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Seabridge Gold Inc.
Summary
| Project: | KSM | |
|---|---|---|
| Deposit: | KSM | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing PEA | |
| Report details: | 4-11-2016: Seabridge Gold Inc. announces a PEA report for its KSM deposit at the KSM project. Updated PEA results incl. post-tax NPV (5%) of $3.263B, IRR of 10.4%, 6.0yr payback. Toronto, Canada – Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today th | |
| Resources: | (Reserve, P+P): 2.2Bt @ 0.55g/t Au, 0.21% Cu, 2.6g/t Ag, at project | |
| CP/QP: | [Resources]: Michael Lechner (Resource Modeling Inc.) | |
| ABSTRACT: | Toronto, Canada – Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today the results of a Preliminary Economic Assessment (the “PEA”) for its 100%-owned KSM project located in northern British Columbia, Canada. Unlike the updated Preliminary Feasibility Study (the “2016 PFS”) announced on September 19, 2016, the PEA takes a different approach to developing the KSM Project by incorporating the Deep Kerr Zone and the Iron Cap Lower Zone into a conceptual project design. The PEA was prepared by Amec Foster Wheeler. An NI 43-101 Technical Report summarizing the results of the PEA, as well as the 2016 PFS, will be filed at www.sedar.com. The 2016 PFS incorporated KSM’s Measured and Indicated Mineral Resources into mine plans generating Proven and Probable Mineral Reserves of 2.2 billion tonnes grading 0.55 grams per tonne gold, 0.21% copper and 2.6 grams per tonne silver (38.8 million ounces of gold, 10.2 billion pounds of copper and 183 million ounces of silver). (For details see http://seabridgegold.net/News/Article/626/) The 2016 PFS could not include the higher grade resources delineated at Deep Kerr and the Iron Cap Lower Zone as they are in the Inferred Mineral Resources category which cannot be considered as Mineral Reserves required for inclusion in a PFS. The PEA was undertaken to evaluate a different approach to developing the KSM Project by emphasizing low cost block cave mining and reducing the number and size of the open pits, which significantly reduces the surface disturbances in the re-designed project. The PEA assesses the potential impacts of incorporating these inferred resources into project design, capital and operating cost estimates and projected economics. The results of the 2016 PFS remain valid and represent a viable option for developing the KSM project, with the PEA assessing an alternative development option at a conceptual level. | |
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