Corvus Gold Inc. (TSX:KOR) (OTCQX:CORVF) announces it has received results from three stepout holes in the northwest quadrant of the Mother Lode deposit (Figure 1). Assay results returned encouraging intercepts showing continued expansion of the Mother Lode deposit (Table 1). The new drill holes continue to show an expanding gold system to the north and west with thicknesses and grades continuing to improve to the west, as highlighted in hole ML18-052 with 53.3m @ 1.90 g/t Au & 41.2m @ 1.52 g/t Au.
Figure 1. Plan map showing recent drill holes on the Mother Lode Project with exploration target area
Northwest Extension, Mother Lode Deposit
Holes ML18-050 to 052 are located at the Northwestern quadrant of the main Mother Lode target area. The multiple broad intercepts in hole ML18-052 (22.9m @ 0.67 g/t Au, 53.3m @ 1.90 g/t Au, 41.2m @ 1.52 g/t Au) confirm previous results for holes ML18-043, 044, 045, which indicate that the Mother Lode gold system is strengthening and expanding to the west. Two thick oxide intercepts (22.9m @ 0.67 g/t Au & 41.2m @ 1.52 g/t Au) in this hole are now forming a sizable zone to the west, believed to be expanding the potential heap leach component of the deposit. Eight additional stepout holes to the west are in the process of being completed to address this expanding area.
Results from holes ML18-051 & 052 demonstrate that the Fluorspar Canyon Fault (FCF) Zone, which controls mineralization on the north end of the Mother Lode deposit, is nearly flat as drilling progresses north and remains open. An approximate 200 metre stepout hole to the north east of hole ML18-051 is scheduled to be drilled shortly to further define the northern extent of the main system and to chase the projection of the new high-grade zone intersected in hole ML18-049 (7.5m @ 21.77 g/t Au).
|Phase II – Mother Lode Significant Drilling Results
|(Reported intercepts are not true widths as there is currently insufficient data to calculate true orientation in space.|
|Mineralized intervals are calculated using a 0.3 g/t cutoff unless otherwise indicated below)|
|Drill Hole #||from (m)||to (m)||Interval
|ML18-050 AZ 085 dip-65||345.95||367.28||21.33||2.00||n/a||West of ML17-013
Main ML Zone
|ML18-051||356.62||385.57||28.95||1.02||n/a||West of ML17-017
East H-G Zone
|inc||356.62||371.86||15.24||1.56||n/a||1 g/t cut|
|AZ 085 dip-70||400.81||416.05||15.24||0.45||n/a||Lower OX Zone to the EOH|
|ML18-052||132.59||155.45||22.86||0.67||n/a||West of ML17-021
Upper LG Zone
|inc||149.35||153.92||4.57||1.30||n/a||1 g/t cut|
|AZ 085 dip-75||230.12||283.46||53.34||1.90||n/a||Main ML Zone|
|inc||230.12||277.37||47.25||2.09||n/a||1 g/t cut|
|385.57||426.72||41.15||1.52||n/a||Lower OX Zone to the EOH|
|inc||385.57||399.29||13.72||2.09||n/a||1 g/t cut|
|inc||408.43||414.53||6.10||2.74||n/a||1 g/t cut|
Jeff Pontius, President and CEO of Corvus states “These encouraging recent results continue to demonstrate the expansion potential of the Mother Lode deposit. The extension of the Mother Lode deposit to the North and West in holes ML18-050 to 052 is promising as the potential size continues to grow. The fact we have yet to define the extent of the system is encouraging for what might be the next major new Nevada gold deposit.”
Qualified Person and Quality Control/Quality Assurance
Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Pontius is not independent of Corvus, as he is the CEO & President and holds common shares and incentive stock options.
Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a qualified person as defined by NI 43-101, has coordinated execution of the work outlined in this news release and has approved the disclosure herein. Mr. Brechtel is not independent of Corvus, as he is the COO and holds common shares and incentive stock options.
The work program at Mother Lode was designed and supervised by Mark Reischman, Corvus Gold’s Nevada Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project log and track all samples prior to sealing and shipping. Quality control is monitored by the insertion of blind certified standard reference materials and blanks into each sample shipment. All resource sample shipments are sealed and shipped to American Assay Laboratories (AAL) in Reno, Nevada, for preparation and assaying. AAL is independent of the Company. AAL’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Finally, representative blind duplicate samples are forwarded to AAL and an ISO compliant third-party laboratory for additional quality control. Mr. Reischman, a qualified person, has verified the data underlying the information disclosed herein, including sampling, analytical and test data underlying the information by reviewing the reports of AAL, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process
About the North Bullfrog & Mother Lode Projects, Nevada
Corvus controls 100% of its North Bullfrog Project, which covers approximately 72 km² in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 865 federal unpatented mining claims. The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The Company also controls 194 federal unpatented mining claims on the Mother Lode project which totals 1,597 hectares which it owns 100% of.
About Corvus Gold Inc.
Corvus Gold Inc. is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada. In addition, the Company controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market.
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