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Gold Standard Ventures Corp.
Summary
| Project: | Railroad-Pinion | |
|---|---|---|
| Deposit: | North Bullion | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2017: Gold Standard Ventures Corp. announces an Exploration/Drilling Update report for its North Bullion deposit at the Railroad-Pinion project. Drilling results incl. 19.8m @ 4.40g/t Au from 447.1m. Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT: | |
| Resources: | (Resource): 31.61Mt @ 0.62g/t Au (Ind.) and 61.08Mt @ 0.55g/t Au (Inf) at Pinion Deposit | |
| CP/QP: | [Overall Report]: Steven R. Koehler (Internal) | |
| ABSTRACT: | Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) (“Gold Standard” or the “Company”) announced today that 2016 drilling has extended the North Bullion gold system 180 meters to the north of previous drill holes on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend. Four more core holes were completed in the 2016 program at North Bullion. Drill hole RR16-05 returned 19.8m of 4.40 grams gold per tonne (g Au/t) which includes a higher grade interval of 5.3m of 7.02 g Au/t. This result follows RR16-01 (announced on August 30, 2016) which intersected 65.6m of 3.17 grams gold per tonne (g Au/t) including a higher grade interval of 8.5m of 11.16 g Au/t located westnorthwest of previous drilling. The primary objective of the 2016 North Bullion drill program was to test for extensions of the Lower Breccia Zone to the west-northwest and north. With RR16-01 and RR16-05, both orientations have proved to be successful. West-northwest and north-striking structural zones are an important control for gold mineralization throughout the Carlin Trend. The Saddle (780,000 oz @ 19.6 g Au/t) and Tess (1.5 Moz @ 12.7 g Au/t) deposits occur along the west-northwest-striking Rain fault, located just 7 km to the north of the North Bullion deposit (Longo, et al., NBMG Bulletin 111, 2002). North Bullion exhibits all the classic characteristics of large, high-grade collapse breccia hosted gold deposits on the Carlin Trend. Unlike GSV’s Dark Star and Pinion deposits which are highly oxidized, gold-bearing rock at North Bullion is refractory in nature but the additional cost of processing this material is commonly offset elsewhere on the Carlin Trend by increased grade. | |
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