14:27:28 EDT Fri 19 Apr 2024
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Lundin says hold Gold Standard

2016-10-01 00:45 ET - In the News

Brien Lundin, in the September, 2016, edition of the Gold Newsletter, says hold Gold Standard Ventures Corp., recently $3.17. Mr. Lundin said buy seven times from December, 2010, to November, 2015, at prices ranging from 55 cents to $1.64. Assuming a $1,000 investment for each of the seven buys, the $7,000 position is now worth $28,964. Gold Standard shot up from less than $2 in early August after releasing drill results that Mr. Lundin found "eye-popping." The results came from the Railroad-Pinion project in Nevada, specifically the North Dark Star deposit, where a hole last year intersected 97 metres of 1.61 grams per tonne gold and 15.4 metres of 1.85 g/t gold. This summer's attention-grabbing hole was drilled 100 metres to the south of last year's hole, and managed even better results: 126.2 metres of 3.95 g/t gold, including 44 metres of 4.7 g/t gold, 17.9 metres of 5.6 g/t gold and 7.9 metres of 10.7 g/t gold. Other nearby holes also showed long intervals of high grades. Such results make Gold Standard "a legitimate takeout target," says Mr. Lundin. He does not recommend chasing the stock, but does see it as a worthy hold.

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