More Good News: Corvus Gold drills 19.8 m of 3.52 g/t AuCorvus Gold drills 19.8 m of 3.52 g/t Au at Mother Lode 2018-10-02 08:29 ET - News Release
Mr. Jeffrey Pontius reports
CORVUS GOLD DRILLS 19.8 METRES @ 3.52 G/T GOLD & 129.5 METRES @ 1.12 G/T GOLD IN WEST ZONE, RESOURCE EXPANSION PROGRAM, MOTHER LODE PROJECT, NEVADA
Corvus Gold Inc. has received positive initial results from the phase 3 nresource expansion drilling program at the Mother Lode project, Nevada. Results include a stepout hole to the west and a deep central hole that expands the deposit at depth beyond the initial resource announced on Sept. 18, 2018. Both western holes returned broad zones of higher-grade mineralization (ML18-080, 129.54 metres at 1.12 grams per tonne gold) and extends the Western Feeder zone to the north (ML18-079, 19.81 m at 3.52 g/t Au).
Corvus recently completed four additional holes to the west and north along the Western Feeder zone with assays pending which have all returned encouraging indications that the mineralization remains open. The Western Feeder zone is a potential high-grade shoot feature within the broader Fluorspar Canyon fault (FCF) structural zone initially intersected in numerous holes during the phase 2 drill program.
The company's phase 3 resource expansion drill program is currently planned through the first quarter of 2019 but could be extended based on favourable results. Current information shows the Mother Lode deposit continuing to expand the open-pit mineralization to the west and to the north along the main north-south axis. In addition, Corvus will be drilling internal holes to deepen the deposit as well as the Northeast high-grade target which has returned some of the highest-grade results on the project to date (ML18-049, 7.5 m at 21.77 g/t Au, news release dated March 22, 2018).
Jeffrey Pontius, president and chief executive officer of Corvus, stated: "Following our maiden resource announcement, it is exciting to return such encouraging drill results that continue to expand the deposit. The Mother Lode deposit comprises part of our upcoming preliminary economic assessment and its continued expansion bodes well for project improvement. We have yet to see any indication the deposit is constrained in any direction. We are working to define the deep feeder structures of the system and continue to follow those to depth with deep core drilling later in the program. This current phase of drilling will enable us to determine the regional extent of the Mother Lode deposit as we continue to build shareholder value."