Mr. Jonathan Awde reports
GOLD STANDARD EXPANDS NEAR-SURFACE, OXIDE GOLD DEPOSIT AT JASPEROID WASH
Gold Standard Ventures Corp. has released phase 1 results from 27 reverse circulation (RC) holes and one core hole at the Jasperoid Wash deposit on its 100-per-cent-owned/controlled Railroad-Pinion project in Nevada's Carlin trend. Jasperoid Wash is located approximately six kilometres south of the Pinion deposit and 7.5 km southwest of the Dark Star deposit.
Jonathan Awde, chief executive officer and director of Gold Standard, commented: "Jasperoid Wash is one of five new, priority early-stage exploration targets being drilled this year. This phase 1 drilling at Jasperoid Wash continues to closely resemble the early work at our Dark Star and Pinion deposits. We are finding shallow, higher-grade intercepts within a broad, continuous zone of pervasive, lower-grade oxide gold mineralization. We expect that this year's program will enable us to define structural controls that account for the better grades, as we found at Dark Star and Pinion, and this will enable Jasperoid Wash to make a valuable contribution to our Railroad-Pinion resource."
The 28 holes reported today are a portion of Gold Standard's $25.8-million (U.S.) development and exploration program which includes an estimated 74,800 metres of RC and core drilling in 381 holes (see Feb. 26, 2018, news release). The 2018 Jasperoid Wash phase 1 program, which totalled 5,027 m of drilling, was designed to reduce spacings to approximately 100 m and provide the requisite data for a maiden resource estimate by the end of 2018; provide core for metallurgical testing; and test for possible lateral extensions to the target area.
Key highlights from Jasperoid Wash:
-
JW18-26 intersected 22.9 m of 0.76 gram per tonne gold,
including 10.7 m of 1.15 g/t Au, and JW18-28 intersected 38.1 m of 0.63 g/t Au,
including 15.2 m of 1.23 g/t Au. These intercepts begin at or near the current topographic surface and are the northernmost drill holes completed in the phase 1 program. Mineralization in these holes remains open to the north, west and east, and this area will be a focus of a phase 2 drill program later this summer.
-
Core hole JW18-01 intersected 80.8 m of 0.53 g/t Au,
which included two higher-grade zones of 6.1 m of 1.15 g/t Au and 4.6 m of 1.56 g/t Au. JW18-01 twinned and verified results in JW17-10, a 2017 RC drill hole that intersected 77.7 m of 0.48 g/t Au (see Jan. 11, 2018, news release). Material from this core hole will be used for column leach testing.
-
JW18-24 intersected 51.8 m of 0.58 g/t Au,
including 9.1 m of 1.01 g/t Au. This intercept is approximately 100 m north of JW17-01, a 2017 core hole that intersected 103.7 m of 0.56 g/t Au, including a higher-grade zone of
30.5 m of 0.93 g/t Au
(see Oct. 5, 2017, news release). These new results further define the lateral continuity of the gold zone.
-
Drilling has outlined a zone approximately 1,150 m long (striking north-northeast) by 650 m wide (east-west) of near-surface, shallow, oxide gold mineralization that remains open in multiple directions. The 28 current holes continue to establish lateral continuity of the oxide mineralization.
- Drilling continues to establish the Pennsylvanian-Permian-age carbonate rocks as an important gold host on the Carlin trend. Regionally, this highly prospective carbonate host section intersects the Carlin trend in the southern portion of Gold Standard's Railroad property. The gold mineralization at Jasperoid Wash, Dark Star and Dixie occurs in these favourable host rocks.
JASPEROID WASH DRILL RESULTS
Drill hole TD Intercept Thickness Grade
(m) (m) (m) (g/t Au)
JW18-01 280.1 42.1-122.9 80.8 0.53
including 43.6-49.7 6.1 1.15
including 53.6-58.2 4.6 1.56
130.5-145.4 14.9 0.18
JW18-02 211.8 18.3-79.3 61.0 0.23
112.8-120.4 7.6 0.20
JW18-03 100.6 no assays greater than 0.14 g/t Au
JW18-04 243.8 0-7.6 7.6 0.16
143.3-161.6 18.3 0.20
JW18-05 182.9 no assays greater than 0.14 g/t Au
JW18-06 182.9 24.4-29.0 4.6 0.24
64.0-85.3 21.3 0.30
89.9-106.7 16.8 0.50
111.2-140.2 29.0 0.19
JW18-07 182.9 79.3-86.9 7.6 0.26
91.5-97.6 6.1 0.62
JW18-08 121.9 4.6-35.1 30.5 0.17
JW18-09 121.9 0-7.6 7.6 0.20
19.8-25.9 6.1 0.18
JW18-10 182.9 16.8-44.2 27.4 0.34
65.5-70.1 4.6 0.20
86.8-89.9 3.1 0.25
96.0-115.8 19.8 0.34
JW18-11 182.9 15.2-33.5 18.3 0.29
39.6-73.1 33.5 0.27
JW18-12 91.4 16.7-27.4 10.7 0.18
JW18-13 121.9 106.7-118.9 12.2 0.19
JW18-14 182.9 42.7-48.8 6.1 0.19
JW18-15 182.9 50.3-62.5 12.2 0.40
68.6-76.2 7.6 0.20
JW18-16 182.9 0-27.4 27.4 0.25
82.3-85.4 3.1 0.33
JW18-17 182.9 16.7-27.4 10.7 0.24
JW18-18 182.9 42.7-47.3 4.6 0.22
57.9-73.1 15.2 0.16
135.7-144.8 9.1 0.22
JW18-19 243.8 10.7-22.9 12.2 0.41
56.4-61.0 4.6 0.46
67.1-105.2 38.1 0.28
114.3-131.1 16.8 0.39
135.7-147.9 12.2 0.21
152.4-161.5 9.1 0.29
207.3-225.6 18.3 0.17
JW18-20 182.9 9.1-24.3 15.2 0.29
82.3-158.5 76.2 0.30
JW18-21 198.1 35.1-44.2 9.1 0.22
59.4-70.1 10.7 0.19
170.7-184.4 13.7 0.19
JW18-22 182.9 no assays greater than 0.14 g/t Au
JW18-23 182.9 16.7-19.8 3.1 0.27
JW18-24 243.8 68.6-106.7 38.1 0.22
128.0-132.6 4.6 0.22
161.6-213.4 51.8 0.58
including 182.9-192.0 9.1 1.01
224.1-243.9 19.8 0.41
JW18-25 121.9 9.1-12.2 3.1 0.46
21.3-27.4 6.1 0.19
47.3-56.4 9.1 0.26
77.7-115.8 38.1 0.22
JW18-26 167.6 0-22.9 22.9 0.76
including 9.1-19.8 10.7 1.15
56.4-62.5 6.1 0.24
114.3-137.2 22.9 0.46
JW18-27 152.4 35.1-48.8 13.7 0.33
64.0-73.1 9.1 0.46
129.6-150.9 21.3 0.17
JW18-28 228.6 1.5-39.6 38.1 0.63
including 10.7-25.9 15.2 1.23
50.3-88.4 38.1 0.43
including 51.8-54.9 3.1 1.21
Gold intervals reported in the table were calculated using a 0.14 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, commented: "We continue to expand the near-surface, oxide gold zone at Jasperoid Wash and are encouraged that the geologic controls on the gold system are very similar to those at Dark Star. The deposit remains open in multiple directions. As we step out in phase 2 drilling during August-September, we'll be looking for structural settings that have the potential to host one to four g/t Au oxide zones analogous to those we've intersected at North Dark Star."
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, certified reference material or rig duplicate was inserted approximately every 10th sample. The samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in Elko, Nev., or American Assay Laboratories Inc. in Sparks, Nev., where they were crushed and pulverized. Resulting sample pulps were shipped to Bureau Veritas certified laboratory in Sparks, Nev., or Vancouver, B.C., or remained with American Assay Laboratories Inc. in Sparks, Nev. Pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. Overlimit gold assays were determined using a fire assay fusion with a gravimetric 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 ensure accurate and verifiable results.
Drill hole deviation was measured by gyroscopic downhole surveys that were completed on all holes by International Directional Services of Elko, Nev. Final drill collar locations are surveyed by differential GPS (global positioning system) by Apex Surveying LLC of Spring Creek, Nev.
The scientific and technical contents 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.
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 2014 Pinion and Dark Star gold deposit acquisitions offer Gold Standard a potential near-term development option and further consolidate the company's premier land package on the Carlin trend. The Pinion deposit has a mineral resource estimate prepared in accordance with NI 43-101 consisting of an indicated mineral resource of 31.61 million tonnes grading 0.62 gram per tonne Au, totalling 630,300 ounces of gold, and an inferred mineral 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. The Dark Star deposit, 2.1 kilometres to the east of Pinion, has a mineral resource estimate prepared in accordance with NI 43-101 consisting of an indicated mineral resource of 15.38 million tonnes grading 0.54 g/t Au, totalling 265,100 ounces of gold, and an inferred mineral resource of 17.05 million tonnes grading 1.31 g/t Au, totalling 715,800 ounces of gold, using a cut-off grade of 0.2 g/t Au.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.