BRITISH COLUMBIA – Toronto-based SEABRIDGE GOLD has filed a project description of its Kerr-Sulphurets-Mitchell (KSM) property near Stewart with the B.C. government. Included in the description is an indicated resource of 1.015 billion tonnes grading 0.61 g/t Au and 0.24% Cu for all three deposits. The inferred estimate is 752.4 million tonnes at 0.59 g/t Au and 0.18% Cu (cutoff 0.50 g/t AuEq).
The amount of contained metal in the combined resources is huge – 34 million oz of gold and over 8 billion lb of copper.
Seabridge is planning a large-tonnage open pit operation of 80,000 to 120,000 t/d of ore feeding a conventional flotation mill that will produce a gold-copper-silver concentrate. The concentrate might be trucked or piped to the nearby port of Stewart, B.C.
With the environmental assessment review underway, the company says the permitting and licensing process is expected to take three years.
The project description report may be read at http://a100.gov.bc.ca/appsdata/epic/documents/p322/1209396840189_8e248a8d30d9c69d64febcf2407aab1ecb72483d1ec1.pdf.