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Gold Standard Ventures Corp.
Summary
| Project: | Railroad-Pinion | |
|---|---|---|
| Deposit: | Pinion | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: Gold Standard Ventures Corp. announces an Exploration/Drilling Update report for its Pinion deposit at the Railroad-Pinion project. Drilling results incl. 56.4m @ 1.68g/t Au from 10.7m. VANCOUVER, British Columbia, Nov. 21, 2017 -- Gold Standa | |
| Resources: | (Resource, Ind.): 31.61Mt @ 0.62g/t Au at Pinion | |
| CP/QP: | [Overall Report]: Steven R. Koehler (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 21, 2017 -- Gold Standard Ventures Corp. (TSX:GSV) (NYSE AMERICAN:GSV) (“Gold Standard” or the “Company) today announced results from 11 of 19 completed reverse-circulation (RC) and core holes at the Pinion oxide gold deposit on its 100%-owned/controlled Railroad Project in Nevada’s Carlin Trend (please go to the following link - https://goldstandardv.com/lp/Pinion-nov2017-drill-maps/). These drill holes are a portion of Gold Standard’s 2017 US$15.5 million program which includes up to 48,800 m of RC and core drilling in 117 holes (see February 2, 2017 news release). The Pinion drilling was designed to (1) upgrade and potentially add to resources by reducing drill spacing in critical portions of the deposit and (2) expand drill coverage near the margins of the current pit design for possible resource additions. All 11 drill holes intersected oxidized and altered multi-lithic dissolution collapse breccia (mlbx), the principal Pinion host rock, and seven of the holes returned significant, higher-grade intercepts greater than one gram per tonne. Results include 56.4m of 1.68 g Au/t in PIN17-02, 42.7m of 1.23 g Au/t in PIN17-10, 15.2m of 1.66 g Au/t in PIN17-04 and 32.0m of 0.89 g Au/t in PIN17-05. In most instances, the new results either confirm or outperform the expectations in the current resource estimate block model. Jonathan Awde, CEO and Director of Gold Standard commented: “We are pleasantly surprised by our Pinion infill drilling success which appears to be adding resource ounces at better than expected grades. We think these new results could make a valuable contribution to the Preliminary Economic Assessment now in progress. Pinion is no longer the small deposit of uncertain grade and metallurgy that we acquired four years ago. Overall, we are excited by the impact this year’s drill program could have on our valuation. There are still more than 37 drill holes to be reported on and we are hopeful that we will be able to report another new discovery from this program. | |
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