Seabridge Gold, Inc. has filed an updated resource estimate for the Mitchell zone of its wholly-owned KSM project in B.C. Measured and indicated gold resources have been upped by 89%, and M + I copper by 105%. There's now more than 30 million ounces of gold and 6 billion pounds of copper estimated as resource. The news release spells out the details of the new report, and notes that it will be filed within 45 days. The report was prepared for Seabridge by a third party.
Seabridge closed yesterday at $21.95. As of the time of this posting, the bid-ask is $21.01-$23.00.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Wednesday, March 11, 2009
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