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Corvus Gold Expands Main Zone with 88.4m @ 1.92 g/t Au and Central Intrusive Oxide Zone at Mother Lode Deposit, Nevada

ID: 1556332
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ML20-130: 4m (at) 1.92 g/t Au, including 64m (at) 2.27 g/t Au (lost hole in CIZ with 1.98 g/t Au at the bottom)

ML20-131: 4m (at) 1.92 g/t Au (lost hole in CIZ with 4.6m (at) 1.43 g/t Au)

Corvus Gold Inc. (?Corvus? or the ?Company?) - (TSX: KOR, OTCQX: CORVF- https://www.commodity-tv.com/ondemand/companies/profil/corvus-gold-inc/) announces it has received additional positive results from its ongoing Main Zone infill and step-out Phase-4 drill program (Table 1).

Hole ML20-130 (88.4m (at) 1.92 g/t Au & 9.2m (at) 1.2 g/t Au, lost in the CIZ) was drilled to infill an area of the model between prior holes ML17-013 (NR17-19, Dec 12, 2017, 94.5m (at) 1.2 g/t Au hole, ended before CIZ was reached) & ML17-037 (NR18-03, Feb 1, 2018, 12.2m (at) 2.69 g/t Au , lost in the CIZ).zones, which could have a positive impact on the future mineral resource model update planned for fall of this year.

Similar to the previous hole, ML20-131 (56.4m (at)1.92 g/t Au & 4.6m (at) 1.43 g/t Au at the top of CIZ) was drilled to infill an area with limited drill data between holes ML17-012 (NR17-19, Dec 12, 2017, 29m (at) 1.53 g/t Au, stopped before the CIZ) and ML17-019 (NR18-01, Jan 10, 2018, 35.1m (at) 1.97 g/t Au stopped before the CIZ). get completely through the larger and higher-grade areas of this new zone.

Jeffrey Pontius, President and CEO of Corvus, said, ?The ongoing infill/step-out part of the Phase-4 drill program has generated favorable results for expansion of the overall Mother Lode mineral resource model.

Table 1

Mother Lode ? Mineral Resource Expansion Phase-4 Results

(Reported intercepts are not true widths as there is currently insufficient data to calculate true orientation in space. Mineralized intervals are calculated using a 0.3 g/t cut-off unless otherwise indicated below)



Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101 ? Standards of Disclosure for Mineral Projects (?NI 43-101?), has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein.& President and holds common shares and incentive stock options.

Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a qualified person as defined by NI 43-101, has coordinated execution of the work outlined in this news release and has approved the disclosure herein. Mr. Brechtel is not independent of Corvus, as he is the COO and holds common shares and incentive stock options.

The work program at Mother Lode was designed and supervised by Mark Reischman, Corvus? Nevada Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program.erein, including sampling, analytical and test data underlying the information by reviewing the reports of AAL, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate a

Mr. Scott E. Wilson, CPG (10965), Registered Member of SME (4025107) and President of Resource Development Associates Inc., is an independent consulting geologist specializing in Mineral Reserve and Mineral Resource calculation reporting, mining project analysis and due diligence evaluations.over 29 years of experience in surface mining, mineral resource estimation and strategic mine planning. Mr. Wilson is President of Resource Development Associates Inc. and is independent of the Company under NI 43-101.

Mr. Wilson, a qualified person, has verified the data underlying the information disclosed herein, including sampling, analytical and test data underlying the information by reviewing the reports of AAL, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement.

Metallurgical testing on North Bullfrog and Mother Lode samples has been performed by McClelland Analytical Services Laboratories Inc. of Sparks Nevada (?McClelland?), McClelland is an ISO 17025 accredited facility that supplies quantitative chemical analysis in support of metallurgical, exploration and environmental testing using classic methods and modern analytical instrumentation.12. Hazen Research Inc. (?Hazen?), an independent laboratory, has performed flotation, AAO testing and cyanide leach testing on samples of sulphide mineralization from the YellowJacket zone and Swale area of Sierra Blanca, and roasting tests on Mother Lode flotation concentrate. Hazen holds analyticidation test work on Mother Lode concentrate samples was performed by Resource Development Inc. of Wheatridge, CO.

For additional details, see technical report entitled ?Technical Report and Preliminary Economic Assessment for the Integrated Mother Lode and North Bullfrog Projects, Bullfrog Mining District, Nye County, Nevada?, dated November 1, 2018 and amended on November 8, 2018, with an effective date of September 18, 2018 on the Company?s profile at www.sedar.com.

About the North Bullfrog & Mother Lode Projects, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately 90.5 km2 in southern Nevada. discoveries.

The combined Mother Lode and North Bullfrog Projects contains a Measured Mineral Resource for the mill of 9.3 Mt at an average grade of 1.59 g/t gold, containing 475 k ounces of gold and Indicated Mineral Resources for the mill of 18.2 Mt at an average grade of 1.68 g/t gold containing 988 k ounces of gold and an Inferred Mineral Resource for the mill of 2.3 Mt at an average grade of 1.61 g/t gold containing 118 k ounces of gold.ontaining 1,150 k ounces of gold and an Inferred, oxide, run of mine, heap leach Mineral Resource of 78.7 Mt at an average grade of 0.26 g/t gold containing 549 k ounces of gold. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

About Corvus Gold Inc.

Corvus Gold Inc. is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada.

On behalf of

Corvus Gold Inc.

(signed) Jeffrey A. Pontius

Jeffrey A. Pontius,

President & Chief Executive Officer

Contact Information:

Ryan Ko

Investor Relations

Email: info(at)corvusgold.com

Phone: 1-844-638-3246 (toll free) or (604) 638-3246

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info(at)resource-capital.ch

www.resource-capital.ch

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.l resources or mineralization; expectations regarding the potential for future open-pit and underground mining; expectations for types of mineralization; updates on the development progress at the Mother Lode project; the potential for new deposits and discoveries and expected increases in a system?ompany 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 Annual Report on Form 10-K for the fiscal year ended May 31, 2019 filed with certain securities commissions in Canada and the Company?s most recent filings with the United States Securities and Exchange Commission (the ?SEC?).www.sedar.com and filings with the SEC may be accessed via www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company?s mineral properties.




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Date: 02/25/2020 - 17:26
Language: English
News-ID 1556332
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