Seabridge Gold

Iskut: CURRENT WORK

Seabridge intends to pursue three exploration objectives this year at a cost of about $3 million: enhancing understanding of the existing resource and its expansion potential; discriminating the best new deposit opportunities; and selecting a high priority gold-oriented target for concentrated follow-up next year. Approximately 3,000 meters of core drilling will be included in the summer program. Exploration expenditures for subsequent seasons will be results driven, with efforts focused on defining and delineating resources.

In conjunction with the exploration work plan, Seabridge is committed to spending an estimated $755,000 this summer on environmental work to ensure compliance with existing authorizations and to begin the evaluation and development of remediation programs required to mitigate the impacts of historical mining activity. This program will include a comprehensive evaluation of best practices for future remediation on the property drawing from the Seabridge environmental team’s experiences at KSM and other North America sites as well as engagement with the Tahltan First Nation and BC regulatory officials.