Cortus Defines High Priority Epithermal Drill Targets at the Grayson Project Along Strike from Relief Canyon Mine, Nevada
Cortus Defines High Priority Epithermal Drill
Targets at the Grayson Project Along Strike
from Relief Canyon Mine, Nevada
Edmonton, Alberta--(Newsfile Corp. - September 2, 2021) -
Cortus Metals Inc.
(TSXV: CRTS)
(OTCQB: CRTTF) (
the "
Company
", or "
Cortus
") is pleased to announce the results of a detailed
gravity survey and a soil geochemistry survey on the target area at the Grayson project in Pershing
County, Nevada, USA. The gravity survey covers an area of 42.9 km
2
over the central-southern portion of
the Grayson property, indicating two zones of achievable drill depths (see figure 1). The soil samples
were collected at 120m intervals with 150m line spacing, totaling 686 samples over the target area of
17.63 km
2
. Samples were analyzed for 61 elements using the Ionic Leach method, a proven technique
for detecting buried precious metal mineralization. The results displayed zones of elevated gold as well
as important gold pathfinder elements including arsenic, mercury, and antimony.
Figure 1.
Orthophoto showing relative positions of the Grayson Project, the Relief Canyon Mine, and
proximal mercury, antimony, and fluorite mines with results from the recent detailed gravity survey.
Inset:
Gravimetric data overlain by geochemical anomalies within the target area.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6646/95231_8a6ad6b334971a18_001full.jpg
Cortus CEO Sean Mager commented, "The new geochemical and gravimetric data, in addition to
previous mapping, rock sampling and a detailed ground magnetic survey have enabled Cortus' team of
experts to define achievable drill targets and bring the Grayson project to the drill-ready stage. This
proprietary data and a highly prospective land package present an excellent opportunity to deliver a
2,000-4,000 metre drilling program with potential for a significant discovery."
Project Highlights
7,600-hectare claim package on alluvial/volcanic covered pediment close to numerous past and
presently producing mines including Relief Canyon, Coeur-Rochester Mine and Spring Valley
Canyon Mine
Similar stratigraphic and structural controls as those controlling mineralization at the Relief Canyon
Mine, 26 km northwest and along strike of the Luning-Fencemaker thrust fault system. Relief
Canyon reported a resource of 789,000 oz of gold (measured-indicated) and 45,200 oz of gold
(inferred) in 2018
*
Robust correlations between mapped structures, geochemical data and magnetic anomalies
defining drill targets
Antimony, mercury, and fluorite mines are present within the range; these are common gold
pathfinders located on the peripheries of large gold deposits
Rock grab samples in strongly silicified units yield anomalous gold values up to 647 ppb
Achievable drill depths under shallow alluvium cover have been identified by a recent gravity survey
over the central and southern portion of the property
Drill permitting for the Grayson project is in progress
The Grayson Project is at the drill-ready stage and is available for acquisition, option or joint
venture.
Reference:
*Technical Report and Feasibility Study for the Relief Canyon Project, Pershing County, Nevada, USA. Pershing Gold Corporation. July 6, 2018.
Soil Analytical Procedures
Sample preparation completed at the Elko, Nevada at the ALS Global facility then sent for analysis in
Vancouver, British Columbia the ALS Global facility. Samples were prepared by disaggregating with a
rubber hammer then a non-biased 50g nominal soil sample was collected from the entire field sample;
no drying or screening was used in this process. The Ionic Leach method was used to analyze samples
for 61 elements. This procedure is defined by static sodium cyanide leach using ammonium chloride,
citric acid and EDTA with the leachant buffered to an alkaline ph of 8.5. Soil samples were taken
systematically at 120m sample spacing and 150m line spacing, covering the target area of the project
and a secure chain of custody procedure was maintained in storing and transporting samples.
About Cortus Metals Inc.
Cortus Metals Inc. (TSXV: CRTS) (OTCQB: CRTTF) is a new Canadian mineral exploration company
with a portfolio of highly prospective early-stage gold and silver projects in the basins of Nevada and an
innovative project accelerator strategy to advance them to fruition. Generally, the projects are located
near operating mines or known deposits, and on the same hosting fault structure. Cortus' team of experts
uses systematic methods and proprietary data to target significant epithermal and Carlin-type
mineralization beneath shallow cover. We provide investors with exceptional opportunities to capitalize
on the potential to discover gold-silver deposits of
>1-million-ounces in a perennially top-ranked mining
jurisdiction. Our mandate is to collaborate with third parties to complete drill programs of 2,000-4,000
metres, with Cortus retaining a significant interest in the outcomes. Our projects are available for
acquisition via sale, option and/or joint venture mechanisms.
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc,
P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.
On behalf of the Board of Directors
s/ "Sean Mager"
Sean Mager
, Chief Executive Officer
Email:
Telephone: +1.780.701.3215
Cortus Metals Inc. is part of the Metals Group of Companies, managed by an award-winning team of
professionals who stand for technical excellence, painstaking project selection and uncompromising
corporate governance, with a proven ability to identify and capitalize on investment opportunities and
deliver shareholder returns.
www.metalsgroup.com
Forward Looking Information
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THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This News Release includes certain "forward-looking statements". Although the Company believes
that assumptions and factors used in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such information. All statements, other than
statements of historical fact, including without limitation, future plans and objectives of the Company,
are forward-looking statements that involve various risks and uncertainties, assumptions and other
factors that may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by the
forward-looking statements. Any forward-looking statement speaks only as of the date of this news
release. No assurance can be given that such events will occur in the disclosed time frames or at all.
The Company disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, other than as required
by law.
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