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Gold Standard Continues to Expand and Define Pinion SB Zone

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Gold Standard Continues to Expand and Define Pinion SB Zone






Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) announced positive drill results from eight reverse circulation drill holes at the Pinion SB Zone as part of its 2021 Exploration and Development Program (see press release dated May 20, 2021). The SB Zone is the contiguous southeast extension of the Pinion deposit.




Jason Attew, President and CEO, commented, “We are very encouraged by the 2021 drilling results at the SB Zone. We are intersecting mineralization closer to surface than previously estimated and the target remains open to the south and east. We look forward to continuing to explore this target in 2022 with the goal of adding to the existing Pinion mineral resource by year-end.”


Key Highlights:

  • SB Zone represents the best mine life extension opportunity at the South Railroad Project; potential production from this zone would be additive to the life of mine plan contemplated in the upcoming Feasibility Study.
  • PR21-07 intersected 27.4m of 1.26 g Au/t, one of the highest grade intercepts at the SB Zone to date.
  • PR21-06 intersected 45.7m of 0.52 g Au/t with mineralization beginning closer to surface than previous estimations of the SB Zone; the geological interpretation of this development will inform future SB Zone drill programs.
  • PR21-01 and PR21-02 were two of the most eastern holes ever drilled at SB Zone, and PR21-03 and PR21-04 were two of the most southern holes ever drilled at SB Zone; all four drill holes intersected mineralization and prove the target remains open to the south and to the east.
  • The 2021 program is a follow up of the significant intercepts from the 2020 SB Zone program which included 61.1 of 1.07 g Au/t in hole PC20-22.


Pinion SB Zone Drill Results:


Drill Hole Method Azimuth Incl. TD (m) Intercept (m) Thickness (m) Grade (g Au/t)
PR21-01 RC   -90 335 187.5-202.7 15.2 0.68
PR21-02 RC 270 -70 335 50.3-61.0 10.7 0.35
and 172.3-184.5 12.2 0.52
PR21-03 RC   -90 335 24.4-29.0 4.6 1.25
PR21-04 RC   -90 335 149.4-155.5 6.1 0.23
and 167.7-176.8 9.1 0.34
and 201.2-227.1 25.9 0.46
and 237.8-248.5 10.7 0.35
PR21-05 RC   -90 335 0-1.5 1.5 0.37
and 10.7-12.2 1.5 0.18
PR21-06 RC   -90 335 91.5-137.2 45.7 0.52
including 103.7-108.2 4.6 1.39
PR21-07 RC   -90 335 269.8-297.3 27.4 1.26
PR21-08 RC   -90 335 53.4-54.9 1.5 0.35
and 91.5-94.5 3.0 0.80
and 160.1-198.2 38.1 0.51


Note: Gold intervals reported in this table were calculated using a 0.14 g Au/t cutoff for oxide mineralization. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 70-90% of drilled thicknesses.


Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance


All Gold Standard sampling was conducted under the supervision of the Company’s senior geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. A blank, certified reference material, or rig duplicate was inserted approximately every tenth sample. Samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in either Sparks, NV or Hermosillo, Mexico where they were crushed and pulverized. Resulting sample pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. Over limit gold assays were determined using a fire assay fusion with a gravimetric finish on a 30-gram split. All other elements were determined by induced coupled plasma (ICP) in Vancouver, B.C. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results. Additional QA/QC testing was completed with American Assay Labs in Reno, Nevada on the original sample pulps prepared by Bureau Veritas using fire assay fusion with an ICP finish.


Drill hole deviation was measured by gyroscopic down hole surveys that were completed on all holes by International Directional Services of Elko, NV. Final drill collar locations are surveyed by differential GPS by Apex Surveying, LLC of Spring Creek, Nevada.


All third party laboratories and service providers used or retained in the analysis of the samples are independent of Gold Standard.


Qualified Persons


Richard Yancey, Geology Manager, is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.


About Gold Standard


Gold Standard is developing the South Railroad Project, an open pit, heap leach gold project located in Elko County, Nevada. The project is part of a +21,000 hectare land package on the Carlin Trend, and is 100% owned or controlled by Gold Standard. The goal of the Company is to become the low-cost junior producer of choice in Nevada, one of the premier mining jurisdictions in the world.


Posted January 18, 2022

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