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Seabridge owns a 100% interest |
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Drilling by previous operators totaled 256,000 feet |
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Independent feasibility studies completed by previous owners (see news release of December 18, 2001) |
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Independent remodeling confirms 1.7 million ounce resource in measured and
indicated categories plus an additional 1.0 million ounces of gold in the inferred category (see news release of April 17, 2002)
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Significant exploration potential particularly of high grade feeder zones |
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Quincy Energy Group (formerly Quincy Resources) exploring for feeder zones outside existing deposit.
Quincy has the option to earn 50% interest in the property excluding the existing resource |
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Holding costs US$10,000 per annum |
