Cortus to Target >10km Extension of the Structural Corridor Along-strike from Gold Standard's Railroad-Pinion Project
Cortus to Target >10km Extension of the
Structural Corridor Along-strike from Gold
Standard's Railroad-Pinion Project
Edmonton, Alberta--(Newsfile Corp. - March 3, 2021) -
Cortus Metals Inc.
(TSXV: CRTS)
(
the
"
Company
", or "
Cortus
") is pleased to report the results of its 380 line-km high-resolution ground
magnetics survey covering the 2,590-hectare Red Rock project area. The property is located within the
prolific Carlin Trend of northeastern Nevada, approximately 15 km southeast along-trend from Gold
Standard's Pinion and Dark Star gold deposits, which are part of their Railroad-Pinion Project. A
structural corridor trending >10km northwest under shallow alluvial cover was delineated by the ground
magnetics survey, which has been interpreted as an along-strike extension of the structural trends
hosting the Pinion and Dark Star deposits.
Figure 1:
The 2021 high-resolution ground magnetic survey highlights a prospective >10km structural
corridor under shallow alluvial cover. The interpreted structural corridor is on-trend with Gold Standard's
Dark Star and Pinion deposits and considered to be within similar stratigraphy.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6646/75888_8bd380fd642cd86f_001full.jpg
Highlights:
A large northwest-trending break in the ground magnetics survey indicates a previously unmapped
structural corridor beneath shallow alluvial cover
Situated on-trend with the Dark Star and Pinion deposits, which host reserves of 883,000 oz Au
and 364,000 oz Au respectively, and measured and indicated resources of 921,000 oz Au and
544,000 oz Au respectively*
Important stratigraphic positions controlling mineralization at the Dark Star and Pinion deposits are
considered to be drill-accessible under shallow cover at Red Rock
Igneous rocks of Eocene age identified adjacent to the interpreted structural corridor are known to
be important iron sources for the sulfidation reactions necessary to precipitate gold
Jasperoid float is present within the project area, an important vector for gold in the region
Carbonate rock units indicated beneath shallow cover are excellent geochemical traps
A gravity geophysical survey and a soil sampling program are planned
Drill targets will be developed from gold-in-soil anomalies
The Red Rock Project is available for acquisition, option or joint venture
*Reference:
https://goldstandardv.com/site/assets/files/4408/m3_gsv_revised_pfs_23_03_2020.pdf
Dark Star and Pinion Deposits
Mineralization at the Dark Star deposit is typical of oxidized Carlin-style deposits, occurring within
Pennsylvanian siliciclastics and carbonates, and focused where sedimentary rock contacts are
coincident with north-striking faults within the Dark Star Structural Trend.
At the Pinion deposit,
mineralization is controlled by Mississippian and Devonian sedimentary contacts adjacent to a
northwest-striking horst. Alteration associated with mineralization at both deposits is the decalcification
and subsequent silicification of sedimentary rocks proximal to the structural corridors. The stratigraphy at
Red Rock is interpreted to host both important contacts at drill-accessible depths.
Next Steps
The projection of known mineralized structures from the Railroad-Pinion Project under alluvial cover, in
conjunction with geophysical and geochemical methods, indicates a significant opportunity to delineate
and drill for buried gold deposits at Red Rock. Gravity geophysics will be completed to map depths to
bedrock, and a soil sampling program will test for mineralization along the newly identified structural
corridor. Soil geochemistry will be used in conjunction with the recently completed ground magnetics to
develop robust drill targets.
About Cortus Metals Inc.
Cortus Metals Inc. (TSXV: CRTS) is a new Canadian mineral exploration company with a highly
prospective portfolio of early-stage projects in Nevada and an innovative project generator strategy to
advance them to fruition. Cortus' expert team 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 for gold-silver discoveries >1-million-ounces in a
perennially top-rated 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.
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
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