Mr. Jeffrey Pontius reports
CORVUS GOLD DRILLS 18.3 METRES @ 4.02 G/T GOLD, WEST ZONE STEPOUT HOLE, MOTHER LODE PROJECT, NEVADA
Corvus Gold Inc. has received further results from its resource expansion drilling program on the western and eastern sides of the Mother Lode deposit. The western expansion zone hole ML18-067 returned 18.3 metres at 4.02 grams per tonne gold, intersecting the main zone in the westernmost hole reported to date. Additionally, within the same hole a continuation of the expanding lower grade oxide zones above the higher-grade main zone were displayed with separate intercepts of 25.9 metres at 0.68 grams per tonne gold and 30.5 m at 0.67 g/t gold. This hole along with hole ML18-060 (24.4 m at 3.1 g/t gold), drilled 70 metres to the northeast, continue to show the trend of increasing grade as we drill to the west, outlining a new high-grade centre to the deposit.
The results from the east side of the deposit have shown a continuation of mineralization to the northeast along the projection of the Fluorspar Canyon fault (FCF) as illustrated by hole ML18-064 (10.7 m at 1.42 g/t gold).In addition, hole ML18-066 has extended the near-surface eastern higher-grade zone to the south of previous hole ML18-046 (30.5 m at 2.05 g/t gold) outlining some early opportunity expansion for the future mine plan.
With the continued success of the Mother Lode drill program and as a result of the company's recent financing ($4.5-million at $2.60/share, see press release dated June 7, 2018) the phase 3 program is currently being planned to complete 30,000 metres of resource stepout drilling beginning in early September.With the current phase 2 drill program, extending through August the project will now have continuous drilling activity for the foreseeable future.
Jeff Pontius, president and chief executive officer of Corvus, stated: "The new stepout results to the west and east at Mother Lode continue to show an expanding deposit.The result in hole ML18-067 continues to highlight increasing grade to the west and at depth along the main north-northeast, west-dipping, FCF/dike trend. This expanding high-grade center appears to the primary feeder structure for the Mother Lode deposit and has potential at depth to transition into a larger deposit.This large deep target will be tested in the phase 3 program with a series of deep core holes with what we believe is the potential to significantly change the scope of the Mother Lode deposit."
PHASE 2 -- MOTHER LODE SIGNIFICANT DRILLING RESULTS Drill holeFrom To Interval Gold SilverNo.(m)(m)(m)(g/t)(g/t)ML18-064294.13 315.4721.34 0.97n/aincl. 294.13 304.8010.67 1.42n/a320.04 323.09 3.05 0.43n/a367.28 370.33 3.05 0.74n/a373.38 377.95 4.57 0.30n/aML18-065 33.5336.58 3.05 0.59n/aML18-0660.0015.2415.24 1.56n/aincl. 0.00 9.14 9.14 2.24n/a 68.5879.2510.67 0.92n/aincl.76.2079.25 3.05 1.30n/a105.16 108.20 3.05 0.73n/a149.35 155.45 6.10 0.61n/aML18-067201.17 227.0825.91 0.68n/aincl. 222.50 225.55 3.05 1.18n/a233.17 263.6530.48 0.67n/aincl. 257.56 262.13 4.57 1.15n/a297.18 316.9919.81 3.76n/aincl. 298.70 316.9918.29 4.02n/aReported intercepts are not true widths as there are currently insufficient data to calculate true orientation in space. Mineralized intervals are calculated using a 0.3 g/t cut-off unless otherwise indicated.
Qualified Person and Quality Control/Quality Assurance
Jeffrey A. 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 and has approved the disclosure herein. Mr. Pontius is not independent of Corvus, as he is the chief executive officer and president and holds common shares and incentive stock options.
Carl E. Brechtel (Nevada PE 008744 and registered member 353000 of SME), a qualified person as defined by National Instrument 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, 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 judgment. There were no limitations on the verification process.
About the North Bullfrog and Mother Lode projects, Nevada
Corvus 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 194 federal unpatented mining claims on the Mother Lode project totalling 1,597 hectares which it owns 100 per cent of.
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 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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