June 29, 2011
Vancouver, B.C��..Corvus Gold Inc. (�Corvus� or the �Company�) - (TSX: KOR) announces further results from its 2010-2011 drill program at its North Bullfrog Project, located near Beatty, Nevada. Highlights from the latest round of results confirm the existence of thick, continuous, largely oxide gold mineralization covering an area of approximately 1.6 square kilometres. New drill results include 81 metres of 0.6 g/t gold (hole NB-11-91), 88 metres of 0.5 g/t gold (hole NB-11-88), 302 metres of 0.33 g/t gold (hole NB-11-91) and 265 metres of 0.3 g/t gold (hole NB-11-95).
Corvus has now completed its Phase I drill program, which totalled 17,820 metres in 75 holes, and assays are still pending on 15 drill holes. Work has begun on an updated resource model, which is expected to be completed in September of this year. In addition to completing an updated resource model, the Company will be conducting a series of metallurgical tests including large diameter columns and expanded bottle roll tests. Following this work, the Company will be permitting a Phase II drill program to further define this large new gold system.
Jeff Pontius, CEO of Corvus, stated: �We are extremely pleased with these results as they clearly demonstrate the presence of a major new gold system at the North Bullfrog project and we look forward to advancing our understanding of this exciting new Nevada discovery. In addition, the near-surface, widespread, largely oxidized nature of the mineralization offers potential for a large-scale, low-cost, run-of-mine heap leach operation which could be attractive in our current gold price environment.�
The drill results reported in this release come primarily from the Yellowjacket, Sierra Blanca and Savage Valley targets, as well as surface chip channel results (JJRX) from the Jolly Jane target area (Figure 1).
To read the complete news release, please see our web site at http://corvusgold.com/_resources/news/nr_2011_06_29.pdf