74°F
weather icon Mostly Clear

Corvus finds multiple vein systems at Lynnda Strip

Corvus Gold Inc. announced recently it has received additional results from its new Lynnda Strip discovery east and west of the previously announced discovery hole.

The new oxide, vein intersections are within broad zones of lower-grade disseminated mineralization highlighted by an Upper Zone vein in hole ML20-170 and a Lower Zone vein in hole ML20-166. These thick zones of mineralization continue to display a gold system thickness of 150-200 meters that all end in mineralization indicating additional potential at depth.

The higher-grade vein systems at Lynnda Strip are associated with gray quartz stockwork systems that best develop along moderately west-dipping north-south structural zones and reactively flat, east-dipping stratigraphic contact related zones. These veins appear related to subsidiary, structural zones in the hanging wall of large displacement, north-south trending major faults and are surrounded by broad zones of disseminated lower-grade oxide gold mineralization.

Corvus believes that ongoing core drilling at Lynnda Strip has shown the system could extend an addition 100 meters below the initial RC drill holes announced to date with oxidation that could be excess of 500 meters deep.

The dimensions of the Lynnda Strip system is in excess of 500 meters east-west and is displaying a system thickness that could be in excess of 200 meters. As like other systems in the Bullfrog District that are related to North-South trending structural zones, the potential strike extent could be multiples of the currently known width.

Corvus believes that this system could be very large and currently appears to be a higher-grade heap-leach open pit deposit. Corvus’ strategic land position will allow it to assess the width of this north-south trending system which initially will target an approximate 1-kilometer-long fence assessing three major structural zones: Lynnda Strip, South Merlin and Owl Creek, which is the north extension of Mother Lode zone.

“These new results from Lynnda Strip along with the deep extension of the gold system that we see in the ongoing core drilling program is outlining a large new discovery of a deeply oxidized heap leach deposit,” Corvus President and CEO Jeffrey Pontius said. “Corvus’ continued assessment and definition of its size and quality will be a major interest driver for the district.

“The Lynnda Strip target is blind, under nonmineralized cover, resembling all major discoveries made in the district to date and reinforces the exploration potential of this area. When looked at in the context of other western Nevada major, volcanic related gold systems like Round Mountain and Comstock, we could be just scratching the surface of the potential of this re-emerging Nevada Gold District.”

THE LATEST
Tonopah to be home to experimental hypersonic testing facility

Ambitious. It’s an apt word to describe Michael Grace’s vision for the future of his company, Longshot Space Technology Corporation, which, if all goes to plan, will build what he calls the world’s largest potato gun.

Pahrump man arrested for elder abuse

A Pahrump man wanted by the Nye County Sheriff’s Office on suspicion of elder abuse was arrested while attempting to purchase multiple vehicles at a Las Vegas car dealership, according to authorities.

Nye sheriff explains why you shouldn’t flee from the law

A man suspected of driving a stolen vehicle out of Las Vegas led Nye County Sheriff’s Office deputies on a high-speed pursuit into Pahrump on Monday morning, April 15.

Amargosa veterans honored with their own Quilts of Valor ceremony

The Nye County Valor Quilters are on a mission — to cover local veterans in the comfort of healing Quilts of Valor to honor the service and sacrifices they’ve made in the name of freedom – and now, these talented artists have started to expand their reach outside of the Pahrump Valley.

Vehicle in garage destroyed by fire

No serious injuries were reported after fire gutted a vehicle inside the garage of a home along the 2400 block of Zuni Avenue on Wednesday, April 10.

Need a good laugh? Join in a night of hilarious scholarship fundraising

Promising a “laugh-your-ass-off” night of hilarity and musical diversion, Sanders Family Winery is all set to host the Kiwanis Club of the Pahrump Valley Scholarship Fundraiser and its sure to be an amusing time for all involved.

$6.2M allocated to 10 projects

Nye County has earmarked about $6.2 million of its $12 million in Local Assistance and Tribal Consistency Fund (LATCF) grant dollars for a total of 10 projects throughout the county.

GALLERY: Winners of the Pins & Needles Quilt Show

The Bob Ruud Community Center was transformed into a world of color and design during the 19th Annual Pins and Needles Quilt Show, a yearly event that offers a stage to fabric artists of all kinds while giving the community to chance to admire their array of masterpieces.

Nye County loans itself $5.78 million to shore up reserves

In an effort to shore up the financial reserves used to cover cash flow issues in the county general fund, Nye County is loaning itself $5.78 million.