At Lynnda Strip, immediately south of AngloGold Ashanti's Silicon project, drilling continued to return thick intercepts, with highlights including 185.4m grading 0.82 grams per tonne.

Drilling at Lynnda Strip also continues to expand the broad, higher grade internal vein systems within the bulk tonnage deposit with highlights including 21.5m grading 3.32g/t. Corvus said the vein systems at Lynnda Strip appear to be coalescing toward a large new structure target at depth, which is feeding the overall Lynnda Strip deposit.

Further south at Mother Lode, which is in proximity with Coeur Mining's Sterling project, drilling continues to expand the North Feeder Zone with highlights including 26.7m grading 2.57g/t gold and 6.08g/t silver including 7.3m grading 4.7g/t gold and 9.87g/t silver and 14.5m grading 6.48g/t gold and 25.9g/t silver.

"With Corvus' latest drill hole results we continue to add to the potential of the Eastern Bullfrog District along the productive Mother Lode to Silicon Belt. With the numerous discoveries and positive drill results that have been returned from the Eastern Bullfrog District, it appears this area is shaping up to host a large production centre that could involve all major land owners in the area," said Corvus Gold president and CEO, Jeffrey Pontius.

Shares in Corvus Gold are trading at C$3.42, valuing the company at $434 million.