Corvus Gold Inc. (TSX: KOR, OTCQX: CORVF) announces it has received initial results from the first two holes of its 2017 Phase I drilling program at its newly acquired Mother Lode project in southern Nevada (Table 1). The results have outlined two stacked, higher-grade zones within the deposit: An Upper Zone, hosted in intrusive and Tertiary sediments which is the primary initial target along the Mother Lode structural zone, and a newly discovered Lower Zone, approximately 40 metres below the Upper Zone within and below the Fluorspar Canyon Fault (FCF) hosted by intrusives and Paleozoic sedimentary rock.
Jeff Pontius, President and CEO of Corvus states “These early results represent the first new exploration at the Mother Lode property in over 20 years (when gold was ~$300/oz), and have resulted in what we believe is a significant new discovery. The results are not only confirming our initial Mother Lode, Upper Zone resource target but importantly have confirmed two new targets in the system, the high-grade, north trending Mother Lode Structural Zone and the lower plate, Paleozoic, sediment/intrusive hosted Lower Zone below the large Fluorspar Canyon Fault. In addition, the high degree of oxidation in the lower plate section and abundant intrusive activity bode well for this new target environment. Our ongoing drilling continues to hit broad zones of encouraging alteration and deep oxidation in this new Lower Zone of the deposit which we believe is outlining potential for additional zones below our current depth of drilling. These recent results are opening the door for a new era of exploration in the Mother Lode area.”
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