Corvus Gold Inc. is engaged in the acquisition, exploration and development of gold-related mineral properties located in
Corvus Gold has emerging gold producer potential highlighted by its 100% North Bullfrog Project in Nevada. An updated, preliminary economic assessment (PEA) of the +1.6M oz. gold resource released December 2012 shows an economically robust project that is highly leveraged to the price of gold. The PEA shows that the current resource will produce an average of 74,800 ounces of gold over 10 years at an average cash operating cost of $816/oz. gold. The potential of the project is further highlighted in the possibility of significant resource expansion. Step out drilling completed in 2012 and not included in the updated PEA, hit mineralization several hundred metres outside the current in-pit resource with significant potential for expansion in the northern district Yellow Jacket zone. This target has produced high-grade gold and silver results -including an interval of 4.3m of 20.0 g/t gold and 1,519 g/t silver as reported on July 24, 2012. Follow-up drilling of the high-grade zone completed in early November 2012 produced further high-grade gold and silver results - including 1.7m of 13.1 g/t gold and 549 g/t silver. An extensive +20,000 metre drill program targeting the Yellow Jacket zone is scheduled to start in May 2013.