Seabridge Reports Major New Gold/Copper Resource at KSM’s Iron Cap Zone

- February 8th, 2011

An independent mineral resource model for Seabridge Gold’s Iron Cap Zone estimates a new indicated resource containing 5.1 million ounces of gold and 1.7 billion pounds of copper immediately adjacent to the Mitchell deposit.

An independent mineral resource model for Seabridge Gold’s (TSX:SEA) Iron Cap Zone  estimates a new indicated resource containing 5.1 million ounces of gold and 1.7 billion pounds of copper immediately adjacent to the Mitchell deposit.

The press release is quoted as saying:

The Iron Cap resource has exceeded our expectations. Our objective was to book a five million ounce gold resource in all categories. In fact, we have achieved more than five million ounces of indicated resources with a superior copper grade which should help us optimize mine plans to maintain a favorable copper head grade. We expect that most of the indicated resource should qualify as reserves in our new PFS and improve the economics for the KSM project.

Click here to assess the entire press release:

http://www.marketwire.com/press-release/Seabridge-Reports-Major-New-Gold-Copper-Resource-at-KSMs-Iron-Cap-Zone-TSX-SEA-1391931.htm

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