Corvus Continues Expansion Of YellowJacket Deposit
VANCOUVER - Corvus Gold Inc. reported drill results from the 2016 North Bullfrog exploration program. The extension of the YellowJacket structural zone was again intersected in hole NB-16-308 at the Swale target with 3.1m @ 2.24 g/t gold & 3.5 g/t silver within 9.15m @ 1.02 g/t gold & 1.93 silver, approximately 50 metres north of hole NB-16-300 (NR16-09, June 7, 2016, 18.3m @ 1.76 g/t gold). This zone of stockwork mineralization is surrounded by broad zones of low grade gold mineralization indicating the YellowJacket gold system remains strong and continuous in the northern most hole drilled to date. Drilling has now extended the YellowJacket Zone an additional 250 metres to the north of the existing resource and additional assays for recently completed holes at the Swale target are pending.
Initial drill results from the Black Vein target has now highlighted the importance of the re-emerging Liberator structural zone, a parallel structural zone just east of the YellowJacket deposit with potential to host high-grade mineralization. Significantly, drill hole NB-16-303 into the Black Vein target returned 153.92m @ 0.55 g/t gold & 0.92 g/t silver. Follow up drilling is being planned to test for significant tonnage of higher grade mineralization.
Jeff Pontius, President and CEO of Corvus said "The new results from our ongoing exploration program have been encouraging. The confirmation of the Swale discovery now outlines an extension of the YellowJacket high-grade gold system. A key focus of the next phase of exploration drilling will be the projected intersection of the Swale and NWSB zones where pending holes have encountered broad zones of stockwork quartz veining. In addition, the encouraging mineralization found north and south along the Liberator structural zone has potential to develop into another YellowJacket type system which could host significant tonnage of mill grade mineralization. We believe that these early results are rapidly expanding the potential for new resources within the immediate proximity of the current pit design. With the closing of our recent financing Corvus is in a position to rapidly delineate these new discoveries."