Seabridge Gold Gets Approval for World’s Largest Undeveloped Gold-Copper Project

Seabridge Gold (TSX:SEA) announced that the Federal Minister of the Environment, the Honourable Leona Aglukkaq, has given a positive environmental assessment decision for Seabridge’s KSM project. She announced that the project “is not likely to cause significant adverse environmental effects when the mitigation measures described in the Comprehensive Study Report are taken into account.” The approval gives one of the largest undeveloped gold-copper reserves in the world the go-ahead.

As quoted in the press release:

The KSM Project underwent a joint harmonized federal-provincial environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act. This process began in March 2008 with the initiation of the provincial review; the federal review process commenced in July 2009. The provincial process concluded in July 2014 with the receipt of the BC Environmental Assessment Certificate.

Seabridge Gold chairman and CEO, Rudi Fronk, said:

With this positive decision, the Canadian Government has concluded its lengthy and rigorous environmental assessment process for the KSM Project, which began in 2009. I would like to thank Minister Aglukkaq for her decision and also acknowledge the professionalism of her technical team, led by the dedicated staff from CEAA, who were ably supported by representatives from Natural Resources Canada, including the Major Projects Management Office, Environment Canada, Fisheries and Oceans and Transport Canada. I would also like to acknowledge the continuing support of the Nisga’a Nation as well as the other First Nations and local communities whose involvement made substantial contributions to the achievement of this significant milestone. Finally, I want to thank the outstanding efforts made by our talented environmental and permitting team at Seabridge who deserve enormous credit for this accomplishment.

Click here to read the Seabridge Gold (TSX:SEA) press release