Agoracom Blog

Seabridge Gold Increases Resources To 34.5M ozs Gold, 8.5B lbs Copper

Posted by AGORACOM at 9:47 AM on Wednesday, March 25th, 2009

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 2nd qtr 2009

Recent News

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

Seabridge Gold Profile

Seabridge Gold IR Hub

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


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