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Volume 421,412
February 19, 2019
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February 19, 2019
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February 20, 2019
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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.

Seabridge will commence a 7,200 meter drill program during the first quarter of 2018 which will test seven separate targets along a geophysical and stratigraphic break that hosts the Walsh Lake Deposit, located 10 km south of the larger FAT deposit on the Courageous Lake property. Metallurgical testing demonstrated that the Walsh Lake material is free milling. Based on these factors, the Walsh Lake deposit could be mined prior to constructing the processing plant required for the larger, refractory FAT deposit thereby improving the overall economics of the Courageous Lake project.