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Mother Lode gold/silver project, US

20th November 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Mother Lode gold/silver project.

Location
The project is located in the Bullfrog mining district in south-west Nevada, in the US.

Project Owner/s
Corvus Gold.

Project Description
The results of the 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 1.55-million ounces of gold and 1.51-million ounces of silver. Inferred mineral resources are estimated at 170 000 oz of gold and 400 000 oz of silver.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Using a gold price of $1500/oz of gold, the project has an after-tax net present value, at a 5% discount rate, of $303-million and an internal rate of return of 23%, with a payback of 2.7 years.

Capital Expenditure
Initial capital is estimated at $406-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.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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