Corvus Gold Intersects Gold-Silver System in North Bullfrog Project, Nevada

Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced positive results from the initial two scout drill holes in the new and previously untested Eastern Steam-heated Zone on its North Bullfrog project.
As quoted in the press release:

Results from the initial holes in the Alunite Hill target area intersected multiple zones of low-grade gold and silver representing the first confirmation that gold-silver systems are present in this large untested target area (Table 1).  Mineralization appears to be directly related to the large outcropping alteration system that currently covers 14 square kilometres along the NNW trending structural zone.  The first pass scout drilling in the Eastern target area drilled six holes in three of the eight targets to be tested in 2015 (Figure 1).
In addition, final results from an initial soil survey of the East Bullfrog structural belt returned a number of surface gold and silver anomalies which correlate with known, large structural zones and are enhancing targeting for follow-up drilling (Figure 2).
The ongoing 2015 drill program is targeting new vein systems as well as the expansion of the YellowJacket deposit in the Western Resource Area (WRA). Four to five targets in the WRA will be drilled before returning to the East Bullfrog belt for follow up and new target testing.
Alunite Hill Target
The initial two scout holes into Alunite Hill intersected a shallow (~350) west dipping structural zone with characteristic high level alteration and scattered zones of thin stockwork veining.  The low angle, west dipping nature of the structural zone is analogous to the major controlling structural zone at the historic Bullfrog mine to the south which also had scattered low grade gold and silver intercepts distal to the main ore body.  The low grade gold and silver mineralization is also similar to the distal parts of the YellowJacket deposit in particular with broader areas of silver mineralization generally surrounding gold mineralization.   In addition the occurrence of silver to gold ratios of about 10-1 is a good indicator for mineral systems that have potential for high-grade, YellowJacket type vein systems.  The current vectors from these initial two holes and the surface soil results would indicate hotter and better grade parts of the system would be to the NW which is emerging as a strong follow-up target.

Table 1: Initial Results from Alunite Hill Target
(Reported drill intercepts are not true widths.  At this time, there is insufficient data with respect to the shape of the mineralization to calculate its true orientation in space.)

From (m)	To (m)	Length (m)	Gold (g/t)	Silver (g/t)
NB-15-260 Azi 45 Incl -45	128.02	134.11	6.09	0.19	1.705
	192.02	193.55	1.52	0.105	2.090
Notable Silver Zones	121.92	134.11	12.19	1.989
	140.21	147.83	7.62	3.088
	164.59	175.26	10.67	1.386
NB-15-261 Azi 45 Incl -70	111.25	115.82	4.57	0.153	0.290
	121.92	124.97	3.04	0.171	0.475
	129.54	131.06	1.52	0.103	0.590

*all intercepts utilize a cutoff of 0.1g/t gold with the exception of the stockwork zones which use a 1.0 g/t gold cutoff.

Figure12.  North Bullfrog District scale target map.

Figure 2.  East Bullfrog area gridded gold in soil map with hotter colors representing higher gold values. 

Corvus Gold CEO, Jeff Pontius, stated:

These initial results from our previously untested exploration target area are encouraging.  Results have demonstrated the presence of gold-silver mineralization at depth and are directly related to this very large alteration system.  In addition the numerous surface anomalies generated by our most recent soil survey have enhanced our targeting and demonstrated the potential scale of the system.  The detection of gold and silver mineralization in the large East Bullfrog target area has the potential to be a game changer for the property as the area is nearly three times the size of the area hosting our current deposits.  Given the strong economic results demonstrated in the Company’s recent PEA and our ongoing District wide exploration for new and expanding high-grade discoveries, we believe that Corvus Gold is uniquely positioned in the junior sector to make a major value impact in the coming months.

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