Mr. Jonathan Awde reports
GOLD STANDARD EXPANDS THE NEW DIXIE DEPOSIT IN NEVADA'S CARLIN TREND
Gold Standard Ventures Corp. has released phase 2 results from 18 reverse circulation (RC) drill holes and one core hole at the Dixie deposit and the Arcturus target on its 100-per-cent-owned/controlled Railroad-Pinion project in Nevada's Carlin trend.
Two RC holes at Dixie intersected thick, vertically continuous zones of gold mineralization hosted in pervasively altered and variably oxidized Pennsylvanian-Permian (Penn-Perm) debris flow conglomerate and calcarenite -- the same host section as the Dark Star deposit approximately four kilometres to the north. DX18-19 intersected 118.9 metres of 0.61 gram per tonne gold, including two higher-grade zones of
10.7 m of 1.49 g/t Au and 15.2 m of 1.32 g/t Au. DX18-26 intersected 137.2 m of 0.53 g/t Au including
9.1 m of 1.26 g/t Au
(refer to Dixie plan and section maps on the company's website). These are the thickest intercepts drilled to date at Dixie, once again confirming the host potential of the Penn-Perm carbonate rocks and the abundance of exploration opportunities in the Railroad district.
The 2018 drilling tested new targets west, north and south of Dixie where favourable Penn-Perm carbonate rocks are altered, folded and crosscut by dike-filled faults. The 26 holes completed in 2018 represent the first systematic drilling ever undertaken at Dixie, which lies within the highly prospective north-striking Dark Star corridor. Based on Gold Standard's drilling, gold mineralization at Dixie extends for approximately 2,000 m (north-south along strike) by 500 m (east-west), and remains open in all directions for potential expansion of the deposit.
Jonathan Awde, chief executive officer and director of Gold Standard, commented: "Dixie is beginning to take shape as another valuable discovery by Gold Standard. Although more work needs to be done, the Dixie deposit is growing in size and grades appear to be improving to the north. Historically, the more we learn about deposits like Dixie, the more we find and the better they get. We also expect to make additional new discoveries in this year's program."
Key highlights from Dixie:
-
DX18-19 intersected 118.9 metres of 0.61 g/t Au, including two higher-grade zones of
10.7 m of 1.49 g/t Au and 15.2 m of 1.32 g/t Au
in favourable Penn-Perm debris flow conglomerate and calcarenite. Mineralization occurs in the immediate footwall of a quartz porphyry dike-filled fault corridor. DX18-19 along with DX18-26 and DX18-06 (67.1 m of 1.05 g/t Au -- see June 13, 2018, news release) confirm the vertical and lateral continuity of the gold mineralization, with locally higher-grade intervals exceeding 1.0 g/t Au.
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DX18-26 intersected 137.2 m of 0.53 g/t Au including
9.1 m of 1.26 g/t Au and 6.1 m of 1.02 g/t Au, approximately 100 m south of DX18-19.
Mineralization remains open along strike.
- DX18-24 intersected 18.3 m of 0.92 g/t Au,
including 9.1 m of 1.29 g/t Au, in favourable Penn-Perm calcarenite west of DX18-26. Shallow mineralization occurs proximal to quartz porphyry dikes and begins within 90 m of the current topographic surface.
- On the north end of Dixie, DX18-21 intersected 65.5 m of 0.39 g/t Au,
including 9.1 m of 1.14 g/t Au
in favourable Penn-Perm debris flow conglomerate and calcarenite. Gold mineralization begins approximately 80 m below the current topographic surface.
-
Visual logging of the RC cuttings indicates that the thickness and intensity of oxidation increase to the north. AuCN test results indicate the significant drill intercepts comprised zones of both oxide and reduced mineralization. AuCN ratios are a first-pass estimate of the potential gold recovery and ratios greater than 60 per cent are indicative of oxide material. Further metallurgical work is required.
-
Five holes (DX18-14, -15, -16, -17 and -22) were completed into the new Arcturus target, approximately 750 m west of the Dixie deposit. These are the first holes testing a large area of alteration and favourable structure. No significant results were reported.
DIXIE DRILL RESULTS
Drill hole TD Intercept Thickness Grade
(m) (m) (m) (g/t Au)
DX18-08 530.4 164.6-227.1 62.5 0.38
230.2-275.9 45.7 0.28
DX18-09 428.2 125.0-146.3 21.3 0.40
150.9-198.2 47.3 0.31
218.0-227.1 9.1 0.20
DX18-10 605.0 103.6-140.2 36.6 0.49
including 125.0-132.6 7.6 1.21
DX18-11 446.5 112.8-135.7 22.9 0.51
179.9-222.6 42.7 0.43
DX18-12 461.8 74.7-102.1 27.4 0.36
including 96.0-100.6 4.6 1.01
161.6-189.0 27.4 0.35
including 184.4-189.0 4.6 1.12
DX18-13 518.2 117.4-138.7 21.3 0.38
including 160.0-176.8 16.8 0.62
170.7-175.3 4.6 1.57
184.5-198.2 13.7 0.25
DX18-14 475.8 no assays greater than 0.14 g/t Au
DX18-15 307.8 no assays greater than 0.14 g/t Au
DX18-16 231.6 no assays greater than 0.14 g/t Au
DX18-17 534.9 no assays greater than 0.14 g/t Au
DX18-18 446.5 128.0-205.7 77.7 0.39
214.9-243.9 29.0 0.52
DX18-19 426.7 138.7-257.6 118.9 0.61
including 170.7-181.4 10.7 1.49
including 207.3-222.5 15.2 1.32
DX18-20 349.0 64.0-68.6 4.6 0.24
83.8-88.4 4.6 0.30
160.1-192.1 32.0 0.41
including 187.5-190.6 3.1 1.34
207.3-225.6 18.3 0.19
DX18-21 502.9 70.1-77.7 7.6 0.30
88.4-153.9 65.5 0.39
including 141.8-150.9 9.1 1.14
158.5-163.1 4.6 0.30
DX18-22 376.4 no assays greater than 0.14 g/t Au
DX18-23 423.7 73.1-114.3 41.2 0.31
132.6-143.3 10.7 0.19
DX18-24 324.6 71.6-77.7 6.1 0.19
including 94.5-112.8 18.3 0.92
102.1-111.2 9.1 1.29
DX18-25 464.8 193.6-224.1 30.5 0.24
240.9-248.5 7.6 0.28
DX18-26 449.6 143.3-280.5 137.2 0.53
193.6-202.7 9.1 1.26
including 227.1-233.3 6.1 1.02
including 292.7-303.4 10.7 0.17
315.5-333.8 18.3 0.25
Gold intervals reported in the table were calculated using a 0.14 g/t Au cut-off. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 70 to 90 per cent of drilled thicknesses.
Mike Harp, Gold Standard's project geologist at Dixie, commented: "The phase 2 drill program at Dixie was designed to expand on the higher-grade intercepts and oxide zones identified in the phase 1 drill program. Phase 2 results are starting to indicate a robust gold system, with good continuity, extending over a two km strike length. Dixie hosts thicker, Dark Star-like mineralized intercepts near high-angle, dike-filled structures. The phase 2 drilling also identified additional oxide zones on the northern portion of Dixie where wide-spaced drill intercepts remain open to the north for expansion. With the enhanced understanding of structural controls on mineralization at Dixie and Dark Star, exploration can focus on testing the vertical extent of mineralization at Dixie and applying these concepts to newly identified targets along the greater 12 km strike length of the Dark Star corridor."
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 10th sample. The samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in Elko, Nev., or American Assay Laboratories Inc. in Sparks, Nev., where they were crushed and pulverized. Resulting sample pulps were shipped to Bureau Veritas's certified laboratory in Sparks, Nev., or Vancouver, B.C., or remained with American Assay Laboratories Inc. in Sparks, Nev. Pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. All other elements were determined by ICP (inductively coupled plasma) 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 downhole surveys that were completed on all holes by International Directional Services of Elko, Nev. Final drill collar locations are surveyed by differential GPS by Apex Surveying LLC of Spring Creek, Nev.
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 Corp.
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 the Pinion and Dark Star gold deposits has created potential near-term development option and further consolidates the company's premier land package on the Carlin trend.
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