Resource exploration company Corvus Gold (TSE:KOR)(OTCQX:CORVF) announced Tuesday the appointment of Carl Brechtel as new chief operating officer, effective immediately.
The company controls a number of exploration projects, with four
prospective projects in Alaska, one in Nevada, and one in Quebec.
Brechtel joins the company with over 35 years of mining industry
experience, and specializes in the design and development of both open
pit and underground projects.
His recent experience includes serving as manager of project
development at Corvus, and his position as president and chief operating
officer at International Tower Hill Mines (TSE:ITH).
He also has held senior management positions with AngloGold Ashanti (NYSE:AU) at various mining projects around the world.
Brechtel's primary focus as COO will be on the ongoing development of
the company's potential near-term mining project at its North Bullfrog
project in Nevada.
He will also oversee the company's interests on the Terra project in
Alaska, where the operating JV partner intends to begin pilot scale
milling operations and potentially gold production this summer, as well
as initial underground development of the deposit, Corvus said.
"The addition of Carl Brechtel as our Chief Operation Officer
positions the Company to rapidly take full advantage of our expanding
North Bullfrog deposit," said Corvus’ CEO, Jeff Pontius.
"With a strong balance sheet, fast track development options and a
strong gold price, Corvus is uniquely positioned to become a new Nevada
The recent developments at the North Bullfrog project in Nevada and
increased investor activity have resulted in the company also retaining
Quatloo Investment Management to provide additional investor relations
Quatloo's principal, Quentin Mai, has over 16 years of investor
relations experience, and has played key roles with groups such as First Quantum Minerals, Cardero Resource, and International Tower Hill Mines.
"The addition of Quentin Mai to our marketing team will ensure the
company gets its message out to the broadest possible audience to
maximize shareholder value," said Pontius.
The North Bullfrog project covers approximately 43 square kilometres
in southern Nevada just north of the historic Bullfrog gold mine
formerly operated by Barrick Gold (TSE:ABX).
The company recently unveiled the latest results from diamond
drilling in the Yellow Jacket Zone at the North Bullfrog project,
opening up what it called "significant potential" for expanding the
mineralization in the area.
The Yellow Jacket target is in the northern part of the district, currently outside existing pit perimeters.
Corvus said that hole NB-12-138, which is outside the current in-pit
resource as reported in the preliminary economic assessment in February,
is the fifth core hole to be drilled in the Yellow Jacket Zone that
encountered high-grade gold mineralization.
This latest intersection returned three separate high-grade
intervals, with the best being 16.2 grams per tonne (g/t) gold and 1,218
g/t silver over 5.4 metres, including 2.1 metres of 33.0 g/t gold and
2,870 g/t silver within "quartz veined hydrothermal breccia", the
Corvus also said the high grade intervals found also have elevated
selenium and tellurium values - similar to those reported in the
silver-rich, gold mineralization found at the historic Bullfrog Mine,
which is roughly 10 kilometres to the south of the North Bullfrog
Shares grew 6.38 percent to $1.00 Tuesday Morning.