Second Hole Into the New Northern High-Grade Feeder Zone Target

VANCOUVER - Corvus Gold Inc. has received results from the second hole into the new Northern High-Grade Feeder Zone target of the Central Intrusive Zone (CIZ).  Hole ML20-165CT drilled into the CIZ returning 130.5m @ 2.33 g/t gold including 27.7m @ 4.46 g/t gold & 9.26 g/t silver.  This new high-grade feeder zone is showing good continuity and Corvus believes it could expand the grade and size of the Mother Lode gold system in the northern end of the deposit.  Like earlier results from this area (hole ML20-159CT with 83.9m @ 2.7 g/t gold including 12.7m @ 8.5 g/t gold and 30.4 g/t silver, the mineralization appears to be associated with the lower intrusives dike/breccia system of the CIZ target and extends up into the Main Zone of the Mother Lode deposit. This unique geologic setting has been very productive throughout the deposit for high-grade gold and silver mineralization and its occurrence at the north end of the deposit is encouraging for further expansion of the greater Mother Lode gold deposit.    

The highly productive Northern Feeder Zone is open to expansion to the north and northeast along the Fluorspar Canyon Fault (FCF) that trends toward the eastern end of the new Lynnda Strip discovery.  Corvus will be following up on this new target with initial drill testing of this new large untested area on the Mother Lode property.  Regionally, Coeur Mining Inc. has announced a large exploration program along the eastern and northern boundary of Corvus’ Mother Lode property as a follow-up to their recent C-Horst discovery (southern extension of Corvus’ Lynnda Strip discovery).  It is possible that all of the newly discovered mineralization in the eastern part of the Bullfrog District is related to one large, evolving gold system, localized along the southwestern edge of the Timber Mountain caldera (Mother Lode, Lynnda Strip/C-Horst, SNA, Daisy, Secret Pass & Silicon).

Jeffrey Pontius, President and CEO, said, “The continued expansion of the Mother Lode system continues to support the idea of a large-scale new eastern Bullfrog District gold system.  This system appears to be large with various deposits representing the full spectrum of gold depositional environments.  Corvus’ integrated land position with three adjacent gold producers and multiple discoveries gives it a unique and insightful position in the development of this large-scale deposit complex.  Corvus will continue to advance its understanding of this new, large Nevada gold system and communicate that knowledge to its shareholders.  It is a very busy and exciting time in the Bullfrog District as we and our shareholders watch exploration unfold.”