Resource World Magazine

a u g u s t / s e p t e m b e r 2 0 1 6 www.resourceworld.com 9 the Kings 65 km north of Stewart. Proven and probable mineral reserves (as of June, 2014) were 6.9 million ounces based on 13.6 million tonnes grading 15.7 g/t. Nearby grassroots exploration and in- fill underground drilling is expected to expand the reserve base of the project. Construction is in progress with com- mercial production scheduled for Q3 2017. In addition, Pretium has the nearby Snowfield Project that hosts a gold-rich copper porphyry deposit with measured and indicated resources of 25.9 million ounces of gold, 75.8 million ounces of silver and 2.98 million pounds of copper and inferred resources of additional gold, silver, copper, molybdenum and rhenium. Considered one of the world's larg- est undeveloped precious and base metal deposits in the making the Kerr- Sulphurets-Mitchell Project of Seabridge Gold Inc. [SKM-TSX] is contiguous to the west of Brucejack. Proven and probable reserves are 2,164,000,000 tonnes grading 0.55 g/t Au, 0.21% Cu, 2.74 g/t Ag, and 44.7 ppm MoS 2 containing 38,200,000 oz Au, 9,888,000,000 lbs Cu, 191,000,000 oz Ag and 213,000,000 lbs MoS 2 with substantial resources in the measured, indicated and inferred categories. This summer Seabridge will conduct a 10,000-metre drill program to expand the block cave shapes of the planned under- ground workings. On June 6, Seabridge announced a planned arrangement to acquire all the issued and outstand- ing shares of SnipGold Corp. based on a formula of 1/63 of a Seabridge share for one SnipGold share. SnipGold, formerly Skyline Gold, was a prominent Triangle explorer in the late 1980s and early 1990s with a sizeable land package unexplored since 1990s. Noting that the measured and indicated resources of 49 million ounces of gold plus an additional 29 million ounces in the inferred category, Rudi Fronk, Chairman and CEO of Seabridge Gold, told Resource World, "We believe there are more resources to be added to the KSM Project. We are continuing to add more gold and copper resources each year since we made the initial discovery at the Mitchell Zone in 2006. We see a tremendous potential remaining there." He explained that the 2012 Pre- Feasibility Study showed a mine life in excess of 50 years. "Since that time, we have added over a billion tonnes of new material – about 50% more tonnes than in our projected reserves from the 2012 study – and those additional tonnes are com- ing in significantly higher grade than our existing reserves," said Fronk. "So even though we had projected a 55-year mine life in the prior study, we expect that the additions we made will extend the mine life further." Looking at the next steps to advance KSM, Fronk said, "We are now in the pro- cess of updating the 2012 Pre-Feasibility Study. A lot has changed since that time.

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