TSX: KOR OTCQX: CORVF
VANCOUVER, June 29, 2015 /CNW/ - Corvus Gold Inc.
("Corvus" or the "Company") - (TSX: KOR, OTCQX: CORVF) announces
that, as part of its continuing corporate cost control initiatives,
it has consolidated the CEO and President positions, which will be
held moving forward by Company founder and current CEO,
Jeff Pontius. Jeff possesses an
exceptional track record spanning 38 years of new discovery,
project development and shareholder value creation. These cost
savings measures will enable expanded funding of the Company's
ongoing drilling program at its new high-grade discovery on the
North Bullfrog project in Nevada.
This consolidation results in the departure of current
President, Russell Myers. Corvus
Gold would like to thank Mr. Myers for his service and wishes him
the best in his future endeavors.
Mark Reischman, Corvus Gold's
Nevada Exploration Manager will continue to lead the North Bullfrog
exploration program with the primary focus on the expansion of the
new YellowJacket discovery and testing of numerous new high-grade
exploration targets across the project. Mark possesses over
25 years of geological experience predominantly focused on new
discovery exploration and resource development in Nevada. In addition to spending the last 5
years as Corvus Gold's Nevada Exploration Manager, Mark has played
a key exploration role for groups which include BHP, AngloGold
Ashanti, and, significantly, as a member of Barrick's Bullfrog
District evaluation team in the 1990's.
About Corvus Gold Inc.
Corvus Gold Inc. is a North American gold exploration company,
which is focused on advancing its 100% controlled Nevada, North Bullfrog project towards a
potential development decision. In addition, the Company
controls a number of other North American exploration properties
and royalties representing a spectrum of gold, silver and copper
projects.
On behalf of
Corvus Gold Inc.
(signed) Jeffrey A.
Pontius
Jeffrey A.
Pontius,
Chairman and Chief Executive Officer
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and US
securities legislation. All statements, other than statements
of historical fact, included herein including, without limitation,
statements regarding the anticipated content, commencement and cost
of exploration programs, anticipated exploration program results,
the discovery and delineation of mineral
deposits/resources/reserves, the potential for any mining or
production at North Bullfrog, the potential for the identification
of multiple deposits at North Bullfrog, the potential for a
low-cost run-of-mine heap leach operation at North Bullfrog, the
potential for there to be a low strip ratio in connection with any
mine at North Bullfrog, the potential for the existence or location
of additional high-grade veins, the proposed completion of one or
more feasibility studies for the North Bullfrog project, the
potential for additional resources to be located between certain of
the existing deposits, the potential for the Company to secure or
receive any royalties in the future, business and financing plans
and business trends, are forward-looking statements. Although
the Company believes that such statements are reasonable, it can
give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified
by words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions
investors that any forward-looking statements by the Company are
not guarantees of future results or performance, and that actual
results may differ materially from those in forward looking
statements as a result of various factors, including, but not
limited to, variations in the nature, quality and quantity of any
mineral deposits that may be located, variations in the
market price of any mineral products the Company may produce or
plan to produce, the Company's inability to obtain any necessary
permits, consents or authorizations required for its activities,
the Company's inability to produce minerals from its properties
successfully or profitably, to continue its projected growth, to
raise the necessary capital or to be fully able to implement its
business strategies, and other risks and uncertainties disclosed
in the Company's latest interim Management Discussion and
Analysis and filed with certain securities commissions in
Canada and the United
States. All of the Company's Canadian public disclosure
filings may be accessed via www.sedar.com and the
Company's United States public
disclosure filings may be accessed via www.sec.gov
and readers are urged to review these materials, including the
technical reports filed with respect to the Company's mineral
properties.
This press release is not, and is not to be construed in any
way as, an offer to buy or sell securities in the United States.
SOURCE Corvus Gold Inc.