Mr. Jeffrey Pontius reports
CORVUS GOLD DRILLS HIGH-GRADE, 7.5 METRES OF 21.77 G/T GOLD IN NEW EAST HIGH-GRADE ZONE AT THE MOTHER LODE PROJECT, NEVADA
Corvus Gold Inc. has received additional results from two holes which are evaluating the eastern extension of the Mother Lode deposit.The company believes that these new holes continue to define a new high-grade area of the east zone of the deposit as well as a possible new broad area of deep oxide mineralization even farther to the east.East zone mineralization is primarily hosted in the upper zone Tertiary units and is well mineralized to the west of the hole.
Hole ML18-049 represents the highest-grade intercept drilled to date in the Mother Lode system (7.62 metres at 21.77 grams per tonne gold). Results to date from the east zone have now outlined a system at least 400 metres long running northwest from the eastern edge of the historic pit and hosted in the favourable Tertiary sedimentary rock package. The area remains open to the north and east and will be followed up with additional stepout holes.
Eastern extension, Mother Lode deposit
Hole ML18-049 is located at the northern end of the newly discovered east high-grade (H-G) zone and may represent a higher-grade, feeder zone that is part of the overall, large Mother Lode gold system (7.62 m at 21.77 g/t Au).The new high-grade mineralization is hosted in the middle sandstone unit of the upper plate Tertiary rock package, which hosts the bulk of the main deposit to the west.This new high-grade zone remains open and will be the target of further exploration in the coming months.
In addition, the bottom of hole ML18-048 intersected a broad zone of oxide gold mineralization in the Paleozoic carbonates that extended to the end of the hole (21.34 m at 0.77 g/t Au).This new zone of mineralization could represent the edge of a new deposit as the company explores to the eastern edge of the Mother Lode deposit.Follow-up drilling will focus on this new zone updip to the west along a parallel trend to the east H-G zone. The Mother Lode gold system continues to grow in multiple directions.
Jeff Pontius, president and chief executive officer of Corvus, stated: "This new bonanza-grade discovery within the large Mother Lode system is significant as we believe it is beginning to outline what could be multiple zones with similar potential.It is a hallmark of a large sediment hosted system like those in the Carlin trend to have areas of higher grades which can form deposits within deposits.We believe this type of discovery enhances the overall Mother Lode potential and provides the Corvus geologic team with important exploration information on how and where to target additional bonanza-grade zones in this expanding new Nevada gold discovery."
PHASE 2 -- MOTHER LODE SIGNIFICANT DRILLING RESULTS Drill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML17-048 51.82 54.863.050.41 n/a210.31214.884.573.61 n/a320.04341.38 21.340.77 n/aincl. 332.23339.857.621.20 n/aML17-049230.12237.747.62 21.77 n/a248.41252.984.570.27 n/a277.37280.423.051.20 n/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 NI 43-101, has co-ordinated the 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, the methodologies used, the results obtained, and all procedures undertaken for quality assurance and quality control, which were determined to be consistent with industry practice, 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 km 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 which totals 1,597 hectares, of which it owns 100 per cent.
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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