23:22:41 EDT Thu 18 Apr 2024
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or Name
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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 233,536,671
Close 2018-01-22 C$ 2.22
Market Cap C$ 518,451,410
Recent Sedar Documents

Gold Standard drills 237.8 m of 2.96 g/t Au at Railroad

2018-01-23 07:04 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD INFILL DRILLING AT DARK STAR FINDING THICKER/HIGHER GRADE SECTIONS LIKELY TO EXPAND RESOURCE

Gold Standard Ventures Corp. has released results from nine Dark Star deposit infill holes and five exploration drill holes on its 100-per-cent-owned/controlled Railroad gold project in Nevada's Carlin trend. Infill hole DS17-35 intersected 237.8 metres of 2.96 grams per tonne gold, including 93.0 m of 5.06 g/t Au, and infill hole DS17-37 intersected 141.8 m of 3.32 g/t Au, including 25.9 m of 8.63 g/t Au. These are the thickest and highest-grade intercepts drilled to date at the Dark Star deposit, confirming once again the outstanding potential of this thick, laterally continuous zone of near-surface oxide mineralization.

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "This drilling is designed to convert current inferred resources to measured and indicated resources in support of a future prefeasibility study. Nonetheless, we also look at these holes as a second wave of exploration drilling as we discover structural features that appear to drive exceptional grades and thicknesses in certain locations. Some of these results are well in excess of what was predicted in the current resource model and the data could help us find other such occurrences. We are especially encouraged by the additions we are making to the depth dimension of the Dark Star deposit which we had not expected."

Key highlights:

  • In the northern portion of Dark Star, infill hole DS17-35 intersected 237.8 metres of 2.96 g/t Au, including 93.0 m of 5.06 g/t Au. The intercept is approximately 30 m south of DS15-13, which intersected 97.0 m of 1.56 g/t Au (announced April 18, 2017). DS17-35 ended in 0.53 g/t Au at 259.1 m. Approximately 30 m south of DS17-35, DS17-37 intersected 141.8 m of 3.32 g/t Au, including 25.9 m of 8.63 g/t Au. Results from both drill holes substantially outperform the resource block model based on three criteria: mineralization begins at or near the current topographic surface and is shallower than predicted by the model; higher average gold grades; and gold mineralization extends 35 to 42 m below the resource block model.
  • Also in the northern portion of Dark Star, infill hole DS17-36 intersected 73.0 m of 1.60 g/t Au, including 25.8 m of 3.25 g/t Au. DS17-36 is approximately 165 m south of DS17-37. These results confirm the resource block model. Assays from the lower 130 m of this hole are pending.
  • In the southern part of Dark Star, DS17-41 intersected 33.5 m of 0.76 g/t Au including two higher-grade zones of 6.1 m of 1.10 g/t Au and 7.6 m of 1.39 g/t Au. Mineralization in DS17-41 starts at the current topographic surface. Approximately 380 m north of DS17-41, DS17-44 intersected 53.4 m of 0.27 g/t Au. Results in both holes indicate thicker mineralized intervals than the resource block model in this portion of the oxide deposit.
  • In the southern part of Dark Star, infill drill hole DS17-43 intersected 80.8 m of 0.47 g/t Au. Grade of the gold mineralization in DS17-43 appears to outperform the resource block model in this portion of the oxide deposit. Also in the southern part of Dark Star, DS17-40 intersected 57.9 m of 0.62 g/t Au starting at the current topographic surface.
  • DS17-34, a metallurgical core hole, intersected 89.9 m of 0.51 g/t Au. These results confirm the resource block model.
  • DS17-31, -33, -38, -39 and -42 were exploration holes that tested a variety of geophysical, seismic and geologic targets north and west of the known limits of the Dark Star deposit. These holes did not encounter new zones of gold mineralization.

              DARK STAR DRILL RESULTS 

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

DS17-31            no assays greater than 0.20 g/t Au
DS17-32       114.5-116.0           1.5          0.21
              132.0-133.5           1.5          0.24
              159.5-161.0           1.5          0.50
              182.3-192.5          10.2          0.74
DS17-33            no assays greater than 0.20 g/t Au
DS17-34            0-12.8          12.8          0.25
               18.9-108.8          89.9          0.51
DS17-35        21.3-259.1         237.8          2.96
including     160.1-253.1          93.0          5.06
DS17-36        32.9-105.9          73.0          1.60
including      80.2-106.0          25.8          3.25
DS17-37            0-59.5          59.5          1.77
including        9.1-39.6          30.5          2.85
                71.6-88.4          16.8          0.43
               96.0-106.7          10.7          2.78
              123.4-265.2         141.8          3.32
              129.6-155.5          25.9          8.63
DS17-38            no assays greater than 0.20 g/t Au
DS17-39            no assays greater than 0.20 g/t Au
DS17-40            0-57.9          57.9          0.62
including       25.9-35.0           9.1          0.98
                62.5-64.0           1.5          0.31
                73.1-77.7           4.6          0.33
                82.3-83.8           1.5          0.21
DS17-41            0-33.5          33.5          0.76
including           0-6.1           6.1          1.10
                15.2-22.8           7.6          1.39
DS17-42            no assays greater than 0.20 g/t Au
DS17-43        68.6-149.4          80.8          0.47
DS17-44       163.1-216.5          53.4          0.27
              224.1-225.6           1.5          0.24
    
** Gold intervals reported in the 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 are significant shallow oxide intercepts. Infill drill results continue to beat our resource model, and Dark Star is exceeding expectations. We have intersected a strong structural focus of the Dark Star gold system, and it shows us the potential of the systems we are exploring in the Dark Star and Jasperoid Wash corridors."

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 or certified reference material was inserted approximately every 10th sample. The RC samples were delivered to either the 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 the 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 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 down hole surveys that were completed on all holes by International Directional Services or Minex of Elko, Nev. Final 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 has 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.

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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