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Seabridge Gold Inc. reported high gold recoveries of 85.3% to 92.7% from metallurgical tests on the Snip North Deposit in British Columbia. The tests involved 10 drill-core samples and confirmed the deposit's favorable response to flotation methods.

The initial locked cycle tests revealed copper grades of 20%-28% and gold grades from 83 to 525 g/t. Seabridge also plans to spin out its Courageous Lake gold project into Valor Gold Corp., expected to be listed on the TSX and OTCQB by mid-2026, with a shareholder meeting scheduled for June 2026 to approve the plan.