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Corvus Gold Inc.
Summary
| Project: | Mother Lode | |
|---|---|---|
| Deposit: | Mother Lode | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-1-2019: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 115.82m @ 1.83g/t Au from 371.86m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (T | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: Jeffrey A. Pontius (Internal) | |
| ABSTRACT: | Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces the initial five holes from the northern extension of its Phase-III resource expansion drill program at the 100% owned Mother Lode Deposit in Nevada (initial resource announced, September 2018). Step out holes have outlined potential for an expansion of the Mother Lode gold system to the north with the mineralized zone thickening and grades increasing (see Table 1, highlighted by ML18-093, 115.8m @ 1.83 g/t Au). Exploration modelling from the ongoing program are identifying potential for a new mineralization center to the North of the currently defined resource, which is scheduled to be tested with an aggressive grid drilling program this year (Figure 1). Gold mineralization in these northern holes has defined a strong N-S vector along the Fluorspar Canyon Fault (FCF) near the intersection with the Tertiary sediments, hosting both the upper sulfide zone and the lower oxide zone. This highly broken, structural intersection, has also localized multiple dikes which along with the sediments are a major ore host for the higher-grade mineralization (ML18-093 115.8m @ 1.83 g/t Au & ML18-83 65.5m @ 1.53 g/t Au). These results are encouraging for further resource expansion to the north which remains open. In addition, most of these northern step out holes ended in thick zones of oxide mineralization as highlighted by hole ML18-092 (24.4m @ 1.22 g/t gold) which ended in oxidized carbonates with a grade of 3.36 g/t gold. Further follow up drilling will target the thickest and highest-grade part of the FCF target to the north of ML18-092 and ML18-093 as well as up and down dip. | |
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