Seabridge Hires hired Jay S. Layman Executive
Vice President and Chief Operating Officer
Toronto, Canada...Rudi Fronk, President and
CEO of Seabridge Gold, announced today that the
Company has hired Jay S. Layman, 51, to the new position of Executive Vice
President and Chief Operating Officer effective March 1, 2011.
Mr. Layman, as Chief Operating Officer, will be responsible for managing
the engineering and design of Seabridge's
two main projects, KSM located in British Columbia, Canada
and Courageous Lake
located in Canada's Northwest
Territories. Most recently, Mr. Layman was Vice
President Solutions and Innovation for Newmont Mining Company where he was
responsible for managing Global Technical Services and launching a Global
Innovation Department. Functions reporting to him included Mining Engineering,
Metallurgy and Process, Geostatistics
and Reserves, Economic Geology, Project Engineering, Renewable Energy and
Global Exploration, Technology and Solutions. During his employment at Newmont,
he was responsible for managing numerous Feasibility Studies and his career
includes experience in Business Development, Operations and Finance.
Mr. Fronk noted that Mr. Layman has the ideal
experience required to manage the further development of KSM and Courageous
Lake. "Jay has a very
well-rounded background in all the technical disciplines needed to optimize
large projects. He will also work closely with me and the Board to evaluate how
to best realize value from these projects, whether through a joint venture or
sale."
Mr. Layman said that he had undertaken an extensive review of Seabridge's projects, staff and
consultants prior to accepting the position. "I am most impressed with Seabridge's technical team and I
am satisfied that KSM and Courageous Lake
are two of the best large, undeveloped gold projects anywhere in the world. I
look forward to moving these projects forward and helping to optimize their
value for our shareholders."
Seabridge holds a 100% interest in several North American gold 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 mineral resources by category please visit the Company's
website at http://www.seabridgegold.net/resources.php.
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ON BEHALF OF THE BOARD
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"Rudi Fronk"
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President & C.E.O.
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