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Gold Standard Ventures Corp.
Summary
| Project: | Railroad-Pinion | |
|---|---|---|
| Deposit: | Dark Star | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2018: Gold Standard Ventures Corp. announces an Exploration/Drilling Update report for its Dark Star deposit at the Railroad-Pinion project. Drilling results incl. 190.5m @ 2.28g/t Au from 30.5m. VANCOUVER, British Columbia, Sept. 24, 2018 -- Gold St | |
| Resources: | (Resource): 15.38Mt @ 0.54g/t Au (Ind) and 17.05Mt @ 1.31g/t Au (Inf) at Dark Star | |
| CP/QP: | [Overall Report]: Steven Koehler (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 24, 2018 -- Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today reported impressive new results from 4 reverse-circulation (“RC”) and 12 core holes at the Dark Star deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend. These results are likely to have a substantial impact on the Dark Star deposit’s resource potential and development planning. Four holes in the northern portion of Dark Star intersected exceptional, vertically-continuous zones of oxidized gold mineralization including 190.5m of 2.28 g Au/t, 230.2m of 1.87 g Au/t, 240.8m of 1.70 g Au/t, and 122.0m of 0.81 g Au/t. These results continue to confirm oxide gold resource potential well below the depth of the current resource model. This autumn, as part of an expanded development drilling program announced last week, approximately 5,400m of additional RC drilling in 17 holes will test new targets at depth below the current resource model, and 18 additional holes will test the potential for lateral resource expansion to the north, west and south of the current resource (see September 20, 2018 news release). To date 23,644m of infill, step-out and geotechnical drilling have been completed in 132 RC and core holes at Dark Star (refer to Dark Star drill hole plan map at the following link - https://goldstandardv.com/lp/ds-september24-2018-drillmaps/). Results from 12 Dark Star holes are summarized below, and with this news release, results have now been reported for 119 of the 132 holes that have been completed. Three of the five rigs active on-site will focus on Dark Star through the remainder of 2018. Jonathan Awde, CEO and Director of Gold Standard commented: “In our view, these results are very encouraging. Dark Star is emerging as an important Carlin oxide deposit with multi-million ounce potential and the size to support a large-scale, bulkminable open pit production scenario. After three years of significant success, we think we may still be scratching the surface of Dark Star’s prospects which we now think may also include a deeper sulfide zone typical of the larger Carlin-style deposits to the north. We are very excited to have the opportunity to continue drilling with an expanded program over the next two or three months. ” | |
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