Quartz Mountain is the company’s third largest deposit, holding a Measured and Indicated 1.7 million gold ounces in the Bly Ranger district known for gold, silver and mercury mining. This location can be classified as somewhat remote, with access to the site primarily over existing logging trails.
Red Mountain, located in the Skeena Mining District in Northwestern British Columbia, contains 400,000 Measured and Indicated gold ounces with an additional 248,000 inferred ounces. This location is extremely remote with no adequate road access. The site features $40 million in previous development and mining equipment and cost Seabridge less than $1 per inferred ounce to acquire. However, for mining to begin, additional infrastructure will be needed. The site costs $125,000 per annum to hold.
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