Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release it expanded near-surface oxide gold mineralization at the LT discovery at its Railroad-Pinion project in Nevada's Carlin Trend.
The company achieved this during its recent and now completed LT drill program of 10 reverse circulation holes over 1,324 meters (1,324m). The purpose was to test structural and stratigraphic targets to the north and south of a significant intercept encountered last year in hole LT19-02.
"The LT target is opening up into a valuable deposit which has the potential to add oxide resources to our feasibility mine plans now in progress," CEO and Director Jonathan Awde said in the release. He added that Railroad-Pinion "continues to offer exceptional near-surface oxide exploration opportunities."
Gold Standard's 2020 drilling at LT returned oxide results including 30.5m of 0.78 grams per ton gold (0.78 g/t Au), including 7.6m of 1.58 g/t Au in hole LT20-08; 24.3m of 0.73 g/t Au, including 6.1m of 1.26 g/t Au in LT20-01; 15.2m of 0.96 g/t Au in LT20-02; and 30.5m of 0.39 g/t Au in LT20-03.
"These oxide intercepts begin at or close to the current topographic surface, they establish strike and downdip continuity to mineralization and [they] are open in multiple directions," the release noted.
The company noted that it plans to explore the LT target area further next year.
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