Corvus Gold Inc.
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.