TORONTO, June 23, 2014 /CNW/ - Seabridge Gold reported today that it has
entered into an agreement with the Gitanyow Wilps represented by the
Gitanyow Hereditary Chiefs Office (the "Gitanyow Huwilp") in respect of
Seabridge Gold's KSM Project, located in northwest British Columbia.
Under the agreement, Seabridge agrees to provide funding for certain
programs relating to wildlife, fish and water quality monitoring to
address some of the concerns raised by the Gitanyow Huwilp, as well as
for a committee to establish a means of maintaining communications
about KSM Project related issues.
Seabridge Chairman and CEO Rudi Fronk comments that:
"The Gitanyow, whose territory is downstream of the KSM Project, sought
certainty that their lands and resources would be protected. Through
this agreement, Seabridge is providing a mechanism to monitor the
potential impacts of the Project on their resources, which we believe
will give greater comfort that the KSM Project will perform as
projected, and will assist the Gitanyow Huwilp in their efforts to
maintain and improve wildlife and fish populations in the region that
might be impacted by the Project. While we believe we have effectively
addressed these issues in the project design, we also understand and
respect the concerns of the Gitanyow Huwilp. Having addressed these
matters in this agreement, we are pleased to have been able to achieve
greater certainty for the Project."
On the basis of this certainty, the Gitanyow Huwilp and Seabridge hope
to build a respectful and productive relationship as the KSM Project
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.
ON BEHALF OF THE BOARD
Chairman & CEO
SOURCE: Seabridge Gold Inc.
For further information:
Rudi P. Fronk, Chairman and CEO
Tel: (416) 367-9292 • Fax: (416) 367-2711