KSM (Kerr-Sulphurets-Mitchell): HIGHLIGHTS
- A new 43-101 compliant resource calculation, released in January 2010, raised estimated measured and indicated resources to 38.9 million ounces of gold and 10.0 billion pounds of copper (see January 26, 2010 news release for details).
- A Preliminary Feasibility Study (PFS) released March 31, 2010 estimated proven and probable reserves at 30.2 million ounces of gold, 7.0 billion pounds of copper, 133 million ounces of silver and 210 million pounds of molybdenum (see March 31, 2010 news release for details).
- A new NI 43-101 compliant resource calculation, released in February, 2011, estimated measured and indicated at 45.3 million ounces of gold, 11.9 billion pounds of copper, 256 million ounces of silver and 291 million pounds of molybdenum (see Reserves/Resources)
- An updated PFS released May 2, 2011 increased estimated proven and probable reserves to 38.5 million ounces of gold, 10.0 billion pounds of copper, 214 million ounces of silver and 257 million pounds of molybdenum (see table).
- Updated PFS estimates a 52 year mine life.
- Updated PFS estimates life of mine Base Case operating costs per ounce of gold of US$231 net of base metal credits (see news release and Executive Summary).
All disclosure of a scientific or technical nature 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.
