Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) expanded near-surface oxide gold mineralization through drilling the Dark Star deposit at its Railroad-Pinion Project in Nevada's Carlin Trend, the company announced in a news release.
The release contains the results of nine reverse circulation drill holes, some of which demonstrate the expansion.
Stepout holes DR20-01 through DR20-06 targeted and intersected updip, near surface, thick intervals of oxide mineralization to the east of Gold Standard's drilling at Main Dark Star, the company announced. They expand mineralization for about 60 meters (60m) to the east. The Main Dark Star portion of the deposit remains open along 330 meters of strike.
"Our Feasibility Study, currently in progress will utilize these drilling results as part of the updated resources and reserves. The results indicate the ability to expand Main Dark Star to the east," CEO and Director Jonathan Awde said in the release. "This near surface oxide could have positive impacts to the feasibility study, including low strip upfront ounces during early production."
"DR20-09 intersected 231.7m @ 2.66 g Au/t, mineralization starts just below surface and is oxide to depth. The hole infilled a gap in drilling to tie surface sample results, 18.0m of 3.08 g Au/t (see October 9, 2019 news release), to vertically-continuous, +1 g Au/t oxide mineralization at North Dark Star," the company stated.
"The near surface oxide mineralization encountered in drill holes DR20-01 through DR20-06 are currently in or behind the Main Dark Star highwall design and remain open to the east. This material could be an important source during start up for immediate production ounces and/or leach pad over-liner material," Don Harris, Gold Standard's general manager, commented.
"The Main portion of the deposit remains open along 330 m of strike and will continue to be developed with additional drilling. The North Dark Star drill hole (DR20-09) was designed to fill a gap between 3m channel surface samples and the greater ore body currently carried as a resource and reserve. The results confirm the oxide and higher grade nature of North Dark Star, with individual gold values ranging from 0.15 to 12.8 g Au/t, and ties the 18m @ 3.08 g Au/t found in surface sampling to the greater deposit," Harris concluded.
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