Gold Standard Ventures Corp. (TSX: GSV) (NYSE AMERICAN: GSV) today reported more oxide gold results from 15 reverse-circulation and core holes at the Dark Star deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend (refer to Dark Star drill hole plan map at the following link
and significant intercept table at the following link
Takeaways from the recent drilling include: 1) in the northern portion of Dark Star, DC19-01 intersected 160.8m of 1.80 g Au/t, including two higher-grade intervals of 44.3m of 2.55 g Au/t and 22.3m of 3.58 g Au/t; 2) drill results in the Dark Star Saddle returned zones of continuous oxide gold mineralization that likely expand the resource and add potential efficiencies to the mine plan; and 3) four drill holes to the east of Dark Star have identified a new, shallow, alluvium-hosted oxide target that is open for expansion.
Jonathan Awde, CEO and Director of Gold Standard commented: “Our Preliminary Feasibility Study proves that two of Railroad-Pinion’s deposits have robust economics at the current gold price and no serious technical hurdles to overcome. As the engineers work to optimize this first pass PFS, our focus is to enhance the project economics, extend the mine life through the conversion of inferred ounces to reserves, and reduce the up-front capital costs. We have made a number of very promising discoveries over the past five years which are not sufficiently advanced to include either in our resource estimates or mine plans but we are highly confident that these opportunities have the potential to add significantly to our current resources.”
Key Highlights from Dark Star:
Dark Star drill results are as follows:
|Drill Hole||Method||Azimuth||Incl.||TD (m)||Intercept (m)||Thickness (m)||Grade (g Au/t)|
|DR19-66||RC||090||-65||259.1||No assays > 0.14 g Au/t|
|DR19-67||RC||270||-65||269.8||No assays > 0.14 g Au/t|
|DR19-75||RC||-90||99.1||No assays > 0.14 g Au/t|
|DR19-79||RC||090||-65||233.2||No assays > 0.14 g Au/t|
|DR19-83||RC||270||-65||224.0||No assays > 0.14 g Au/t|
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.
Don Harris, Gold Standard’s General Manager commented: “With the prefeasibility study milestone behind us, we can now focus on optimizing the mine plan, step out and exploration drilling at Dark Star and Pinion to enhance the existing reserves, and property wide exploration. Results from recent drilling at Dark Star will allow us to redesign the ramp system and lower strip at the project. The discovery of mineralization east of the Dark Star pit is at/near-surface oxide material, which could compliment the current mine plan.”
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company’s project 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. The samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in Elko, NV where they were crushed and pulverized. Resulting sample pulps were shipped to Bureau Veritas certified laboratory in Sparks, NV or Vancouver, BC. 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 ICP analysis. 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.
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.
The scientific and technical content contained in this news release have been reviewed, verified and approved by Steven R. Koehler, Gold Standard’s Manager of Projects, BSc. Geology and CPG-10216, a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.
ABOUT GOLD STANDARD VENTURES
Gold Standard is an advanced-stage gold exploration company focused on district scale discoveries on its Railroad-Pinion Project, located within the prolific Carlin Trend. Gold Standard’s successful exploration of Pinion and Dark Star has created potential near-term development option and further consolidates the Company’s premier land package on the Carlin Trend.
Pinion has a resource estimate prepared in accordance with NI 43-101 consisting of an Measured and Indicated Mineral Resource of 28.93 million tonnes grading 0.58 g/t Au and 4.22 g/t Ag, totaling 544,000 ounces of gold and 3,929,000 ounces of silver, and an Inferred Resource of 10.81 million tonnes grading 0.64 g/t Au and 3.80 g/t Ag, totaling 224,000 ounces of gold and 1,322,000 ounces of silver, using a cut-off grade of 0.14 g/t Au and constrained by a $1,500/Au ounce LG Cone.
The Dark Star deposit has a resource estimate prepared in accordance with NI 43-101 consisting of an Measured and Indicated Mineral Resource of 32.72 million tonnes grading 0.88 g/t Au, totaling 921,000 ounces of gold and an Inferred Resource of 2.48 million tonnes grading 0.70 g/t Au, totaling 56,000 ounces of gold, using a cut-off grade of 0.14 g Au/t and constrained by a $1,500/Au ounces LG Cone.
North Bullion has a resource estimate prepared in accordance with NI 43-101 consisting of an Indicated Mineral Resource of 2.92 million tonnes grading 0.96 g/t Au, totaling 90,100 ounces of gold and an Inferred Resource of 10.97 million tonnes grading 2.28 g/t Au, totaling 805,800 ounces of gold, using a cut-off grade of 0.14 g Au/t for near surface oxide and 1.25 to 2.25 g Au/t for near surface sulfide and underground sulfide respectively.
Jasperoid Wash has a resource estimate prepared in accordance with NI 43-101 consisting of an Inferred Resource of 10.57 million tonnes grading 0.33 g/t Au, totaling 111,000 ounces of gold, using a cut-off grade of 0.14 g Au/t and constrained by a $1,500/Au ounces LG Cone.
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