Corvus Gold announced results from the first of six targets being tested as part of the company's ongoing "New Discovery" exploration program.

Initial follow-up drill holes from the North Jolly Jane target have returned broad zones of low-grade mineralization with several, plus ten-metre-thick zones of +0.5 g/t gold. Results to date suggests grades are improving to the north where follow-up drilling is scheduled to begin shortly.

Jeff Pontius, President and CEO of Corvus said, "The initial drilling in the North Jolly Jane target has been encouraging and is beginning to outline a large area of thick and deeply oxidized low-grade mineralization with some higher grade zones ranging 0.5-0.8 g/t gold. Results are also suggesting that grades improve as we move north towards a major structural intersection, which is being followed up with additional drilling. These early encouraging results along with the results pending for the other five New Discovery targets will provide additional news flow in the coming months on this expanding new Nevada gold discovery."

North Jolly Jane Target

The higher-grade zones in the North Jolly Jane target area are related to stockwork quartz veining along the West Jolly Jane fault zone and appear to be increasing as the drill program steps out to the north (NB-17-432 with 10.7m @ .0.80 g/t Au and 12.2m @ 0.76 g/t Au). The large District scale, West Jolly Jane Fault intersects another northeast trending District scale structural zone about 100 metres to the north of hole NB-17-432 which is currently being drill tested. In addition to structurally controlled higher grade zones the North Jolly Jane target area has potential to develop a large new deposit of higher grade (twice the current grade) heap leach material that could enhance the project economics and production plan.

Phase I District "New Discovery" Program

The North Jolly Jane target is one of six targets that will be tested this spring in the initial phase of Corvus Gold's New Discovery program. These targets all have prior scout drilling or surface sampling which indicate a gold system may be present. If a significant discovery is made on one of these new targets it would be followed up with a grid drill program to assess the deposit's resource potential.