AGORACOM Blog

Our client Seabridge Gold just continues to increase both its resources and share price.  Today, the company issued a news release that once again increased its resource counts at the KSM project which, according to the company, is one of the world’s largest undeveloped gold/copper projects.

I’ve provided the highlight data below but President and CEO Rudi Fronk sums it up in this following quote:

“Measured and indicated mineral resources for the KSM project now stand at
1.82 billion tonnes containing 34.5 million ounces of gold and 8.5 billion pounds
of copper. In the inferred category, resources for KSM now total 746 million tonnes containing 12.1 million ounces of gold and 2.8 billion pounds of copper.

We will now update the mine plans in our 2008 Preliminary Assessment to include
these new resource estimates which should add mine life beyond the previous
estimate of 30 years. We may also see the Sulphurets pit connect with the Mitchell
pit due to the resource increases in each of these zones.”

Highlights from press release include:

• New Resources Estimate for Sulphurets Zone Increases Gold Ounces to 2.021 Million with 520 Million Pounds of Copper
• New Resource Estimate for Kerr Zone to 1.666 Million Ounces and 2.036 Million Pounds of Copper
• Updated Mine Plan anticipated to extend life of mine beyond Preliminary Assessment of 30 years sometime in 2^nd qtr 2009

Recent News

Seabridge Gold Reports Major Expansion of Mitchell Resource; 30M Oz Gold – March 11, 2008

Seabridge Gold Profile

Seabridge Gold IR Hub

Congrats to Rudi and his team.  Keep it going gents.

Regards,
George

In 2008 New Dawn Mining (ND: TSX) produced 8,651 oz of gold and generated $US 7.48 million in sales.

An emerging gold exploration company with one producing mine, New Dawn is concentrating its exploration and mine development efforts on gold projects in Zimbabwe, and South Africa. The company retains an NI 43-101 compliant resource of 977,819 oz. (3.9-5.0 g/t) gold reserves, with additional inferred mineral resources of 347,600 oz. (5.1g/t) gold.

Symbol: ND-TSX / Shares Outstanding: 29,015,000 / Market Cap: $14.5M

On February 26th, New Dawn Mining announced:

New Dawn’s Turk Mine Moves from Care and Maintenance to Mine Development

• Its 100% owned Turk Mine in Zimbabwe is moving from care and maintenance to active mine development. The decision by management came as a result of the recent positive changes to the Monetary Policy in Zimbabwe made by the Reserve Bank of Zimbabwe, whereby gold producers can both market and sell their gold directly and that they are able to retain 92.5% of their gold sales in foreign exchange.

• Subject to the full implementation of the recent changes in the Monetary and Fiscal regime in Zimbabwe, in due course New Dawn anticipates moving into a full mining mode

Increasing Resource Growth

Evolving Gold Corp. is featured on the Technical Corner. Rattlesnake Hills assay results for the first nine holes reveal an intersection of 2.92 Grams/Tonne gold over 146 Meters and 2.74 Grams/Tonne gold over 131 meters. The company currently has $17.5 Million in the treasury. The Evolving Gold management team has over 200 years of collective experience. Click on image below to be taken directly to the presentation.

Link to hub

Good day to you all.  With gold now having broken through resistance at $940, sliding past $1,000 appears imminent. If you subscribe to this theory and looking for some great junior gold stories, have a look at the following AGORACOM clients.  Assume we are horribly conflicted and let me know if the numbers speak for themselves:

Its wholly-owned Kenville Gold Mine property is ranked the 26th largest gold producer in British Columbia history. The Company recently announced the discovery of 4 new gold veins with intercepts up to 26.6 g/t Au, 40.2 g/t Ag. This newly discovered high grade gold vein system, which can be traced for at least 700 metres, represents a potential new gold + silver resource on the Kenville property.

Link to hub

The company currently has $17.5 Million in the treasury. Hole RSC-003 recently intersected 2.92g/t gold over 146m. The Evolving Gold management team has over 200 years of collective experience.

Link to hub

Focused on upgrading resources to reserves and complete a mine development at El Valle in northwestern Spain. The estimated resources for El Valle/Carles resources as of January 20th, 2009 are as follows:

[Measured Indicated & Inferred] 2,237,000 Ounces Gold; 190 million pounds Copper (13.7Mt@5.1g Au/t and 0.63% CU; Scoping Study Now Available.

Link to hub

Company has cash in the bank ($10M financing Q3/08), a current drill program of 30,000m, upcoming resource calculation Q1/09 and scoping study Q2/09. Recent intersections include 31.08 Metres of 16 g/t gold equivalent.

Link to hub

Northern Star Mining’s crown jewel, the Midway property, is an advanced gold project located in the Abitibi Gold Belt in Quebec. Recent results include: 2.54oz/t Over 15.74 Ft on significant new Midway gold discovery

Link to hub

NI 43-101 compliant resource estimate with 372,900 Oz gold indicated and 321,800 Oz gold inferred. The Brookbank property is located in the prolific Beardmore-Geraldton Greenstone Belt and is one of the largest undeveloped resources of northern Ontario.

Link to hub

Seven new gold bearing veins were discovered on the Golden Extension in Northwestern Ontario. The Golden Extension reported channel results of up to 136.5 g/t gold and is believed to be the northwest extension of Kodiak’s Golden Mile.

Link to hub

Company has over $30 million cash, an NI 43-101 resource estimate of 19.7 million ounces of gold indicated and 14.3 million ounces of gold inferred. Seabridge owns 100% of the KSM project in British Columbia, one of the world’s largest undeveloped gold deposits. Seabridge was added to the S&P Global Gold and S&P Global Mining Index.

Link to hub

Shoreham recently intercepted 1.15g/t Au over 215m at its majority-owned Marudi Mountain Gold Project in Guyana and up to 209.5 g/t Au across an 80 cm vein at their Black Banana property, also in Guyana.

Link to hub

Regards,
George

• Measured and indicated resources under NI 43-101 stand at 27.8 million ounces of gold and 5.3 billion pounds of copper.
  




• Inferred resources total another 22.1 million ounces of gold and 2.9 billion pounds of copper. Programs are underway to increase resources and upgrade inferred resources to indicated.

Dahlman Rose & Co. Initiates Coverage on Seabridge Gold Inc.

Adam P. Graf, CFA Director of Equity Research states, “Seabridge Gold Inc. has among the largest gold resource bases of any pre-producer, while maintaining a low share count and no debt. In addition, the vast majority of gold resource is contained in two large, long-lived assets. This awards Seabridge not only with strong optionality for the gross value of its assets, but high leverage on an ounce-per-share basis.”

Per Share Gold Leverage for Select Emerging Miners

DISCLOSURE: Seabridge Gold Is An AGORACOM Client. Investors are urged to read the complete research report to properly assess risks and rewards.

Evolving Gold (EVG:TSX-V)
0.34 +0.04 (13.33%), Vol. 365,800
Click here to access the Evolving Gold IR Hub

The 411: The company currently has $18 Million in the treasury. Hole RSC-003 recently intersected 2.92g/t gold over 146m. The Evolving Gold management team has over 200 years of collective experience.

____________________________________

Northern Star Mining (NSM:TSX-V)
0.54 +0.06 (13.68%), Vol. 187,389
Click here to access the Northern Star Mining IR Hub

The 411: Northern Star Mining’s crown jewel, the Midway property, is an advanced gold project located in the Abitibi Gold Belt in Quebec. Recent results include: 2.54oz/t Over 15.74 Ft on the significant new Midway gold discovery

We are seeing a meaningful shift into junior gold companies with solid projects, management and cash.  This should not come as a surprise to AGORACOM members who heard us make this call in Q4.  Bad juniors are dead and buried (good riddance) – but a lot of money is flowing into the quality juniors.

Stay tuned folks. This next 18 months may be a hell of a ride.

Regards,
George