You are here
'World's largest undeveloped gold project' hits milestone in northwest B.C
By Thom Barker
Ashcroft-Cache Creek Journal, Ashcroft, British Columbia, Canada
Wednesday, August 21, 2024
It has been a banner few weeks for Seabridge Gold lately in northwestern British Columbia.
In late July, the company announced the Environmental Assessment Office had designated its flagship KSM project as "substantially started," well in advance of its deadline.
The substantially started status makes the company's Environmental Assessment Certificate permanent. It has been set to expire in July 2026 if Seabridge had not achieved the designation.
... Dispatch continues below ...
... ADVERTISEMENT ...
USA Gold: Coins and Bullion Since 1973
USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
"This is a significant regulatory milestone for the KSM Project, positioning it to become a multigenerational economic anchor for northwestern B.C.," said Rudi Fronk, Seabridge chair and chief executive officer.
In a press release, the company said it has spent has spent more than $1 billion since acquiring the KSM Project in 2001, of which more than $800 million was to advance the project to substantially started after KSM's environmental assessment certificate was issued in July 2014.
The company claims that KSM, located 65 kilometres from Stewart, is the world's largest undeveloped gold property with 88.7 million ounces of measured and indicated gold plus 71.5 million ounces inferred. The deposit also holds 19.46 billion pounds of copper resources in the measured and indicated categories plus 38.5 billion pounds in the inferred category.
Seabridge estimates when the mine goes into production, it will operate for 52 years. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 20-23, 2024
https://neworleansconference.com/powellgata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
