Expanding High-Grade Zones And New Targets At Mother Lode Project

 

VANCOUVER - Corvus Gold Inc. has received assays results from three new drill holes at its Mother Lode project in southern Nevada. The new results are from the Main Target area and continues to confirm and expand the Upper and Lower Zones of the deposit to the North and at depth with broad intercepts. 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 meters to evaluate the Deep Target potential in the main intrusive center area of the gold system.

Jeff Pontius, President and CEO said, “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 meter intercepts.”