NORTHWEST TERRITORIES – A new, independent resource model of SEABRIDGE GOLD’S 100%-owned Courageous Lake project has increased total ounces by 12% and grades by 15%. This good news follows Seabridge’s $2.9 million 2004 exploration program.
Using a 1.0 g/t Au cut-off, RESOURCE MODELING of Tucson, Ariz., estimated the deposit contains 3.04 million tonnes at 2.74 g/t Au in the measured category; 41.16 million tonnes at 2.47 g/t Au in the indicated category; and 65.50 million tonnes at 0.90 g/t Au in the inferred category.
The Courageous Lake deposit lies between the Ekati diamond mine and Con and Giant gold mines. Seabridge has engaged HATCH ASSOCIATES to write a scoping study taking the project to the pre-feasibility stage. For details, visit ww.SeabridgeGold.net.