Trading Symbols:
TSX: SEA
NYSE: SA
TORONTO,
June 23, 2014 /PRNewswire/ -
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 develops.
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
"Rudi Fronk"
Chairman & CEO
SOURCE Seabridge Gold Inc.