NORTH BULLFROG GOLD PROJECT
Introduction
The North Bullfrog Project consists of leased, patented and unpatented mining claims covering an area of approximately 90.5 km2 consisting of a mix of private mineral leases of patented federal mining claims and 1,134 federal unpatented mining claims. The project is situated 10 km north of Beatty, Nevada, and 8 km north of the Bullfrog Mine* formerly operated by Barrick Gold Corporation. The project represents a large, low-sulphidation, epithermal bulk-tonnage gold system hosted in volcanic and sedimentary rocks.
* This information is not indicative of the mineralization on the North Bullfrog property or the potential production from or any future mining of the North Bullfrog property.
Ownership
The project is 100% controlled by Corvus Gold.
Project Background
Gold was discovered in the Bullfrog district in 1904 resulting in an estimated production of approximately 112,000 ounces of gold and 869,000 ounces of silver through 1921 from high-grade vein systems that remained open along strike and down dip. There was only minor activity in the district after the initial production period until modern exploration at the North Bullfrog project area started in 1974 and continued until 1996 during which time several companies mapped, sampled, and drilled several areas of gold mineralization. Declining precious metal prices in the late 1990s resulted in reduced interest in the area.
In 2005, the project was picked up and explored by Redstar Gold Corporation (RGC). In 2006, International Tower Hill Mines Ltd. (ITH) entered into a joint venture agreement with Redstar to explore the project and subsequently purchased all of the RGC interest in 2009. In the spin out of Corvus Gold Inc. from ITH in August 2010, the 100% interest in the project was transferred to the Company.