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Red Mountain Project
Red Mountain
Country
Canada
Province
Bristish columbia
Close to
Stewart
Status
FEASIBILITY
Surface
202 km² / 49,852 acres
Number of claims
112
Latitude / Longitude
55 N 57 / 129 W 42
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Risk and valuation analysis of the Red Mountain Project
Status Risk : Feasibility
Country Risk : Very Low
Resource Risk : 60.00%
In situ value
354,551 $
Title(s) of the Red Mountain Project
Seabridge Gold Inc.
Owner: 100%
Title
Company Profile
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The Red Mountain project is 100% owned by Seabridge. It is subject only to the payment of production royalties and, on the key Wotan Resources Corp. (“Wotan”) claim group, to the payment of an annual minimum royalty of $50,000.
Location of the Red Mountain Project
Red Mountain is a structurally-controlled, advanced stage gold deposit located 18 kilometers east of Stewart, 880 km northwest of Vancouver and 180 km north of Prince Rupert, British Columbia.
History of the Red Mountain Project
In January 2003 Seabridge engaged Steffen Robertson and Kirsten (Canada) Inc. (“SRK”) to complete an engineering and preliminary economic study of the project. The objectives of the study were to build on previous project work to identify the best
more...
Geology of the Red Mountain Project
The oldest rocks, Middle to Upper Triassic mudstone, siltstone and chert of the Stuhini Group outcrops over about two-thirds of the project’s mapped area. The Triassic rocks grade upward into Lower Jurassic Hazelton Group clastic and volcaniclastic r
more...
Reserves and resources of the Red Mountain Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Measured
1,000
8.01
258
Mesured and Indicated
1,000
8.01
258
Total
1 000
258
Definitions
Reserves and resources of the Red Mountain Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
258
258
258
oz
350 134 US$
Exploration and drilling
6/26/2009
Agrees to Sell Red Mountain Project for C$12 Million
Location
Data last updated on : 2/12/2010
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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