Extension Of New Deep Zone Below Mother Lode Deposit

VANCOUVER, BC - Corvus Gold Inc. has received results from three additional holes including one testing the deep intrusive zone below the existing Mother Lode deposit. Hole ML19-109 highlights include 41.1m @ 2.83 g/t gold & 30.5m @ 1.71 g/t gold ending in 4.14 g/t gold, tested the depth extension potential of the central part of the Mother Lode gold system in the lower plate carbonate rocks along the main intrusive dike trend. 

The new discovery is now outlining an intrusive related deep gold zone below the main deposit which the Company’s believes could offer additional resource expansion potential. Further follow-up drilling will be testing this new lower Mother Lode zone over the next few months.  The new deep zone intersection in hole ML19-109 was targeted on the central, north trending dike swarm, about 100 meters below the main Mother Lode deposit (the initial resource estimate announced in September 2018).The new, deep zone, has an upper oxide zone in the Paleozoic carbonate rocks (6.1m @ 0.81 g/t Au) and then a main intrusive hosted zone of 30.5m @ 1.71 g/t gold which is dominantly sulfide, with the hole ending in 4.1 g/t gold, where the hole was lost due to very strong alteration.  The Deep Zone lies below the main Mother Lode deposit, which returned an upper oxide zone totaling 25 meters at 0.5 g/t and a main zone with 9.1m @ 1.17 g/t gold and 41.1m @ 2.83 g/t gold.  This new deep intersection could be defining an important intrusive connection to the main Mother Lode deposit and is separate from the Northern Extension (NR19-05, Mar.19, 2019), Western Feeder zone (NR18-17, Oct.17, 2018) and yet untested Western Deep FCF Target.   

Jeff Pontius, President and CEO of Corvus, said, “The results we have received from the deep intrusive zone are encouraging and highlight what might be a large intrusive related deposit at depth.  This drilling as well as our other deep exploration to the north and west continue to point to a rapidly expanding gold system at Mother Lode.  We believe that this continued expansion of the system and the style of mineralization could support multiple gold horizons and could potentially lead to a much larger deposit being defined in the future.  The Mother Lode system is emerging as a promising discovery and we expect it may form a cornerstone for the Company’s District-wide resource development program, offering our shareholders an opportunity to participate in a potential re-emergence of a Nevada Gold District.”    

The company’s address is Suite 1750, 700 West Pender Street, Vancouver, BC V6C 1G8, (604) 638-3246, www.corvusgold.com.