Mr. Jeffrey Pontius reports
CORVUS GOLD EXPANDS ITS DISTRICT-WIDE LAND PACKAGE BY 15 SQ. KM, ADDING SEVERAL NEW TARGET AREAS, BULLFROG DISTRICT, NEVADA
Corvus Gold Inc. has expanded its district-wide land package by approximately 14 per cent and now controls 100 per cent of 123.1 square kilometres in the Bullfrog mining district. The new 15.2-square-kilometre land package was staked as open ground and covers several new target areas along a major structural zone connecting the historic Bullfrog mine area with the newly discovered North Bullfrog deposits.
The bulk of the new ground is located immediately east of AngloGold Ashanti's new western claim block and covers targets of similar age to neighbouring deposits. Corvus Gold now possesses a commanding land position throughout the greater Bullfrog mining district, with large exploration areas and numerous priority targets covering all three known major gold events.
Qualified person and quality control/quality assurance
Jeffrey Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius has approved the disclosure herein. Mr. Pontius is not independent of Corvus Gold, as he is the chief executive officer and president and holds common shares and incentive stock options.
Carl Brechtel (Nevada PE 008744 and registered member 353000 of SME), a qualified person as defined by NI 43-101, has co-ordinated execution of the work outlined in this news release and has approved the disclosure herein. Mr. Brechtel is not independent of Corvus Gold, as he is the chief operating officer 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, Nev., 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 ISO-compliant third party laboratory for additional quality control. Mr. Reischman, a qualified person, has verified the data underlying the information disclosed herein, including sampling, analytical and test data underlying the information by reviewing the reports of AAL, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.
About the North Bullfrog and Mother Lode projects, Nevada
Corvus Gold controls 100 per cent of its North Bullfrog project, which covers approximately 72 square kilometres in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 865 federal unpatented mining claims. The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The company also controls 433 federal unpatented mining claims on the Mother Lode project, which total approximately 35 square kilometres, in which it owns 100 per cent. The total Corvus Gold 100-per-cent land ownership now covers over 100 square kilometres, hosting two major new Nevada gold discoveries.
The Mother Lode project contains a measured mineral resource for the mill of 3.29 million tonnes at an average grade of 1.41 grams per tonne gold, containing 149,000 ounces of gold and indicated mineral resources for the mill of 9.93 million tonnes at an average grade of 1.83 grams per tonne gold containing 583,000 ounces of gold and an inferred mineral resource for the mill of 2.17 million tonnes at an average grade of 1.60 grams per tonne gold containing 112,000 ounces of gold. In addition, the project contains a measured mineral resource for oxide, run of mine, heap leach of 20.04 million tonnes at an average grade of 0.29 gram per tonne gold containing 185,000 ounces of gold and an indicated mineral resource for, oxide, run of mine, heap leach of 20.1 million tonnes at an average grade of 0.37 gram per tonne gold containing 242,000 ounces of gold and an inferred, oxide, run of mine, heap leach mineral resource of 14.1 million tonnes at an average grade of 0.29 gram per tonne gold containing 129,000 ounces of gold. Refer to the news release of Corvus Gold dated Sept. 18, 2018, for additional information.
The North Bullfrog project includes numerous prospective gold targets at various stages of exploration, with four having the following modelled mineral resources (Sierra Blanca, Jolly Jane, Mayflower and YellowJacket).In phase 1, the project contains a measured mineral resource for the mill of 5.2 million tonnes at an average grade of 1.79 grams per tonne gold and 12.72 grams per tonne silver, containing 300,000 ounces of gold and 2,136,000 ounces silver, and indicated mineral resources for the mill of 5.6 million tonnes at an average grade of 1.75 grams per tonne gold and 11.86 grams per tonne silver, containing 314,000 ounces of gold and 2,128,000 ounces of silver, and an inferred mineral resource for the mill of 49,000 tonnes at an average grade of 1.9 grams per tonne gold and 18.41 grams per tonne silver, containing 3,000 ounces of gold and 29,000 ounces of silver. In addition, the project contains a phase 1 measured mineral resource for oxide, run of mine, heap leach of 5.2 million tonnes at an average grade of 0.37 gram per tonne gold and 2.42 grams per tonne silver, containing 62,000 ounces of gold and 404,000 ounces silver, and an indicated mineral resource for oxide, run of mine, heap leach of 19 million tonnes at an average grade of 0.37 gram per tonne gold and 1.3 grams per tonne silver, containing 228,000 ounces of gold and 791,000 ounces of silver, and an inferred mineral resource for oxide, run of mine, heap leach of 5.9 million tonnes at an average grade of 0.3 gram per tonne gold and 0.59 gram per tonne silver, containing 56,000 ounces of gold and 111,000 ounces of silver.
About Corvus Gold Inc.
Corvus Gold is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode districts in Nevada. In addition, the company controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects. Corvus Gold is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market.
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