Corvus Gold: Targeting Further Discoveries at North Bullfrog in 2015 | INN

Mar. 19, 2015 04:15PM PST

Junior exploration and development company Corvus Gold is currently focused on advancing its Nevada-based North Bullfrog project. At PDAC, CEO Jeff Pontius was able to provide an update on how work there is progressing.

At PDAC, one of the gold companies Resource Investing News had the chance to speak with was Corvus Gold (TSX:KOR,OTCQX:CORVF). The junior exploration and development company is currently focused on advancing its Nevada-based North Bullfrog project, and CEO Jeff Pontius was able to provide an update on how work there is progressing.

To start off he explained what makes Corvus stand out from its peers — after all, Nevada is a very popular mining jurisdiction, especially for gold-focused companies. “I think our real standout … is the fact that we’ve got a near-surface oxide deposit with a high-grade vein system in it,” he said, adding, that “offers a very low cash cost type operation in the future.” Furthermore, the company is “just evaluating and developing a brand new resource” that will be used in a preliminary economic assessment. He also touched on the specific benefits of the project’s location.

In terms of Corvus’ plans for the future, Pontius noted that the company recently raised $4.5 million and plans to put that money toward exploration at North Bullfrog. “What you’ll see us do is a first-pass exploration program to evaluate many [targets similar to the Yellowjacket deposit], and the best ones of those [there will be follow-up drilling] starting in September.”

In closing he touched on how exactly Corvus was able to raise that money during today’s tough times, also explaining what catalysts investors can expect from the company in 2015. “I think when you see additional discoveries … that hopefully are going to be made this year with Corvus Gold, it’ll be a true catalyst for the company and the stock I hope,” he said.

Interview Transcript

RIN: I am Charlotte McLeod with Resource Investing News. And here today with me at PDAC is Jeff Pontius, CEO of Corvus Gold. Thank you for joining me.

JP: Thanks, Charlotte. It’s great to be here.

RIN: Yeah. So, Corvus’ North Bullfrog project is in Nevada, which is a very popular mining jurisdiction, especially for gold companies. What is your company doing to standout?

JP: Actually, I think our real standout for us is the fact that we’ve got a near-surface oxide deposit with a high-grade vein system in it. So, it offers a very low-cash-cost-type operation in the future. We’re just evaluating and developing a brand new resource and that resource will be used in the PEA, we’ll get some economics on this.

RIN: Okay. And are there any particular advantages in terms of your project’s location?

JP: Sure. We’re about 5 miles north of a small town called Beatty, Nevada, great little mining community there in Nevada. About an hour-and-a-half north of Las Vegas. The property has got roads all through it, a major highway along its eastern boundary, brand new high-tension power line that goes through where we have power directly into the site. We’ve also acquired a water right in the area that we have 1,600 acre feet of water. Very important in this part of Nevada.

So, we’re moving this project forward not only on the exploration front, but, really on the mine development front. And that’s our real goal, to push that forward this year.

RIN: Okay. Great. And recently, you raised $4.5 million. I believe that’s going towards exploration. Could you tell what the goals of the program will be?

JP: Yeah. We’ll be doing a two-phased program where we’ve discovered a high-grade vein system and what we call our Yellowjacket project or deposit. And we have a number of other very similar targets to Yellowjacket. And so, what you’ll see us do is a first-pass exploration program to evaluate many of those structures that are out there. And the best ones of those will be followed up, drilling on starting September.

So, it’ll be a pretty aggressive drill program that we’re going to get after, and hopefully, we’re going to find another one of these vein systems. The one we have right now is about 1 million ounces and we’re hopeful that we’ll be able to put together one or two more of these.

RIN: Okay. And this is not the easiest time to be raising money.

JP: No, it’s not.

RIN: How were you able to do that?

JP: Well, we were very fortunate. We’ve got a great group of loyal shareholders that have really been the bread and butter behind Corvus Gold and its, I would say, relative market success compared to our peer group. And really, that is the backbone of the guys that are prepared to give you money in a very tough time in the market. And so, this financing was done with AngloGold Ashanti (NYSE:AU), a big South African mining company who have invested quite a bit of money in Corvus Gold. And the Tocqueville Gold Fund (MUTF:TGLDX) out of New York, the largest gold fund in the US, run by John Hathaway, and those guys have been stalwart supporters of this project and our exploration team for the last three or four years now.

RIN: So you’ve got some good people behind you.

JP: We’ve got good people.

RIN: Yeah. Okay. So, finally, do you have any other catalyst for 2015 that you want to mention?

JP: Yeah, I think, probably some of the real key features are going to be the success of the exploration program. We put a lot of effort into getting these targets developed. Now, that we’ve drilled out the Yellowjacket deposit on 50-meter centers, we’re really in a position where we can understand what the structure is that’s hosting these high-grade veins. And these are veins that can go up to a half ounce per tonne. The beauty of it is they’re all open-pit minable.

So, it is really an economic-type approach. So, I think when you see additional discoveries that are hopefully are going to be made this year with Corvus Gold, it’ll be a true catalyst for the company. And the stock, I hope.

RIN: Okay. That sounds very good.

JP: Great.

RIN: Great. Thank you for joining me today.

JP: All right. Thank you.

RIN: All right. And I am Charlotte McLeod with Resource Investing News.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Related reading:

PDAC 2015: Notes from the Floor

nyse:au tsx:kor otcqx:corvf gold fund gold companies gold investing

Outlook Reports world

Featured Precious Metals Investing Stocks

GoldInxs Mining

GoldInxs Mining (INXS:CC)

INXS:CC

Investor Insight

GoldInxs Mining Corp. (TSXV:INXS, OTCQB: INXGF) provides investors with exposure to early-stage gold-copper exploration in British Columbia, leveraging a portfolio of high-potential projects in Tier 1 jurisdictions, within established gold districts, surrounded by strong regional infrastructure and led by an experienced management team committed to accelerating discovery and delivering shareholder value.

GoldInxs Mining Corp

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Overview

GoldInxs Mining Corp. is a discovery-focused mineral exploration company dedicated to identifying and advancing high-potential copper-gold assets in proven geological belts. The Company's strategy centers on acquiring overlooked and underexplored projects with large-scale potential, applying modern exploration techniques to rapidly evaluate targets and unlock shareholder value through discovery.

The Company’s. common shares started trading on the TSX Venture Exchange in July 2026 under the symbol INXS, positioning itself to capitalize on favorable copper and gold market fundamentals.

GoldInxs Mining sample rocks

Copper demand is forecasted to grow steadily through 2030, with the global copper market expected to expand to over US$340 billion by 2030, driven by electric vehicles, renewable energy and infrastructure growth.

On the other hand, gold continues to provide a safe-haven hedge against policy risks and market volatility, making GoldInxs’ dual focus on copper and gold particularly compelling for investors.

The Company’s portfolio is anchored by two priority projects: the Fishpot Project in central British Columbia, interpreted as an emerging, large epithermal system with strong infrastructure access and jurisdiction quality as well as early indications of blackwater-style mineralization, and the non-core Millar Project in the prolific B.C Golden Triangle, a district renowned for world-class discoveries. While surrounding deposits attracted billions of dollars in investment, Fishpot received only sporadic historical exploration despite widespread hydrothermal alteration and numerous anomalous gold, silver and copper results. Artemis Gold’s Blackwater Mine has announced tripling production with an intended $1.56B investment, which sits only 65 km from the Fishpot property.

Backed by a management team with expertise in exploration, project development and capital markets, GoldInxs is positioned to rapidly advance its assets, deliver near-term exploration catalysts and create shareholder value through discovery and strategic growth.

Company Highlights

Mining-friendly jurisdiction: Projects are in British Columbia, which ranked second in Canada and 20^th globally in the 2025 Fraser Institute investment attractiveness rankings.
Flagship and district-scale assets: Portfolio is anchored by the flagship Fishpot Project (“Fishpot”) in central B.C., showing strong geological indicators of mineralization, blackwater-style mineralization potential and immense exploration upside potential with only 378 meters of historical drilling. Fishpot is strategically located in the same region as Artemis Gold’s Blackwater Mine and Evolution Mining’s optioned Clisbako property.
Clear path to 2026 catalysts: GoldInxs secured a drill permit for an upcoming maiden 2,000-metre drill program at Fishpot, near-term exploration programs are designed to define mineralized systems, outline blackwater-style potential and create shareholder value following the completion of a 3D IP survey and drill targeting.

Key Projects

Fishpot Project

GoldInxs Mining Fishpot Project

Fistpot property

The Fishpot Project represents the cornerstone asset within the GoldInxs portfolio. Covering up to 5,500 hectares in Central British Columbia, and located ~95 km north of Quesnel, Fishpot hosts a large hydrothermal alteration system that exhibits many of the geological characteristics observed in major epithermal and intrusion-related gold systems throughout the region. Fishpot encompasses five claim blocks, held under an option to acquire 100 percent subject to a 2 percent NSR, representing a significant exploration opportunity in a highly prospective region.

Fishpot represents a largely untested hydrothermal mineral system where multiple independent exploration datasets, including gold-silver-copper surface geochemistry, alteration and geology, airborne magnetics, 3D IP chargeability/resistivity and identified epithermal-to-potential-porphyry target environments, are converging to define drill targets, despite only 378 metres of historical drilling across two holes.

Fishpot is situated within the highly prospective Stikine Terrane and is underlain by Hazelton Group volcanic rocks and intrusive units comparable to those associated with several significant deposits in British Columbia. Extensive quartz-sericite alteration, hydrothermal brecciation, pyrite mineralization and multi-element geochemical anomalies support the interpretation of a robust mineralizing system. Fishpot is strategically positioned near active and historical mining operations, including Artemis Gold’s Blackwater Deposit, Newton Gold Project, Capoose and 3Ts Project, underscoring its large-scale discovery potential. Importantly, based on early-exploration results, Fishpot shares several regional geological characteristics commonly associated with Blackwater-style gold systems, including felsic volcanics, strong alteration, pyrite-rich mineralization and gold-silver geochemical associations. Despite the similarities the Company cannot yet make any formal connections to the surrounding properties, nor can they guarantee that such deposits exist on their ground.

Fishpot Exploration Technology: GoldInxs advanced its Fishpot targeting program by combining a conventional 3D IP survey with emerging Virtual DRILL™ remote-sensing technology as an additional targeting layer, using multiple geological, geochemical and geophysical datasets to refine and prioritize targets ahead of a planned ~2,000-metre drill program.

Fishpot Drill Permit & Expansion: GoldInxs has received the required drilling permits and expanded Fishpot to 5,509 hectares, positioning the Company to proceed with its inaugural ~2,000-metre modern drill program on a property that has seen very limited historical drilling, while refining targets through integrated geological, geochemical and geophysical data.

Despite multiple encouraging exploration indicators, Fishpot has been subjected to only two historic drill holes totaling 378 metres, leaving the broader mineral system largely untested and providing significant leverage to future exploration success.

Recent exploration completed by GoldInxs generated the highest reported gold value on Fishpot to date, returning up to 5.65 g/t Au from surface sampling, while airborne geophysical surveys identified multiple coincident magnetic and geochemical anomalies that have strengthened the Company's exploration model and target pipeline.

The 2025 program returned rock samples of up to 5.65 g/t Au, 11.35 g/t Ag and 0.42% Cu, while historical work reportedly returned up to 4.36 g/t Au and 3.2% Cu.

The property exhibits the potential low-sulphidation epithermal targets at Fishpot North, intermediate-sulphidation signatures at Fishpot East, and a large central magnetic high being evaluated for potential porphyry mineralization at depth. The Company is focused on finalizing drill targeting and preparing for the inaugural diamond drill campaign at Fishpot in the coming months following completion of the IP survey. GoldInxs is preparing to drill-test a 5,509-hectare, largely undrilled hydrothermal system in central British Columbia where high-grade surface gold-silver-copper results, Blackwater-style geological characteristics and multiple coincident geophysical targets have converged to define a portfolio of high-priority exploration targets.

Management Team

Nick Michael – President and CEO

Mr. Michael is a veteran mining executive and technical director with over 37 years of global experience spanning mine development, engineering and operational leadership. His expertise covers the full project lifecycle, including design, construction, technical due diligence and Independent Engineer assignments for institutional investors and project financiers. He also leads CJK Milling, a company focused on reprocessing historical mine waste to recover discarded gold decades ago, when it was less valuable.

Carlo Rigillo, CPA, Chief Financial Officer

Mr. Rigillo is an experienced Chartered Professional Accountant with over two decades of experience. He holds a Bachelor of Commerce from the University of Toronto.

Barry Miller – Executive Chairman and Director

Mr. Miller brings over 30 years of experience in public markets, including roles as a broker, consultant and financier. He is the founder of GoldInxs and has been actively involved in the resource sector through leadership positions, including as director of Tinova Resources Corp., an exploration company focused on tin and rare earth elements in British Columbia and Alaska.

Tara Asfour - Vice President, Corporate Development and Communications

An executive consultant with over 13 years of experience, Tara Asfour holds expertise in corporate development, capital markets, investor relations and strategic communications. She has led strategic financings, partnerships and offtake initiatives within the resource sector through previous corporate development and investor relations roles with multiple publicly listed companies.

Al Fabbro – Director

With over three decades of experience spanning both the mining and finance sectors, Mr. Fabbro previously led Yorkton Securities’ retail trading department and was part of its Natural Resources Group. He later served as Lead Director of Roxgold Inc. and currently holds executive leadership roles in the mining industry.

Darcy Vis, P.Geo. – VP Exploration and Director

Mr. Vis is an economic geologist with over 17 years of experience in mineral exploration. He has held senior technical roles across multiple exploration companies and is the President of Tripoint Geological Services Ltd. His expertise includes target generation, project evaluation and exploration program execution.

Stephen Soock, P.Eng., CFA – Director

Mr. Soock is a mining professional with nearly 20 years of experience spanning both technical operations and capital markets. He currently serves as Vice President, Investor Relations and Development at Heliostar Metals.

Christopher Kelly, PQS, FCIArb – Director

Mr. Kelly has over 15 years of experience in construction and natural resources. He holds a BSc in Construction Economics and Management and an MSc in Construction Law and Dispute Resolution, and runs Trachtala Consulting Ltd.

More featured stocks

Browse Companies