Corvus Gold jumps 15% on Nevada drill results

Nevada explorer Corvus Gold (TSX:KOR) traded up 15% to $2.58 a share on Wednesday after announcing a new discovery below its Mother Lode deposit.

The company highlighted a drill result showing 125.5m @ 2.6 g/t gold including 14.8m @ 8.9 g/t gold & 24.7m @ 4.9 g/t gold.

In a news release Jeffrey Pontius, President and CEO of Corvus, said the results reveal the potential of CIZ.

“These new results now reveal the potential of the CIZ. We will be evaluating this exciting target with our ongoing innovative core drilling program at Mother Lode. In addition to the ongoing exploration work that is expanding the Mother Lode deposit, development work is also rapidly progressing on our low-Capex, quick to account, Phase1 starter project at North Bullfrog. These exciting Corvus Gold developments are highlighting the potential of the Bullfrog District and along with new land acquisitions and discoveries by our neighboring production companies it is shining a bright light on this under explored area of Nevada. We expect that the Bullfrog District and Corvus Gold will become one of the major focuses of the Nevada and North American gold sector in 2020.”

By Kitco News
For Kitco News