Nevada Deposit Drilling an ‘Unqualified Success’

2nd May 2019 Off By binary

By The Gold Report

Source: Streetwise Reports   04/29/2019

These final results are from an extensive drill program launched in 2017.

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release that the final drill results from its 2019 phase 1 program further delineate the presence of gold in the northern portion of its Dark Star deposit.

The campaign for this deposit at the company’s Railroad-Pinion project in Nevada encompassed 10,729 meters (10,729m) via 71 reverse circulation holes and 231 meters through a single core hole.

With the program, Gold Standard tested for new targets at depth below the current resource and tested for lateral resource expansion next to Dark Star. The infill effort that decreased spacing to 30 meters allowed existing resources to be upgraded to the Measured and Indicated category.

Two reverse circulation holes verified the existence of thick oxide mineralization extensions previously seen in a different drill program. One of them, hole DR19-73, hit 138.7m grading 1.12 grams per ton gold (1.12 g/t Au), including 38.1m of 2.61 g/t Au. The other hole, DR19-74, intersected 65.5m of 1.33 g/t Au, including 30.5m of 1.8 g/t Au.

As for the one core hole, DC19-01, it also confirmed oxide mineralization, with 117.3m of 1.54 g/t Au, including 44.3m of 2.55 g/t Au.

In the release, CEO and Director Jonathan Awde described the Phase 1 Dark Star program as “an unqualified success.”

He added, “We confirmed the deposit’s consistently high-grade oxide character and achieved the drill density ultimately required for reserves in the preliminary feasibility study now in progress. We also learned that oxidation extends deeper than expected, especially to the north, where grades improve at depth and where we believe we have further room to grow.”

Looking forward, Gold Standard plans to shift to exploration drilling from infill and stepout, starting to test several “high-value” targets at Railroad-Pinion in late May.

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( Companies Mentioned: GSV:TSX.V; GSV:NYSE,
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