Mother Lode Deposit Central Intrusive Zone Drilling To Enlarge Higher-Grade Zones

VANCOUVER – Corvus Gold Inc. has received additional results from the high-grade Central Intrusive Zone (CIZ) in the central feeder zone target of the at the Mother Lode project. Hole ML20-162CT drilled through the Main Zone returning typical width and grade (38.3m @ 2.15 g/t gold) and then went through multiple high-grade zones in the dominantly oxide lower CIZ, returning 34.7m @ 4.24 g/t gold, 35.9m @ 1.77 g/t gold, 24.8m @ 2.47 g/t gold & 8.9 g/t silver, 40.5m @ 1.45 g/t gold.  These multiple high-grade intercepts cover a total of 196.7 metres of down hole length and outline an important gold zone in the central high-grade feeder with increased potential to continue at depth. As with all intercepts in the deep CIZ oxide target these high-grade zones are related to intrusive dikes and show a strong association with a deeper, hotter gold system.  

Hole ML20-161CT was lost in the top of the CIZ due to poor drilling conditions but did intersect the Main Zone (11.0m @ 1.15 g/t gold) and the first high-grade zone of the CIZ with 73.2m of 1.58 g/t gold, including 40.7m @ 2.40 g/t gold.  Corvus will look to follow this hole up with another core-tail hole to extend the zone at depth in the future.

The central high-grade feeder zone was the site of the original CIZ discover hole (NR20-06, May 13, 2020, ML20-123CT with 125.5m @ 2.6 g/t gold including 14.8m @ 8.9 g/t gold & 24.7m @ 4.9 g/t gold).  The more this deeper part of the Mother Lode deposit is explored, the stronger the association there appears to be with a deep, hot, porphyry related mineralizing environment, which could be an important driver of gold systems along the large regional, Mother Lode – Silicon belt (including the Lynnda Strip discovery).    

Jeffrey Pontius, President and CEO, said, “The expansion of the central feeder zone continues to enlarge our higher-grade zones, many of which present interesting underground mining potential with attractive widths and grades should they continue below the currently projected pit bottom. As Mother Lode expands, it is emerging as a key asset to us in a major new Nevada gold belt stretching from Mother Lode in the south to Silicon in the north.  Corvus controls an impressive and growing gold mineral resource and highly strategic land package in this belt representing significant value for our shareholder with multiple development options.”