Cortus Identifies Carlin-Type Gold Target at Its Whalen Project on Trend from Pinion and Dark Star Deposits in Eureka, Nevada
Cortus Identifies Carlin-Type Gold Target at Its
Whalen Project on Trend from Pinion and Dark
Star Deposits in Eureka, Nevada
Edmonton, Alberta--(Newsfile Corp. - August 19, 2021) -
Cortus Metals Inc.
(TSXV: CRTS)
(the
"
Company
", or "
Cortus
") is pleased to announce the completion of a 193 line-kilometer high-resolution
RMI-RTP ground magnetic survey over the entirety of its Whalen Project (2,500 hectares), located 45
kilometers southwest of Gold Standard Venture's Carlin-type Pinion and Dark Star gold deposits in
Eureka County, Nevada. Cortus has mapped faults that coincide with a distinct northeast structural trend
identified by the ground magnetic survey. This type of trend is associated with gold mineralization in the
region and, together with mapped silicification and jasperoid in outcrop, indicates excellent potential for
Carlin-type mineralization at the Whalen Project.
Figure 1.
High resolution ground magnetic survey correlates magnetic lows with interpreted faults
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6646/93697_db8a770a84bedab9_001full.jpg
Cortus CEO, Sean Mager commented, "Like the rest of our project portfolio, exploration results at
Whalen clearly demonstrate the ability of our team to identify areas under shallow cover with excellent
potential for significant discoveries in the basins of Nevada that are proximal to existing mines and
known deposits in the ranges. Our methodology is leading to the systematic definition of drill targets at
multiple locations. Cortus and its partners are well-positioned for continued success."
Project Highlights
Whalen is along trend from the Dark Star Deposit, which has a resource of 921,000oz Au
(measured and indicated) and 56,000oz Au (inferred), and the Pinion Deposit, which has a
resource of 544,000oz Au (measured and indicated) and 244,000oz Au (inferred), as reported by
Gold Standard Ventures*
The Dark Star and Pinion deposits are similar to Whalen in lithologies (Paleozoic sedimentary
rocks) and important regional N-NE structural trends
Whalen features silicified outcrop with brecciation and jasperoid alteration occurring at the
intersection of northeast and northwest fault systems
Preliminary rock samples at Whalen yield up to 29,000 ppb silver and 93 ppb gold, similar to the
Pinion deposit where silver exists in correlation with gold
Whalen is located within a northeast-trending mineralized corridor that includes Cortus's highly
prospective Roberts Creek and Redrock projects
The Whalen Project is available for acquisition, option, or joint venture.
*Reference:
https://goldstandardv.com/site/assets/files/6016/m3_gsv_revised_pfs_23_03_2020.pdf
Next Steps
The 2021 exploration program was designed to bring the Whalen project to
drill-ready stage. In order to
delineate future drill targeting, the program will define stratigraphic and structural controls on
mineralization through a property-wide 82.7 line kilometer soil sampling survey, in addition to detailed
mapping and rock sampling. The program is scheduled to be completed in Fall of 2021.
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.
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.
On behalf of the Board of Directors
s/ "Sean Mager"
Sean Mager
, Chief Executive Officer
Email:
Telephone: +1.780.701.3215
www.metalsgroup.com
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