15 May 2007resource reserve update▲ GoodMajor
Filed on SEDAR the 43-101 technical report on the Mitchell porphyry deposit at Kerr-Sulphurets. The report confirmed the resource estimate announced in February 2007.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2007drilling progress report● Neutral
Completed analysis of the 2006 drill program at Kerr-Sulphurets.
3 Jan 2007drilling result▲ Good
A five-hole program tested strike and depth extensions at the Sulphurets deposit, part of a 9,129 metre 2006 campaign across the Kerr-Sulphurets project.
17 Nov 2006drilling result▲ GoodMajor
Seven more holes at Mitchell expanded the newly recognised gold-copper porphyry and confirmed grade continuity comparable to operating mines. Mitchell had only just been drilled for the first time, five months after Seabridge bought back full ownership of Kerr-Sulphurets.
23 June 2006drilling progress report● Neutral
Started the summer drill program at Courageous Lake.
9 May 2006asset acquisition disposition▲ GoodMajor
Agreed to buy Falconbridge's option to earn 65% of Kerr-Sulphurets for 200,000 shares plus up to 2.0 million conditional warrants, one per new ounce of gold resource found. The warrants run five years at C$13.50, and the deal needed regulatory approval.
21 Apr 2006capital raising announcement● NeutralMajor
Closed the previously announced C$8,443,750 private placement of 875,000 shares at C$9.65. The shares carried a four-month hold expiring August 20, 2006, and no commissions or finder's fees were payable.
What it means for a shareholder
875,000 new shares at C$9.65 to raise about C$8.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Apr 2006business combination▲ GoodMajor
Agreed to buy the Noche Buena gold project in Sonora, Mexico from Hecla Mining for US$4,350,000 in cash, after commissioning its own technical report on it.
21 Feb 2006drilling progress report● Neutral
Identified a new target at the Four-Mile Basin property in Nevada and designed a 2006 program to test it - one of the small US properties later folded into Wolfpack Gold.
17 Nov 2005drilling progress report● Neutral
Planned a 15,000 metre drill program at Courageous Lake, funded by a $3.1 million flow-through financing - the fourth flow-through round in fifteen months.
21 Oct 2005capital raising announcement● Neutral
Closed the $5.0 million private placement.
3 Oct 2005capital raising announcement● Neutral
Arranged a $5.0 million private placement, the largest raise in the record to that point.
2 Mar 2005capital raising announcement● Neutral
Closed the $2.1 million flow-through financing for the Courageous Lake drill program.
22 Feb 2005resource reserve update▲ Good
A new technical report by SRK added 1,729,000 tonnes at 2.97 g/t (165,000 ounces) of inferred resources at the 100%-owned Red Mountain project in British Columbia, a 34% increase, and said there was room for more.
17 Feb 2005drilling progress report● Neutral
Arranged a $2.1 million flow-through financing to pay for a drill program at Courageous Lake.
14 Jan 2005resource reserve update● Neutral
Filed a technical review of the Courageous Lake property by Resource Modeling Inc, the consultant that goes on to build every Seabridge resource model for the next decade.
8 Sept 2004capital raising announcement● Neutral
Raised $2.25 million in flow-through shares to fund exploration at Courageous Lake. The first financing in the record, and the template for two decades of them.