DGAP-News: GOLD STANDARD VENTURES COMMENCES DRILLING AT RAILROAD PROJECT
(firmenpresse) - DGAP-News: Gold Standard Ventures Corp. / Key word(s): Interim
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GOLD STANDARD VENTURES COMMENCES DRILLING AT RAILROAD PROJECT
02.06.2011 / 16:01
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GOLD STANDARD VENTURES COMMENCES DRILLING AT RAILROAD PROJECT
Vancouver, BC, June 2 2011 - Gold Standard Ventures Corp. ('Gold
Standard')(TSX-V:GV, OTCQX: GDVXF) announced today that core drilling has
commenced at Gold Standard's flagship Railroad project on the Carlin Trend
in Nevada.
The first hole to be drilled will be the completion of RR10-16 in the North
Bullion Fault Zone which was partially drilled in late 2010 to a depth of
900 feet using a reverse circulation (RC) rig. This hole bottomed in the
strongest gold mineralization encountered in the 2010 reconnaissance
program. As surface ground conditions continue to improve, a larger RC
drill will be added to the Railroad program, to expedite results. The RC
rig will be used to drill more quickly and inexpensively to the target
depth where the hole will be re-entered and completed using the core rig
which provides more geological information and more accurate assay data.
Newly obtained data from 1500 soil samples taken in 2010 have been compiled
with results from 7000 earlier soil samples. This work has confirmed and
increased the size of several of the prospects targeted in the 2011 drill
program. Additional detailed gravity work has also been completed on the
four new Railroad project sections acquired by lease from Newmont in early
May of this year and new target opportunities have emerged.
Commenting on the program, VP of Exploration Dave Mathewson stated that,
'now that access conditions allow, we are very excited to re-commence our
drilling program at Railroad which was terminated late last year due to
weather. Our top priority is to follow-up drilling on the thick intercepts
of gold mineralization encountered late last year within the North Bullion
Fault Zone. We will also be conducting the first focused drill testing of
the Railroad Fault Zone, a target analogous to the prolific Rain Fault Zone
in Newmont's Rain district just to the north. In addition, we will soon be
drill testing several new targets in the historic Bullion Mining district
of our Railroad project,' Mathewson said.
While waiting for ground conditions at Railroad to improve, Gold Standard
is using one of the core rigs intended for Railroad to provide an
early-stage drill test of targets at its nearby, wholly-owned Safford
project in Eureka County, Nevada. Safford has untested characteristics
which suggest bulk-mineable silver potential. Several hundred tons of ore
reported to grade about 50 ounces of silver per ton were mined in the
1880's from the Onondago mine on the property. Surface sampling has
identified widespread breccia-hosted silver mineralization ranging from 1
to 10 ounces of silver per ton. The initial drill hole was designed to
test the downward extension of mineralization below the 1880's mining that
reached a maximum of 150 feet below surface. Assays are awaited. Gold
Standard Ventures' Safford and nearby North Crescent Valley projects are
located within the volcanic rock hosted gold-silver bonanza vein belt
immediately west of the Carlin Gold Trend.
The Company's Vice President of Exploration, David C. Mathewson, M.Sc., a
non-independent Qualified Person (as defined by NI 43-101 for the purpose
of Disclosure for Mineral Properties) has verified the 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
20,000 acres of prospective ground within North Central Nevada of which
9,064 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
GOLD STANDARD VENTURES
JONATHAN AWDE
PRESIDENT
604-669-5702
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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127328 02.06.2011
Datum: 02.06.2011 - 16:01 Uhr
Sprache: Deutsch
News-ID 34304
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