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Location: Northwest Territories
Operator: Seabridge Gold Inc.
Royalty: NSR: 1.02%

The Courageous Lake project is an advanced gold exploration project located in the Northwest Territories, Canada. Seabridge Gold Inc. has been advancing the Courageous Lake project and in July 2012, released results of its first preliminary feasibility study for the asset. The study estimated Mineral Reserves of 6.5 million ounces of gold (91 Mt @ 2.20 g/t) and projected average annual production of 385,000 ounces over a mine life of 15 years. This project covers only 2 km of a greenstone belt that stretches 53 km.