Corvus held the North Bullfrog, Mom Lode and different exploration property positioned in shut proximity to, or contiguous with, AngloGold’s exploration property of Silicon, Transvaal and Rhyolite.
AngloGold mentioned the property mixture would assist the Beatty district turn out to be a Tier-1 asset, a big, lengthy life and low value deposit that become “firm making” mines.
The corporate mentioned it plans to develop North Bullfrog first, with manufacturing within the subsequent three to 4 years. Subsequent in line can be Silicon, Merlin (together with Lynnda Strip) and Mom Lode. Targets can be thought of with strict reference to the corporate’s capital allocation framework.
Corvus, which is able to now delist from the TSX, introduced in 2020 preliminary financial assessments (PEAs) for North Bullfrog and Mother Lode initiatives as two standalone mines.
