News & Reports: NEWS
2011 Drilling Upgrades and Grows Resources at Seabridge Gold's KSM Project
M & I Resources Now Total 49.0 Mil. Ounces of Gold, 12.7 Bil. Pounds of Copper, 261 Mil. Ounces of Silver and 304 Mil. ounces of Molybdenum
Wednesday, 8th February 2012
Toronto, Canada... Seabridge Gold announced today that a successful 2011 drill campaign at its 100%-owned KSM project has increased estimated measured and indicated gold resources by 3.7 million ounces and added another 0.5 million ounces in the inferred category. The updated, independent NI 43-101 compliant resource estimate, prepared by Resource Modeling Inc. ("RMI") of Stites, Idaho, will now be incorporated into a new Preliminary Feasibility Study ("PFS") on KSM scheduled for completion in April, 2012.
Seabridge Adds More Than 1 Million Ounces of M&I Gold Resources at Courageous Lake
Tuesday, 10th January 2012
Toronto, Canada...An updated mineral resource model for Seabridge Gold's 100%-owned Courageous Lake project in Canada's Northwest Territories has increased measured and indicated gold resources by 18% to nearly 8.0 million ounces. The independent NI 43-101 compliant resource estimate, prepared by Resource Modeling Inc. ("RMI") of Stites, Idaho, will now be incorporated into a Preliminary Feasibility Study ("PFS") on Courageous Lake scheduled for completion in May, 2012.
Seabridge Gold Appoints Vice President, Corporate Affairs
Thursday, 5th January 2012
Toronto, Canada...Seabridge Gold announced today that Bruce Scott has been appointed Vice President, Corporate Affairs of the Company. Bruce Scott (age 46) has practiced in the areas of corporate, securities and mining law for nearly 20 years and was a partner of DuMoulin Black LLP for 14 years. He has worked predominantly for mineral resource companies in the exploration and development stages and has worked on financings, business combinations and numerous property purchase, property option and joint venture transactions.
Toronto, Canada - Nine exploration holes drilled in 2011 at the Kerr deposit have returned some of the highest grades encountered to date at Seabridge Gold's 100%-owned KSM project in northwestern British Columbia. All nine of the core holes completed at Kerr (totaling 2,630 meters) intersected mineralization which is expected to add to resources and reserves and improve the project's economics.
Seabridge Gold Closes $27.4 Million Financing
Tuesday, 6th December 2011
Toronto, Canada - Seabridge Gold reported today that it has closed its previously announced $27.4 million financing consisting of one million flow-through common shares at an average price of $27.36 per share (a 20% premium to the closing price on the TSX on the day the financing was priced and announced). Stonecap Securities Inc. acted as lead agent on the financing and Stonecap Securities and Dahlman Rose & Company, LLC acted as financial advisors to the Company on this transaction.
Seabridge Gold Revises KSM Permitting Schedule to Accommodate Improved Design
Thursday, 1st December 2011
Toronto, Canada - Seabridge Gold reported today that it intends to file its application for permits on its 100% owned KSM project in the 3rd quarter of 2012 in order to reflect project design improvements now nearing completion. The design improvements will be incorporated into a new Preliminary Feasibility Study ("PFS") which is scheduled for completion in April, 2012. Located in northwestern British Columbia, KSM is Canada's largest undeveloped gold project.
New Gold Zone to Expand Seabridge's Courageous Lake Project
Tuesday, 29th November 2011
Toronto, Canada - New drilling results have confirmed a significant expansion of Zone 8 within Courageous Lake's multi-million ounce FAT deposit. Previous drilling on the relatively high-grade Zone 8 had generated only a small portion of the FAT deposit's measured and indicated resource.
Seabridge Gold Drill Results to Upgrade Resources and Increase Reserves at Sulphurets
Tuesday, 22nd November 2011
Toronto, Canada - Results from the final 14 exploration holes drilled this year at the Sulphurets deposit, part of Seabridge Gold's 100% owned KSM Project, support an expansion of reserves and improved overall project economics. Every one of the 34 core holes completed at Sulphurets this year (totaling 11,480 meters) intersected mineralization above the existing reserve's cut-off grade.
Toronto (Canada) - Seabridge Gold Inc. (TSX:SEA; NYSE-Amex:SA) (the "Company") announces that it has been advised by Stonecap Securities Inc. (the "Agent") that the previously announced marketed offering of flow-through common shares (the "Offering") has been fully subscribed for gross proceeds of $27.4 million.
Seabridge Announces Flow-Through Financing of up to $27.4 million
Monday, 14th November 2011
Toronto, Canada, November 14, 2011 - Seabridge Gold Inc. (TSX:SEA; NYSE-Amex:SA) (the "Company") announces that it has entered into an agreement with Stonecap Securities Inc. (the "Agent") for a best efforts offering of up to 1,000,000 flow-through common shares (the "Flow-Through Common Shares") from treasury of the Company at an average price of $27.36 per Flow-Through Common Share (a 20% premium to today's closing price on the TSX) for gross proceeds of up to $27.4 million (the "Offering"). Stonecap Securities Inc. and Dahlman Rose & Company, LLC are acting as financial advisors to the Company on this transaction.