Trading Symbols:
TSX: SEA
NYSE: SA
TORONTO, Sept. 29, 2014 /CNW/ - Seabridge Gold announced
today that it has received early-stage construction permits for its
KSM Project from the Province of British
Columbia. The permits issued include: (1) authority to
construct and use roadways along Coulter Creek and Treaty Creek;
(2) rights-of-way for the proposed Mitchell-Treaty tunnels
connecting project facilities; (3) permits for constructing and
operating numerous camps required to support constructions
activities; and (4) permits authorizing early-stage construction
activities at the mine site and tailings management facility.
Seabridge Gold Chairman and CEO Rudi
Fronk commented: "We greatly appreciate the continuing
support of the BC Government for the mining industry in general and
our KSM Project in particular. The issuance of these construction
permits affirms the value of early and extensive consultation with
interested parties and the close collaboration that can be achieved
among regulators and local communities. I would like to thank
officials from the Ministry of Forests, Lands and Natural Resources
Operations, the Ministry of the Environment, and the Ministry of
Energy and Mines for their diligence and co-operation, as well as
the Nisga'a Nation and First Nations who also made important
contributions to finalizing these permits," said Fronk.
"The granting of land tenure for the proposed Mitchell – Treaty
tunnels is an especially important milestone for the project, as it
awards to KSM the rights to a corridor connecting the project's two
main areas -- the mine site and the tailings management facility,"
Fronk stated.
The KSM Project has been undergoing a joint harmonized
federal-provincial environmental assessment review as outlined by
the British Columbia Environmental Assessment Act and the Canadian
Environmental Assessment Act and received its BC Environment
Assessment Certificate on July 30,
2014. Seabridge expects to receive the final Federal
decision in November, 2014.
Seabridge holds a 100% interest in several North American gold
resource projects. The Company's principal assets are the KSM
property located near Stewart, British
Columbia, Canada and the Courageous Lake gold project
located in Canada's Northwest Territories. For a breakdown of
Seabridge's mineral reserves and resources by project and category
please visit the Company's website at
http://www.seabridgegold.net/resources.php.
All reserve and resource estimates reported by the
Corporation were calculated in accordance with the Canadian
National Instrument 43-101 and the Canadian Institute of Mining and
Metallurgy Classification system. These standards differ
significantly from the requirements of the U.S. Securities and
Exchange Commission. Mineral resources which are not mineral
reserves do not have demonstrated economic viability.
This news release includes certain forward-looking statements
or information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements regarding the approval of the KSM Project at the Federal
level in November, 2014 and mineral reserves and resources of the
Company are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's plans or expectations include
regulatory issues, market prices, availability of capital and
financing, general economic, market or business conditions,
timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman & CEO
SOURCE Seabridge Gold Inc.