RE: there must be more...... ...and more Seabridge connections at King's River, this is from the 6-30-12 MD&A, see underlined parts for newer, relevant info:
"On March 29, 2011, the Company signed a Letter Agreement for a 100% purchase option of the Kings River Project, which is located to the north of the Sleeper Mine, Nevada, within a belt of epithermal gold systems related to Miocene bi-modal volcanism.
The King’s River Project is optioned from Seabridge Gold Inc. (“Seabridge”) and consists of 44 unpatented mineral claims, (900 acres or 356 hectares), lying approximately 35 miles (60 km) north of the Sleeper Mine, in Humboldt County, Nevada. The terms of the letter agreement with Seabridge allow ICN, or a subsidiary, to acquire 100% of the claims over a 12 month period, subject to a retained 1.0% NSR on gold and silver reserved for the benefit of Seabridge. Initial payment calls for the issuance of 100,000 ICN shares with a final payment of US$100,000 cash and the further issuance of 150,000 ICN shares on or before 12 months from the date of TSX Venture Exchange acceptance of the transaction. TSX Venture Exchange approval was received on May 30, 2011 and subsequent to that the Company issued 100,000 common shares to Seabridge.
On May 21, 2012, the letter agreement was amended, whereby both parties mutually agreed to postpone the first anniversary $100,000 cash payment for six (6) months to November 2012. On May 24, 2012, the Company issued 150,000 shares at a value of $13,500 and granted Seabridge an additional 1/2% NSR on all claims.
The King’s River Project consists of an untested epithermal volcanic system, occurring along a splay of the Northern Nevada Rift. Tertiary volcanic rocks of a Miocene flow-dome complex crop out along the range front fault zone. Sub-volcanic rhyodacite intrudes breccia bodies formed in the pre-Tertiary basement rocks that are hydrothermally altered, quartz veined, and contain anomalous gold and silver mineralization. Geophysics, geochemical sampling, and geological mapping will be used to target areas and structures concealed by shallow alluvial cover where bimodal volcanic rocks similar to those found at Sleeper exist.
Soil sampling and geological mapping was conducted late in 2011, and an additional 40 claims were staked to enlarge the range front target area. ICN is currently seeking a Joint Venture partner for the project."