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Gold Explorer's Latest Drill Results Suggest Resource Expansion

Source: Streetwise Reports

 

July 18, 2018 (Investorideas.com Newswire) This Vancouver-based company hits high-grade oxide gold at Carlin Trend project in Nevada.


Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported new "exceptional" drill results that "confirm that the Dark Star deposit may be emerging as a major Carlin gold occurrence where a larger-than-expected Ridgeline fault system has played a significant role in concentrating higher grade gold," according to the news release. Dark Star is located on Gold Standard's Pinion-Railroad project in Nevada.

The company announced the results of 19 reverse circulation holes. Three of them, DR18-43, -44 and -45, showed thick, high-grade, oxide gold intercepts that are open at depth.

Specifically, DR18-43 intersected 213.4 meters (213.4m) of 2.39 grams per ton (2.39 g/t) gold (Au), including two higher-grade zones of 41.2m of 5.79 g/t Au and 10.7m of 7.75 g/t Au. The extension of this mineralization at both ends exceeded predictions.

DR18-44 hit multiple zones of oxide mineralization, including 62.5m of 1.22 g/t Au, along with 137.2m of 2.72 g/t Au, including 15.2m of 7.84 g/t Au and 30.5m of 4.68 g/t Au. These results also surpassed expectations with higher grades and thicknesses.

DR18-45 intersected 132.6m of 1.09 g/t Au, including two higher-grade zones of 12.2m of 2.3 g/t Au and 12.2m of 3.56 g/t Au.

Additionally, the northernmost hole, DR18-37, hit two near-surface zones of oxide mineralization, including 30.5m of 0.34 g/t Au and 62.5m of 0.35 g/t Au. These intercepts are of higher grade and thickness than anticipated. Mineralization remains open to the north.

Twelve drill holes in the northern part of Dark Star ended in gold mineralization below that in the resource model and, thus, potentially indicate the resource could be expanded.

"To date, drilling has not yet established a bottom to higher-grade gold zones located proximal to the Ridgeline fault where the gold system remains open to the north, west and at depth," said Steven Koehler, manager of projects. "This openness represents exciting growth potential and these new opportunities will be a focus of drilling later this summer."

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.


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