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An independent resource
analysis dated October 5, 2000 by Bikerman Engineering
& Technology Associates, Inc., commissioned
by Seabridge identifies a measured and indicated
gold resource of 12.38 million tonnes at an average
grade of 0.54 grams of gold per tonne (215,000
ounces), based on 139 drill holes. Bikerman
Engineering estimated an additional 7.95 million
tonnes at 0.37 grams of gold per tonne (93,000
ounces) in the inferred category. The new
resource model is a computerized 3-D block model
employing Medsystem software and was constructed
using an inverse distance cubed interpolation
procedure, capping the higher grade values within
each rock type, limiting the search by rigid geologic
boundaries and reported at a cut-off grade of
0.25 grams of gold per tonne. A separate
geologic review of the project by Seabridge has
also identified 3 distinct new targets that could
result in a significant increase in gold resources.
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