FEATURED PROJECT:
Focus on KSM
Seabridge is currently pressing ahead with key programs to enhance the value of its KSM project.
The KSM project is one of the five largest undeveloped gold projects in the world. Measured and indicated resources now total 38.9 million ounces of gold and 10.0 billion pounds of coppper.
Initiatives now being pursued:
- Drilling. Drilling in 2009 focused on the work required to upgrade remaining inferred resources in the proposed KSM mine plan. The results were incorporated in a new NI 43-101 compliant resource calculation which was released in January 2010.
- Project Engineering. The current objective is to complete a preliminary Feasibility Study for the end of Q1 2010. The KSM Preliminary Economic Assessment (PEA) completed in July 2009 estimated a 30 year mine life recovering more than 19 million ounces of gold at an average cash operating cost of negative US$51 per ounce and total costs of US$178 per ounce after base metal credits (see Executive Summary).
- Permitting. The planned two-year environmental base line program is nearing completion. The next major milestone in the permitting process will be the submission of an Environmental Assessment Application review by regulatory authorities in 2010.
Project Updates
KSM Update – January 6, 2010 (pdf)
10 min. video on the development concept for KSM – June 26, 2009
President's interview on Mitchell – March 12, 2009 (13 min. audio)
President's comments on KSM's Preliminary Economic Assessment – November 28, 2008 (6.5 audio)
President's comments on KSM metallurgical test results – September 8, 2008 (2 min. audio)
