Corvus Gold Update on Lynnda Strip Drills
Intrusive Zone “CIZ”, “Upper Oxide” and “Main Zone” targets. In addition, initial results from Corvus’first follow-up hole at its new “Lynnda Strip” discovery were returned; a new deposit that will ultimately be integrated into the overall Mother Lode Mine plan. The initial follow-up RC drill hole from the Lynnda Strip discovery is encouraging with two separate thick oxide intercepts. Hole ML20-168 has an upper intercept of 48.8m @ 0.90 g/t gold including 16.8m @ 1.86 g/t gold and a lower intercept of 106.7m @ 0.71 g/t gold including 16.8m @ 0.99 g/t gold & 15.2m @ 1.31 g/t gold ending in mineralization. Further follow-up drilling is ongoing with several diamond core holes identifying multiple intercepts with strong quartz stockwork veining and a deeper extent of the gold system
The new drill results and initial core holes from the Lynnda Strip discovery has highlighted the key controls on the mineralization encountered to date. They key findings from this work are
The Lynnda Strip discovery appears to be part of a large new discovery that is controlled by a major north-south trending structural zones that has delivered encouraging results to the south by Coeur Mining Incs C-Horst discovery and is the focus of currently constructed drill pad to the northwest on AngloGold Ashanti Limited’s land package.
The upper higher-grade zone is related to steeply west dipping veins and vein-stockwork zones. These vein zones are similar to the vein/stockwork zone in the YellowJacket and Bullfrog deposits located a few kilometres to the west. Oxidation is very deep in this area (over 400 metres) similar to the deep oxidation of the CIZ zone about 1.5 kilometres to the south.
Like the historic Bullfrog mine and the developing YellowJacket deposit the higher-grade vein/stockwork system of the Lynnda Strip discovery may benefit from milling and gravity recovery and provide a significant addition to the Mother Lode mine plan.
In addition, Corvus has drilled an RC hole at a new target (Merlin South) approximately 700 metres to the west of Lynnda Strip that has returned a broad zone (+100 metres thick) of strong alteration and oxidation that is similar to the mineralized zones at Lynnda Strip. This new target is the focus of multiple drill sites built by AngloGold Ashanti Limited immediately to the north and recent drill holes completed by Coeur Mining, Inc. to the south.