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Gold Standard Ventures Corp.
Summary
| Project: | Railroad-Pinion | |
|---|---|---|
| Deposit: | Dixie | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2018: Gold Standard Ventures Corp. announces an Exploration/Drilling Update report for its Dixie deposit at the Railroad-Pinion project. Drilling results incl. 13.7m @ 1.63g/t Au from 152.4m. VANCOUVER, British Columbia, June 13, 2018 -- Gold Standar | |
| Resources: | (Resource, I+I): 10.97Mt @ 2.28g/t Au for 805800oz Au contained at North Bullion | |
| CP/QP: | [Overall Report]: Steven Koehler (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 13, 2018 -- Gold Standard Ventures Corp. (TSX:GSV) (NYSE AMERICAN:GSV) (“Gold Standard” or the “Company”) today reported results from seven reverse-circulation (“RC”) drill holes at the Dixie Target on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend. This is the first systematic drilling ever undertaken at Dixie which lies approximately four km south of the Dark Star Deposit and within the highly prospective northstriking Dark Star Corridor (refer to Dixie plan and section maps at the following link https://goldstandardv.com/lp/dixieJune2018-drill-maps/) Jonathan Awde, CEO and Director of Gold Standard commented: “We are very excited by the potential for a significant deposit at Dixie. This target was known historically but the geology was misunderstood at the time. Our technical team recognizes that Dixie has many similarities to the high-grade deposit at North Dark Star, including the same host rock and structural setting that we have learned to value in our five years of intensive exploration at Railroad-Pinion. The key favorable features appear to exist along Dixie’s 2000 meters of known strike length and potentially along the entire 12 km. length of the Dark Star corridor, which would be a major development. With just under $40 million in our treasury, we have lots of room to pursue this and other opportunities in the district.” Success at Dixie is in addition to recent developments at Jasperoid Wash where Gold Standard drilled its first hole in 2017 and expects to report a maiden resource estimate by the end of 2018, just 14 months later. This year’s first seven holes at Dixie are a portion of Gold Standard’s US$25.8 million development and exploration program which includes an estimated 74,800m of RC and core drilling in 381 holes (see February 26, 2018 news release). One of the objectives of the 2018 drilling was to test new targets west and south of Dixie where favorable Pennsylvanian-Permian (“PennPerm”) carbonate rocks are altered, folded and crosscut by dike-filled faults. These geological patterns at Dixie are reminiscent of those documented at Dark Star. | |
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