Land, Location, and Climate
The 100%-owned Iskut Property is a contiguous block of mineral claims covering 22,238 hectares and consisting of:
- 13 Crown Land Grants
- 20 BC Legacy Mineral Claims
- 53 BC Mineral Cell Claims
The property straddles the Iskut River in the Pacific Coast Range of northwestern British Columbia.
Iskut is about 970 km northwest of Vancouver, BC, 110 km north of Stewart BC and 80 km east of Wangle, AK. In the vicinity of the project are the AltaGas Northwest Hydroelectric Facilities, situated upstream on the Iskut River about 17 km from the Iskut Property. The project is about 30 km northeast of Seabridge Gold’s KSM deposits.
Climate on the property is typical of the northern pacific coastal mountains with generally cool summers and moderate winters. Weather patterns are influenced by the Pacific Ocean and modified by elevation, which produces moderate temperatures and significant moisture. Along the Iskut River at elevations of about 100 meters, precipitation is high and dominated by rainfall throughout the year. On the slopes of Johnny Mountain, at Quartz Rise, elevations rise above 1600m where fog and snow can be expected anytime.
Notes
The scientific and technical information in respect of the KSM Project herein was derived from the technical Report entitled KSM (Kerr – Sulphurets – Mitchell) Prefeasibility Study and Preliminary Economic Assessment dated effective August 8, 2022. This information was prepared by leading consulting firms and their Qualified Persons (as defined in NI 43-101), all of who are independent of Seabridge and are listed below along with their areas of responsibility:
(i) Tetra Tech, Inc. under the direction of Hassan Ghaffari P.Eng (surface infrastructure, capital estimate and financial analysis), John Huang P.Eng. (metallurgical testing review, permanent water treatment, mineral process design and operating cost estimation for process, general and administrative (“G&A”) and site services, and overall report preparation)
(ii) Wood Canada Limited, under the direction of Henry Kim P.Geo. (Mineral Resources)
(iii) Moose Mountain Technical Services under the direction of Jim Gray P.Eng. (open pit Mineral Reserves, open pit mining operations, mine capital and mine operating costs, MTT and rail ore conveyance design, tunnel capital costs)
(iv) N. Brazier Associates Inc. under the direction of W.N. Brazier P.Eng. (Electrical power supply, energy recovery plants)
(v) ERM Consultants Canada Ltd. under the direction of Rolf Schmitt P.Geo. (environment and permitting)
(vi) Klohn Crippen Berger Ltd. under the direction of David Willms P.Eng (design of surface water diversions, diversion tunnels, tailing management facility, water treatment dam and RSF and tunnel geotechnical)
(vii) BGC Engineering Inc. under the direction of Derek Kinakin P.Geo., P.L.Eng., P.G. (rock mechanics, geohazards and mining pit slopes)
(viii) WSP Golder Inc., under the direction of Ross Hammett P.Eng (Block Cave mining)