Toronto, Ontario--(Newsfile Corp. - November 20, 2023) - Seabridge Gold (TSX: SEA) (NYSE: SA) ("Seabridge") provided an update today to its news release of July 17, 2023, announcing that Tudor Gold Corp. had submitted a request to the BC Government to cancel a certain license of occupation (the "Licence") and a permit held by Seabridge's wholly-owned subsidiary, KSM Mining ULC (KSMCo). Tudor's request was not successful.
In its response to Tudor's application to cancel the permit, the BC Ministry of Energy, Mines and Low Carbon Innovation confirmed the BC Government's authority to issue permits within an area where mineral title is held by a third party. In its response to Tudor's application to cancel the Licence, the BC Ministry of Water, Land and Resource Stewardship confirmed there is no basis to cancel the Licence under the provisions of the relevant legislation or the terms of the Licence.
Mines Act permit M-245, held by KSMCo, authorizes various activities, including activities on mineral claims held by Tudor along the route of the proposed tunnels connecting the east and west sides of the KSM Project (the "MTT"). The Licence provides KSMCo the right to occupy the area in which it intends to construct the MTT for the purpose of constructing the MTT. read more on