Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced its most recent intercepts from the newly discovered NW Sierra Blanca Zone which appears to be analogues to the high-grade YellowJacket Deposit located 700 metres to the west.

As quoted in the press release:

Highlights: 3.1m @ 5 g/t Gold & 42.0 g/t Silver within 19.8m @ 1.7 g/t Gold & 12 g/t Silver (99m @ 0.6 g/t Au and 4 g/t Silver)

This new shallow zone of gold and silver mineralization trends to the NNE along the margin of the previously defined Sierra Blanca Deposit and now has a direct intrusive association which we believe increases the systems potential.  To date all the of the holes drilled under the shallow pediment cover to the west of the Sierra Blanca Deposit have intersected thick zones of low-grade mineralization with several intervals of +1 g/t gold.  We believe these features indicate potential for a large new deposit adjacent to the existing pit design.

New NW Sierra Blanca Zone

The new NW Sierra Blanca Zone is covered by a thin (<20m) veneer of post-mineral, gravel and volcanic rocks counselling it from earlier detection. The zone appears to be dominated by two structural zones, the north-south NW Sierra Blanca Zone and the NE trending Rhyolite Zone.  The high-grade intercept in hole NB-15-282 is hosted by a highly altered dacitic dike within the Sierra Blanca Tuff. The dike is interpreted to occupy a major structural conduit within the larger Sierra Blanca mineralized system.  Follow-up drilling will be conducted to determine the orientation and size of the high-grade system.  This new intrusion related gold discovery and the many broad surrounding intercepts suggests good potential for the Sierra Blanca/Yellowjacket system to expand to the west and northwest under the shallow pediment cover which could significantly expand the current deposit.

Corvus Gold CEO, Jeffrey Pontius, stated:

The continued positive results from the new NW Sierra Blanca discovery are encouraging and indicate we may be onto a new gold and silver deposit in the District.  Further, this new discovery is on the margin of the currently designed pit which was subject to the preliminary economic assessment (PEA) we released last June.  As we advance our District-wide exploration of this new Nevada gold-silver discovery we are continually impressed with the size and quality of the system.

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