Welcome!

News Feed Item

Corvus Gold Continues To Increase the District Gold Potential at the North Bullfrog Project, Nevada

Reverse Circulation Drilling Establishes Continuity and Expands Oxide Mineralization.

TSX: KOR  OTCQX: CORVF

VANCOUVER, Jan. 15, 2014 /PRNewswire/ - Corvus Gold Inc. ("Corvus" or the "Company") - (TSX: KOR), (OTCQX: CORVF) announces assay results from the final 16 reverse circulation holes drilled in the 2013 campaign. These results have expanded the broad oxide mineralization in the Sierra Blanca deposit in all directions and up to another 100 metres in depth.  Hole NB-13-246, on the northern extension of the Sierra Blanca deposit, returned 21.3 metres @ 0.46 g/t gold from the surface (Figure 1). These results establish the continuity of quartz stockwork mineralization found 50 metres to the east in NB-12-242, which had 41.2 metres @ 0.68 g/t gold from surface, including 10.7 metres @ 1.3 g/t gold (NR13-27, October 24, 2013).

High silver values in several holes found in the North Sierra Blanca area adjacent to the Yellowjacket deposit suggests the presence of more Yellowjacket style high-grade mineralization between the two deposits. In the Savage Valley area, hole NB-13-259 returned 38 metres @ 0.51g/t gold from 18 metres depth and hole NB-13-258 returned an intercept of 11 m of 0.7 g/t gold with high tellurium mineralization similar to that intercepted a half a kilometre to the west at Air Track Hill in hole NB-13-364 (NR14-01, January 9, 2014). Corvus is still waiting for assays on the final 10 core holes drilled in 2013, most of which are from the northern and western extension of the Yellowjacket deposit.

Jeff Pontius, Chief Executive Officer, stated: "These encouraging results from our resource expansion program have highlighted two important points 1) the large bulk tonnage oxide deposit continues to grow and remains unconstrained, and 2) the presence of broad higher grade, high silver, stockwork zones is encouraging for finding more Yellowjacket type high-grade gold-silver zones.  This new data has helped outline several new high-grade targets for our 2014 program. As the scale of the District-wide system continues to grow, this promises to be an exciting year."

North Sierra Blanca Drilling

Results from nine new RC holes drilled on the northern end of Sierra Blanca have established good continuity and extended the known mineralization for about 300 metres to the north and 250 metres to the east (Table 1, Figure 1), thereby linking the Sierra Blanca deposit with the Yellowjacket deposit.  Oxidation along the ridge at Sierra Blanca North extends for some 200 metres in depth, which is about 100 metres deeper than originally projected in this area.  As a result, the potential to increase the tonnage of this portion of the deposit has increased (Table 1).

Broad zones of disseminated mineralization, such as NB-13-244 with 77 metres @ 0.25 g/t gold, have been found in all holes. High level quartz stockwork mineralization seen at the surface has now been intersected in drilling, returning higher grades similar to those in the Yellowjacket such as hole NB-13-242 (41.2 metres @ 0.68 g/t gold from surface, including 10.7 metres @ 1.3 g/t gold - previously reported) and hole NB-13-246 (21.3 metres @ 0.46 g/t gold). Core holes NB-13-373, 375 and 376 (assays pending) were drilled to test the continuity and possible grade enhancement at depth (Yellowjacket productive depths) of these newly discovered vein/stockwork zones.

In addition, holes NB-13-249, 250 and 251 not only demonstrate the continuity of lower grade disseminated mineralization, but also encountered intervals with anomalously high silver to gold ratios (Table 1, Figure 1). These values are characteristic of the Yellowjacket high-grade mineralization and indicate that the high-grade veining extends into these areas. Drilling in 2014 will be designed to investigate these occurrences as well.

Table 1: Significant intercepts* from recent reverse circulation holes at North Sierra Blanca.
(All holes are vertical. 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.)

                                     
Hole ID     From
(m)
    To
(m)
    Interval
(m)
    Gold
(g/t)
    Silver
(g/t)
    Comments
NB-13-244     27.4     105.2     77.7     0.25     0.87      
Including     61.0     79.3     18.3     0.36     1.12     Qtz stockwork
      120.4     144.8     24.4     0.16     0.44      
      207.3     246.9     39.6     0.12     0.43     oxide to 244m
      271.3     285.0     13.7     0.14     0.69      
      327.7     335.3     7.6     0.25     0.40      
NB-13-245     12.2     82.3     70.1     0.17     0.76      
      86.9     160.0     73.2     0.21     0.80      
Including     118.9     147.8     29.0     0.32     0.66     oxide to 210m
NB-13-246     0.0     21.3     21.3     0.46     0.61     Qtz stockwork
      21.3     32.0     10.7     0.14     0.46      
      32.0     47.2     15.2     0.44     0.90     Qtz stockwork
      47.2     106.7     59.4     0.22     0.96      
      155.4     167.6     12.2     0.14     1.43      
      172.2     181.4     9.1     0.15     0.56     oxide to 330m
NB-13-247     25.9     111.3     85.3     0.21     0.86      
      120.4     178.3     57.9     0.21     0.55      
      256.0     291.1     35.0     0.19     0.70     oxide to 202m
      300.2     335.3     35.0     0.18     0.40      
NB-13-248     0.0     7.6     7.6     0.14     0.59      
      19.8     36.6     16.8     0.22     1.68      
      70.1     134.1     64.0     0.18     0.69      
      187.4     216.4     29.0     0.15     0.33     oxide to 140m
      254.5     280.4     25.9     0.16     0.69      
NB-13-249     97.5     106.7     9.1     0.07     2.27     High silver to gold
      112.8     144.8     32.0     0.20     0.94      
      193.6     211.8     18.3     0.14     0.45     oxide to 158m
      219.5     240.8     21.3     0.18     0.44      
      249.9     277.4     27.4     0.15     0.42      
NB-13-250     54.9     57.9     3.0     0.16     4.83     High silver to gold
      56.4     217.9     161.5     0.21     0.89     oxide to 93m
      222.5     224.0     1.5     0.22     20.00     High silver to gold
      248.4     286.5     38.1     0.25     0.39      
NB-13-251     82.3     128.0     45.7     0.31     1.08     Qtz stockwork
Including     83.8     111.3     27.4     0.42     1.32      
      141.7     187.4     45.7     0.27     1.26      
Including     150.9     164.6     13.7     0.43     0.93     feeder structure
Including     176.8     178.3     1.5     0.32     5.77     Qtz stkwk; High silver to gold
      233.2     251.5     18.3     0.19     0.32     oxide to 185m
NB-13-252     73.2     164.6     91.4     0.24     0.79     oxide to 32m
Including     79.3     83.8     4.6     0.66     1.26     feeder structure
Including     117.3     123.4     6.1     0.38     1.45     feeder structure
Including     155.4     161.5     6.1     0.51     0.41     feeder structure

*Intercepts calculated using a 0.1g/t gold cutoff and up to 3 metres of internal waste.

Infill Drilling between Sierra Blanca and Savage Valley Deposits

Drill holes designed to evaluate a large un-drilled area between the southwest portion of Sierra Blanca and northern extension of the Savage Valley deposits have returned encouraging results which could potentially link the two proposed pits in future modeling. The results from seven new holes show that low-grade mineralization extends through this area, with some significant shallow intercepts such as hole NB-13-256, where 75 of the top 105 metres is mineralized above cutoff, and NB-13-254 with 20 metres @ 0.26 g/t gold from 8 metres depth (Table 2, Figure 1).

Holes NB-13-258 and NB-13-259 both have significant intercepts at nearly 0.5 g/t gold (Table 2). Of particular interest is the intercept of 10.7 metres @ 0.7 g/t gold in NB-13-258, which also has elevated tellurium similar to an intercept half a kilometre to the west at Air Track Hill (NR14-01, January 9, 2014).  As previously stated, tellurium is a strong indicator of high-grade gold mineralization. Additional drilling is planned in the Savage Valley area to explore the potential southern extension of the Yellowjacket high-grade deposit into this large area of low-grade mineralization (which has some indicators that are similar to the setting at Sierra Blanca to the north).

Table 2: Significant intercepts* from recent RC holes between Sierra Blanca and Savage Valley.

(All holes are vertical. 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.)

Hole ID     From
(m)
    To
(m)
    Interval
(m)
    Gold
(g/t)
    Silver
(g/t)
    Comments
NB-13-253     No Significant Intercepts     oxide to 146m TD
NB-13-254     7.6     27.4     19.8     0.26     0.09     oxide to 111m
Including     15.2     22.9     7.6     0.36     0.07     feeder structure
NB-13-255     71.6     83.8     12.2     0.20     0.34     oxide to 117m
Including     73.2     76.2     3.0     0.42     0.33     feeder structure
NB-13-256     0.0     47.2     47.2     0.17     0.46      
      70.1     83.8     13.7     0.15     0.39      
      89.9     105.2     15.2     0.15     0.27      
      111.3     163.1     51.8     0.15     0.38     oxide to 163m
      233.2     245.4     12.2     0.21     0.78     Tr1Seds
NB-13-257     53.3     93.0     39.6     0.14     0.30      
NB-13-258     48.8     54.9     6.1     0.22     0.09      
      64.0     93.0     28.9     0.45     0.76      
Including     68.6     79.3     10.7     0.70     0.82     High tellurium zone
      93.0     131.1     38.1     0.15     0.63      
      193.6     213.4     19.8     0.17     0.23     oxide to 198m
NB-13-259     18.3     56.4     38.1     0.51     1.11      
      56.4     77.7     21.3     0.13     0.59      
      109.7     121.9     12.2     0.25     0.17     oxide to 157

*Intercepts calculated using a 0.1g/t gold cutoff and up to 3 metres of internal waste.

About the North Bullfrog Project, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately 68 km² in southern Nevada just north of the historic Bullfrog gold mine formerly operated by Barrick Gold Corporation.  The property package is made up of a number of leased patented federal mining claims and 758 federal unpatented mining claims.  The project has excellent infrastructure, being adjacent to a major highway and power corridor.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that form the basis for this news release and has approved the disclosure herein.  Mr. Pontius is not independent of Corvus, as he is the CEO and holds common shares and incentive stock options.

The work program at North Bullfrog was designed and supervised by Russell Myers (CPG 11433), President of Corvus, and Mark Reischman, Corvus Nevada Exploration Manager, who are responsible for all aspects of the work, including the quality control/quality assurance program.  On-site personnel at the project log and track all samples prior to sealing and shipping.  Quality control is monitored by the insertion of blind certified standard reference materials and blanks into each sample shipment.  All resource sample shipments are sealed and shipped to ALS Chemex in Reno, Nevada, for preparation and then on to ALS Chemex in Reno, Nevada, or Vancouver, B.C., for assaying.  ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999.  Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples.  Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About Corvus Gold Inc.

Corvus Gold Inc. is a North American gold exploration company, which is focused on advancing its 100% controlled Nevada, North Bullfrog project towards a potential development decision.  In addition the Company controls a number of other North American exploration properties representing a spectrum of gold, silver and copper projects.  Corvus is committed to building shareholder value through new discoveries and leveraging noncore assets via partner funded exploration work into carried and or royalty interests that provide shareholders with exposure to gold production.

On behalf of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation.  All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for there to be more Yellowjacket style high-grade mineralization between the North Sierra Blanca area and the Yellowjacket deposits, the potential to increase the tonnage of the deposit in the Sierra Blanca North area and for the grade to increase at depth, the potential to link the two proposed pits at the Sierra Blanca and northern extension of the Savage Valley deposits in future modeling, the potential to discover additional high grade veins or additional deposits including the potential for Yellowjacket-type high-grade mineralization in the area of low-grade mineralization in the Savage Valley area, the potential to expand the existing estimated resource at the North Bullfrog project, the potential for the North Bullfrog deposits to be part of a District-wide gold system and to grow as such, the potential for the North Bullfrog system to continue to grow and/or to develop into a major new higher-grade, bulk tonnage, Nevada gold discovery, the potential for any mining or production at North Bullfrog, the potential for the identification of multiple deposits at North Bullfrog, the planned completion of an updated preliminary economic assessment for the North Bullfrog project, whether in Q1 2014 or at all, the potential for the Company to secure or receive any royalties in the future, the potential for the Company to build shareholder value, whether through new discoveries and/or leveraging non-core assets or at all, business and financing plans and business trends, are forward-looking statements.  Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events.  The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's 2013 Annual Information Form and latest interim Management Discussion and Analysis filed with certain securities commissions in Canada.  All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Caution Regarding Adjacent or Similar Mineral Properties

This news release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine.  The Company advises US investors that the mining guidelines of the US Securities and Exchange Commission (the "SEC") set forth in the SEC's Industry Guide 7 ("SEC Industry Guide 7") strictly prohibit information of this type in documents filed with the SEC.  Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties, and any production therefrom or economics with respect thereto, are not indicative of mineral deposits on the Company's properties or the potential production from, or cost or economics of, any future mining of any of the Company's mineral properties.

This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

SOURCE Corvus Gold Inc.

Image with caption: "Figure 1: Location of drill hole discussed in this news release. Red collars and traces indicate holes reported in this news release. Blue indicates holes for which assays are pending. Black indicates previously released results.  Significant mineralized faults are shown in dark red. Grey hachured lines show outlines of present proposed pit designs. Topographic contour interval is 2 metres. (CNW Group/Corvus Gold Inc.)". Image available at: http://photos.newswire.ca/images/download/20140115_C8776_PHOTO_EN_35524.jpg

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captur...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great dea...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, discussed DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He also covered various styles and...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin, ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his general session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore...