Corvus Gold Actiities - Thu 12 Jul, 2018

The Korelin Economics Report

Today’s Press Release from Corvus Gold

We will elaborate on this Press Release tomorrow and answer questions with Jeff Pontius or Ryan Ko

Corvus Gold via
5:32 AM (7 hours ago)
to me

Corvus Gold Drills 109.7 Metres @ 1.4 g/t Gold (including 54.8m @ 1.86 g/t gold), West Zone Stepout, Mother Lode Project, Nevada


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Expands Land Package by 120% North Connecting Mother Lode and North Bullfrog

Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces it has received additional results from its resource expansion drill program on the western extension of the 100% owned Mother Lode deposit (Figure 1 & 2). The most recent result, hole ML18-068, the western-most hole drilled to date, returned 109.73 metres @ 1.40 g/t gold from the feeder structure for the main Mother Lode deposit (Table 1). This is the broadest intercept in the West Zone feeder structure returned to date and continues to highlight the importance of this new area which was also intersected in earlier reported holes ML18-067 (NR18-12, June 13, 2018, 18.3m @ 4.02 g/t Au) and ML18-060 (NR18-10, May 24, 2018, 24.4m @ 3.10 g/t Au). Recently completed holes in the West Zone (ML18-072 to 18-075) are pending assays and will be a priority follow up target area in the Phase III program (Figure 2).

Additionally, Corvus expanded its Mother Lode claim group by 120% covering the southeastern extension of its North Bullfrog project to connect with the Mother Lode and AngloGold Ashanti’s, Silicon project (Figure 3). The large epithermal systems at North Bullfrog are of similar age and style to the Silicon system to the southwest and Barrick Gold’s historic Bullfrog mine to the south and the Company believes the systems hold potential for additional large epithermal discoveries.

With the establishment of a mineral resource estimate pending additional positive exploration results, the Company envisions a potential scenario for mineralized material from the Mother Lode property to be trucked to a central processing area that is approximately one kilometre away. Processing on a nearby claim block is expected to enable development without additional ground being required. Additionally, higher grade mineralized material from the North Bullfrog property is also envisioned to be trucked to the same area via overland transport. The surface landowner in this region of Nevada is the US Federal Government, which provides unrestricted access across its land for mineral extraction and processing.

Jeff Pontius, President and CEO of Corvus states “Our new western stepout hole ML18-068 continues to highlight the significance of our new West Zone feeder structure discovery at the Mother Lode deposit (Figure 2). Our new knowledge of the Fluorspar Canyon Fault (FCF) structural bend as it turns to the north and its relation in forming the Mother Lode deposit and feeder structure has given us a good handle on all aspects of the deposit. It is now determined that this important characteristic is uniquely contained on the core Mother Lode claim block, with only limited and low-grade fringe mineralization trending to the south across …read more

Source:: The Korelin Economics Report