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Project: | Mother Lode | |
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Deposit: | Mother Lode | |
Location: | United States | |
Commodities: | Gold | |
Date: | 5/24/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 24-5-2018: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 24.38m @ 3.10g/t Au from 345.95m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TS | |
Resources: | x | |
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 further results from its resource expansion drilling program on the western side of the Mother Lode deposit (Figure 1). Results are highlighted by western stepout holes ML18-059 with 22.9m @ 1.48 g/t gold and ML18-060 with 24.4m @ 3.1 g/t gold (Table 1). The Company will continue its resource definition drill program by drilling through the summer into the start of a 30,000 metre Phase 3 drill program scheduled in September. Jeff Pontius, President and CEO of Corvus states “The recent western stepout results in conjunction with the gold mineralization at Flatiron have been encouraging and support our plans for the Phase 3 drilling program of approximately 30,000 metres to address an expansion of the Mother Lode deposit to the west, east, north and at depth. The Phase 3 program is scheduled to begin in September with the addition of two more drill rigs. The goal of the program is to evaluate our expanded deposit footprint of 800 by 500 metres with ~30 metre drill centers to a nominal depth of about 300 metres. It is an exciting time with the Mother Lode exploration program as every round of drill results received to date has expanded our vision of the deposit and its potential. The three holes returned (ML18-059 to 061) continue to outline the expansion of the Mother Lode gold system and confirm the western trend of the deposit along the main intrusive dike trend. As with earlier holes in the Western extension, the deposit is becoming dominantly oxide to the west with a continuation of the thick higher-grade zones from the main deposit. Deep oxide mineralization in these holes commonly continues to the end of the holes with additional potential to expand the deposit with deeper drilling (ML18-061 12.2m @ 1.13 g/t gold to the bottom of the hole). An additional 15 holes will be completed in the Western zone over the next two months prior to the initial resource estimate which is expected in September. | |
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