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Corvus Gold Inc.
Summary
| Project: | Mother Lode | |
|---|---|---|
| Deposit: | Mother Lode | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-4-2018: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Mother Lode deposit at the Mother Lode project. Drilling results incl. 33.5m @ 2.2g/t Au from 214.88m. Vancouver, B.C… Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: | |
| 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 results from three stepout holes in the southwest extension of the Mother Lode deposit (Figure 1) highlighted by hole ML18-053 which returned 33.5m @ 2.2 g/t gold including 19.8m @ 3.3 g/t gold. Assay results returned encouraging intercepts showing continued expansion of the deposit which is nearly all oxide to the bottom of the holes (Table 1). This thickening oxide zone to the west is consistent with mineralization found in other holes to the north and could define a fundamental change in the system as drilling progresses west. In addition, Corvus has received results from the initial two scout holes testing the Flatiron Target which is approximately 800 metres southwest of the nearest Mother Lode drill holes (Figure 2). These initial results have outlined multiple zones of low-grade, oxide mineralization with narrower higher-grade zones (Table 2). Holes ML18-053 to 055 are located at the Southwestern quadrant of the main Mother Lode target area. In this area of the Mother Lode deposit, the Main Zone of higher-grade mineralization is dominantly oxide (33.5m @ 2.2 g/t Au; 25.9m @ 1.5 g/t Au & 12.2m @ 1.27 g/t Au). This trend of expanding oxide mineralization is similar to recent holes to the north and appears to be marking an encouraging transition in the deposit as exploration progresses west. In addition, these holes continue to show a growing thickness of multiple upper zones of lower grade oxide which could benefit mine design (ML18-55 with 25.9m @ 0.94 & ML18-54 with 30.5m @ 1.13 g/t Au). The Company has at least 12 additional western stepout holes scheduled to the west and northwest as follow up for this expanding area of the deposit. | |
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