- Write by:
-
Friday, May 15, 2020 - 7:12:51 PM
-
511 Visit
-
Print
Mining News Pro - Corvus shares traded up 10% on the TSE on Thursday after the company announced a new discovery below its Mother Lode deposit in Nevada.
The company discovered the CIZ zone, an oxidized intrusive dyke swarm below the Mother Lode late last year hitting 50.3m at 1.5 grams per tonne gold, followed by 41m at 1.6 grams per tonne in January.
Corvus said core and assays were indicating “mineralized intensity” and width increased at depth.
The company highlighted a drill hole showing 125.5m @ 2.6 g/t gold including 14.8m @ 8.9 g/t gold & 24.7m @ 4.9 g/t gold.
“These new results now reveal the potential of the CIZ. 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,” said CEO Jeffrey Pontius, in a news release.
“These 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,” he added.
Short Link:
https://www.miningnews.ir/En/News/529592
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation ...
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in ...
No comments have been posted yet ...