- Corvus Gold has received the results from four new drill holes at its Lynnda Strip discovery in Nevada
- Results from this discovery are promising indicators for other areas of the North Bullfrog Project
- Corvus Gold is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of mineral properties
- Corvus Gold (KOR) is up 1.23 per cent and is currently trading for $2.47 per share
Corvus Gold has received the results from four new drill holes at its Lynnda Strip discovery in Nevada.
The drilling program returned the following results:
- Hole ML20-186 returning 108.2m @ 1.13 g/t Au
- Hole ML20-188 with 114.30m @ 0.96 g/t Au
- Hole ML20-189 with 178.3m @ 0.66 g/t Au in the upper zone followed by 100.6m @ 0.94 g/t Au in the lower zone.
Hole ML20-190 was lost in the upper part of the Upper Lynnda Strip Zone at 219 metres down hole due to poor drilling conditions.
The results continue to expand the potential of the new discovery with good continuity across its width. The Lynnda Strip’s thickness, grade, and strong oxidaiton make it an ideal target for open-pit mining and heap leach processing.
Corvus has plans to further expand the Lynnda Strip discovery in early fall 2021. The expansion will continue to assess the project’s value as a future mining operation.
Results from this discovery are promising indicators for other areas of the North Bullfrog Project, which covers approximately 90.5 kilometres in southern Nevada.
Jeffrey Pontius, President and CEO of Corvus, commented,
“The recent Lynnda Strip discovery is an example of the potential that exists in the re-emerging Bullfrog Gold District. These new covered target discoveries have opened the door to not only the potential of the Mother Lode to Silicon belt but the district as a whole.”
He added,
“Corvus, as a district leader in exploration, discovery and gold production will leverage its strategic land position for the benefit of its shareholders, our communities and the region as a whole.”
Corvus Gold is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in the North Bullfrog Project and the Mother Lode Property in Nevada.
Corvus Gold (KOR) is up 1.23 per cent, with shares trading for $2.47 at 2:40 pm ET.