By Big Al
Corvus Gold Drills 54.9m @2.7 g/t Gold, Continues Expanding High-Grade Aones and Identifies New Targets at the Mother Lode Project, Nevada
Corvus Gold Drills 54.9m @ 2.7 g/t Gold , Continues Expanding High-Grade Zones and Identifies New Targets at the Mother Lode Project, Nevada
November 7, 2017
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Assay Highlights Mother Lode Deposit include:
Highlighted Mineralized intervals are calculated using a 0.5 g/t cutoff, with high-grade Mother Lode Structure using a 2 g/t cutoff
ML-17-005:
33.53 metres @ 2.91 g/t gold
incl. 10.67 metres @ 6.27 g/t gold (high-grade Mother Lode Structure)
ML-17-007:
54.87 metres @ 2.70 g/t gold
incl. 9.14 metres @ 6.96 g/t gold (high-grade Mother Lode Structure)
ML-17-009:
27.43 metres @ 2.10 g/t gold
incl. 3.05 metres @ 6.17 g/t gold (high-grade Mother Lode Structure)
Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces it has received assays results from three new drill holes at its Mother Lode project in southern Nevada (Table 1). The new results are from the Main Target area (Figure 1) and continues to confirm and expand the Upper and Lower Zones of the deposit to the North and at depth with broad intercepts that include hole ML-005, 33.53m @ 2.91 g/t Au & ML-17-007, 54.82m @ 2.70 g/t Au (both intercepts at 0.5 g/t gold cutoff).Additionally, the higher-grade Mother Lode Structural Zone continues to track north and extend at depth (ML-005, 10.67m @ 6.27 g/t Aunorth extension & ML17-007, 9.14m @ 6.96 g/t Au deepest hit to date at ~250m down hole).
These most recent holes have also intersected a new upper zone of low-grade mineralization in the Crater Flat Tuff (CF Zone), with oxide mineralization that the Company believes could be potentially similar to Corvus’ Sierra Blanca deposit at the North Bullfrog property, as well as the Secret Pass deposit and the Bullfrog deposit to the west. There was little to no historical data on the CF Zone as many parts of this area were never assayed when it was previously drilled. Additionally, hole ML17-005 ended in low-grade mineralization below the Lower Zone target which the Company believes could be indicating a low-grade halo from the Deep Target Zone below.Corvus has recently began a series of deeper holes to 450 metres to evaluate the Deep Target potential in the main intrusive center area of the gold system.
Jeff Pontius, President and CEO of Corvus states “These latest results are expanding the overall Mother Lode gold deposit as well as identifying new areas of gold mineralization in the system. The consistent high-grade nature of the Mother Lode deposit is characteristic of a large, intrusion related, sediment hosted deposit. In addition, the continuity of the high-grade Mother Lode Structural Zone is encouraging as it is now defining a sizable body that remains open to the north and down dip with multiple +5 g/t gold over 10 metre intercepts.”
Figure 1. Plan map showing recent drill holes on the Mother Lode Project
Table 1
Phase I – Mother Lode Significant Drilling Results – Main Target
Source:: The Korelin Economics Report
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