Gold Standard Reports New Gold Assays from Previously Unassayed Historical Pinion Drill Core
15 Mai 2014 - 9:05AM
Marketwired
Gold Standard Reports New Gold Assays from Previously Unassayed
Historical Pinion Drill Core
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2014) - Gold
Standard Ventures Corp. (TSX-VENTURE:GSV) (NYSEMKT:GSV) (NYSE
Amex:GSV) ("Gold Standard" or the "Company") announced today that
gold assays of historic Pinion drill holes not previously assayed
for gold have yielded positive results including a new interval of
35.4 meters of 1.063 g Au/t (from 13.7 to 49.1 meters) in PN-07-02,
and an 8.8 meter extension of an existing gold intercept to 54.3
meters of 0.686 g Au/t (from 43.3 to 97.6 meters) in SB-145. Gold
Standard's 100%-owned Pinion Gold Project sits adjacent and
immediately to the south of its Railroad Project in Nevada's Carlin
Trend.
These shallow core holes were drilled by previous operators in
1996 and 2007 in a roughly north-south alignment for geotechnical
and geologic purposes. During Gold Standard's re-logging and data
review of the core from 12 core holes obtained in the Pinion
acquisition, its geologists identified that 72% of the core had not
been assayed for gold. The subsequent new assay data supports two
important observations about the Pinion deposit:
- These results continue to reinforce the significance of
collapse breccia as a major gold host-a factor which was not
apparently known to previous operators
- PN-07-02 bottomed in oxidized and silicified collapse breccia
that assayed 1.425 g Au/t, indicating that previous drilling was
too shallow to adequately test the potential of the lower breccia
zone. Furthermore, three other holes were not drilled deep enough
to intersect the lower breccia
All new assay results are summarized below:
Drill Hole |
TD (m) |
Intervals Not Previously Assayed (m) |
Intercept (m) |
Thickness (m) |
Grade (g Au/t) |
Comments |
SB-140 |
54.6 |
3.1 - 21.0 & 32.6 - 54.6 |
barren |
Geotechnical hole drilled south of the Main Zone
mineralization |
SB-141 |
31.1 |
13.7 - 31.1 |
barren |
Geotech hole south of the Main Zone mineralization |
SB-142 |
26.8 |
14.9 - 26.8 |
barren |
Geotech hole south of the Main Zone mineralization |
SB-143 |
83.8 |
0 - 47.6 |
barren |
Drilled between the North and Main Zones |
SB-144 |
74.7 |
2.7 - 37.5 |
barren |
Drilled between the North and Main Zones |
SB-145 |
99.1 |
7.0 - 52.1 |
43.3 - 52.1 |
8.8 |
0.377 |
Extended an existing gold interval. The entire interval is 54.3m of
0.686 g Au/t from 43.3 to 97.6m. |
SB-146 |
42.7 |
none |
- |
- |
- |
Existing intercept: 40.5m of 2.126 g Au/t from 1.2-41.7m |
PN-07-01 |
94.7 |
0 - 94.7 |
19.8 - 21.3 |
1.5 |
0.239 |
Drilled between the Main and North Zones |
PN-07-02 |
49.1 |
0 - 49.1 |
13.7 - 49.1 |
35.4 |
1.063 |
Drilled in the North Zone; hole ended in 1.425 g Au/t |
PN-07-03 |
82.7 |
0 - 82.7 |
3.0 - 4.5 |
1.5 |
0.302 |
Not deep enough, North Zone target not tested |
PN-07-04 |
91.8 |
0 - 91.8 |
9.1 - 13.7 |
4.6 |
0.381 |
Lower breccia not tested by this drill hole |
PN-07-05 |
91.8 |
0 - 91.8 |
35.0 - 38.1 |
3.1 |
1.303 |
Drill hole not deep enough, Main Zone not tested |
|
|
|
44.2 - 45.7 |
1.5 |
0.351 |
*Note: The gold intervals reported in the above table are based
on a 0.200 g Au/t cutoff. Weighted averaging has been used to
calculate all reported intervals. True widths are estimated at 85%
of drilled thicknesses.
Gold Standard President and CEO Jonathan Awde noted that the new
assays provide important confirmation of the upside potential of
the Pinion deposit. "We are certainly pleased to see additional
gold mineralization in these holes but we are even more excited to
get further confirmation that the historical work apparently did
not recognize the nature of the deposit and how it needed to be
explored. Clearly, the breccia zone was not the focus of previous
exploration efforts as we believe it should have been, and many of
the holes were too shallow to intersect this target."
The initiation of re-logging, cross section work and geologic
mapping at Pinion has identified a classic, Carlin Trend setting
with gold hosted in an oxidized, flat to gently dipping,
dissolution collapse breccia. The best existing drill intercepts
(e.g., TCT-018: 24m of 4.30 g Au/t from 1.5 - 25.5m; and CPR-110:
67m of 1.06 g Au/t from 12 - 79m) are located in structural highs
along west-northwest, north and northwest-striking fault zones.
Previously unrecognized, intrusive rocks occur within the deposit
and indicate the presence of important deep-seated, through-going
conduits. Lateral extent and continuity of gold mineralization is
excellent due to the channeling of the gold system within highly
permeable collapse breccia sandwiched between relatively
impermeable, silty micrite of the overlying Mississippian Tripon
Pass Formation and thick bedded, calcarenite of the underlying
Devonian Devil's Gate Formation. Geologic work, including cross
sections constructed from the re-logging, has progressed through a
third of the deposit area, and the model continues to support a
very promising, classic Carlin-style picture for the Pinion
deposit.
Sampling Methodology, Chain of Custody, Quality Control and
Quality Assurance:
All core sampling was conducted under the supervision of the
Company's project geologists and the chain of custody was
continuously monitored to the sample preparation facility. Core
from the SB-series holes was cut at the company's facility in Elko,
NV and one half was sent to the lab for analysis and the other half
retained in the original core box. A blank or certified reference
material was inserted approximately every tenth sample. The core
samples and pulp samples from the PN-07 series holes were delivered
to ALS Minerals preparation facility in Elko, NV. The core samples
were crushed and pulverized and all sample pulps were shipped to
ALS Minerals certified laboratory in Vancouver. Pulps are digested
and analyzed for gold using fire assay fusion and an atomic
absorption spectroscopy (AAS) finish on a 30 gram split. Data
verification of the analytical results includes a statistical
analysis of the duplicates, standards and blanks that must pass
certain parameters for acceptance to insure accurate and verifiable
results.
The scientific and technical content and interpretations
contained in this news release have been reviewed, verified and
approved by Steven R. Koehler, Gold Standard's Manager of Projects,
BSc. Geology and CPG-10216, a Qualified Person as defined by NI
43-101, Standards of Disclosure for Mineral Projects.
ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced
stage gold exploration focused on district scale discoveries in
Nevada. The Company's flagship project, the Railroad-Pinion Gold
Project, is located within the prolific Carlin Trend. The recent
Pinion gold deposit acquisition offers GSV a potential near-term
development option and further consolidates the Company's premier
land package in the Carlin Trend. Gold Standard is moving towards
building NI 43-101 compliant gold resources at both the near
surface, oxide-gold Pinion deposit and the classic Carlin style,
North Bullion gold deposit in 2014.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) nor
the NYSEMKT accepts responsibility for the adequacy or accuracy of
this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions. Such
forward-looking statements reflect management's current beliefs and
are based on assumptions made by and information currently
available to the Company. All statements, other than statements of
historical fact, included herein including, without limitation,
statements about our proposed financing are forward looking
statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other
future events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Risk factors affecting the Company
include, among others: the results from our exploration programs,
global financial conditions and volatility of capital markets,
uncertainty regarding the availability of additional capital,
fluctuations in commodity prices; title matters; and the additional
risks identified in our filings with Canadian securities regulators
on SEDAR in Canada (available at www.sedar.com) and with the SEC on
EDGAR (available at www.sec.gov/edgar.shtml). These forward-looking
statements are made as of the date hereof and, except as required
under applicable securities legislation, the Company does not
assume any obligation to update or revise them to reflect new
events or circumstances.
On behalf of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
Gold Standard Ventures Corp.Jonathan
AwdePresident604-669-5702info@goldstandardv.comwww.goldstandardv.com
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