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Seabridge Gold Inc T.SEA

Alternate Symbol(s):  SA

Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's Golden Triangle, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. The KSM Project is an undeveloped gold project. Iskut is a 294 square kilometers property located approximately 20 kilometers (km) east of KSM. 3 Aces is a 314 square kilometer property located in southeastern Yukon. The project is a district-scale, orogenic gold project. Snowstorm is a 103 square kilometer property located at the intersection of three major Nevada gold belts. Grassy Mountain is its non-core asset.


TSX:SEA - Post by User

Post by TELEMARKERon Nov 26, 2024 12:24am
131 Views
Post# 36330424

stuckwatch.com

stuckwatch.com<p style="box-sizing: border-box; color: rgb(0, 0, 0); font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px;"> Not everyone had out the party hats and kazoos today. Rudi Fronk&#39;s&nbsp;<strong style="box-sizing: border-box;">Seabridge Gold Inc.</strong>&nbsp;(SEA) slid 81 cents to $20.26 on 188,000 shares on word that -- clear your throat and moisten your lips here -- the Tsetsaut Skii km Lax Ha, a local indigenous group claiming an extensive traditional territory in northwestern British Columbia, has petitioned the Supreme Court of British Columbia, seeking judicial review of the determination by the province&#39;s chief executive assessment officer that Seabridge&#39;s KSM Project has been &quot;substantially started&quot;.</p> <p style="box-sizing: border-box; color: rgb(0, 0, 0); font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px;"> So what, you ask? Well, the KSM project&#39;s environmental assessment certificate would have expired late in July, had the project not been deemed to have been substantially started -- a determination the bureaucrats made four days before the expiry date. Now, the certificate is no longer subject to expiry. The TSKLA are looking for a ruling that the province failed to fulfill in its duty to consult with the group, and so it wants a determination quashing the &quot;substantially started&quot; determination.</p> <p style="box-sizing: border-box; color: rgb(0, 0, 0); font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px;"> Earlier this year, Seabridge credited KSM with 384.2 million tonnes indicated at the Kerr deposit, grading 0.22 gram of gold and 1.2 grams of silver per tonne plus 0.41 per cent copper, along with 2.6 billion tonnes inferred at comparable grades. At the Iron Cap deposit, another 471 million tonnes are indicated and 2.3 million tonnes inferred at about 0.4 gram of gold and 2.8 grams of silver per tonne, along with 0.26 per cent copper. The products of the mammoth tonnages and tiny grades yield an impressive amount of metal -- over 60 million ounces of gold and over 400 million ounces of silver, along with an eye-popping 40 billion pounds of copper.</p>
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