Corvus Gold confirms thick, oxide gold system at North Bullfrog

Vancouver-based Corvus Gold (TSE:KOR) said Wednesday that the latest drill results from its North Bullfrog project in Beatty, Nevada confirm the presence of thick, continuous oxide gold mineralization covering an area of roughly 1.6 square kilometres.
Highlights of the new results included 81 metres of 0.6 grams per tonne (g/t) of gold ans 302 metres of 0.33 g/t gold in hole NB-11-91; 88 metres of 0.5 g/t gold in hole NB-11-88; and 265 metres of 0.3 g/t gold in hole NB-11-95.
Corvus said it has now completed its phase one drill program for the year, which totaled 17,820 metres in 75 holes, with assays still pending for 15 of these holes. The latest results are primarily from the Yellowjacket and Sierra Blanca/Savage Valley targets, the largest discovered to date at the project, with high potential for a large, low strip ratio oxide deposit.
“We are extremely pleased with these results as they clearly demonstrate the presence of a major new gold system at the North Bullfrog project and we look forward to advancing our understanding of this exciting new Nevada discovery," said CEO Jeff Pontius.
"In addition, the near-surface, widespread, largely oxidized nature of the mineralization offers potential for a large-scale, low-cost, run-of-mine heap leach operation which could be attractive in our current gold price environment.”
Work has already begun on updating the resource for the property, which is expected to be completed in September. In addition to this, the company will be conducting a series of metallurgical tests, followed by the permitting of a phase two drill program to further define the new gold system.
The North Bullfrog Project covers over 24 square kilometres in southern Nevada just north of the historic Bullfrog gold mine, formerly operated by Barrick Gold (TSE:ABX).
The property hosts eight prospective gold targets with one prospect – the Mayflower target – containing an NI 43-101 compliant initial indicated resource of 76,300 ounces of gold and an inferred resource of 39,000 ounces of gold, both at a 0.3 g/t cutoff, with appreciable silver credits.