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Gold Standard Ventures Corp.
Summary
| Project: | Railroad-Pinion | |
|---|---|---|
| Deposit: | Dixie | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-2-2019: Gold Standard Ventures Corp. announces an Exploration/Drilling Update report for its Dixie deposit at the Railroad-Pinion project. Drilling results incl. 118.9m @ 0.61g/t Au from 138.7m. VANCOUVER, British Columbia, Feb. 12, 2019 -- Gold Standa | |
| 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, Feb. 12, 2019 -- Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today reported Phase 2 results from 18 reverse-circulation (“RC”) drill holes and one core hole at the Dixie Deposit and the Arcturus target on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend. Two RC holes at Dixie intersected thick, vertically-continuous zones of gold mineralization hosted in pervasively altered and variably oxidized Pennsylvanian-Permian (“Penn-Perm”) debris flow conglomerate and calcarenite - - the same host section as the Dark Star deposit approximately four km to the north. DX18-19 intersected 118.9m of 0.61 g Au/t, including two highergrade zones of 10.7m of 1.49 g Au/t and 15.2m of 1.32 g Au/t. DX18-26 intersected 137.2m of 0.53 g Au/t including 9.1m of 1.26 g Au/t (refer to Dixie plan and section maps at the following link: https://goldstandardv.com/lp/dixie-feb12-2019- drillmaps/). These are the thickest intercepts drilled to date at Dixie, once again confirming the host potential of the PennPerm carbonate rocks and the abundance of exploration opportunities in the Railroad District. The 2018 drilling tested new targets west, north and south of Dixie where favorable Penn-Perm carbonate rocks are altered, folded and crosscut by dike-filled faults. The 26 holes completed in 2018 represent the first systematic drilling ever undertaken at Dixie, which lies within the highly prospective north-striking Dark Star Corridor. Based on Gold Standard’s drilling, gold mineralization at Dixie extends for approximately 2,000m (north-south along strike) by 500m (east-west), and remains open in all directions for potential expansion of the deposit. | |
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