Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release that the final drill results from its 2019 phase 1 program further delineate the presence of gold in the northern portion of its Dark Star deposit.
The campaign for this deposit at the company's Railroad-Pinion project in Nevada encompassed 10,729 meters (10,729m) via 71 reverse circulation holes and 231 meters through a single core hole.
With the program, Gold Standard tested for new targets at depth below the current resource and tested for lateral resource expansion next to Dark Star. The infill effort that decreased spacing to 30 meters allowed existing resources to be upgraded to the Measured and Indicated category.
Two reverse circulation holes verified the existence of thick oxide mineralization extensions previously seen in a different drill program. One of them, hole DR19-73, hit 138.7m grading 1.12 grams per ton gold (1.12 g/t Au), including 38.1m of 2.61 g/t Au. The other hole, DR19-74, intersected 65.5m of 1.33 g/t Au, including 30.5m of 1.8 g/t Au.
As for the one core hole, DC19-01, it also confirmed oxide mineralization, with 117.3m of 1.54 g/t Au, including 44.3m of 2.55 g/t Au.
In the release, CEO and Director Jonathan Awde described the Phase 1 Dark Star program as "an unqualified success."
He added, "We confirmed the deposit's consistently high-grade oxide character and achieved the drill density ultimately required for reserves in the preliminary feasibility study now in progress. We also learned that oxidation extends deeper than expected, especially to the north, where grades improve at depth and where we believe we have further room to grow."
Looking forward, Gold Standard plans to shift to exploration drilling from infill and stepout, starting to test several "high-value" targets at Railroad-Pinion in late May.
Read what other experts are saying about:
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 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.
