Grassy Mountain: HIGHLIGHTS
- Project 100% owned by Seabridge
- Potential for 90,000 ounce annual production at cash cost of $175 per ounce
- Acquisition cost less than $2 per ounce of resource
- Evaluation of development alternatives in progress
- Project similar to Crown Jewel purchased by Kinross for US$100 per ounce
- Holding costs US$65,000 per annu
- 43-101 Resource calculation of 924,000 indicated ounces and 61,000 inferred ounces (see May 1, 2007 news release)
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”).
