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VANCOUVER, British Columbia, May 19, 2020 (GLOBE NEWSWIRE via COMTEX) — Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, OTCQX: CORVF) announces that it has accomplished geophysical surveys throughout the Mother Lode trend to accommodate commune arrangement abstracts into its belt-wide assay models (Figure 1). The abundantly broadcast assay as able-bodied as added advancing bounded studies and abstracts abstracts are advised to finer and calmly alleviate the cogent abeyant for new discoveries beyond the belt and throughout the greater Bullfrog Gold District.
In addition, Corvus has broadcast its acreage position east of AngloGold Ashanti’s new Silicon assay and arctic of a new ample affirmation block afresh staked by Kinross Gold (Figure 1). Action in the belt and the Bullfrog Commune in accepted is rapidly accretion with new affirmation staking and new Plan of Operations permits filed for ample conduct programs by Corvus, AngloGold Ashanti and Coeur Mining.
Figure 1. New Mother Lode belt AMT geophysical assay and new Corvus and District-wide acreage buying new targets
Potential for New Intrusion Related, Debris Hosted and Epithermal Gold Discoveries Throughout the Bullfrog Gold Commune
Over the accomplished two years, Corvus has auspiciously authentic a new, ample and potentially accretion gold drop at its Mother Lode property. This new assay has afresh apparent a able intrusion/structural accord at abyss which is anon accompanying to the above debris hosted gold deposit. As a result, Corvus believes that the Mother Lode belt may host added accompanying distal college akin epithermal, vein/stockwork mineralization. The ample new Central Advancing Breadth (CIZ) assay beneath the Mother Lode drop is in a different and underexplored geologic ambience aural a major, accomplished bearing gold mining district. Contempo added new discoveries in the commune by AngloGold Ashanti to the arctic and Coeur Mining to the west of Mother Lode may accommodate added affirmation of the abeyant aural this new gold assay target. Corvus has projected favorable about-face and host rocks beyond the Mother Lode belt with abeyant for added intrusion/hydrothermal accompanying debris hosted and vein/stockwork gold deposits in areas controlled by the Company.
Corvus Gold’s planned AMT (Audio-frequency Magnetotellurics) geophysical assay is advised to analyze analytic bedrock bales and structural appearance that are favorable for Mother Lode and Bullfrog blazon gold mineralization as able-bodied as highlighting confusing advancing action that could be the thermal disciplinarian of the systems. In addition, apparent assay on Corvus claims staked east and south of AngloGold’s Silicon assay has authentic new ambition areas for aftereffect assay and accessible approaching assignment testing.
Jeffrey Pontius, President and CEO of Corvus, said, “The advancing assay assignment by Corvus in the Mother Lode Belt is accouterment the Aggregation the adeptness to ascertain and assay new Mother Lode and Bullfrog blazon gold occurrences in one of the key gold belts of the Bullfrog Mining District. New assay after-effects from added in the Mother Lode arrangement abide to appearance abeyant for accretion the drop as able-bodied as accouterment analytic abstracts for potentially defining new occurrences. As Mother Lode grows and new discoveries are fabricated beyond the belt and the District, we apprehend connected able absorption in this arena from a cardinal of producers attractive for open-pit gold projects in a safe and absolute mining jurisdiction. Corvus’ advancing assay programs and currently authentic deposits at both the Arctic Bullfrog and Mother Lode accept been arch the accomplishment to re-establish the Bullfrog Mining Commune as a abeyant new, above gold assembly centermost in Nevada. As multi-company, District-wide assay action continues its accelerated dispatch this ambition is actuality accomplished as we speak.”
Qualified Actuality and Affection Control/Quality Affirmation
Jeffrey A. Pontius (CPG 11044), a able actuality as authentic by National Instrument 43-101 – Standards of Acknowledgment for Mineral Projects (“NI 43-101”), has supervised the alertness of the authentic and abstruse advice that forms the base for this account absolution and has accustomed the acknowledgment herein. Mr. Pontius is not absolute of Corvus, as he is the CEO & President and holds accepted shares and allurement banal options.
Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a able actuality as authentic by NI 43-101, has accommodating beheading of the assignment categorical in this account absolution and has accustomed the acknowledgment herein. Mr. Brechtel is not absolute of Corvus, as he is the COO and holds accepted shares and allurement banal options.
The assignment affairs at Mother Lode was advised and supervised by Mark Reischman, Corvus’ Nevada Assay Manager, who is amenable for all aspects of the work, including the affection control/quality affirmation program. On-site cadre at the activity log and clue all samples above-mentioned to sealing and shipping. Affection ascendancy is monitored by the admittance of dark certified accepted advertence abstracts and blanks into anniversary sample shipment. All mineral ability sample shipments are closed and alien to American Assay Laboratories (AAL) in Reno, Nevada, for alertness and assaying. AAL is absolute of the Company. AAL’s affection arrangement complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytic accurateness and attention are monitored by the assay of reagent blanks, advertence absolute and carbon samples. Finally, adumbrative dark alike samples are forwarded to AAL and an ISO adjustable third-party class for added affection control. Mr. Pontius, a able person, has absolute the abstracts basal the advice appear herein, including sampling, analytic and assay abstracts basal the advice by reviewing the letters of AAL, methodologies, after-effects and all procedures undertaken for affection affirmation and affection ascendancy in a address constant with industry practice, and all affairs were constant and authentic according to his able judgement. There were no limitations on the assay process.
Mr. Scott E. Wilson, CPG (10965), Registered Member of SME (4025107) and President of Ability Development Associates Inc., is an absolute consulting geologist specializing in Mineral Reserve and Mineral Ability adding reporting, mining activity assay and due activity evaluations. He is acting as the Able Person, as authentic in NI 43-101, and is the primary columnist of the Abstruse Address for the Mineral Ability appraisal and has advised and accustomed the Mineral Ability appraisal abbreviated in this account release. Mr. Wilson has over 29 years of acquaintance in apparent mining, mineral ability admiration and cardinal abundance planning. Mr. Wilson is President of Ability Development Associates Inc. and is absolute of the Aggregation beneath NI 43-101.
Mr. Wilson, a able person, has absolute the abstracts basal the advice appear herein, including sampling, analytic and assay abstracts basal the advice by reviewing the letters of AAL, methodologies, after-effects and all procedures undertaken for affection affirmation and affection ascendancy in a address constant with industry practice, and all affairs were constant and authentic according to his able judgement. There were no limitations on the assay process.
Metallurgical testing on Arctic Bullfrog and Mother Lode samples has been performed by McClelland Analytic Services Laboratories Inc. of Sparks Nevada (“McClelland”), McClelland is an ISO 17025 accepted ability that food quantitative actinic assay in abutment of metallurgical, assay and ecology testing application archetypal methods and avant-garde analytic instrumentation. McClelland has met the requirements of the IAS Accreditations Criteria for Testing Laboratories (AC89), has approved acquiescence with ANS/ISO/IEC Accepted 17025:2005, Accepted requirements for the adequacy of testing and arrangement laboratories, and has been accredited, back November 12, 2012. Hazen Research Inc. (“Hazen”), an absolute laboratory, has performed flotation, AAO testing and cyanide bleed testing on samples of sulphide mineralization from the YellowJacket breadth and Swale breadth of Sierra Blanca, and baking tests on Mother Lode abutment concentrate. Hazen holds analytic certificates from accompaniment authoritative agencies and the US Ecology Protection Agency (the “EPA”). Hazen participates in achievement appraisal studies to authenticate adequacy and maintains a ample banal of accepted advertence abstracts from the National Institute of Standards and Technology (NIST), the Canadian Centre for Mineral and Energy Technology (CANMET), the EPA and added sources. Hazen’s QA affairs has been developed for acclimation to the applicative requirements and standards referenced in 10 CFR 830.120 subpart A, affection affirmation requirements, January 1, 2002. Pressure blaze assay assignment on Mother Lode apply samples was performed by Ability Development Inc. of Wheatridge, CO.
For added details, see abstruse address advantaged “Technical Address and Preliminary Economic Assessment for the Integrated Mother Lode and Arctic Bullfrog Projects, Bullfrog Mining District, Nye County, Nevada”, anachronous November 1, 2018 and adapted on November 8, 2018, with an able date of September 18, 2018 on the Company’s contour at www.sedar.com.
About the Arctic Bullfrog & Mother Lode Projects, Nevada
Corvus controls 100% of its Arctic Bullfrog Project, which covers about 90.5 km in southern Nevada. The acreage amalgamation is fabricated up of a cardinal of clandestine mineral leases of patented federal mining claims and 1,134 federal unpatented mining claims. The activity has accomplished infrastructure, actuality adjoining to a above artery and ability aisle as able-bodied as a ample baptize right. The Aggregation additionally controls 445 federal unpatented mining claims on the Mother Lode activity which totals about 36.5 kmwhich it owns 100%. The absolute Corvus 100% acreage buying now covers over 127 km, hosting two above new Nevada gold discoveries.
Effective as of September 18, 2018, the accumulated Mother Lode and Arctic Bullfrog Projects contains a Measured Mineral Ability for the comminute of 9.3 Mt at an boilerplate brand of 1.59 g/t gold, absolute 475 k ounces of gold and Indicated Mineral Assets for the comminute of 18.2 Mt at an boilerplate brand of 1.68 g/t gold absolute 988 k ounces of gold and an Inferred Mineral Ability for the comminute of 2.3 Mt at an boilerplate brand of 1.61 g/t gold absolute 118 k ounces of gold. In addition, able as of September 18, 2018, the activity contains a Measured Mineral Ability for oxide, run of mine, abundance bleed of 34.6 Mt at an boilerplate brand of 0.27 g/t gold absolute 305 k ounces of gold and an Indicated Mineral Ability for, oxide, run of mine, abundance bleed of 149.4 Mt at an boilerplate brand of 0.24 g/t gold absolute 1,150 k ounces of gold and an Inferred, oxide, run of mine, abundance bleed Mineral Ability of 78.7 Mt at an boilerplate brand of 0.26 g/t gold absolute 549 k ounces of gold.
About Corvus Gold Inc.
Corvus Gold Inc. is a Arctic American gold assay and development company, focused on its near-term gold-silver mining activity at the Arctic Bullfrog and Mother Lode Districts in Nevada. Corvus is committed to architecture actor amount through new discoveries and the amplification of its projects to aerate allotment amount advantage in an advancing gold and argent market.
On account of
Corvus Gold Inc.
(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President & Chief Executive Officer
Cautionary Note Apropos Forward-Looking Statements
This columnist absolution contains advanced statements and advanced advice (collectively, “forward-looking statements”) aural the acceptation of applicative Canadian and US balance legislation. All statements, added than statements of absolute fact, included herein, including, after limitation, statements apropos the advance and development of our Mother Lode activity and the amplification of our assignment program; affairs for drilling; expectations of and abeyant for added assets or mineralization; expectations apropos the abeyant for approaching open-pit and underground mining; expectations for types of mineralization; updates on the development advance at the Mother Lode project; the abeyant for new deposits and discoveries and accepted increases in a system’s potential; expectations apropos the abeyant amplification of the Bullfrog mining district; advancing content, admission and amount of assay programs, advancing assay affairs results, are advanced statements. Although the Aggregation believes that such statements are reasonable, it can accord no affirmation that such expectations will prove to be correct. Advanced statements are about articular by words such as: believe, expect, anticipate, intend, estimate, advance and agnate expressions, or are those, which, by their nature, accredit to approaching events. The Aggregation cautions investors that any advanced statements by the Aggregation are not guarantees of approaching after-effects or performance, and that absolute after-effects may alter materially from those in advanced attractive statements as a aftereffect of assorted factors, including, but not bound to, variations in the nature, affection and abundance of any mineral deposits that may be located, variations in the bazaar amount of any mineral articles the Aggregation may aftermath or plan to produce, the Company’s disability to access any all-important permits, consents or authorizations appropriate for its activities, the Company’s disability to aftermath minerals from its backdrop auspiciously or profitably, to abide its projected growth, to accession the all-important basic or to be absolutely able to apparatus its business strategies, and added risks and uncertainties appear in the Company’s Annual Address on Form 10-K for the budgetary year concluded May 31, 2019 filed with assertive balance commissions in Canada and the Company’s best contempo filings with the United States Balance and Exchange Commission (the “SEC”). All of the Company’s Canadian accessible acknowledgment filings in Canada may be accessed via www.sedar.com and filings with the SEC may be accessed via www.sec.gov and readers are apprenticed to analysis these materials, including the abstruse letters filed with account to the Company’s mineral properties.
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