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Corvus Gold Inc.
Summary
| Project: | Mother Lode | |
|---|---|---|
| Deposit: | Mother Lode | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-1-2020: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 36.58m @ 2.43g/t Au from 153.92m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeffrey A. Pontius, Carl E. Brechtel (Internal) | |
| ABSTRACT: | Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces it has received assay results from two holes from the Phase-4 Mother Lode resource expansion drill program (Table 1). Both holes returned positive results from the central part of the deposit where the Main Zone mineralization has infilled parts of the deposit not yet estimated (Figure 1). The initial Phase-4 holes in the CIZ target continue to outline a significant area that Corvus believes has potential for high-grade oxide mineralization (+1 g/t gold) immediately below the known Mother Lode deposit. These recent intercepts combined with the previous results continue to show an intimate association with a widening intrusive dike system, which projects down into the geophysical target announced late last year (NR19-18 Nov. 7, 2019). Previous drilling in the CIZ target has only penetrated the upper portion of the dike system returning broad intercepts of higher grade oxide gold mineralization (ML17-020 with 54m @ 0.77 g/t Au including 10.7m @ 2.8 g/t Au; NR18-01 Jan.10, 2018, & ML19-119 with 50.3m @ 1.50 g/t including 33.5m @ 1.94 g/t Au; NR19-19 Dec. 5, 2019). This new high-grade oxide zone is being targeted with follow-up drilling laterally and at depth to follow it down dip into the geophysical anomaly. Corvus believes the CIZ could represent a major new oxide expansion of the Mother Lode system with grades that could have the potential to support both open pit and eventually underground development as the deposit extends at depth. | |
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