Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) reported that assay results from two core holes and three reverse circulation holes in the Yellowjacket Zone at the North Bullfrog Project in Nevada have identified new high-grade gold vein systems and expand near-surface mineralization along trend to the North increasing the projects “starter pit” potential.
As quoted in the press release:
Assay results from NB-13-347 and NB-13-230 along with core from holes NB-13-353 and 354 appear to have intersected an entirely new vein system of gold mineralization. The new vein system appears to be trending north-westerly from the Yellowjacket Zone towards North Sierra Blanca and could be indicating a broadening of the high-grade zone to the North (Figure 1). This new high-grade gold system remains open to the north, south and at depth and lies west of the other three distinct vein systems.
Corvus Gold Chief Executive Officer Jeff Pontius said:
The continued encouraging results from the Yellowjacket Zone are now defining a large and expanding zone of shallow, much higher grade, open pit, heap leach material for the initial phase of mining at North Bullfrog. In addition the discovery of additional high-grade veins over a broad area highlights the potential for the high-grade system to grow in scale to that of the +2 million ounce Bullfrog Mine located to the south of the project. These ongoing results are outlining what could be a major new Nevada high-grade gold discovery that could greatly enhance Corvus shareholder value.