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Corvus Gold Inc.
Summary
| Project: | North Bullfrog | |
|---|---|---|
| Deposit: | Western Zone | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2017: Corvus Gold Inc. announces an Exploration/Drilling Update report for its Western Zone deposit at the North Bullfrog project. Drilling results incl. 91.44m @ 0.52g/t Au, 1.54g/t Ag from 85.34m. Corvus Gold Inc. (“Corvus” or the “Company”) - (TS | |
| Resources: | (Resource, Meas.): 3.86Mt @ 2.55g/t Au, 19.70g/t Ag at project | |
| CP/QP: | [Overall Report]: Jeffrey A. Pontius, Carl E. Brechtel (Internal) | |
| ABSTRACT: | Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces the results from nine holes in the new Western Zone, which is a combination of the previously described NWSB and Swale targets, and lies immediately west of the Company’s Sierra Blanca-YellowJacket resource (Figure 1). Results continue to outline an extensive zone of near surface gold mineralization with all holes returning broad intercepts near the current open pit resource. Drill hole NB-17-329 intercepted 91.4 metres @ 0.52 g/t gold including a higher grade stockwork vein intercept of 38.1 metres @ 0.97 g/t gold (Table 1). There are 10 holes pending from the Western Zone from this current phase of drilling. In addition, the last three holes from the Liberator Zone were returned with continued broad zones of moderate grade mineralization up dip from previous intercepts (NB-16-322 with 13.7m @ 0.74 g/t gold at about 120m from the surface). The Liberator Zone converges with the YellowJacket structural zone near surface at a depth of about 30 metres. These holes continue to outline the large Liberator structural zone which hosts broad low-grade mineralization and currently three higher grade chutes. Jeff Pontius, President and CEO of Corvus said, “The initial results from our drilling on the Western side of the Sierra Blanca deposit have returned broad zones of shallow higher grade mineralization and highlights our expansion potential. This new zone is extensive in strike length and we believe there may be other parallel mineralized bodies to the west under shallow pediment cover. As with the early exploration of new gold deposits, every hole brings greater understanding of the system’s potential. The North Bullfrog system is emerging as a very large deposit and our drilling program is now moving to test 5 “New Discovery” targets.” | |
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