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Corvus Gold Inc.
Summary
| Project: | Mother Lode | |
|---|---|---|
| Deposit: | Mother Lode | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 3/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2019: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 126.49m @ 1.85g/t Au from 409.96m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (T | |
| Resources: | (not mentioned in this 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 it has received results from three additional holes, one being the northern most hole drilled to date and two along the eastern boundary of the Mother Lode deposit, Nevada (Table 1). Results continue to show the deposit thickening with higher grade as the system progresses north (ML19-104 best hole drilled to date at Mother Lode with 126m @ 1.85 g/t gold). This most recent drill hole continues to outline a major new and expanding center of the deposit north of the existing resource. The eastern holes intersected gold in the favorable target horizon but grades and thicknesses were lower (Figure 1). Resource expansion drilling at Mother Lode is ongoing with 15,000 metres planned during the current phase. The new North Deposit appears to be a major new zone of mineralization that could drive a new resource development program. Additionally, hole ML19-104 had thick intervals of underground type grades in the 4-6 g/t gold range with the bottom of the hole averaging almost 5 g/t gold. This hole along with holes ML18-093 (116m @ 1.8 g/t gold) and ML18-087 (114m @ 1.4 g/t gold) are defining a large new deposit north of the currently defined resource. This type of new discovery along with positive comments made by AngloGold Ashanti on their Silicon project to the north and Coeur’s planned exploration program for the Crown block to the south and west have focused substantial attention on this area of the greater Bullfrog District. In addition to the ongoing drilling at Mother Lode, Corvus is preparing to launch its 2019 new discovery program targeting both sediment hosted deposits like Mother Lode and epithermal vein deposits like its YellowJacket deposit, Barrick Bullfrog deposit and possibly the new AngloGold Silicon discovery. | |
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