DGAP-News: Gold Standard Reports additional detailed gravity data on Railroad Property
(firmenpresse) - DGAP-News: Gold Standard Ventures Corp. / Key word(s): Miscellaneous
Gold Standard Reports additional detailed gravity data on Railroad
Property
16.02.2011 / 15:15
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Gold Standard Reports additional detailed gravity data on Railroad Property
Vancouver, B.C., - Gold Standard Ventures Corp. ('Gold Standard') (TSXV:
GV; OTCQX: GDVXF) www.goldstandardv.com is pleased to report the
completion in 2010 of additional detailed gravity data acquisition,
consisting of 1268 stations over the western and southern portions of the
Railroad project. An updated report provided by J L Wright Geophysics is
available on our website. Gravity is a geophysical tool which has been
utilized effectively for gold deposit targeting on the Carlin Trend,
especially in the Rain district which is adjacent to, and immediately north
of Railroad. Gravity data provide two important sets of information; 1) the
ability to model the target depth to favorable contacts and, or carbonate
host units from the surface, and 2) identify major, potential feeder
structures (faults) from gravity data fluctuations which reflect the
juxtaposition of favorable contacts or host carbonate rocks against less
dense, down-faulted clastic rock (barrier) units.
The earlier, 2009 gravity program, consisting of 1168 gravity stations,
provided key information for the 2010 drill program design. This program
discovered a new zone of gold, which remains open in almost all directions,
within the Bullion Fault Zone Target as indicated by drill hole R10-8 which
intersected 32 meters of 1.39 g/t gold from 226.7 to 298.7 meters, and a
lower mineralized zone of 43.6 meters of 1.21 g/t gold from 341.4 to 384.0
meters.
'Gravity is a powerful exploration tool we are applying to the Railroad
district package of rocks, and we have demonstrated the value of the tool
with the discovery of a new zone of gold indicated by holes RR10-8,
RR10-11, and yet to be completed RR10-16. Based on the gravity data alone,
it seems very apparent that the Railroad district constitutes a large,
target-rich geological environment,' quotes Vice-President of Exploration,
Dave Mathewson.
The Company's Vice President of Exploration, David C. Mathewson, M.Sc., a
non-independent Qualified Person, as defined by NI 43-101, Standards of
Disclosure for Mineral Properties, has verified the technical information
and evaluated interpretations contained in this news release.
ABOUT GOLD STANDARD VENTURES - Gold Standard Ventures is focused on the
acquisition and exploration of gold projects in North Central Nevada. Gold
Standard currently holds a portfolio of projects totaling approximately
26,000 acres of prospective ground within North Central Nevada of which
15,349 acres comprise the flagship Railroad Gold Project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Gold Standard,
'Jonathan Awde'
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde
President
Tel: 604-669-5702
Email: info(at)goldstandardv.com
Website: www.goldstandardv.com
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. Investors are cautioned
that these forward looking statements are neither promises nor guarantees,
and are subject to risks and uncertainties that may cause future results to
differ materially from those expected. 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.
End of Corporate News
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112446 16.02.2011
Datum: 16.02.2011 - 15:15 Uhr
Sprache: Deutsch
News-ID 33223
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