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Project: | Mother Lode | |
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Deposit: | Mother Lode | |
Location: | United States | |
Commodities: | Gold | |
Date: | 10/2/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 2-10-2018: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 129.5m @ 1.12g/t Au from 239.27m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TS | |
Resources: | (Resource, M+I): 53383Kt @ 0.68g/t Au, 1.159Moz Au contained | |
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 positive initial results from the Phase III resource expansion drilling program at the Mother Lode Project, Nevada. Results include a step out hole to the west and a deep central hole that expands the deposit at depth beyond the initial resource announced on September 18, 2018. Both western holes returned broad zones of higher-grade mineralization (ML18-080, 129.54m @ 1.12 g/t Au) and extends the Western Feeder Zone to the north (ML18- 079, 19.81m @ 3.52 g/t Au). Corvus recently completed four additional holes to the west and north along the Western Feeder Zone (Figure 1) with assays pending which have all returned encouraging indications that the mineralization remains open. The Western Feeder Zone is a potential high-grade shoot feature within the broader Fluorspar Canyon Fault (FCF) structural zone initially intersected in numerous holes during the Phase II drill program. The Company’s Phase III resource expansion drill program is currently planned through the first quarter of 2019 but could be extended based on favourable results. Current information shows the Mother Lode deposit continuing to expand the open pit mineralization to the west and to the north along the main north-south axis. In addition, Corvus will be drilling internal holes to deepen the deposit as well as the Northeast high-grade target which has returned some of the highest-grade results on the project to date (ML18-049, 7.5m @ 21.77 g/t Au, NR18-07, Mar. 22, 2018). | |
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