[1] A preliminary feasibility study released in May 2010 increased reserves by 61% for silver (133 million ounces), 42% for copper (7 billion pounds), 27% for gold (8.5 million ounces) and 22% for molybdenum;[9] Most of the new reserves came from the Iron Cap portion of the property which wasn't part of previous development plans.
While the study was being done the Canadian Environmental Assessment Agency (CEAA) was undergoing a review of its own by the Supreme Court of Canada.
[12] KSM is located near the headwaters of a tributary of the Unuk River, which flows into Behm Canal near Ketchikan.
Seabridge unveiled its development plan during a public meeting in Ketchikan in October 2011 before a crowd of skeptical residents.
The main sulfides are pyrite and chalcopyrite and all mineralization came from processes occurring deep below the surface (hypogene).
A hydrothermal system generated by intrusion of monzonite, naturally upgraded mineral grades (caused by one of the many deformations occurring in its geological history).
Currently (July 2011) it has 3 million ounces of inferred gold resource that Seabridge has an agenda to upgrade by 2012.