Corvus Gold (KOR-T) GMP Securities LP Buy target $3.20
Corvus Gold’s flagship assets are the North Bullfrog and Mother Lode projects. Both are located in Nevada.
Corvus acquired a 100% interest in the Mother Lode open pit project in June, 2017. It is comprised of 65 federal unpatented mining claims covering an area of approximately 5.2 km2. The project was previously mined in the late 1980s, and produced 34,000 ounces of gold, averaging 1.8 g/t gold via heap leach recovery methods. However, fluctuating gold prices forced the mine to close.
Back in September, 2017, the company launched a 13,000-metre Phase 1 drill program (utilizing three rigs). The aim was to focus on confirmation of an existing 172-hole database and establish priority exploration targets in four main zones of historic mineralization. As a combined project, North Bullfrog and Motherlode could potentially support significant gold production of 250,000 ounces, GMP |
