Canadian Mining Journal

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Corvus drills toward Mother Lode PEA in Nevada



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.