Corvus Gold drills high-grade, 7.5 metres of 21.77 g/t gold in new east high-grade zone at the Mother Lode Project, Nevada
Thursday, Mar 22, 2018
Corvus Gold Inc. has received additional results from two holes which are evaluating the eastern extension of the Mother Lode deposit.  The Company believes that these new holes continue to define a new high-grade area of the East Zone of the deposit as well as a possible new broad area of deep oxide mineralization even farther to the east.  East Zone mineralization is primarily hosted in the Upper Zone Tertiary units which is well mineralized to the west of the hole.

Hole ML18-049 represents the highest-grade intercept drilled to date in the Mother Lode system (7.62m @ 21.77 g/t Au).   Results to date from the East Zone have now outlined a system at least 400 metres long running northwest from the eastern edge of the historic pit and hosted in the favorable Tertiary sedimentary rock package. The area remains open to the north and east and will be followed up with additional stepout holes.

Eastern Extension, Mother Lode Deposit

Hole ML18-049 is located at the northern end of the newly discovered East High-Grade (H-G) Zone and may represent a higher-grade, feeder zone that is part of the overall, large Mother Lode gold system (7.62m @ 21.77 g/t Au).  The new high-grade mineralization is hosted in the middle sandstone unit of the upper plate Tertiary rock package, which hosts the bulk of the main deposit to the west.  This new high-grade zone remains open and will be the target of further exploration in the coming months.

In addition, the bottom of hole ML18-048 intersected a broad zone of oxide gold mineralization in the Paleozoic carbonates that extended to the end of the hole (21.34m @ 0.77 g/t Au).  This new zone of mineralization could represent the edge of a new deposit as the Company explores to the eastern edge of the Mother Lode deposit.  Follow up drilling will focus on this new zone up dip to the west along a parallel trend to the East H-G zone.   The Mother Lode gold system continues to grow in multiple directions.         

Jeff Pontius, President and CEO of Corvus states “This new bonanza grade discovery within the large Mother Lode system is significant as we believe it is beginning to outline what could be multiple zones with similar potential.  It is a hallmark of a large sediment hosted system like those in the Carlin trend to have areas of higher grades which can form deposits within deposits.  We believe this type of discovery enhances the overall Mother Lode potential and provides the Corvus geologic team with important exploration information on how and where to target additional bonanza grade zones in this expanding new Nevada gold discovery.”    

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.

For more information, please visit: http://www.corvusgold.com

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