Corvus drills 115.82 m of 1.83 g/t Au at Mother Lode

Stockwatch Daily - - MINES & METALS - Mr. Jeff Pon­tius re­ports

CORVUS GOLD Inc. has re­leased re­sults from the ini­tial five holes from the north­ern ex­ten­sion of its phase III re­source ex­pan­sion drill pro­gram at the 100-per­cent-owned Mother Lode de­posit in Nevada (ini­tial re­source an­nounced Septem­ber, 2018). Stepout holes have out­lined po­ten­tial for an ex­pan­sion of the Mother Lode gold sys­tem to the north with the min­er­al­ized zone thick­en­ing and grades in­creas­ing (see ta­ble, high­lighted by ML18-093: 115.8 me­tres at 1.83 grams per tonne gold). Ex­plo­ration mod­el­ling from the con­tin­u­ing pro­gram is iden­ti­fy­ing po­ten­tial for a new min­er­al­iza­tion cen­tre to the north of the cur­rently de­fined re­source, which is sched­uled to be tested with an ag­gres­sive grid drilling pro­gram this year.

Gold min­er­al­iza­tion in these north­ern holes has de­fined a strong north-south vec­tor along the Fluorspar Canyon fault (FCF) near the in­ter­sec­tion with the Ter­tiary sed­i­ments, host­ing both the up­per sul­phide zone and the lower ox­ide zone. This highly bro­ken, struc­tural in­ter­sec­tion has also lo­cal­ized mul­ti­ple dikes which along with the sed­i­ments are a ma­jor ore host for the higher-grade min­er­al­iza­tion (ML18-093: 115.8 m at 1.83 g/t Au and ML18-83: 65.5 m at 1.53 g/t Au). These re­sults are en­cour­ag­ing for fur­ther re­source ex­pan­sion to the north which re­mains open.

In ad­di­tion, most of these north­ern stepout holes ended in thick zones of ox­ide min­er­al­iza­tion as high­lighted by hole ML18-092 (24.4 m at 1.22 g/t gold) which ended in ox­i­dized car­bon­ates with a grade of 3.36 g/t gold. Fur­ther fol­low-up drilling will tar­get the thick­est and high­est-grade part of the FCF tar­get to the north of ML18-092 and ML18-093 as well as up and down dip.

(See KOR Ta­ble 1 on page 5)

Jeff Pon­tius, pres­i­dent and chief ex­ec­u­tive of­fi­cer, said: “We are ex­cited about the thick­nesses of both sul­phide and ox­ide zones to the north which ap­pear to be in­di­cat­ing a new cen­tre of min­er­al­iza­tion sim­i­lar to the cur­rent known de­posit to the south which is en­cour­ag­ing for an ex­pan­sion of the Mother Lode de­posit. We have been drilling the Mother Lode de­posit for the past 18 months and have yet to find the edge of it in any di­rec­tion. With the ini­tial re­source only in­clud­ing drilling through mid-July, these and ear­lier re­sults point to con­tin­ued ex­pan­sion po­ten­tial. Our evolv­ing un­der­stand­ing of the over­all Mother Lode sed­i­ment-hosted sys­tem is help­ing de­fine other new tar­gets through­out our large 122 square km land pack­age.”

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease ([email protected]­watch.com).

Steven K Aaker, An­ton Jo­hann Drescher, Cather­ine A Gignac, Row­land Chaine Perkins, Jeffrey A Pon­tius, Ed­ward Wil­liam Yar­row

(KOR) Shares: 106,810,945

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