Mr. Jonathan Awde reports
GOLD STANDARD CONTINUES TO EXPAND OXIDE GOLD ZONES AT PINION, CARLIN TREND NEVADA
Gold Standard Ventures Corp. has released assay results of eight reverse-circulation holes from the Pinion phase 2 drilling program at its 100-per-cent-owned Railroad-Pinion project in Nevada's Carlin trend. All eight returned significant intercepts with gold values well above the cut-off grade established by APEX Geoscience Ltd. of Edmonton in its National Instrument 43-101 resource estimate announced on Sept. 10, 2014, with intercepts up to 32 metres of 2.25 grams per tonne in hole PIN 14-18.
Phase 2 drilling was designed to extend areas of known shallow oxide gold mineralization along strike and at depth, and to test new targets identified by the phase 1 program. Phase 2 (now completed) included 10,893 metres of RC drilling in 44 holes. Assays are pending for holes PIN14-19 and PIN14-23 through PIN14-57.
Key observations:
-
The targeted multilithic, dissolution collapse breccia host was
intersected in all eight holes. Similar to the phase 1 drilling, gold
mineralization is continuous and widespread within this highly
permeable, silicified, and oxidized breccia which is favourably
sandwiched between relatively impermeable silty micrite of the overlying
Mississippian Tripon Pass formation and thick-bedded calcarenite of the
underlying Devil's Gate formation.
- At the new anti-cline target, gold-bearing intercepts in PIN14-14, -16,
-18 and -21 confirm and expand additional oxidized mineralization along
the axis of a north-northeast-striking anti-cline. The four holes drilled
into this target successfully intersected mineralization over a strike
length of 170 metres, representing a separate zone of thicker, higher-grade
gold extending south-southwest from Main zone mineralization. Higher-grade intervals,
exceeding two grams per tonne gold in PIN14-18 and -21, remain open along strike to the
south.
- At East Pinion, holes PIN14-20 and PIN14-22 expanded the lateral extent
of the breccia-hosted gold zone 75 metres to the north and 75 metres to the east,
respectively, from historic drill intercepts. Mineralization in PIN14-20
is open to the north for additional exploration.
- Gold-bearing intercepts in PIN14-15 and PIN14-17 successfully infilled
an area on the east side of Pinion where historic drill holes were
spaced 30 to 60 metres apart.
DRILL RESULTS
Drill TD From To Thickness Grade
hole Method (m) (m) (m) (m) (g/t Au)
PIN14-14 RC 257.6 173.8 190.6 16.8 0.62
242.4 248.5 6.1 0.28
PIN14-15 RC 201.2 0 4.6 4.6 0.21
82.3 115.8 33.5 0.36
126.5 143.3 16.8 0.23
154.0 160.1 6.1 0.25
PIN14-16 RC 275.9 218.0 253.1 35.1 0.78
PIN14-17 RC 231.7 99.1 115.9 16.8 0.22
135.7 157.0 21.3 0.39
PIN14-18 RC 245.4 154.0 186.0 32.0 2.25
Including 154.0 160.1 6.1 3.96
PIN14-20 RC 231.7 126.5 141.7 15.2 0.38
147.9 155.5 7.6 0.56
163.1 176.8 13.7 0.21
PIN14-21 RC 263.7 161.6 195.1 33.5 1.42
Including 169.2 175.3 6.1 2.00
Including 181.4 190.6 9.2 1.80
PIN14-22 RC 265.2 4.6 10.7 6.1 0.30
179.8 182.9 3.1 0.78
Note: Gold intervals reported in this table were calculated using
a 0.14-gram-per-tonne gold cut-off. Weighted averaging has been
used to calculate all reported intervals. True widths are
estimated at 75 to 90 per cent of drilled thicknesses.
Mac Jackson, Gold Standard's vice-president of exploration, stated: "We tested multiple targets with 44 holes during phase 2 drilling at Pinion, and with these intercepts in the anti-cline and east targets, results are off to a great start. Grade and thickness of the oxide gold zone continue to correlate well with the collapse breccia host horizon, which increases in thickness or strength of alteration within structural zones like the anti-cline or crossing faults. We look forward to a steady stream of assay results now that we have completed phase 2 at Pinion."
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. 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, Nev. 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, Gold Standard's manager of projects, BSc geology, CPG-10216, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
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