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Corvus Gold Inc. (TSX:KOR) has commenced Phase 1 of its 2015 core drill program at the North Bullfrog Project, Nevada. Phase 1 aims to identify potential additional high-grade vein systems within the project area, and will be initially testing 5 targets including three near the Yellowjacket/Sierra Blanca area and two in the newly defined Eastern Steam-heated Zone.
The 3,000 metre drill program has been designed to identify potential additional high-grade vein systems within the project area.
Multiple compelling targets have been identified through detailed surface mapping, geophysical surveys and structural modelling that indicates the presence of multiple feeder zones that, if present, could significantly expand the high-grade resource currently defined at the YellowJacket deposit (the Company currently anticipates releasing a resource update and a Preliminary Economic Analysis for the North Bullfrog project in a single technical report in Q2 of this year).
The phase 1 drill plan calls for initial testing of 5 targets including three near the Yellowjacket/Sierra Blanca area and two in the newly defined Eastern Steam-heated Zone (Figure 1).
Corvus Gold CEO Jeff Pontius, said:
Based on what we have learned from our 2014 detailed drilling and modeling program for the YellowJacket deposit, we have identified 10 high priority targets with good potential to host high-grade vein systems similar to those at the YellowJacket and Bullfrog deposits. With our proof of concept YellowJacket, Corvus initiated an extensive mapping and geophysical program about a year ago with the belief that YellowJacket is not an isolated deposit and the District likely hosts additional high-grade systems like the similar age Bullfrog District, ten kilometres to the south. The integration of this new data with the emerging deposit’s structural detail and new district wide age date information has greatly enhanced our target definition. If discovered, new high-grade systems generated from this year’s exploration program could provide a catalyst to the North Bullfrog project and Corvus Gold, potentially unlocking future value for our shareholders.
Click here to read the Corvus Gold Inc. (TSX:KOR) press release
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