Issue link: http://resourceworld.uberflip.com/i/937377
30 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 8 NEVADA verifying and upgrading resources was recently completed. Corvus Gold Inc.'s [KOR-TSX, OTCQX- CORVF] is focused on advancing its 100%-owned North Bullfrog Project on the Walker Line Trend, 8 km north of the Bullfrog Mine, formerly operated by Barrick Gold. The project is estimated to contain a resource of 1.8 million ounces of gold and 7 million ounces of silver. A Preliminary Economic Assessment stated that the project can be put into produc- tion for US $258.7 million. It also said the potential exists for the discovery of additional heap leach mineral resources at exploration target areas identified on the property. Ely Gold Royalties Inc. [ELY-TSXV; ELYGF-OTC] is a royalty company focused on Nevada. The company acquires min- eral properties outright or by option, then farms them out, keeping a royalty. Currently, Ely Gold has 15 properties leased or optioned that are generating cash flow from payments or advanced royalty streams, 22 properties available for option, 10 drill-ready properties and 12 proper- ties deemed development properties where either additional claims and/or data are being acquired. Fiore Gold Ltd. [F-TSXV, FIOGF- OTCQB], launched by financier Frank Giustra, is an Americas-focused gold producer with an initial plan to produce 150,000 ounces annually, and later emerge as a mid-tier company. Its key Nevada asset is an open pit heap leach operation known as the Pan Mine. It also has the Goldrock property, a 200 km 2 land pack- age along the Battle Mountain and Eureka trends. The company is hoping that pro- duction at Pan will increase from a target of around 40,000 ounces in 2018 to 50,000 ounces in 2019. Production during the month of October 2017 was 1,809 ounces the company said recently. Gold Standard Ventures Corp. [GSV- TSX, GSV-NYSE] has large property positions on both the Carlin and Battle Mountain gold trends, the most produc- tive gold producing areas in Nevada. The company's flagship project, the Railroad Gold Project, is on the Carlin Trend. It has another property, the Lewis Project, located on the Battle Mountain Trend. Gold Standard budgeted US $15.5 mil- lion in 2017 for drilling on the Railroad Project, which covers 208 km 2 , and fea- tures the newly discovered Dark Star deposit, the near surface oxide-gold Pinion deposit and classic Carlin-style North Bullion deposit. The Pinion deposit now has a NI 43-101 compliant resource esti- mate with an indicated mineral resource of 630,300 ounces of gold and an inferred resource of 1,081,300 ounces. The Dark Star deposit, 2.1 km east of Pinion, has a NI 43-101 compliant resource estimate consisting of an indi- cated resource of 265,100 ounces gold and an inferred resource of 715,800 ounces. The North Bullion, a high-grade sulphide