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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 233,496,671
Close 2017-12-06 C$ 1.83
Market Cap C$ 427,298,908
Recent Sedar Documents

Gold Standard drills 164.6 m of 2.26 g/t Au at Railroad

2017-12-07 06:45 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD VENTURES INTERSECTS 68.4M OF 3.35 G AU/T AND 164.6M OF 2.26 G AU/T AT THE DARK STAR OXIDE GOLD DEPOSIT, CARLIN TREND NEVADA

Gold Standard Ventures Corp. has released results from four infill holes at the Dark Star oxide gold deposit on its 100-per-cent-owned/controlled Railroad project in Nevada's Carlin trend. These drill holes are a portion of Gold Standard's 2017 $15.5-million (U.S.) program which includes up to 48,800 metres of reverse circulation and core drilling in 117 holes (see Feb. 2, 2017, news release). These four holes are part of an infill drilling program designed to reduce drill spacing in critical portions of Dark Star to 30 m. Recent results continue to confirm the resource block model and reduce risk associated with the project.

Infill core hole DS17-28 intersected 68.4 m of 3.35 grams per tonne gold approximately 70 m north of DS17-20 (136.0 m of 2.67 g/t Au) and approximately 30 m south of DS16-24, which intersected 97.3 m of 3.34 g/t Au (see news release dated April 18, 2017). These new results are expected to improve the grade of the current block model in this portion of Dark Star.

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "Infill drilling at Dark Star continues to return grades and thicknesses above our expectations based on the current resource model. This deposit is taking shape as a potentially exceptional economic opportunity. Drilling is still proceeding with five rigs working on Dark Star and several exploration targets throughout the Railroad project. We are pressing to get as much done as possible while the weather permits, and we are excited by the prospects for some of the new areas we are drilling for the first time."

Key highlights:

  • In the northern portion of Dark Star, infill core hole DS17-28 intersected 68.4 m of 3.35 g/t Au, including two higher-grade zones of 7.0 m of 14.30 g/t Au and 6.0 m of 10.30 g/t Au. Grade of the gold mineralization in DS17-28 appears to outperform the resource block model in this portion of the oxide deposit and confirm the lateral continuity of a plus 1.0 g/t Au gold zone located in the immediate hangingwall of the Ridgeline fault.
  • DS17-30 is an RC hole completed approximately 35 m south of DS16-08 and 30 m east of DS17-28. The hole intersected an a thick zone of 164.6 m of 2.26 g/t Au, including three higher-grade zones of 16.8 m of 4.12 g/t Au, 16.8 m of 2.86 g/t Au and 36.6 m of 3.51 g/t Au. Results confirm the block model grade estimates in this zone, but more importantly indicate a thicker mineralized interval than the resource block model predicted.
  • DS17-29 is an RC hole completed approximately 60 m south of DS17-28 and 30 m east of DS17-20 (136.0 m of 2.67 g/t Au) (see news release dated Nov. 7, 2017). The hole (DS17-29) intersected 118.9 m of 1.27 g/t Au including three higher-grade zones of 9.1 m of 2.98 g/t Au, 4.6 m of 4.36 g/t Au and 33.5 m of 1.70 g/t Au. Results confirm the resource block model in this portion of the oxide deposit and, importantly, extend the block model by approximately 20 m at depth.
  • In the northern portion of Dark Star, infill RC hole DS17-27 intersected 118.9 m of 0.69 g/t Au including 4.6 m of 2.38 g/t Au and 6.1 m of 1.75 g/t Au. This hole confirms the grade of the block model in this location. However, the hole was completed only to a depth of 182.9 m and ended in 2.19 g/t Au. This intercept extends the zone estimated by the current block model by approximately 30 m at depth.

Dark Star drill results are as shown in the table.

                       DARK STAR DRILL RESULTS

Drill hole        Intercept (m)    Thickness (m)     Grade (g/t Au)

DS17-27             64.0-182.9            118.9               0.69
Including            85.3-89.9              4.6               2.38
Including          160.0-166.1              6.1               1.75
DS17-28              16.2-87.2             71.0               0.31
                   117.3-185.8             68.4               3.35
Including          136.1-178.5             42.4               5.23
Also including     137.8-144.8              7.0              14.30
Also including     154.1-160.1              6.0              10.30
DS17-29             53.4-172.3            118.9               1.27
Including            54.9-64.0              9.1               2.98
Including            70.1-74.7              4.6               4.36
Including           97.6-131.1             33.5               1.70
DS17-30             48.8-213.4            164.6               2.26
Including            54.8-71.6             16.8               4.12
Including           97.5-114.3             16.8               2.86
Including          164.6-201.2             36.6               3.51
         
* Gold intervals reported in this table were calculated using a 
0.20 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.

Mac Jackson, Gold Standard's vice-president of exploration, stated: "These thick, high-grade oxide intercepts at Dark Star outperform the current resource model, adding grade and increasing thickness. Dark Star is a high-quality, open-pit oxide deposit, and we are likely to find more as we continue to explore the same Penn.-Perm. host section and structural setting moving south on the large land package that we added this year."

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. Core was cut at the company's facility in Elko and one-half was sent to the lab for analysis and the remaining material retained in the original core box. A blank or certified reference material was inserted approximately every 10th sample. The core and RC samples were delivered to either ALS Minerals or Bureau Veritas Mineral Laboratories preparation facility in Elko, Nev., where they were crushed and pulverized. Resulting sample pulps were shipped to either ALS Minerals or Bureau Veritas certified laboratory in Sparks, Nev., or Vancouver, B.C. 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 Minex or International Directional Services of Elko, Nev. Final collar locations are surveyed by differential GPS (global positioning system) by Apex Surveying LLC of Spring Creek, Nev.

The scientific and technical content contained in this news release has 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 National Instrument 43-101.

About Gold Standard Ventures Corp.

Gold Standard is an advanced-stage gold exploration company focused on district-scale discoveries on its Railroad-Pinion gold project, located within the prolific Carlin trend. The Dark Star deposit, 2.1 kilometres to the east of Pinion, now has a National Instrument 43-101-compliant resource estimate consisting of an indicated mineral resource of 15.38 million tonnes grading 0.54 gram per tonne gold, totalling 265,100 ounces of gold, and an inferred resource of 17.05 million tonnes grading 1.31 g/t Au, totalling 715,800 ounces of gold, using a cut-off grade of 0.20 g/t Au. The Pinion deposit has an NI 43-101-compliant resource estimate consisting of an indicated mineral resource of 31.61 million tonnes grading 0.62 g/t Au, totalling 630,300 ounces of gold, and an inferred resource of 61.08 million tonnes grading 0.55 g/t Au, totalling 1,081,300 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced March 15, 2016).

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