Mr. Jeff Pontius reports
CORVUS GOLD CONTINUES TO EXPAND MOTHER LODE DEPOSIT EAST, AT DEPTH AND WEST, DRILLING 70.1 METRES at 1.45 G/T GOLD
Corvus Gold Inc. has received assay results from the final eight drill holes from its 2017 phase I drill program at its Mother Lode project in southern Nevada. Results from the first drill hole to specifically target to the east of the deposit (ML17-42 with 28.95 metres at 2.02 grams per tonne gold) have opened up an area which has not been directly drilled by Corvus and has only seen shallow drilling from past historic exploration programs in the 1980s.In addition, initial drill holes designed to extend the depth potential have returned encouraging results (ML17-36 with 44.19 metres at 1.33 g/t gold beginning at 280.4 metres down hole).
Corvus initiated its phase II 10,000-metre drill program on Jan. 9 to explore the areas of mineralization that remain open to the north, east and west, and at depth.
Western extension
Hole ML17-039 demonstrates the continued western extension in the core area of the currently known deposit.The thick, high-grade interval in this drill hole (70.1 m at 1.45 g/t Au) is encouraging, and the mineralization is open to the west. Previously only one historic drill hole had entered and ended in this zone, with the bottom 6.1 m at 3.3 g/t gold.Corvus is currently drilling a north-south fence about 100 metres west of hole ML17-039 and down to west of hole ML17-036 which could lead to an expansion of the deposit to the west.
Eastern extension
Two holes (ML17-041 and 042) were drilled to test the potential eastern extension of mineralization, where the key host-rock package thickens in an area with only shallow past exploration.This eastern target area has a limited number of drill holes, but is highlighted by intercepts such as ML17-042 with 29 m at 2.02 g/t gold, ML17-037 with 12.2 m at 2.69 g/t gold, ML17-011 with 10.7 m at 1.78 g/t gold and 7.6 m at 2.05 g/t gold, and ML17-010 with 12.2 m at 2.88 g/t gold. Corvus believes the results demonstrate that the system continues to the east and warrants follow-up drilling.
Depth extension of the Mother Lode system
Hole ML17-036 drilled west of the central historic pit area has intercepted strong gold mineralization in the new west-dipping deep in-pit zone across the Fluorspar Canyon fault zone in lower plate carbonates (44.2 m at 1.33 g/t gold).Corvus believes this zone of high-grade mineralization is encouraging for expanding the mineralization zones of the Mother Lode deposit west along the Fluorspar Canyon fault toward the Jasperoid Flatiron target nearly a kilometre away.
Jeff Pontius, president and chief executive officer of Corvus, states: "The results from Corvus Gold's phase I Mother Lode drilling have now outlined an expansive new sediment hosted gold discovery in Nevada.The thick, shallow-dipping near-surface high-grade bodies are continuing to grow.We believe this bodes well for the continued growth of Corvus Gold over the next several phases of deposit expansion drilling programs in 2018."
MOTHER LODE SIGNIFICANT DRILLING RESULTSDrill hole From (m) To (m)Interval (m)Gold (g/t) Silver (g/t)ML17-034100.58 123.44 22.861.18 3.27134.11 150.88 16.770.50 7.28254.51 257.563.050.39 0.44ML17-036143.26 152.409.140.76n/aincl. 147.83 150.883.051.45 2.31158.50 164.596.090.97 1.69230.12 236.226.100.60 2.50257.56 265.187.620.71 0.48280.42 324.61 44.191.33 1.40incl. 280.42 284.994.572.16 1.10incl. 295.66 313.94 18.282.10 2.50ML17-037188.98 211.84 22.860.77 0.52incl. 196.60 199.643.051.03 0.51incl. 205.74 208.793.051.21 0.56246.89 259.08 12.192.69 2.64inc 248.41 257.569.153.31 3.03ML17-038132.59 185.93 53.341.57 1.96incl. 132.59 144.78 12.192.29 2.29incl. 149.35 179.83 30.481.61 1.85281.94 304.80 22.860.49 0.37309.37 321.56 12.190.87 3.29incl. 315.47 320.044.571.22 5.66ML17-039100.58 105.164.570.46 0.15112.78 124.97 12.190.56 0.40182.88 252.98 70.101.45 1.98incl. 192.02 246.89 54.871.72 2.18ML17-040106.68 109.733.050.36n/a124.97 128.023.050.36n/a140.21 152.40 12.190.49n/a185.93 216.41 30.481.80n/aincl. 185.93 213.36 27.431.91n/aML17-041 89.92 115.82 25.900.77 0.38incl.96.0199.063.052.65 1.06150.88 166.12 15.240.89 1.99incl. 150.88 160.029.141.28 2.63ML17-042 24.3832.007.620.31 0.33150.88 179.83 28.952.02 1.86incl. 150.88 172.21 21.332.62 2.43239.27 245.366.090.43 5.46
Qualified person and quality assurance/quality control
Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, 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 CEO 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 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, as he is the COO 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.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 140 federal unpatented mining claims on the Mother Lode project which totals 1,147 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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