Corvus Gold Inc.

(KOR: TSX)

 

Corvus Gold is a junior exploration and development gold company led by an experienced management team that holds a large equity stake.  The Company’s main focus and efforts is in the advancement of its 100% owned North Bullfrog project – a new Nevada gold discovery.  Advantages of the project include an adjacent major highway, power corridor, nearby skilled workforce and a large 75 km² land package in a mining friendly jurisdiction.

The successful 2014 drill campaign has resulted in a new resource estimate and Preliminary Economic Assessment (PEA) for the North Bullfrog Project incorporating the new YellowJacket high-grade discovery.

Highlights of the PEA
– NPV(5% post-tax): $246M USD at $1,200 gold, IRR of 38%
– Cash cost per gold ounce of $635
– Total ounces produced as 1.19M ounces gold, 2.48M ounces silver

The fully funded 2015 Core & RC drill program began in late April and will test multiple prospective targets across the concession to determine if additional high-grade YellowJacket type systems are present.