Mr. Jeffrey Pontius reports
CORVUS GOLD DRILLS 59.4 METRES @ 2.36 G/T GOLD IN WEST ZONE STEPOUT, MOTHER LODE PROJECT, NEVADA
Corvus Gold Inc. has received positive results from the final eight western stepout holes from the phase II drill program at Mother Lode project, Nevada.All drill results to date, including 172 historical holes for a total of 250 drill holes, will be included in the maiden mineral resource estimate scheduled for release later this month (see attached table). The expansion potential of the Western zone, and notably the Western Feeder zone at depth, is highlighted by drill holes ML18-074 (25.9 metres at 2.34 grams per tonne gold) and ML18-077 (50.3 m at 2.67 g/t Au). Mother Lode's phase III drill program is already under way and is expected to continue to further expand the project to the west, north and at depth as outlined over the past year.
The Western feeder zone is a potential high-grade shoot feature within the broader Fluorspar Canyon fault (FCF) structural zone and has been intersected by a number of recent holes with encouraging results: ML18-060, 21.3 m at 3.47 g/t Au; ML18-067, 18.3 m at 4.02 g/t Au; ML18-068, 54.9 m at 1.86 g/t Au; ML18-074, 25.9 m at 2.34 g/t Au; and ML18-077, 50.3 m at 2.67 g/t Au.The Western Feeder zone is the structural target at depth where the favourable Mother Lode sequence of host rocks occur adjacent to the feeder structure.
Corvus Gold has now defined a broad western extension of the Mother Lode deposit, which remains open and will be addressed in the phase III program.In addition, the phase III program will also address expansion potential on the northern and eastern extension of the deposit as well as new internal deep feeder targets that have emerged from the resource modelling process.
Jeffrey A. Pontius, president and chief executive officer of Corvus, states: "Our new western drill hole results have provided our exploration team with a clear target for expanding the deposit to the west.In addition, the broad high-grade Western Feeder zone is now defined and a target developed for additional exploration at depth, which will be drilled with core holes.Furthermore, deep feeder type potential is also emerging to the east from our modelling work and is scheduled to be addressed during the phase III drill program. Our ongoing drilling continues to unlock potential for this new Nevada gold deposit which we believe will be a catalyst to Corvus Gold and its shareholders."
PHASE II -- MOTHER LODE DRILLING RESULTS Drill hole No.From (m)To (m)Interval (m)Gold (g/t)Silver (g/t) CommentML18-071 240.79243.843.050.520.69 SW of ML18-070 South extensionML18-072 362.71368.81 6.10.360.63 West of ML18-060 402.34416.05 13.71 1.84.33Lower OX ZoneML18-073 321.56370.33 48.771.191.22 West of ML18-069inc338.33361.19 22.861.741.621 g/t cutML18-074298.7320.04 21.341.440.87 West of ML17-067inc300.23315.47 15.241.740.951 g/t cut 352.04391.67 39.631.676.28inc364.24390.1425.92.349.371 g/t cutML18-075463.3469.396.09 10.57 West of ML18-072inc 463.3466.343.05 1.40.861 g/t cutML18-076 423.67432.829.151.391.32 West of ML17-073ML18-077342.9402.34 59.442.362.36 West of ML18-068inc344.42394.7250.32.672.591 g/t cutML18-078 371.86390.14 18.281.491.82 West of ML18-073inc373.38385.57 12.191.972.341 g/t cutReported 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.
Qualified person and quality control/quality assurance
Mr. 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 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 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 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 totals approximately 35 square km, in which it owns 100 per cent.The total Corvus Gold 100-per-cent land ownership now covers over 100 square km, hosting two major new Nevada gold discoveries.
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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.