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Highlights
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Project 100% owned by Seabridge |
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Potential for 90,000 ounce annual production at cash cost of $175 per ounce |
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Acquisition cost less than $2 per ounce of resource |
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Evaluation of development alternatives in progress |
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Project similar to Crown Jewel purchased by Kinross for US$100 per ounce |
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Holding costs US$65,000 per annum |
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43-101 Resource calculation of 924,000 indicated ounces and 61,000 inferred ounces (see May 1, 2007 news release) |
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All
disclosure of a scientific or technical nature in
this Annual Information Form in respect of the Grassy
Mountain Project, other than the resource estimate
calculated by Pincock Allen & Holt, was prepared
by, or under the supervision of William E. Threlkeld
(Licensed Registered Geologist #790 in the State
of Washington), a Vice President of Seabridge.
Mr. Threlkeld is a “qualified person” under National
Instrument 43-101 of the Canadian Securities Administrators
(“NI 43-101”). |
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