Corvus Gold announces drill results of the Mother Lode project, Nevada
Thursday, Apr 26, 2018
Corvus Gold Inc. announces it has received results from three stepout holes in the southwest extension of the Mother Lode deposit 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.  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.  These initial results have outlined multiple zones of low-grade, oxide mineralization with narrower higher-grade zones.

Southwest Extension, Mother Lode Deposit

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.

Flatiron Gold Mineralization

The initial results from the first two holes in the Flatiron target have indicated the Mother Lode gold system extends for almost one kilometre to the west and continues to be controlled by the large Fluorspar Canyon Fault zone (FCF).  The broad low-grade intervals with narrow higher-grade zones are oxide and occur on the fault and in the carbonate rock immediately below.  This continuation of the Mother Lode gold system in this large stepout target suggests potential for continued expansion of the deposit to the west with room to more than double the current size of the system.  Mineralization in these initial holes suggests that gold mineralization is broadening with depth toward hole ML18-058 which had a thick intrusive intersection (assays pending).   Further drilling is planned for this area at the end of the Phase 2 program with a series of wide spaced holes west of the Mother Lode deposit targeting the connection of the main Mother Lode with the Flatiron area.   

Jeff Pontius, President and CEO of Corvus states “Our ongoing stepout drilling in all directions around the Mother Lode deposit indicates the system continues to grow.  The development of multiple new upper oxide zones to the west is encouraging as it could add attractive ounces to the system.  In addition, the positive results from our scout drilling at the Flatiron target are also encouraging as they indicate good potential for expanding the Mother Lode system to the west.  In addition to ongoing stepout drilling to the west, we have just completed multiple holes following-up on the new Eastern High-Grade discovery with more drilling planned for the area.  As before with every group on new holes, the Mother Lode system continues to evolve and expand.”

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