British Columbia First Nations forge partnership to participate in Seabridge Gold’s KSM project

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Seabridge Gold’s (TSX:SEA) KSM project is the biggest new mine proposal in resource-rich British Columbia, where there are currently eight new mines or mine expansions in the queue worth a total investment of C$6.6 billion ($4.9bn), according to Premier David Eby.

Seabridge recently produced a feasibility study and preliminary economic assessment plan for the gold, copper, silver and molybdenum deposit.  It envisions a 33-year open pit operation and an additional 39 years of underground mining. The company plans to spend C$225 million this year on early-stage construction.

Of the eight new mines or expansions in the queue, one is unique in that it will be the first mine to be built on Nisga’a Nation treaty land.

The partnership, which strengthens the Tahltan and Nisga’a Nations as industry leaders in mining and exploration has been established through their respective development corporations, Tahltan Nation Development…

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