Cortus Delineates Subsurface Structures at the Grayson Project Along Strike From the Relief Canyon Mine
Cortus Delineates Subsurface Structures at
the Grayson Project Along Strike From the
Relief Canyon Mine
Edmonton, Alberta--(Newsfile Corp. - August 26, 2021) - Cortus Metals Inc. (TSXV: CRTS)
(
the
"
Company
", or "
Cortus
") is pleased to announce the completion of a 59.3 line-kilometer high-resolution
ground magnetics survey over the southern one-third of its 7,613 ha Grayson Project, where rock grab
samples in silicified jasperoid yield highly anomalous gold concentrations of up to 647 ppb. This new
data shows linear magnetic lows coincident with mapped structures and alteration, indicating these
structures extend into the basin below shallow alluvial cover. The orientation and scale of these structures
support these features as potential zones of structurally controlled, subsurface, hydrothermal fluid flow
leading to epithermal alteration.
Cortus CEO Sean Mager commented, "Several large gold and silver deposits, including Relief Canyon,
Coeur-Rochester, and Spring Valley are located within close proximity to the Grayson Project, where
similar structures are coincident with anomalous mineralization and its associated alteration. We look
forward to following up these magnetic survey and rock grab sample results with gravity and soil survey
results to generate targets for near-term drilling at Grayson."
Figure 1.
Orthophoto showing relative positions of the Grayson Project, the Relief Canyon Mine, and
Mercury, Antimony, and Fluorite mines. Inset figure shows the well-defined correlation between major
structures and the magnetic lows, which could be representative of alteration related to epithermal fluid
flow and potential gold mineralization.
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Project Highlights
Grayson features similar stratigraphic and structural controls as those controlling mineralization at
the Relief Canyon Mine, 26 km northwest and along strike of the important Luning-Fencemaker
thrust fault system. Relief Canyon reported in 2018 a gold resource of 789,000 oz Au measured
and indicated, and 45,200 oz Au inferred
*
Grayson displays well-defined correlations between mapped structures, surface samples, and
magnetic anomalies
Antimony, mercury, and fluorite deposits are located along thrust faults in the adjacent range; these
are common pathfinder elements, often present on the periphery of large gold deposits
Rock grab samples in silicified jasperoid yield gold concentrations up to 647 ppb
Assay results from ALS Global are pending for soil sampling over the target area
Forthcoming results of a detailed gravity survey over the target area will help to determine bedrock
depths
The Grayson Project 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.
Next Steps
A detailed gravity survey is expected to define bedrock-depth and achievable drill targets. Results are
also pending for multi-element assays of 737 soil samples processed by ALS Global. The ongoing 2021
fieldwork program will deepen our understanding of the stratigraphic and structural controls on
mineralization at Grayson. The gravity and soil geochemical results will be used in support of the existing
geological and geophysical data to generate well-defined drill targets for the 2021 exploration program.
Drill permitting is in progress.
About Cortus Metals Inc.
Cortus Metals Inc. (TSXV: CRTS) is a new Canadian mineral exploration company with a portfolio of
highly prospective early-stage projects in 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
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