Cortus Projects Include 17 Highly Prospective Epithermal and Carlin-Type Gold Targets Available for Joint Venture
Cortus Projects Include 17 Highly Prospective
Epithermal and Carlin-Type Gold Targets
Available for Joint Venture
Edmonton, Alberta--(Newsfile Corp. - March 28, 2022) -
Cortus Metals Inc.
(TSXV: CRTS) (OTCQB:
CRTTF)
(
the "
Company
", or "
Cortus
") is pleased to provide an update on its project portfolio featuring
17 highly prospective and road accessible gold exploration targets located in the prolific north-central
region of Nevada, USA, a perennially top-ranked mining jurisdiction whose economy and infrastructure
are driven by mining (see Figure 1). These targets are under shallow alluvial cover where mountain
ranges transition to valley floors (the "pediment"). They are available for joint ventures to drill with the goal
of making multiple significant new discoveries near existing mines and known deposits, ultimately
delivering assets to producers who are expected to be making acquisitions within 2 to 5 years to replace
depleted reserves.
Cortus CEO Sean Mager commented, "The Cortus strategy is based on joint ventures funding multiple
drill programs to make significant new discoveries and then developing them to the point of becoming
marketable production assets. The scale of our targeting model could generate Tier 1 gold assets. Of
course, in Nevada, favourable economics enable relatively small and low-grade deposits to become
marketable assets as well. Our goal is to have at least half of our projects under Option with drill
programs commencing in the immediate to near term."
Figure 1- Map of Cortus project locations relative to major gold mines, gold trends, and cities.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6646/118315_b201e0328456da71_001full.jpg
Nevada has produced more than 200 million ounces of gold over the past 200 years*, almost entirely
from the well-exposed and well-explored rocks of mountain ranges. Similar production potential is
untapped between the mountain ranges in the virtually unexplored basins of Nevada, where Cortus is
focused. Its portfolio of projects ranges from grassroots with a detailed exploration field program plan in
place, to drill-ready with permits and bonds in progress.
The Company selects projects based on expert analysis and interpretation of tectonic settings, structural
controls and hydrothermal activity within the Great Basin. Cortus has diligently evaluated projects,
secured mineral tenure, compiled and organized data, and conducted extensive field work programs
including (1) extensive soil geochemical surveying using the latest analytical methods designed
specifically for detecting anomalies through cover, (2) gravimetric surveys to define structure and
estimate depths to bedrock for drill targeting, (3) detailed ground magnetic surveys to evaluate structural
and lithological controls on mineralization, and (4) bedrock, structural, and alteration mapping to define
epithermal and Carlin-type gold targets (See Figure 2).
* Reference:
https://pubs.nbmg.unr.edu/The-NV-mineralindustry-2018-p/mi2018.htm
Figure 2:
Stages of systematic exploration methodology
To view an enhanced version of Figure 2, please visit:
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Accordingly, the projects have been grouped into 3 stages of exploration as described in detail below:
Stage 1
Stage one of exploration involves analyzing the structural setting, regional gravity and magnetic data, and
research of all projects and producing mines nearby. Preliminary mapping and applying the proprietary
methodology are used to assess the property potential, land packages are then staked, and a detailed
exploration plan is developed for each project. Cortus currently holds eight projects at stage one of
exploration:
Barchan Project
Boone Project
Cornwall Project
Northeast Sleeper
Project
Kelly Creek Project
North Ivanhoe Project
Elevenmile Project
Shafter Project
Stage 2
Stage two of exploration involves the collection and analysis of rock and soil geochemistry, detailed
geological mapping, and geophysics, including detailed ground magnetic surveys and, where
necessary, gravity surveys to define drill targets. Cortus currently holds six projects at stage two of
exploration:
Cobre Project
Redrock Project
Whalen Project
-Carlin-type target, located 11km
along strike from Nevada Gold's
Long Canyon Mine
-Surface sampling and
geochemical analysis in progress
-Carlin-type target located in the
Carlin Trend 15km along trend
from Gold Standard Venture's
Pinion and Dark star deposits
-Surface sampling and
geochemical analysis in progress
-Carlin-type target located along
trend from Gold Standard
Venture's Pinion and Dark star
deposits
-Rock samples yield up to 29,000
ppb Ag and 93 ppb Au
-Surface sampling and
geochemical analysis in progress
West Ivanhoe Project
Paris Project
Goldrun Project
-
Epithermal target, located within
the Carlin Trend 6 km's west of
Hecla's Hollister Mine
-Surface sampling and
geochemical analysis in progress
-Carlin-Type Target
-Ground geophysics, surface
sampling and geochemical
analysis in progress
-located at the intersection of the
Getchell Trend and Battle
Mountain Eureka Trend
-Carlin-type Au and Cu-Au skarn
target potential
-Rock chip assays yield up to
>4000ppb gold and >29,000ppb
silver
Stage 3
Stage three of exploration consists of drill-ready projects prepared to test well-defined targets. Cortus
currently holds 3 projects at stage three of exploration:
Grayson Project
Powerline Project
Roberts Creek Project
-Epithermal target located along
strike from Relief Canyon Mine
-Rock samples yield up to 647
ppb gold
-Drill targets well defined through
geophysical surveys and
geochemical analysis
-Permitting in progress
-Epithermal target located along
strike from Waterton's Spring
Valley Deposit
-Rock samples yield up to 84 ppb
gold and 6490 ppb silver.
-Drill targets well defined through
geophysical surveys and
geochemical analysis
-Permitting in progress
-Carlin-type target located along
strike from McEwan's Gold Bar
deposits
-In-soil gold anomaly measuring
3000 x 500 meters
-Drill targets well defined through
geophysical surveys and
geochemical analysis
-Permitting 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 generator strategy to
advance them to fruition. 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 top-ranked mining jurisdiction. Our mandate is to collaborate with third parties to complete
drill programs of 2-4,000 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 a member of the Metals Group, managed by a team of accomplished 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
On behalf of the Board of Directors
s/ "Sean Mager"
Sean Mager
, Chief Executive Officer
Email:
Telephone: +1.780.701.3215
Forward-Looking Information
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
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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