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Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) reported that high-grade intercept NB-13-359 returned 34.4 metres @ 5.4 g/t gold and is 50 metres along strike from the previously reported intersection NB-13-356 (19.2 metres @ 10.97 g/t gold, NR-13-24, Oct 3, 2013).
As quoted in the press release:
Drill hole NB-13-350 was drilled approximately 100 metres east of the known Yellowjacket Zone and angled towards Yellowjacket and North Sierra Blanca. The hole intercepted a completely new quartz vein stockwork structure which returned 7.1 metres @ 0.98 g/t gold (Figure 1, Table 1). This new structure has the same style of quartz-sulphide veining as the other Yellowjacket veins and currently appears to have a similar north-south trend, which strengthens the Company’s belief that more covered high-grade structures should exist on the project. In addition, the hole encountered a different, thick zone of possible replacement style of mineralization at depth (42.7 metres @ 0.8 g/t gold) extending to the bottom of the hole. This new style of massive, moderate grade, mineralization correlates with a similar zone in previously reported hole NB-13-230 (26 metres @ 1.2 g/t gold, NR-13-20 Sept 5, 2013) and could represent a large new target at depth in the greater Sierra Blanca deposit area. Follow up core drilling is being planned to further define this new zone and assess its depth extent.
Corvus Gold CEO Jeff Pontius said:
Identifying yet another fault strand with the potential to host significant high-grade vein related mineralization emphasizes once again the high-grade potential of the North Bullfrog area. The possible expansion of this new high-grade potential starter pit zone is emerging as a major component of a possible new mine plan. In addition, the discovery of a new, potentially large, body at depth at the bottom of holes NB-13-350 and 230 could significantly increase the scale of the project. This information, linked with the numerous similar high-grade targets indicated by the geophysics, illustrates the potential for the district to emerge as a major new large Nevada gold system.
Click here to read the Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) press release
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