Mr. Jonathan Awde reports
GOLD STANDARD VENTURES INTERSECTS ADDITIONAL HIGH GRADE GOLD MINERALIZATION WITHIN THE NORTH BULLION DEPOSIT. GOLD ENVELOPE CONTINUES TO EXPAND. RAILROAD PROJECT, CARLIN TREND, NEVADA
Gold Standard Ventures Corp. has released results from eight core holes drilled into the North Bullion fault zone on its 100-per-cent-controlled Railroad project on the Carlin trend, Nevada.
Highlights:
- Hole 13-08, a 75-metre (246-foot) step-out to the north of the North Bullion gold deposit, encountered multiple zones of significant mineralization from 192 to 377 metres (630 to 1,237 feet), including a high-grade zone in the lower breccia which returned 73.5 metres (241 feet) grading 3.67 grams per tonne of gold (0.107 ounce per short ton gold) including 7.6 metres (25 feet) of 12.07 grams per tonne gold (0.352 ounce per short ton gold). Upper hole highlights: a 38.7-metre (127-foot) intercept averaging 2.02 grams per tonne (0.059 ounce per short ton gold), including 7.9 metres (26 feet) of 3.77 grams per tonne gold (0.110 ounce per short ton gold), 4.9 metres (16 feet) of 5.62 grams per tonne gold (0.164 ounce per short ton gold) and 25.5 metres (83.5 feet) of 1.89 grams per tonne gold (0.055 ounce per short ton gold) between 192 and 230 metres (630 feet and 757 feet).
- Hole 13-01, a 300-metre (984-foot) step-out to the south of the known NB deposit, returned 20.4 metres (67 feet) of 1.06 grams per tonne gold (0.031 ounce per short ton gold), appearing to effectively increase the deposit's strike length by a third.
- Holes 13-02 through 13-07 have confirmed the continuity and width of mineralization within the NB deposit and each one returned significant gold values.
- Holes 13-08 and 13-01 together represent a 375-metre (1,230-foot) north and south extension to the NB gold deposit. The deposit remains open in multiple directions. The success of these step-out holes further strengthens the potential of the entire 10-kilometre-long Bullion fault corridor.
Key observations:
- The high-grade results in 13-08 not only extend the high-grade zone 75 metres (246 feet) to the north but, more importantly, demonstrate the presence of high-grade mineralization within the lower breccia zone. The lower breccia dominantly comprises collapse breccias which are typically a key host for the better gold mineralization in the most productive deposits of the Carlin trend. Until 13-08, the company has encountered consistently thick intervals of mineralization in the lower breccia grading 0.3 to two grams per tonne of gold. Discovering high-grade mineralization in this location bodes well for finding additional high-grade within the NB deposit and elsewhere in the Railroad district.
- Further drilling is required to determine the orientation of the high grade within the larger envelope of gold mineralization comprising the NB deposit. This drilling is now in progress. Feeder conduits may be more vertical than originally thought and may be oriented subparallel to the drilling completed to date.
- The NB deposit remains completely open to the north and south.
Gold Standard commenced phase 2 definition drilling of the NB gold deposit in February, 2013. Prior drilling consisted of a combination of vertical holes and east-directed fanned holes toward the graben-bounding structure on the east flank of the main NB target zone. The NBFZ mineralization is fairly typical of the Carlin-style, footwall-model deposits where mineralization is best developed near to the major flanking structure. Historically, better mineralization is encountered up to several hundred feet from the structure. The original east-directed holes effectively discovered the deposit and served to characterize the gold mineralization. Westerly oriented drill holes, 13-02 through 13-10, were designed to establish the dimensions and provide definition to the deposit, which is a continuing process.
Dave Mathewson, Gold Standard's vice-president of exploration, stated: "We remain very confident that the NB gold deposit represents a major Carlin-style discovery and that we will be able to further demonstrate the size and the continuity of the high-grade over the next several months. Our Nevada exploration team is also anxious to recommence exploration drilling along the prospective Bullion fault corridor to the south using what we have learned at the NB deposit. Only a small portion of the 10 kilometres (six miles) of target strike length that Gold Standard controls has been explored. The surface geochemistry -- combined with the CSAMT data -- appears to strengthen toward the south and the few historic shallow drill holes that were completed also enhance the prospectiveness of the Bullion fault corridor southward."
DRILL HOLE
RR13-01 Intercept (m) Thickness (m) Gold grade (g/t) Other
(Ag/Cu, Pb, Zn)
137.8-139.3 1.5 0.38
488.1-490.8 2.7 0.34
497.0-498.8 1.8 0.34
524.4-532.0 7.6 0.34
562.0-563.7 1.7 0.79
581.7-602.1 20.4 1.06
605.5-609.8 4.3 0.51
673.5-676.4 2.9 0.55
RR13-02 218.5-221.6 3.1 0.41
226.5-233.8 7.3 0.45
296.6-375.0 78.4 0.93
Including 304.9-311.9 7 2.26
RR13-03 153.4-154.9 1.5 0.41
159.5-165.6 6.1 0.38
189.3-200.0 10.7 1.51
Including 190.9-192.4 1.5 5.49
292.7-293.9 1.2 1.2
307.6-337.8 30.2 0.72
357.6-363.7 6.1 0.45
395.7-422.5 26.8 0.65
RR13-04 150.0-160.1 10.1 0.65 0.65 oz Ag/st
285.6-354.2 68.6 0.438
Including 287.9-294.7 6.8 2.13
361.8-428.7 66.9 0.87
RR13-05 155.8-176.2 20.4 0.96 0.57 oz Ag/st
211.0-213.1 2.1 0.34
239.9-249.0 9.1 2.34
Including 242.4-247.6 5.2 4.01
256.6-368.8 112.2 0.56
378.9-393.8 14.9 0.3
429.2-453.8 24.6 0.5
488.0-493.2 5.2 0.48
506.6-509.3 2.7 1.17
RR13-06 150.5-155.5 5 0.58
162.8-166.7 3.9 1
211.0-233.1 22.1 2
301.2-322.2 21 0.69
336.0-394.2 58.2 0.51
445.1-449.8 4.7 0.79
RR13-07 188.4-189.9 1.5 0.65
193.1-194.3 1.2 0.38
220.7-221.9 1.2 0.72
236.2-365.2 129 0.89
Including 273.5-286.6 13.1 2.19
Including 343.6-357.9 14.3 1.89
385.4-406.1 20.7 0.48
411.6-412.8 1.2 0.38
RR13-08 192.1-230.8 38.7 2.02
Including 192.1-200.0 7.9 3.77
Including 195.1-200.0 4.9 5.62
205.3-230.8 25.5 1.89
303.6-377.1 73.5 3.67
Including 336.9-344.5 7.6 12.07
Including 352.1-364.3 12.2 6.93
Assays complete to 384 metres, TD at 578.5 metres
RR13-09 In progress
RR13-10 In Progress
Note: The gold intervals reported in the table are based on a 0.100-gram-per-tonne-gold (0.003-
ounce-per-short-ton-gold) cut-off. Weighted averaging has been used to calculate all reported
intervals. The reported gold intervals may, or may not represent true thicknesses and, or widths.
In general, the gold distribution within these large, complex breccia bodies tends to be irregular
and will require additional drilling to establish true widths.
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 drill to the sample preparation facility was continuously monitored. Core was cut at the company's facility in Elko and one-half was sent to the lab for analysis and the other half retained in the original core box. A blank, quarter-core duplicate or certified reference material was inserted approximately every 10th sample. The samples are delivered to ALS Minerals preparation facility in Elko. The samples are crushed and pulverized and sample pulps are shipped to ALS Minerals certified laboratory in Vancouver. Pulps are digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy finish on a 30-gram split. All other elements are determined by ICP analysis. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.
The scientific and technical content, and interpretations contained in this news release have been reviewed, verified and approved by Steven R. Koehler, BSc geology and CPG-10216, Gold Standard's manager of projects, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
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