Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) released a new resource update incorporating all drill results from 2012 and 2013 at its North Bullfrog Project in Nevada. At 0.3 g/t gold cutoff: Inferred resource of 800,000 Ounces gold @ 0.7 g/t & 4.4M Oz silver @ 3.86 g/t; at 0.5 g/t gold cutoff: Inferred resource of 530,000 Ounces @ 1.28 g/t gold & 3.3M Oz silver @ 7.94 g/t.
As quoted in the press release:
Yellowjacket Deposit High-Grade Resource (@ 0.3 g/t gold cutoff):
- Indicated: 125,000 Ounces gold @ 0.97 g/t & 662,000 silver @ 5.15 g/t
- Inferred: 800,000 Ounces gold @ 0.7 g/t & 4.4M Oz silver @ 3.86 g/t
Yellowjacket Deposit High-Grade Resource (@ 0.5 g/t gold cutoff):
- Indicated: 98,000 Ounces @ 1.73 g/t gold & 553,000 silver @ 9.72 g/t
- Inferred: 530,000 Ounces @ 1.28 g/t gold & 3.3M Oz silver @ 7.94 g/t
Corvus Gold CEO Jeff Pontius, said:
This updated resource estimate that includes our new high-grade Yellowjacket Deposit is our first indication of the significant impact this new and growing discovery will have on our current plus million ounce project. We are currently engaged in detailed mining and recovery optimization analysis of this high-grade mineralization so we can maximize its financial performance for the project as a whole and assess the impact of further resource growth. Our drilling focus remains on continued expansion of the Yellowjacket Deposit along strike, at depth and for new parallel systems to further unlock the value of this amazing new Nevada high-grade gold-silver discovery.