VANCOUVER, British Columbia, April 05, 2018 (GLOBE NEWSWIRE) -- Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX:KOR) (OTCQX:CORVF) announces it has received results from three stepout holes in the northwest quadrant of the Mother Lode deposit (Figure 1). Assay results returned encouraging intercepts showing continued expansion of the Mother Lode deposit (Table 1). The new drill holes continue to show an expanding gold system to the north and west with thicknesses and grades continuing to improve to the west, as highlighted in hole ML18-052 with 53.3m @ 1.90 g/t Au & 41.2m @ 1.52 g/t Au.
A photo accompanying this announcement is available at https://resource.globenewswire.com/Resource/Download/f4cfb108-f6f9-41e3-bbad-a9393c69969a
Northwest Extension, Mother Lode Deposit
Holes ML18-050 to 052 are located at the Northwestern quadrant of the main Mother Lode target area. The multiple broad intercepts in hole ML18-052 (22.9m @ 0.67 g/t Au, 53.3m @ 1.90 g/t Au, 41.2m @ 1.52 g/t Au) confirm previous results for holes ML18-043, 044, 045, which indicate that the Mother Lode gold system is strengthening and expanding to the west. Two thick oxide intercepts (22.9m @ 0.67 g/t Au & 41.2m @ 1.52 g/t Au) in this hole are now forming a sizable zone to the west, believed to be expanding the potential heap leach component of the deposit. Eight additional stepout holes to the west are in the process of being completed to address this expanding area.
Results from holes ML18-051 & 052 demonstrate that the Fluorspar Canyon Fault (FCF) Zone, which controls mineralization on the north end of the Mother Lode deposit, is nearly flat as drilling progresses north and remains open. An approximate 200 metre stepout hole to the north east of hole ML18-051 is scheduled to be drilled shortly to further define the northern extent of the main system and to chase the projection of the new high-grade zone intersected in hole ML18-049 (7.5m @ 21.77 g/t Au).
| Table 1 |
| Phase II - Mother Lode Significant Drilling Results |
| (Reported intercepts are not true widths as there is currently insufficient data to calculate true orientation in space. |
| Mineralized intervals are calculated using a 0.3 g/t cutoff unless otherwise indicated below) |
| Drill Hole # | from (m) | to (m) | Interval
(m) | Gold
(g/t) | Silver
(g/t) | Comment |
| ML18-050 AZ 085 dip-65 | 345.95 | 367.28 | 21.33 | 2.00 | n/a | West of ML17-013
Main ML Zone |
| | | | | | | |
| ML18-051 | 356.62 | 385.57 | 28.95 | 1.02 | n/a | West of ML17-017
East H-G Zone |
| inc | 356.62 | 371.86 | 15.24 | 1.56 | n/a | 1 g/t cut |
| AZ 085 dip-70 | 400.81 | 416.05 | 15.24 | 0.45 | n/a | Lower OX Zone to the EOH |
| | | | | | | |
| ML18-052 | 132.59 | 155.45 | 22.86 | 0.67 | n/a | West of ML17-021
Upper LG Zone |
| inc | 149.35 | 153.92 | 4.57 | 1.30 | n/a | 1 g/t cut |
| AZ 085 dip-75 | 230.12 | 283.46 | 53.34 | 1.90 | n/a | Main ML Zone |
| inc | 230.12 | 277.37 | 47.25 | 2.09 | n/a | 1 g/t cut |
| | 385.57 | 426.72 | 41.15 | 1.52 | n/a | Lower OX Zone to the EOH |
| inc | 385.57 | 399.29 | 13.72 | 2.09 | n/a | 1 g/t cut |
| inc | 408.43 | 414.53 | 6.10 | 2.74 | n/a | 1 g/t cut |
Jeff Pontius, President and CEO of Corvus states “These encouraging recent results continue to demonstrate the expansion potential of the Mother Lode deposit. The extension of the Mother Lode deposit to the North and West in holes ML18-050 to 052 is promising as the potential size continues to grow. The fact we have yet to define the extent of the system is encouraging for what might be the next major new Nevada gold deposit.”