Ryan Ko elaborates on recent news from Corvus Gold – Tue 2 Oct, 2018

Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces it has received positive initial results from the Phase III resource expansion drilling program at the Mother Lode Project, Nevada. Results include a step out hole to the west and a deep central hole that expands the deposit at depth beyond the initial resource announced on September 18, 2018. Both western holes returned broad zones of higher-grade mineralization (ML18-080, 129.54m @ 1.12 g/t Au) and extends the Western Feeder Zone to the north (ML18-079, 19.81m @ 3.52 g/t Au).

Corvus recently completed four additional holes to the west and north along the Western Feeder Zone (Figure 1) with assays pending which have all returned encouraging indications that the mineralization remains open. The Western Feeder Zone is a potential high-grade shoot feature within the broader Fluorspar Canyon Fault (FCF) structural zone initially intersected in numerous holes during the Phase II drill program.

The Company’s Phase III resource expansion drill program is currently planned through the first quarter of 2019 but could be extended based on favourable results. Current information shows the Mother Lode deposit continuing to expand the open pit mineralization to the west and to the north along the main north-south axis. In addition, Corvus will be drilling internal holes to deepen the deposit as well as the Northeast high-grade target which has returned some of the highest-grade results on the project to date (ML18-049, 7.5m @ 21.77 g/t Au, NR18-07,
Mar. 22, 2018).

Jeffrey Pontius, President and CEO of Corvus states, “Following our maiden resource announcement, it is exciting to return such encouraging drill results that continue to expand the deposit. The Mother Lode deposit comprises part of our upcoming Preliminary Economic Assessment and its continued expansion bodes well for project improvement. We have yet to see any indication the deposit is constrained in any direction. We are working to define the deep feeder structures of the system and continue to follow those to depth with deep core drilling later in the program. This current phase of drilling will enable us to determine the regional extent of the Mother Lode deposit as we continue to build shareholder value.”

Figure 1. Plan map showing recent drill holes on Mother Lode Project with exploration target area

Table 1

Phase III – 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 0.3 g/t cutoff unless otherwise indicated below)

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 (“NI 43-101”), 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 …read more

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