AngloGold nearer to manufacturing in Nevada after takeover

Corvus held the North Bullfrog, Mom Lode and different exploration belongings positioned in shut proximity to, or contiguous with, AngloGold’s exploration belongings of Silicon, Transvaal and Rhyolite.

AngloGold stated the belongings mixture would assist the Beatty district develop into a Tier-1 asset, a big, lengthy life and low price deposit that become “firm making” mines.

The corporate stated 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 will probably 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 Mom Lode initiatives as two standalone mines.

What do you think?

Written by colin


Leave a Reply

Your email address will not be published. Required fields are marked *



Iron ore value recovers regardless of financial weak point in China

Solaris Sources shares rise on new copper discovery in Ecuador