Mr. JeffreyPontius reports
CORVUS GOLD EXTENDS MOTHER LODE DEPOSIT WEST, DRILLING 70.1 METRES @ 1.41 G/T GOLD, AND NORTH, DRILLING 33.5 METRES @ 1.6 G/T GOLD
Corvus Gold Inc. has received assay results from an additional eight drill holes from its 2017 phase 1 drill program at its Mother Lode project in southern Nevada. The latest results continue to delineate the extension of the Mother Lode deposit to the west (ML-17-028 with 70.1 metres at 1.41 grams per tonne gold at a 0.1 g/t cut-off), and there appears to be early indications of a new deep zone below the historic pit zone.Additionally, a new drill fence 50 metres to the north of the northernmost drilling has shown that the system continues to expand to the north-northwest of historic hole ML-338 (73.2 m at 2.05 g/t gold).It is believed that these results continue to grow the Mother Lode deposit, which is open to the north, west, east and at depth.
Western extension and new deep in-pit zone
Assay results from holes ML-17-026 to ML-17-028, ML-17-030 and ML-17-032 provide further information for resource estimation work while extending mineralization to the west and at depth in the historic open-pit area of the deposit, with ML-17-28 returning 51.8 m at 1.86 g/t gold.Importantly, the new deeper holes drilled have intersected a new deep zone of moderate grade mineralization (deep in-pit zone) that is open at depth and could be extensive throughout the deposit to the north and at depth (ML-17-026 with 24.4 m at 0.93 g/t gold, ML-17-32 with 12.2 m at 0.81 g/t gold and ML-17-30 with 12.2 m at 0.81 g/t gold).
North expansion
Assay results from two holes drilled to the north of the prior northernmost fence of holes, which included ML-17-003 with 66.3 m at 1.24 g/t gold, reportedDec. 12, 2017, ML-17-017 with 35.1 m at 1.97 g/t gold reported Jan. 10, 2018, and historic hole ML-338, with 73.2 m at 2.05 g/t gold, returned 33.5 m at 1.60 g/t gold in ML-17-31 and 12.2 m at 2.31 g/t gold in ML-17-33. Corvus believes that these results are a strong indication that the deposit remains open to the north and north-northwest.Drilling will continue to step out to the north and determine the extent of this relatively flat-lying high-grade zone, which is currently open for expansion.
Jeff Pontius, president and chief executive officer of Corvus, stated: "The continued growth on all fronts of this new Nevada gold discovery is encouraging, and adds confidence and size to the deposit with every hole.The growth potential to the north is particularly intriguing, as the mineralization has flattened with no sign of weakening.In addition, as we get into the heart of the system, the new deep in-pit zone looks to have potential to grow in size and grade to the north.The results for the Mother Lode exploration have exceeded our initial expectations and we believe they bode well for our maiden resource estimate that is planned for the middle of this year."
PHASE 1 -- MOTHER LODE SIGNIFICANT DRILLING RESULTS -- IN-PIT EXPANSION AND NORTH TARGETSDrill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML-17-026 126.49172.21 45.721.331.73incl. 126.49129.543.051.472.01incl. 144.78169.16 24.381.722.03178.31185.937.620.572.44242.32266.70 24.380.932.28incl. 249.94256.036.091.752.86Drill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML-17-027 124.97156.97 32.000.491.02incl. 150.88153.923.051.031.62172.21176.784.570.780.94181.36213.36 32.000.631.28incl. 188.98192.023.051.333.52233.17251.46 18.290.440.88Drill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML-17-02873.15124.97 51.821.860.88incl.83.82103.63 19.813.431.28incl. 115.82121.926.102.372.60167.64172.214.570.742.10Drill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML-17-029 103.63112.789.150.430.19117.35123.446.090.731.59161.54179.83 18.291.841.46193.55196.603.050.461.56204.22240.79 36.571.853.15incl. 211.84237.74 25.902.373.75277.37286.519.141.172.41incl. 278.89284.996.101.562.39320.04338.33 18.290.903.47incl. 321.56326.144.572.556.59Drill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML-17-03059.44 62.483.040.930.58100.58105.164.570.670.12112.78117.354.570.890.06144.78155.45 10.670.970.99161.54164.593.050.351.55169.16172.213.050.370.43176.78179.833.050.350.53185.93198.12 12.190.800.55incl. 190.50193.553.051.581.01Drill holeFromToInterval GoldSilverNo.(m) (m) (m)(g/t) (g/t) ML-17-031 313.94347.47 33.53 1.603.13 incl. 313.94332.23 18.29 2.474.12 Drill holeFromToIntervalGoldSilverNo.(m) (m) (m) (g/t) (g/t)ML-17-032 137.16172.21 35.050.931.22incl. 161.54172.21 10.671.781.24181.36195.07 13.711.241.36incl. 187.45193.556.102.022.58199.64213.36 13.720.862.45231.65243.84 12.190.810.63Drill holeFromTo Interval Gold SilverNo.(m) (m)(m)(g/t)(g/t) ML-17-033 294.13306.3212.19 2.31 2.05incl. 294.13301.75 7.62 3.39 2.58 Reported 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
Mr. Pontius, 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 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 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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