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Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) reported new results from the 2014 Phase One drill campaign at the North Bullfrog Project in Nevada. Hole NB-14-377 in the Yellowjacket deposit, intersected the Josh Vein 150 metres down dip from the surface a returning 17 metres @ 2 g/t gold and 8 g/t silver establishing the down dip continuity. Assay results now include the full intercept of the previously reported hole NB-14-378.
As quoted in the press release:
Full assay results have now been received from hole NB-14-378 (initially reported in NR-14-08, March 3, 2014) which intersects the West Vein about 65 metres down dip from hole NB-14-379. The hole returned a vein intersection of 9.2 metres @ 18 g/t gold and 260 g/t silver, thereby establishing the elevation control on the top of the high grade veins in the greater Yellowjacket – West Vein area (Figure 2). This same elevation control may be reflected in hole NB-14-380 (initially reported in NR-14-09, March 13, 2014) with an upper zone, at 50 metres down-hole depth, of 3.6 metres of 4.19 g/t gold and 150 g/t silver and a lower zone, about 40 metres down-hole deeper, of 4.8 metres @ 13.8 g/t gold and 243 g/t silver. The assays from the remainder of this hole, which include the areas between and surrounding the veins, are pending. As the Phase One program continues, drilling is intended to outline the expansion potential of the new West Vein discovery and conduct initial testing of the northern and southern extension potential, as well as test the depth extent, of the Yellowjacket deposit.
Corvus Gold CEO, Jeff Pontius, said:
The extension of the main Josh Vein to the south and the development of a large new high-grade quartz vein system in the West Vein target bode well for the potential expansion of the Yellowjacket high-grade resource. As we drill these priority high-grade targets we continue to find new and exciting potential for an expanding system. Of particular interest is following the Yellowjacket system at depth and exploring for other parallel systems to the west like the new West Vein discovery. The robust nature of the current estimated resource in a low gold price environment and its leverage to higher prices has defined North Bullfrog as a significant new Nevada gold discovery with attractive exploration potential.
Click here to read the Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) press release
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