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Corvus Gold (TSX:KOR, OTCQX:CORVF) announced its latest results from its 2014 drilling program at the Yellowjacket Deposit in the North Bullfrog project in Nevada. The company hit gold and silver grades ranging from 2 g/t of gold at 54.6 meters to 5.7 g/t of gold at 3.7 meters. On the silver side, it ranged from 6.2 g/t of silver to 75.4 g/t of silver at 37.7 meters.
According to the press release:
- Hole NB-14-418, a broad high-grade intercept (37.7 metres of 4.1 g/t gold and 75.4 g/t silver) with significant silver that extends the previously discovered Gap Shoot Zone to the north.
- Hole NB-14-415 (54.6 metres with 2 g/t gold and 6.2 g/t silver) tested the zone about 200 metres down dip from the surface.
- Hole NB-14-411 (3.7 metres with 5.7 g/t gold and 19.2 g/t silver) extends the known mineralization of the Josh Vein system 50 metres north and 50 metres up dip from any previous drilling to date.
- Holes NB-14-408 (15.9 metres with 1.3 g/t gold and 4.6 g/t silver) and NB-14-409 (29.6 metres with 1.4 g/t gold and 2.7 g/t silver) tested the main Yellowjacket system approximately 225 metres down dip from the surface confirming its open at depth.
Jeff Pontius, CEO of Corvus, said:
The continuity of mineralization in the main Gap Shoot Zone demonstrates the high-grade potential of the project and could have a positive impact on the upcoming resource update. The high-grade gold intercepts in the Yellowjacket target area will form the foundation for a new mine plan of our PEA analysis scheduled for Q2, 2015. Our comprehensive work on the Yellowjacket system and our extensive surface exploration program in 2014 has now delineated several high priority exploration targets within the District with potential for other YellowJacket type discoveries. Initial testing of these exploration targets will begin this spring and carry on through the year which will continue to add to the potential on this exciting new Nevada high-grade gold-silver discovery.
Click here to read the Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) press release
Click here to see the Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) profile.