Mr. Jonathan Awde reports
GOLD STANDARD PHASE 2 DRILLING CONTINUES TO EXPAND OXIDE GOLD ZONES AT PINION, CARLIN TREND NEVADA
Gold Standard Ventures Corp. has released assay results of seven 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 seven returned significant intercepts with gold values well above the cut-off grade of 0.14 gram per tonne gold established by APEX Geoscience Ltd. of Edmonton in its National Instrument 43-101 resource estimate announced on Sept. 10, 2014 (see news release). Results include five intercepts grading above one gram per tonne as well as a thicker zone of 108.2 metres of 0.58 gram per tonne.
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 totalled 10,893 metres of RC drilling in 44 holes. Assays are pending for holes PIN14-24 and -25, PIN14-28 and -29, PIN14-32, and PIN14-34 through -57.
Key observations:
-
The targeted multilithic, dissolution collapse breccia host was
intersected in all seven holes. Similar to the phase 1 drilling, gold
mineralization is continuous and widespread within this highly
permeable, altered and oxidized breccia, this gold-bearing horizon 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.
- The gold-bearing intercept in PIN14-19 successfully expanded the
southeast strike extent of thicker breccia hosted mineralization along
the Main zone fault, an important gold-controlling structure at Pinion.
This hole demonstrates that thick gold intercepts, developed well down
into brecciated Devil's Gate calcarenite, continue southeast beneath the
bottoms of shorter historic drill holes in that area. Phase 3 drilling in 2015 will
follow up on these results.
- Along the eastern limb of the new Anticline target, holes PIN14-23, -26,
-27, -30, -31 and -33 successfully intersected oxide gold mineralization
along a previously undrilled 200-metre-by-100-metre north-northeast
trend. Mineralization in PIN14-33 is
open to the south for additional exploration.
DRILL RESULTS
Drill From To Thickness Grade
hole TD (m) (m) (m) (m) (g/t Au)
PIN14-19 291.2 182.9 291.1 108.2 0.58
Including 184.5 193.6 9.1 1.23
Including 260.7 269.8 9.1 1.34
PIN14-23 225.6 189.0 193.6 4.6 0.65
205.8 225.6 19.8 0.29
PIN14-26 277.4 193.6 207.3 13.7 1.07
Including 198.1 202.7 4.6 1.92
213.4 225.6 12.2 0.27
PIN14-27 225.6 175.3 211.9 36.6 0.76
Including 176.8 184.4 7.6 2.22
PIN14-30 262.2 53.3 56.4 3.1 0.20
176.8 181.4 4.6 0.60
192.1 199.7 7.6 0.47
PIN14-31 256.1 160.1 184.5 24.4 1.45
Including 164.6 176.8 12.2 2.11
PIN14-33 280.5 182.9 199.7 16.8 0.61
204.3 205.8 1.5 0.16
227.1 230.2 3.1 0.25
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 70 to 95
per cent of drilled thicknesses.
Mac Jackson, Gold Standard's vice-president of exploration, stated: "These phase 2 intercepts show that we are gaining an understanding of the structural controls on thicker and higher-grade mineralization within the widespread, flat-lying collapse breccia host at Pinion. This will allow us to continue to add ounces at Pinion by sharpshooting targets like the extension of the Main zone fault or fold axes in 2015 phase 3 drilling."
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 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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