Name of the Project
North Bullfrog gold/silver project.
Location
North-west Nevada, in the US.
Project Owner/s
Corvus Gold.
Project Description
The results of a preliminary economic assessment have outlined a potentially big standalone mining project, with attractive preliminary production and financial performance statistics.
The project has measured and indicated resources of 2.1-million ounces of gold and 10.3-million ounces of silver. Inferred mineral resources are estimated 410 000 oz of gold and 1.29-million ounces of silver. The North Bullfrog project is modelled as a large openpit, run-of-mine, heap-leach operation, with a grinding circuit for gravity gold recovery of the high-grade YellowJacket vein and stockwork deposit.
The mining plan uses standard mining practices and has a production scale that is being used by many operating openpit mines in Nevada.
The project has a mine life of 14 years, with life-of-mine production estimated at 1.47-million ounces of gold and 3.2-million ounces of silver.
The operation will produce 147 000 oz/y of gold and 400 000 oz/y of silver in the first seven years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Using a gold price of $1 500/oz of gold, the project has an after-tax net present value, at a 5% discount rate, of $452-million and an internal rate of return of 47%, with a payback of 2.1 years.
Capital Expenditure
Initial capital is estimated at $167-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Corvus Gold, tel + 1 604638 3246 or email info@corvusgold.com.