 19, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today the results of an updated Preliminary Feasibility Study (the “2016 PFS”) for its 100% owned KSM project located in northern British Columbia, Canada. The 2016 PFS incorporates many design improvements over the 2012 PFS and the updated financial projections confirm that KSM is an economic project at current metal prices. The 2016 PFS was prepared by Tetra Tech, Inc. (“Tetra Tech”), the firm that had also authored the 2012 PFS. The NI 43-101 Technical Report will be filed at www.sedar.com. The 2016 PFS results released herein do not include material from recent higher-grade discoveries at Deep Kerr and Iron Cap Lower Zone which are expected to have a positive impact on project economics. An analysis of the integration of these deposits into the proposed project design will be included as a Preliminary Economic Assessment (“PEA”) forming part of the NI 43-101 Technical Report. Results of this PEA level analysis will be finalized and released shortly. As background, in 2012 Seabridge completed a Preliminary Feasibility Study (the “2012 PFS”) that was used as the basis for submitting its application for an Environmental Assessment (“EA”). The KSM Project received its environmental assessment approvals from the provincial and federal governments in July and December 2014, respectively. The approvals were granted after a rigorous joint harmonized federalprovincial EA review and both decisions concluded that the KSM Project would not result in significant adverse effects. Subsequent to the 2012 PFS, Seabridge continued exploration activities at KSM which led to the discovery of the higher-grade Deep Kerr and Lower Iron Cap deposits. | |
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