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Corvus Gold Inc
Symbol KOR
Shares Issued 123,987,845
Close 2019-11-07 C$ 1.77
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Corvus finds new target at Mother Lode, begins drilling

2019-11-07 11:58 ET - News Release

Mr. Jeffrey Pontius reports


Corvus Gold Inc. has received preliminary geophysical data from a deep-penetrating induced polarization survey over the Mother Lode deposit. Geophysical results have outlined both the main Mother Lode deposit as well as a new and strong anomaly approximately 150 metres below the main deposit. In addition, drilling has begun again at the Mother Lode project where a series of follow-up mineral resource expansion and stepout holes are under way along with precollar holes for the initial deep-drill testing of the North Deep target and the new Deep Core target identified by the IP survey.

At the Deep Core target, the coincident strong conductor and highly resistive zone identified by geophysics is believed by Corvus to be analogous to an intrusive driven or unique stratigraphic controlled alteration/mineralization system and could be the source and driver of the extensive shallower deposit above. Supplementing these geophysical results is the high-grade intercept reported March 19, 2019 (ML19-104, 126.5 metres at 1.85 grams per tonne gold including 10.7 m at 6.28 g/t gold and 70.3 g/t silver) with the highest grades at the bottom of the hole where the hole was lost. These results returned a strong intrusive signature that could be related to a deeper, hotter, higher-grade gold system.

Jeffrey Pontius, president and chief executive officer of Corvus, said: "The new deep-penetrating geophysical data has outlined an attractive intrusive or sediment-hosted target below the large Mother Lode deposit. Corvus believes the potential of this target could spur a new era of exploration for the district as well as impact future development and valuations. Corvus's expanded drill program at both North Bullfrog and Mother Lode is effectively and expeditiously advancing the company's potential and unlocking the major district controls on these large and growing gold systems."

Qualified person

Mr. 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.

Carl E. Brechtel (Nevada PE 008744 and registered member 353000 of SME), a qualified person as defined by NI 43-101, has co-ordinated execution of the work outlined in this news release and has approved the disclosure herein. Mr. Brechtel is not independent of Corvus, as he is the chief operating officer and holds common shares and incentive stock options.

About the North Bullfrog and Mother Lode projects, Nevada

Corvus controls 100 per cent of its North Bullfrog project, which covers approximately 90.5 square kilometres in southern Nevada. The company also controls 445 federal unpatented mining claims on the Mother Lode project, which totals approximately 36.5 square kilometres, which it owns 100 per cent.

About Corvus Gold Inc.

Corvus 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. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share-price leverage in an advancing gold and silver market.

We seek Safe Harbor.

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