Corvus Gold (TSX: KOR; US-OTC: CORVF) is continuing to drill its 100% owned Mother Lode gold project in Nevada’s Walker Land gold belt to establish a resource estimate and preliminary economic assessment (PEA) later this year.
Although International Tower Hill Mines (TSX: ITH; NYSE-AM:THM) spun out Corvus in 2010 to handle its North Bullfrog gold-silver project, Corvus acquired Mother Lode in June 2017 — and it’s been the company’s focus ever since.
Mother Lode was mined in the 1980s, producing 34,000 oz. of gold at an average grade of 1.8 g/t gold. Low gold prices forced the mine to close and the area hasn’t seen any exploration since.
Corvus acquired the property from Goldcorp (TSX: G; NYSE: GG) in June 2017.
Continue reading at The Northern Miner.