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Corvus Gold Returns 118m @ 1.84 g/t Gold including 82m @ 2.01 g/t Gold and 10.7m @ 3.18 g/t Gold from Mother Lode Deposit, Eastern Bullfrog Gold District, Nevada

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Corvus Gold Returns 118m @ 1.84 g/t Gold including 82m @ 2.01 g/t Gold and 10.7m @ 3.18 g/t Gold from Mother Lode Deposit, Eastern Bullfrog Gold District, Nevada

 

 

 

 

 

Corvus Gold Inc. (TSX: KOR) (NASDAQ: KOR) announces it has received additional drill hole results from the Mother Lode mineral resource expansion program (Table 1, Figure 1). The mineralization defined in these new drill holes continues to support the expansion of Mother Lode’s Main Zone in the northern part of the deposit as demonstrated by ML20-193CT (118m @ 1.84 g/t Au). The Company believes that these results continue to increase the expansion potential of the Mother Lode deposit. An updated mineral resource estimate is expected to be prepared upon completion of this round of drilling.

 

Unfortunately, drill hole ML20-193CT was terminated early due to poor drilling conditions as it entered the oxide, Central Intrusive Zone (CIZ) which is below the Main Zone. The potential of this area has been defined in part by earlier drill holes such as ML20-159CT (NR20-18, Nov. 12, 2020, 102m @ 2.30 g/t Au) and ML20-165CT (NR21-01, Jan.6, 2021, 149m @ 2.10 g/t Au). The northern feeder area of the Mother Lode deposit is shaping up to be as large and important as the central feeder zone with potential continued extension at depth. Hole ML20-173CT is confirming a lower grade part of the northern feeder that was hit in earlier hole ML20-179CT.

 

Jeffrey Pontius, President and CEO of Corvus, said, “As we get close to wrapping up this phase of Mother Lode mineral resource expansion drilling, it has become obvious there is more work to do for further expansion. With the numerous higher-grade intercepts in the deeper parts of the Mother Lode deposit, there appears to be good potential to expand mineral resources below the proposed pit bottom into an underground deposit. As we have seen with new results and expanded exploration activity across the eastern District, we are just beginning to see the potential of this new, exciting, Nevada gold District.”

 

Table 1: Mother Lode 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 cut off grades of 0.3 for the Main Zone and 0.1 g/t for CIZ)

 

Drill Hole # from (m) to (m) Interval (m) Gold (g/t) Silver (g/t) Comment
ML20-173CT
AZ 085 dip-68
319.13 328.86 9.73 1.43 0.34 Main Zone
  351.90 374.72 22.82 1.09 2.09 Main Zone
inc 351.90 361.47 9.57 2.05 2.80 1 g/t cut
  412.09 430.92 18.83 0.55 3.41 CIZ

 

ML20-193CT
AZ 087 dip-67
315.65 433.93 118.28 1.84 3.14 Main Zone
Lost hole top of CIZ
inc 332.84 343.51 10.67 3.18 2.51 1/ g/t cut
inc 348.08 430.10 82.02 2.01 2.55 1 g/t cut

 

 

https://www.globenewswire.com/NewsRoom/AttachmentNg/ed288b65-4f9a-4ac3-a64f-5979cb1d4df7

Figure 1. Location map for new Mother Lode drill holes, East Bullfrog District, Nevada

 

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 reviewed and 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 also reviewed and approved the disclosure herein. Mr. Brechtel is not independent of Corvus, as he is the CAO 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 mineral 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. Pontius, 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.

 

Mr. Wilson, 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.

 

Metallurgical testing on North Bullfrog and Mother Lode samples has been performed by McClelland Analytical Services Laboratories Inc. of Sparks Nevada (“McClelland”), Resource Development Inc. of Wheatridge, CO (RDi) and Hazen Research Inc. of Golden, CO (HRi). McClelland is an ISO 17025 accredited facility that supplies quantitative chemical analysis in support of metallurgical, exploration and environmental testing using classic methods and modern analytical instrumentation. McClelland has met the requirements of the IAS Accreditations Criteria for Testing Laboratories (AC89), has demonstrated compliance with ANS/ISO/IEC Standard 17025:2005, General requirements for the competence of testing and calibration laboratories, and has been accredited, since November 12, 2012. Hazen Research Inc. (“Hazen”), an independent laboratory, has performed flotation, AAO testing and cyanide leach testing on samples of sulphide mineralization from the YellowJacket zone and Swale area of Sierra Blanca, and roasting tests on Mother Lode flotation concentrate. Hazen holds analytical certificates from state regulatory agencies and the US Environmental Protection Agency (the “EPA”). Hazen participates in performance evaluation studies to demonstrate competence and maintains a large stock of standard reference materials from the National Institute of Standards and Technology (NIST), the Canadian Centre for Mineral and Energy Technology (CANMET), the EPA and other sources. Hazen’s QA program has been developed for conformance to the applicable requirements and standards referenced in 10 CFR 830.120 subpart A quality assurance requirements, January 1, 2002. Resource Development Inc. is a state-of-the-art laboratory for metallic and industrial minerals filling a need for high quality, cost-effective, and timely technical services for the international mining industry.

 

For additional information see the following: “Technical Report and Preliminary Economic Assessment for Gravity Milling and Heap Leach Processing at the North Bullfrog Project, Bullfrog Mining District, Nye County, Nevada”, dated November 21, 2020 with an effective date of October 7, 2020 and “Technical Report and Preliminary Economic Assessment for BIOX Mill and Heap Leach Processing at the Mother Lode Project, Bullfrog Mining District, Nye County, Nevada” dated November 21, 2020 with an effective date of October 7, 2020, each of which is available under Corvus’ profile on SEDAR at www.sedar.com.

 

About the North Bullfrog & Mother Lode Projects, Nevada

 

Corvus controls 100% of its North Bullfrog Project, which covers approximately 90.5 km2 in southern Nevada.  The property package is made up of a number of private mineral leases of patented federal mining claims and 1,134 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 445 federal unpatented mining claims on the Mother Lode project which totals approximately 36.5 kmwhich it owns 100%.  The total Corvus 100% land ownership now covers over 127 km2, hosting two major new Nevada gold discoveries.

 

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.

 

Posted June 24, 2021

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