Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Explorer Reports Thick Oxide Gold Intervals in Nevada Deposit
News Update

Share on Stocktwits


Stepout drilling intersected mineralization that remains open in the northern and southeastern parts of the company's property.

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release additional oxide gold results from 30 reverse circulation infill and stepout holes drilled in the Dark Star deposit of its Railroad-Pinion project in Nevada.

The purpose of these holes was to test new targets below the current Dark Star resource and test for extension of mineralization lateral to the existing resource.

The efforts yielded positive results. In the northern portion of Dark Star, two stepout holes confirmed the existence of extensions to the thick oxide mineralization zones identified last year. Mineralization remains open to the north and northwest.

Some of the highlight holes were DR19-15, which intersected 22.9 meters (22.9m) of 1.92 grams per ton (1.92 g/t) gold (Au), including 13.7m of 3.04 g/t Au, and DR19-26, which hit 51.8m of 1.07 g/t Au, including 16.8m of 2.58 g/t Au. These holes extended oxide mineralization approximately 50m north of previously reported hole DR18-110, which had also intersected mineralization.

In the southeastern portion of Dark Star, nine infill and stepout holes encountered thick oxide mineralization intervals that start at surface. Mineralization there also remains open but to the east and south. "Drill intercepts either confirm or exceed the current resource block model for grade and thickness," the release noted.

Three significant assays were 88.4m of 0.61 g/t Au (hole DR19-57); 54.9m of 0.85 g/t Au, including 13.7m of 2.06 g/t Au (hole DR19-58); and 39.6m of 1.25 g/t Au, including 15.2m of 2.02 g/t Au (hole DR19-65).

In the central portion of Dark Star, four infill holes showed that oxide mineralization along the northwest-striking Saddle fault is more continuous than modeled. As such, this area warrants further infill and stepout drilling.

With these 30 holes now having been reported, results are pending for the final three of the total 70 reverse circulation holes done as part of Dark Star's 2019 phase 1 drill program.


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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe