In an April 15 research note, PI Financial Corp. Mining Research Analyst Chris Thompson, M.Sc (Eng), P.Geo advised that advanced stage gold exploration company Gold Standard Ventures Corp. (GSV:TSX), recently announced infill drilling results from its metallurgical core holes drilled at its Pinion Project during 2020. The company also reported on two key upcoming management changes as well.
The analyst mentioned that the latest data from drilling show significant incremental positive gains for the Pinion property which is helping the company's strategic plans for 2021 take shape.
PI Financial stated that it was highly encouraged after Gold Standard Ventures intercepted 61.1 m of 1.07 g/t in a location approximately 50 m outside of the current resource envelope. The intercept included two segments that returned 14.2 m of 1.77 g/t Au and 19.0 m of 1.43 g/t Au.
Gold Standard is expected to make southward expansion of the Pinion deposit a high priority for its 2021 exploration program. The analyst's report indicated that respectable grades were recorded in the SB Zone which remains open to the south for at least 600 m offering plenty of opportunity for further high grade resource expansion.
"We see resource expansion providing direct value to the company based on the near surface, low cost nature of the oxide mineralization that can be brought into the mine plan with relative ease," wrote the analyst.
The report noted that the added resource conversion will most likely have a positive impact on the upcoming feasibility study (FS). This is due to the fact that the 2020 metallurgical program incorporated a reduction in drill hole spacing, which according to the analyst, "will allow a significant portion of the Inferred Resource to be converted to M&I, adding significant value to an expanded operating scenario in the upcoming FS (expected by year-end)."
PI Financial stated that the significant grade improvement and global resource conversion potential for areas lying outside the boundaries of the existing PFS pit is around 21 Mt grading 0.57 g/t for a total of 401 Koz Au.
The analyst indicated that the upcoming changes in management at the firm should provide a fresh boost to the company. The report noted Gold Standard's General Manager Don Harris is retiring and will be replaced by incoming Geology Manager Richard Yancey. In addition, Chief Metallurgist Eric Hill has been selected to replace Manager of Projects Steven Koehler who is also retiring. PI Financial stated that the leadership changes may be instrumental in advancing the project forward through the feasibility stage and ultimately towards a construction decision.
PI Financial Corp. presently has a "Buy" rating on Gold Standard Ventures Corp. with a target price of CA$1.30/share. The company's shares trade under the symbol GSV on the Toronto Stock Exchange and closed for trading at CA$0.72/share on April 21, 2021.
[NLINSERT]Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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: None. 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 decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
