May 29 2015
Gold Standard Ventures Corp. is pleased to report that reverse circulation (RC) drilling has begun on the Pinion gold deposit at its 100%-owned Railroad-Pinion Project in Nevada's Carlin Trend. The company is drilling with two rigs focused on several new exploration targets at northwest and southeast Pinion.
John Awde, President and CEO stated "This is a very exciting time for Gold Standard and its shareholders as the company begins our 2015 drilling programs. GSV is financed, has aligned itself with a strategic investor and is in the process of defining a new major gold district in the Carlin Trend."
The Company plans to drill 6000m in three targets--northwest Pinion, southeast Pinion and Dark Star.
The objective of the drilling in northwest and southeast Pinion is to expand the shallow oxide resource. Approximately 3500 meters will be drilled in an initial phase which will test favorable new surface exploration targets identified through soil samples and gravity data achieved in 2014.
At southeast Pinion, the Company also plans to drill a deeper RC hole within the footwall of the Bullion Fault Corridor to test for a repeated multi-lithic collapse breccia hosted gold zone beneath the Pinion resource. This is a new target that emerged from deeper drilling and cross section interpretation in 2014. The geologic setting and alteration in the target area are analogous to that of the high-grade lower zone mineralization at the North Bullion deposit 10 km to the north.
The Company also plans to drill over 2000 meters at its Dark Star target with a goal to extend areas of shallow oxide gold mineralization along strike and at depth, and to test new targets identified through the new 3D geological model and CSAMT data (http://goldstandardv.com/dark-star-phase-1). Gold mineralization is related to a north to north-northeast-striking zone of alteration focused along west-dipping contacts with and within a coarse Pennsylvanian conglomerate and bioclastic limestone bearing unit.
Surface exploration programs including soils and gravity are underway which will identify additional oxide gold targets within the north-striking Dark Star structural and dike trend which is approximately 4km long.
The company is also commencing a metallurgical program which will be designed by Dr. Sevket Acar, a 30 year veteran of Newmont Mining Corporation who was responsible for metallurgical testing and process design for numerous operating mines including a number of Carlin Trend gold deposits.
Mac Jackson, Gold Standard's Vice President of Exploration stated, "Our Phase 1 2015 program is in progress. It is a multi-faceted approach designed to 1) drill new untested targets, 2) continue to expand the Pinion and Dark Star deposits along strike, and 3) begin pre-development engineering, metallurgy and environmental studies at Pinion/Dark Star. Pressing ahead on multiple fronts simultaneously will enable us to expedite an economic evaluation of the Pinion/Dark Star open pit, oxide opportunity. Dr. Sevket Acar is a very important addition to our team, ensuring high quality metallurgical testing and process design. Optimizing metal recoveries is likely to make a significant contribution to the value of Pinion and Dark Star."
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance:
All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the field to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every forty samples. The samples are delivered to ALS Minerals preparation facility in Elko, NV where the samples are crushed, screened and pulverized. Sample pulps are shipped to ALS Minerals certified laboratory in Vancouver, BC. Pulps are digested and analyzed for gold using fire assay fusion and an ICP-AES finish on a 30 gram split. All other elements are determined by a 2 acid ICP analysis at ALS Minerals in Vancouver. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.