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

News Update


Exploration Firm Reports Maiden Resource Estimate for Nevada Deposit
News Update

Share on Stocktwits


Additional resource potential exists at Gold Standard Ventures' project in the Battle Mountain Trend.

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the initial mineral resource estimate of the Virgin gold-silver deposit at its 2,161 hectare Lewis project in Nevada's Battle Mountain Trend.

The estimate consists of an Inferred mineral resource of 7.74 million tons. The gold grade is 0.83 grams per ton (0.83 g/t) for a total of 205,800 gold ounces, and the silver grade is 14.22 g/t, totaling 3,537,300 silver ounces (at a lower cutoff, of 0.2 g/t silver).

The maiden resource is based on 193 reverse circulation holes, 33 diamond core holes and 4 unknown holes and was prepared by APEX Geoscience in Edmonton, Canada.

"Additional shallow gold and silver resource potential exists to the east and west in related subparallel or separate structural zones, with extensions to the Virgin deposit open to the north and at depth," the release noted.

The resource estimate report indicates two known high value exploration targets at Lewis. One is the Southwest skarn target where Barrick Gold's drill hole FWL-30 intersected 17m of 5.7 g/t gold, and that intercept remains open in multiple directions. The other target is the Buena-Vista Meagher corridor just north of Nevada Gold Mines' Phoenix mine.

Gold Standard believes that mineralization at the south end of Lewis' Virgin deposit is a continuation of the mineralization at Phoenix-Fortitude, now being mined at the Phoenix mine.

Jonathan Awde, CEO and director of Gold Standard, stated: "In our view, the Lewis Project is important to the ongoing success of Nevada Gold Mine's Phoenix mine immediately to the south, for three reasons. . .the value of the layback provides room for Phoenix to mine to the limits of the currently permitted pit, the added value of the mineral resource estimate which is continuous with the Phoenix mineralization, including the mineral resource estimate helps offset stripping costs for the expansion of the Phoenix operations, and the Lewis Project has its own resource expansion potential to the north along the Virgin Fault, the main feeder for the Phoenix deposit."


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 Silver and Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe