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Resource Exploration Firm to Acquire Northern Nevada Gold Project
News Update

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The transaction will enhance this company's nearby existing project.

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it entered into an agreement to acquire the Goldstorm project from Mountain View Gold for 25,000 Seabridge common shares.

Goldstorm, which consists of 134 mining claims and 1,160 leased acres (about 3,900 acres in all), is in the Northern Nevada Rift (NNR) and about 3 kilometers (3 km) to the east of Seabridge's Snowstorm asset. The NNR is a geologic system that trends at 340 degrees for more than 500 km. It primarily features low-sulfidation, high-grade epithermal deposits typically holding around 1,000,000–5,000,000 ounces of gold.

Minimal exploration has been done at Goldstorm to date.

"Snowstorm is a very valuable exploration asset for us and it will be a primary focus for our exploration team this year, including our first drill program on the project expected to begin later this summer. In preparation, we have staked additional claims where available. The Goldstorm purchase fits our strategy of expanding our footprint in these highly prospective gold trends where we intend to be a significant player," Seabridge Chairman and CEO Rudi Fronk said in the release.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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