Trading Symbols:
TSX: SEA
NYSE:
SA
TORONTO, Aug. 4, 2015 /PRNewswire/ - Seabridge Gold
announced today that it has successfully completed a pilot plant
evaluation of a new process for the removal of selenium from waters
from Seabridge's wholly-owned KSM Project located in northwestern
BC. The pilot plant was constructed and operated by BioteQ
Environmental Technologies, Inc. ("BioteQ") an independent
Vancouver, BC based company, using
their patent-pending Selen-IXTM treatment technology. In
doing so, Seabridge satisfied a key condition of the BC
Environmental Assessment Certificate issued on July 30, 2014 which required completion of the
pilot plant test within one year of issuance of the
certificate.
Seabridge Gold Chairman and CEO Rudi
Fronk, stated that "successful completion of the pilot plant
test achieves a further milestone in KSM's ongoing transition from
exploration to development. The success of the pilot plant confirms
the technical feasibility of the treatment technology that was
proposed during the recently completed KSM environmental assessment
review process. The results provide further evidence that KSM has
been designed to operate in an environmentally responsible
manner."
BioteQ President & CEO, David
Kratochvil said "we are extremely pleased with the
successful demonstration of our Selen IXTM
treatment technology to reduce selenium concentrations to 1
ppb using water extracted from the KSM project site. The completion
of this pilot plant further supports our business development
efforts by emphasizing our commitment and capabilities in
technology development in strategic areas of the overall mine water
treatment market, including for those projects situated within
BC."
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 mineral reserves and resources of the Company
and the potential economic benefits of the Project 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.
