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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 fordsteron Oct 18, 2024 11:36am
103 Views
Post# 36271720

Thanks MarcusA for the reference

Thanks MarcusA for the reference The LoO refers to Sec. 50 of the Land Act and it says

"Exceptions and reservations 

50  
(1) 
A disposition of Crown land under this or another Act

(a) excepts and reserves the following interests, rights, privileges and titles:

i) a right in the government, or any person acting for it, to resume any part of the land that is deemed to be necessary by the government for making roads, canals, bridges or other public works, but not more than 1/20 part of the whole of the land, and no resumption may be made of any land on which a building has been erected, or that may be in use as a garden or otherwise;

ii) a right in the government, or any person acting for it or under its authority, to enter any part of the land, and to raise and get out of it any geothermal resources, fossils, minerals, whether precious or base, as defined in section 1 of the Mineral Tenure Act, coal, petroleum and any gas or gases, that may be found in, on or under the land, and to use and enjoy any and every part of the land, and its easements and privileges, for the purpose of the raising and getting, and every other purpose connected with them, paying reasonable compensation for the raising, getting and use."

Now, I never studied law, and very often I am surprised how different law-people view texts and the world, but to me this clearly is at odds with what SEA in their PR and Rudy say and also with what some spin doctors post here, espicially when they claim that SEA can do whatever they want until TUD has a buisness plan, a PEA and so on. (ii) even mentions minerals that "may be found". Recall that TUD's disvoveries are still open in all directions... 
So, these "claims" are nothing but whishful thinking masquarading as an "argument". Wrong premesis.

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