Corvus Gold's NI 43-101 Technical Report, PEA for North Bullfrog Project Filed

Corvus Gold Inc. (TSX:KOR) has filed the independent NI 43-101 technical report and PEA for its North Bullfrog Project, Nevada, indicating that there are no material differences between the June 16, 2015 news release and the technical report filed on July 31, 2015.
As quoted in the press release:

Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces the filing of an independent NI 43-101 technical report and preliminary economic assessment (“PEA”) for its 100% owned North Bullfrog Project, Nevada to support the Company’s announcement on June 16, 2015 of the results of the PEA. There are no material differences between the June 16, 2015 news release and the technical report filed on July 31, 2015.
This summary of the PEA, which has already been disclosed via the June 16, 2015 news release, is being included here for informational purposes only and incorporates drilling conducted in 2014 used to calculate a new resource for the high-grade gold-silver Yellowjacket deposit. The base case PEA assumed a conceptual WhittleTM pit shell and would be scheduled for processing as defined at a US $900 gold price. Highlights of the PEA (in constant 2015 USD) include:
Pre-Tax Total Cash Flow: $479M at $1,200 gold, IRR of 53%
NPV(5% post-tax): $246M at $1,200 gold, IRR of 38%
NPV(5% post-tax): $103M at $1,000 gold, IRR of 20.5%
Projected average annual production: 149 k ounces gold per year for first 6 years dropping to 68.5 k ounces gold per year for the remaining 4 years
Projected silver production of 2.49 M ounces Life of Mine (LOM)
Cash Cost per gold ounce: $635
Project Total Capital Cost per gold ounce: $206
Initial Capex: $175M (LOM sustaining Capital $83M)
Strip ratio of 0.6-1 (waste to ore)
Gold recoveries of 87% mill and 74% heap leach
Mill resource grade increase of +100% to 2.1g/t gold
YellowJacket/mill resource confidence increased significantly with 91% in Measured & Indicated category up from <20% in 2014 resource

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