Mr. Jeffrey Pontius reports
CORVUS GOLD ANNOUNCES RON LARGENT AS CHAIRMAN OF THE BOARD
Ron Largent has been appointed to the board of directors for Corvus Gold Inc. and has assumed the role as chairman. Mr. Largent possesses an expansive and distinguished career in the mining industry, most recently serving as chief operating officer -- international for AngloGold Ashanti. Mr. Largent's extensive history of successful mine building and operation as well as directing strategic growth and asset development initiatives will be invaluable as Corvus moves its Nevada projects forward.
Corvus Gold would like to thank retiring chairperson Catherine Gignac for her service over the past five years through early-stage development and it looks forward to her input in her new advisory role with the company.
Mr. Largent has 35 years of experience in the mining industry holding executive, senior management and operational positions with AMAX Gold, Newmont Mining, Independence Mining and AngloGold Ashanti. Mr. Largent has led numerous mine building projects as well as large integrated multimine operational groups around the world. Most recently, in his role as chief operating officer -- international for AngloGold Ashanti, Mr. Largent led a major global operational improvement initiative which dramatically improved operating costs across the globe. In Nevada and California, Mr. Largent was involved with the construction and operation of Wind Mountain and Hayden Hill mines as well as general manger of the Jerritt Canyon mines and various operating positions with Newmont Mining at the Carlin mines. Mr. Largent was also involved with the construction and operation of the Cripple Creek mine in Colorado where he worked with Jeff Pontius who was leading the exploration work. Mr. Largent holds a degree in mining engineering and a master in business administration.
Mr. Largent said: "The Corvus projects represent an exceptional new mining opportunity in one of the most favourable mining jurisdictions in the world and I am excited to assume a leadership role. Jeff and his team have done an excellent job discovering and effectively developing this new re-emerging Nevada gold district that will continue to grow. The current Corvus deposits and location with existing infrastructure offer a truly unique opportunity for a series of mines with low development and operating costs. I fully expect the greater Bullfrog area to emerge as a major new Nevada gold producing region with Corvus as the key to that development."
Jeff Pontius, president and chief executive officer of Corvus, said: "It is a huge benefit for the Corvus shareholders to have an individual with Ron's pedigree join our board and take an active management role in driving our company and its value forward. I have been fortunate to have worked around and in association with Ron over the past 25 years to see first-hand his focused and innovative approach to mining and building project value. Ron is also a very well-respected and known member of the senior producer sector and bring real insight to Corvus that will be invaluable with any potential future corporate events."
About the North Bullfrog and Mother Lode projects, Nevada
Corvus controls 100 per cent of its North Bullfrog project, which covers approximately 86.6 square kilometres in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 1,057 federal unpatented mining claims. The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The company also controls 445 federal unpatented mining claims on the Mother Lode project which totals approximately 36.5 square km which it owns 100 per cent. The total Corvus Gold 100-per-cent land ownership now covers over 123.1 square km, hosting two major new Nevada gold discoveries.
The combined Mother Lode and North Bullfrog projects contains a measured mineral resource for the mill of 9.3 million tonnes at an average grade of 1.59 g/t gold, containing 475,000 ounces of gold and indicated mineral resources for the mill of 18.2 Mt at an average grade of 1.68 g/t gold containing 988,000 ounces of gold and an inferred mineral resource for the mill of 2.3 Mt at an average grade of 1.61 g/t gold containing 118,000 ounces of gold. In addition, the project contains a measured mineral resource for oxide, run of mine, heap leach of 34.6 Mt at an average grade of 0.27 g/t gold containing 305,000 ounces of gold and an indicated mineral resource for oxide, run of mine, heap leach of 149.4 Mt at an average grade of 0.24 g/t gold containing 1.15 million ounces of gold and an inferred, oxide, run of mine, heap leach mineral resource of 78.7 Mt at an average grade of 0.26 g/t gold containing 549,000 ounces of gold.
About Corvus Gold Inc.
Corvus Gold is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode districts in Nevada. In addition, the company controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects.
Scientific and technical information
Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Pontius is not independent of Corvus, as he is the CEO and president and holds common shares and incentive stock options.
For additional details, see technical report entitled "Technical Report and Preliminary Economic Assessment for the Integrated Mother Lode and North Bullfrog Projects, Bullfrog Mining District, Nye County, Nevada," dated Nov. 1, 2018, and amended on Nov. 8, 2018, with an effective date of Sept. 18, 2018, on the company's profile.
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