News & Reports: NEWS
Toronto, Canada - Seabridge Gold Inc. ("Seabridge" or the "Company", NYSE:SA, TSX:SEA) announced today that Royal Gold, Inc. ("Royal Gold") has exercised its option (the "Share Option") to acquire, by way of private placement, C$18 million in Seabridge treasury shares at a 15% premium to the volume weighted average trading price of Seabridge shares on the TSX for the five day period ending December 11, 2012 as per the original agreement. The private placement consists of 1,004,491 Seabridge common shares at a price of C$17.92 each. There were no fees or commissions payable on this private placement.
Seabridge Gold Plans $15M Drill Campaign Targeting High-Grade at KSM
Program to Focus on Resource Estimate at Deep Kerr Core Zone Discovery. Three More Prospective High-Grade Core Zones Also Targeted in Next Year'
Wednesday, 12th December 2012
Toronto, Canada...Seabridge Gold today reported final results from its 2012 drill program designed to search for high-grade core zones underlying its very large KSM gold−copper project. The remaining hole at Deep Kerr provides strong confirmation that the Deep Kerr discovery has the potential for a very large tonnage of high−grade copper and gold mineralization; the hole reported long runs of elevated copper including 22 meters of 0.98%. Drilling also found three more targets with favorable markers characteristic of core zones (see attached map). The $15 million 2013 drill program to pursue these targets is expected to begin in June, 2013.
Seabridge Gold reported today that results from the final 10 holes drilled during the 2012 campaign on the Walsh Lake target at its 100%-owned Courageous Lake Project in Canada's Northwest Territories confirm the strike continuity of this high-grade gold discovery. The Walsh Lake zone now has a strike length of 850 meters and remains open to the north, up dip and at depth. An aggressive drilling program will begin this winter which is expected to result in an initial resource estimation later in 2013.
Seabridge Gold Closes $24.0 Million Financing
Wednesday, 21st November 2012
Toronto, Canada...Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the "Company") reported today that it has closed its previously announced $24.0 million bought deal financing consisting of 1.1 million flow-through common shares at an average price of $21.85 per share (a 20% premium to the closing price on the TSX the day before the financing was announced). The financing was arranged by a syndicate of underwriters, led by Stonecap Securities Inc. and including Macquarie Capital Markets Canada Ltd. and Cormark Securities Inc.
Third Quarter 2012 Financial Statements and MD&A Filed
Wednesday, 14th November 2012
Toronto, Canada...Seabridge Gold reported today that it has filed Financial Statements and its Management's Discussion and Analysis for the three and nine months ended September 30, 2012 on SEDAR (www.sedar.com). During the three month period ended September 30, 2012 Seabridge posted a net loss of $5.3 million ($0.12 per share) compared to a loss of $3.7 million ($0.09 per share) for the same period last year. During the 3rd quarter, Seabridge invested $17.2 million in mineral interests, primarily at KSM and Courageous Lake, compared to $9.7 million during the same period last year. At September 30, 2012, net working capital was $21.9 million compared to $57.0 at December 31, 2011.
Seabridge Gold Discovers Large, High-Grade Copper Zone at KSM
Drill Hole K-12-21 Intersects 473 Meters Grading 0.90% Copper and 0.31 gpt Gold. Kerr Depth Extension May Be 'Game-Changing' Core Zone Targeted in 2012
Thursday, 8th November 2012
Toronto, Canada...Seabridge Gold today reported the discovery of a very large and high-grade copper-gold zone below the Kerr deposit at its 100%-owned KSM gold-copper project located near Stewart, British Columbia, Canada. This discovery, named Deep Kerr, has the best metal values found to date at KSM, its grades and widths are improving with depth, the down dip potential remains wide open and it is favorably located for cost-effective exploitation.
Seabridge Reports Contractor Fatality in Avalanche at KSM Project
Wednesday, 24th October 2012
Seabridge regrets to report the accidental death of one of its contractors yesterday, in an avalanche near Seabridge's KSM Project located 65 kilometres northwest of Stewart, British Columbia.
Seabridge Arranges Flow-Through Financing of C$24.0 million
Thursday, 18th October 2012
Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the "Company") announces that it has entered into an agreement with a syndicate of underwriters, led by Stonecap Securities Inc. ("Stonecap") and including Macquarie Capital Markets Canada Ltd. and Cormark Securities Inc. (collectively, the "Underwriters"), whereby the Underwriters have agreed to purchase, on a bought deal basis, 1,100,000 flow-through common shares (the "Flow-Through Common Shares") of the Company at an average price of C$21.85 per Flow-Through Common Share (a 20% premium to yesterday's closing price on the TSX) for gross proceeds of C$24.0 million (the "Offering").
Seabridge Gold reported today that assay results from the next eight holes drilled on the Walsh Lake target at its 100%-owned Courageous Lake Project in Canada's Northwest Territories have substantially increased the size of this high-grade discovery. The Walsh Lake high grade zone now has a strike length of nearly 900 meters and remains open to the north, up dip and at depth. Results from another 10 holes drilled in this year's program are expected over the next several weeks.
Seabridge Gold Narrows Search for KSM High-Grade Core
First Pass Finds Two Prospective Targets; Drilling Continues
Thursday, 27th September 2012
Toronto, Canada...Seabridge Gold today reported encouraging initial results in its search for a high-grade core underlying its very large KSM gold-copper project, prompting Seabridge to expand and extend the current exploration drilling program. Two targets have generated drill results consistent with a possible core zone target. Drilling has also found additional zones of mineralization which are similar in style and grade to the known reserves.