RE:RE:RE:RE:RE:RE:leakageTalking about the tunnels, SEA released an interesting PR on that regard this morning...
Seabridge receives KSM building permits from B.C.
2014-09-29 07:38 ET - News Release
Mr. Rudi Fronk reports
KEY CONSTRUCTION PERMITS ISSUED TO SEABRIDGE GOLD'S KSM PROJECT
Seabridge Gold Inc. has received early stage construction permits for its KSM project from the Province of British Columbia. The permits issued include: (1) authority to construct and use roadways along Coulter Creek and Treaty Creek; (2) rights-of-way for the proposed Mitchell-Treaty tunnels connecting project facilities; (3) permits for constructing and operating numerous camps required to support constructions activities; and (4) permits authorizing early-stage construction activities at the mine site and tailings management facility.Seabridge Gold Chairman and CEO Rudi Fronk commented: "We greatly appreciate the continuing support of the BC Government for the mining industry in general and our KSM Project in particular. The issuance of these construction permits affirms the value of early and extensive consultation with interested parties and the close collaboration that can be achieved among regulators and local communities. I would like to thank officials from the Ministry of Forests, Lands and Natural Resources Operations, the Ministry of the Environment, and the Ministry of Energy and Mines for their diligence and co-operation, as well as the Nisga'a Nation and First Nations who also made important contributions to finalizing these permits," said Fronk. "The granting of land tenure for the proposed Mitchell - Treaty tunnels is an especially important milestone for the project, as it awards to KSM the rights to a corridor connecting the project's two main areas -- the mine site and the tailings management facility," Fronk stated. The KSM Project has been undergoing a joint harmonized federal-provincial environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act and received its BC Environment Assessment Certificate on July 30, 2014. Seabridge expects to receive the final Federal decision in November, 2014.Seabridge holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada'sNorthwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and category please visit the Company's website at https://www.seabridgegold.net/resources.php.
All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
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