Corvus Gold Identifies Vein Shoot Target & Reports Phase I Results, North Extension Drilling

NB-14-399
Josh Vein Shoot Target: 9.4 metres @ 2.5 g/t Gold and  13.7 g/t Silver
NB-14-395
New Zone – NW10 Target: 18.8 metres @ 1.2 g/t Gold and 3.5 g/t Silver &
9.6 metres of 1.1 g/t Gold and 6.4 g/t Silver
 
 

Vancouver, B.C. – Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces results from the final six holes of its 2014 Phase I drill program and the first hole of its Phase II drill campaign at the North Bullfrog Project in Nevada.  Holes NB-14-393 through NB-14-398 extended the main Josh Vein structural zone of the Yellowjacket deposit an additional 200 metres to the north and defined a new parallel target zone to the west of the main Josh Vein called NW10, which is similar to the recently discovered Rhyolite Zone to the East (NR14-17, September 4, 2014).  This new discovery has broadened the total width of the Yellowjacket structural zone in the north and has provided critical data in defining a new high-grade shoot target at the intersection of the NW10, Josh Vein and Rhyolite zones.  In addition, the new NW 10 zone has now extended vein/stockwork mineralization to over 250 metres in depth, thereby expanding the overall potential of the system.

The initial hole of the Phase II program intersected a high-grade internal shoot in the main Josh Vein target that returned encouraging results and key data that warrants follow-up drilling.  This shoot target is developing within an essentially undrilled area of the Yellowjacket deposit (“gap area”) immediately north of the intersection of the West Vein and the Josh Vein (Figure 1).  Hole NB-14-399 tested the uppermost part of the shoot target, and returned 9.4 m @ 2.5 g/t gold & 13.7 g/t silver including 1.6 m @ 10.6 g/t gold and 59 g/t silver.

Follow-up holes below hole NB-14-399 are intersecting broad zones of vein and stockwork material at depth (results pending).  In many epithermal vein deposits like Yellowjacket, internal zones of very high-grade can develop in shoot type features, which is the target in this new area of the system.  Three additional holes have been completed in the target with at least two more planed.

Jeff Pontius, Corvus CEO, stated: “The new holes currently being drilled in the shoot target within the gap area are very exciting as it appears we are outlining a potentially large area which could host significantly higher grades and might add considerably to the overall Yellowjacket resource and deposit.  Results from the last drill holes of the Phase I program have increased the extension potential of the Yellowjacket system to the north, which remains open, and showed that gold mineralization can occur in different host rocks thereby significantly adding to the potential of the overall District.  In addition, expanding the system at depth has increased the size potential of the deposit and with new high-grade targets developing from each round of drilling, the potential of the overall system is even greater.”

Full news release on Corvus Gold’s website