News - Mother Lode Project Update | Assay Highlights include: |
| ML18-082: | 22.9 Metres @ 2.53 g/t Gold | | |
| ML18-083: | 65.5 Metres @ 1.53 g/t Gold | | |
| ML18-084: | 54.9 Metres @ 1.6 g/t Gold | | |
VANCOUVER, British Columbia, Oct. 17, 2018 (GLOBE NEWSWIRE) -- Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces it has received further positive results from the Phase III resource expansion drilling program at the Mother Lode Project, Nevada (Table 1 & Figure 1). Results include a step out hole to the northwest of the currently defined deposit along the Western Feeder Zone (ML18-083, 65.5m @ 1.53 g/t Au) and a deep expansion of the main deposit in holes ML18-082 & 084 with 22.9m @ 2.53 g/t Au and 54.9m @ 1.6 g/t Au respectively in the deep oxide zone. Drilling continues at the project with mineralization open in all directions including at depth.
Jeffrey Pontius, President and CEO of Corvus states, “Mineralization in hole ML18-083 is encouraging as it demonstrates that the system appears to be getting thicker and better mineralized to the north of the currently defined deposit. We have scheduled a series of eight additional holes to the north and northeast of hole ML18-083 to be drilled during Phase III that potentially opens a new exploration front on the deposit. The Mother Lode deposit continues to grow while adding continuity with additional drilling. In addition, Corvus expects to announce a Preliminary Economic Assessment for the combined North Bullfrog and Mother Lode projects within the next few weeks to provide an initial economic snapshot of this new and growing Nevada Gold District.”
Table 1
Phase III - Mother Lode 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 |
| ML18-082 | 211.84 | 220.98 | 9.14 | 0.33 | n/a | East of ML18-068
Western Zone |
| AZ 090 dip-77 | 225.55 | 245.36 | 19.81 | 0.60 | n/a | |
| | 252.98 | 268.22 | 15.24 | 0.75 | n/a | |
| | 275.84 | 298.70 | 22.86 | 2.53 | n/a | |
| inc | 275.84 | 298.70 | 22.86 | 2.53 | n/a | 1 g/t cut |
| ML18-083 | 295.66 | 301.75 | 6.09 | 0.32 | n/a | West of ML17-031
north Feeder Zone |
| AZ 085 dip-70 | 323.09 | 388.62 | 65.53 | 1.53 | n/a | |
| inc | 323.09 | 326.14 | 3.05 | 1.84 | n/a | 1 g/t cut |
| inc | 330.71 | 333.76 | 3.05 | 2.31 | n/a | 1 g/t cut |
| inc | 338.33 | 377.95 | 39.62 | 1.93 | n/a | 1 g/t cut |
| ML18-084 | 233.17 | 239.27 | 6.10 | 0.79 | n/a | North of ML17-013
Western Zone |
| inc | 234.70 | 237.74 | 3.05 | 1.02 | n/a | 1 g/t cut |
| | 248.41 | 251.46 | 3.05 | 0.32 | n/a | |
| | 271.27 | 326.14 | 54.87 | 1.60 | n/a | |
| inc | 275.84 | 278.89 | 3.05 | 1.46 | n/a | 1 g/t cut |
| inc | 284.99 | 324.61 | 39.62 | 1.89 | n/a | 1 g/t cut |
| AZ 090 dip-70 | 330.71 | 336.80 | 6.09 | 0.87 | n/a | |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e34deb5-97d8-4990-97f2-c374f5232182
2018 AGM Results
In addition, the 2018 AGM was held on October 11th in Vancouver, British Columbia. All resolutions put forward at the meeting were approved by shareholders. A total of 76,095,270 common shares, representing 71.80% of the votes attached to all outstanding shares as at the record date of the meeting, were represented at the AGM. The following individuals were re-elected, by ballot, as directors of the Company: Steven Aaker, Anton Drescher, Catherine Gignac, Edward Yarrow, Rowland Perkins and the Company’s CEO & President, Jeffrey Pontius.
The detailed voting by ballot in respect of the election of directors was as follows:
| Nominee | Votes FOR | Votes WITHHELD |
| Steven Aaker | 67,256,096 (99.89%) | 72,845 (0.11%) |
| Anton Drescher | 46,393,339 (68.91%) | 20,935,602 (31.09%) |
| Catherine Gignac | 66,423,646 (98.66%) | 905,295 (1.35%) |
| Rowland Perkins | 67,260,885 (99.90%) | 68,056 (0.10%) |
| Jeffrey Pontius | 67,258,721 (99.90%) | 70,220 (0.10%) |
| Edward Yarrow | 67,260,085 (99.90%) | 68,856 (0.10%) |
Note: Routine US broker-vote shares voted without beneficial owner instructions are only eligible to vote for the appointment of auditors. Accordingly, 8,766,329 common shares were represented by proxy, but not voted.
By a resolution unanimously passed, Crowe MacKay LLP, Chartered Accountants, were appointed as the auditors for the Company for the fiscal year ending May 31, 2019 and, in accordance with the Articles of the Company, the directors were authorized to fix the auditors’ remuneration.
The result of the proxy voting on this matter was as follows:
Votes For: 75,987,021 (99.86%)
Withheld: 108,249 (0.14%)
Read more at https://www.stockhouse.com/news/press-releases/2018/10/17/corvus-gold-expands-gold-mineralization-to-the-northwest-at-the-mother-lode#pzPYYdqoOFCpMGBd.99