Resource News


Corvus Gold Inc. (TSX:KOR) announced the initial results from the first of multiple outlined priority targets from its phase 1 2015 drill program.

Corvus Gold Inc. (TSX:KOR) announced the initial results from the first of multiple outlined priority targets from its phase 1 2015 drill program.

As quoted in the press release:

The initial two core drill holes intersected the targeted Sierra Blanca NE trending structural zone that hosts productive stockwork veining. Assays returned gold mineralization exceeding +1 g/t over multiple metres that is typical for this style of YellowJacket type stockwork (Table 1). Results suggest that a YellowJacket type high grade vein/stockwork gold system with potential could exist over several hundred metres and will be followed up in the phase two 2015 drill program (Figure 1).
NB-15-425 was targeted on a series of NE-trending, moderate to steeply west-dipping structures that control alteration and quartz stockwork veining on the northwest side of the Sierra Blanca deposit and possibly the western counterpart for the YellowJacket Vein system. The Sierra Blanca deposit was originally drilled out with vertical holes. Identifying steeply dipping feeder veins similar to the YellowJacket discovered on the east side or others that could be internal or west of the deposit will be the target in the subsequent drill program. Follow-up logging after the YellowJacket discovery revealed that several of these vertical RC holes in the northern part of the Sierra Blanca deposit encountered broad intervals of low grade mineralization and northeast trending quartz stockwork veining. Hole NB-15-425 targeted a broad quartz-adularia alteration zone between the NE30 and NE40 faults at elevations equivalent to the high-grade zone in the adjacent YellowJacket Vein deposit. The upper part of hole NB-15-425 encountered 4.1 metres at 1.3 g/t Au oxide mineralization in the Savage Valley dacite on a splay of the NE30 fault zone. These grades in upper level stockwork veining hosted in dacite are consistent with those returned from the upper parts for a YellowJacket type system and follow up drilling will target this structural zone deeper to assess if the system broadens at depth. This hole continued down through broad intervals of low grade mineralization in the Pioneer Formation. Strong quartz-adularia-illite alteration and quartz stockwork veining is abundant in the Pioneer Formation throughout the hole, but no other zones of significant grade were encountered (Table 2).

Jeff Pontius, CEO of Corvus Gold, commented:

The results from these initial drill holes are highly encouraging as they point to potential to expand the high-grade mill resource already within the greater Sierra Blanca/YellowJacket WhittleTH pit. This also highlights the potential of the overall Sierra Blanca disseminated deposit to host several more of these steeply dipping feeder vein systems when effectively drilled with angle holes to augment the prior vertical drilling. As Corvus continues to explore the North Bullfrog property more and more, potential continues to emerge for this under explored, emerging new Nevada gold-silver district.

Click here to read the Corvus Gold Inc. (TSX:KOR) press release
Click here to see the Corvus Gold Inc. (TSX:KOR) profile.


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