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Corvus Gold Expands Mother Lode Deposit

Mining News - Published on Fri, 13 Dec 2019

Image Source: Corvus Gold
Corvus Gold Inc announced that it has received initial assay results from its Phase-4 Mother Lode resource expansion drilling program. Both holes returned positive results from the southwest part of the deposit where Main Zone mineralization has now extended to the southwest part of the resource area. The Company believes that this Southwestern extension of higher-grade mineralization has demonstrated potential for the deposit to continue expansion in multiple directions and now at depth with hole ML19-119 intersecting 50.3m @ 1.50 g/t gold in newly identified intrusive zone.

These initial Phase-4 holes are part of a 30,000-metre drilling program (Core and RC) targeting a major increase in size of the Mother Lode deposit. Corvus expects to complete the Phase-4 program by mid-2020 with follow-up drilling as needed in the second half of next year. Phase-4 is designed to expand the current mineral resource of the deposit, test the deep “North Extension" & "Core" targets and the down faulted western extension of the main Mother Lode deposit (west of the Fluorspar Canyon Fault). In addition, Corvus plans to update its Districtwide resource base and mining studies, which will incorporate 35,000 metres of the recently completed Phase-3 drill program as well as results from the ongoing Phase-4 program.

The initial two holes in the southwest area of the deposit indicate that the higher grade (+2 g/t) part of the Mother Lode system extends farther to the west than previously modeled and could link up with the zone intersected in hole ML18-073 (48.8m @1.19 g/t gold including 22.9m @ 1.74 g/t gold) which is approximately 100 metres to the west. In addition, a new deep intrusive related gold zone was intersected in hole ML19-119 below the main Mother Lode deposit in Paleozoic carbonates which could represent leakage up-dip along the major central dike system that may be related to the new geophysical anomaly at depth (~150m deeper).

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Posted By : Arun Huidrom on Fri, 13 Dec 2019
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