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Corvus Gold Inc.
Summary
| Project: | Mother Lode | |
|---|---|---|
| Deposit: | Mother Lode | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2019: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 47.25m @ 2.15g/t Au from 413.00m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TS | |
| 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 latest results from the initial three, western resource expansion holes from Phase III drilling at the Mother Lode deposit (Table 1). Results continue to show high potential for expanding the deposit to the west and north along the Fluorspar Canyon Fault Zone (FCF). As with earlier holes in the western part of the deposit, gold mineralization generally extends to the bottom of the holes, which the Company believes suggests additional potential at depth (Figure 1). Gold mineralization in hole ML18-087 (41.1m @ 1.32 g/t Au & 47.3m @ 2.15 g/t Au) and the updip intersection in hole ML18-083 (65.5m @ 1.53 g/t Au, NR18-17, Oct. 17, 2018) and northern hole ML18-093 (115.8m @ 1.83 g/t Au, NR19-01, Jan. 10, 2019) continue to define what appears to be a new center of mineralization to the north. Additionally, results from ML18-087 continues to support the target for the corresponding down dropped West Mother Lode zone at depth to the west of the FCF. This area remains open in all directions. Additional follow-up holes have been completed to the southwest along the FCF with results pending and further drilling in progress. The Phase III, western deep core drilling program is scheduled to start in the coming months, targeting what could be the other half of the Mother Lode deposit west along the FCF. If this exploration is successful the Company believes that the potential deposit expansion could be extensive. Jeff Pontius, President and CEO of Corvus, said, “These western holes are very encouraging for the continued expansion of the Mother Lode deposit and strongly support our initial deep western exploration. The potential of finding another Mother Lode deposit to the west at depth is exciting and continues to point to the opportunity the exploration program offers to the Corvus shareholders. Given the style of mineralization at Mother Lode and our continued drilling success, the ultimate potential of the system could be much larger than our initial expectations.” | |
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