Corvus Gold is a well-financed junior exploration gold company driven by an experienced management team. The Company’s main focus and efforts is in the advancement of the 100% owned Nevada, North Bullfrog and Mother Lode projects approximately 120 miles northwest of Las Vegas. Both projects have advantages which include an adjacent major highway, power corridor, established water right, nearby skilled workforce and a large land package.
The Company continues with a resource expansion program at the Mother Lode project building off of the mineral resource estimate and preliminary economic assessment (PEA) published in late 2018. The PEA outlined a combined project totalling 3.6M oz Au contained avg. ~350k oz Au production in the first 4 years with a cash cost of $591/oz. At a base case of $1,250 gold price, pre-tax cash flow of $970M USD with a 45% IRR, post tax NPV 5% discount of $586M USD and a 38% IRR / 2.1 year payback.