Mining News
Corvus Gold announces more details about its Lynnda Strip discovery
(Kitco News) - Corvus Gold (TSX: KOR, NASDAQ: KOR) said Tuesday its Lynnda Strip discovery displays multiple vein systems with 42.7 meters @ 2.06 g/t gold, including 12.2 meters at 4.88 g/t gold.
The project is located in the Eastern Bullfrog mining district of Nevada.
The company said that the new oxide, vein intersections are within broad zones of lower-grade disseminated mineralization highlighted by an Upper Zone vein in hole ML20-170 (42.7m @ 2.06 g/t gold including 12.2m @ 4.88 g/t gold) and a Lower Zone vein in hole ML20-166 (33.5m @ 1.63 g/t gold including 7.6m @ 3.96 g/t gold). These thick zones of mineralization continue to display a gold system thickness of 150-200 meters that all end in mineralization, indicating additional potential at depth.
Jeffrey Pontius, President and CEO of Corvus, said the company could just be scratching the surface of the discovery.
"These new results from Lynnda Strip along with the deep extension of the gold system that we see in the on-going core drilling program is outlining a large new discovery of a deeply oxidized heap leach deposit," said Pontius. "Corvus' continued assessment and definition of its size and quality will be a major interest driver for the District. The Lynnda Strip target is blind, under non-mineralized cover, resembling all major discoveries made in the District to date and reinforces the exploration potential of this area. When looked at in the context of other western Nevada major, volcanic related gold systems like Round Mountain and Comstock, we could be just scratching the surface of the potential of this re-emerging Nevada Gold District."
