DGAP-News: GOLD STANDARD ANNOUNCES EXPANSION OF RAILROAD DRILL PROGRAM
(firmenpresse) - DGAP-News: Gold Standard Ventures Corp. / Key word(s): Interim
Report/Miscellaneous
GOLD STANDARD ANNOUNCES EXPANSION OF RAILROAD DRILL PROGRAM
27.07.2011 / 15:24
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GOLD STANDARD ANNOUNCES EXPANSION OF RAILROAD DRILL PROGRAM
Vancouver, B.C.,
- Gold Standard Ventures Corp. ('Gold Standard') (TSXV: GV; OTCQX: GDVXF)
www.goldstandardv.com announced today that it has expanded its exploration
program on its 100% controlled, 22 square mile, Railroad Project located on
the Carlin Gold Trend in north-central Nevada.
Two core rigs and 1 RC rig are
now testing two of the three main target zones on the property. The RC rig
and a core drill are testing the North Bullion target zone where
significant
mineralization was discovered by Gold Standard late in 2010. The other core
drill is testing the historic Bullion district near the center of the
project
area. In August, a third core drill will begin drilling the as yet untested
Railroad fault zone, an apparent analog to the Rain fault to the north and
the third main target on the Railroad project. A significant gold system
was
first encountered within the North Bullion target zone beginning in 2010;
this included RR10-8 which intersected 105 feet of 0.04 ozAu/st (32 meters
of 1.39gpt gold), and 145 feet of 0.035 ozAu/st (43.6 meters of 1.21 gpt
gold) within thick, altered collapse breccias-the classic signature of a
large Carlin Trend deposit.. At this time, drill holes are being spaced
800
to 1000 feet (250 to 350 meters) apart. The four holes completed to date
in
this zone indicate that the minimum lateral dimensions of the prospective
mineralized area are 2000 feet north-south and 1000 feet east-west, but the
mineralized breccias remain open in all directions. 'Visually, and
supported by assay results from our core holes, we continue to see strong
indications of a significant gold system and exceptionally large and very
complex, multi-stage collapse breccias within the 800 foot thick Devils
Gate
limestone and up into the overlying clastic rock units. This setting is
nearly identical to the rock-structure setting along the Post Fault at the
north end of the Carlin Trend which includes the Deep Star, Goldstrike,
Rodeo
and Meikle deposits. It is essentially impossible to distinguish the
Bootstrap limestone host in the north Carlin area from the Devils Gate
limestone host in the Railroad district. I believe that to achieve major
success, we simply need to find the feeder zones for all this rock damage,
alteration, and gold,' Gold Standard Vice President of Exploration Dave
Mathewson said.The initial goal in 2011 is to drill several wide-spaced
holes
to further determine the lateral extent of the North Bullion target zone
mineralization. Results from these holes will serve to better vector into
the
higher grade feeder zones that are common to almost all Carlin Trend
deposits. Two or possibly three potential feeder-related structural
patterns
appear to be present. Of particular interest is the west-northwest
structural trend, indicated by gravity data, that controls numerous gold
deposits elsewhere on the Carlin Trend, and in particular just to the north
in the Rain mining district. In order to optimize drill expenditures and
assure the best assay representations especially within mineralized zones,
GSV is drilling so-called 'pre-collars' with reverse circulation (RC)
through
some of the more difficult broken siliceous zones. These holes will then
be
cased and continued into the main portions of the prospective target zones
with core drilling. Gold Standard plans to complete a total of 25 to 30
holes, mostly core, in 2011 to provide tests of the three main targets for
a total of 40,000 feet (12,000 meters). An additional small amount of
scout
drilling will be conducted on other targets that are at this time in the
early stages of development. GSV's 2011 drilling program as currently laid
out is operating on private (fee) lands and under a five acre disturbance
limit Notice of Intent (NOI) on the public lands at Railroad. The NOI and
privately controlled lands allow for numerous holes to yet be drilled.
Simultaneously, Gold Standard is progressing with completion of an
exploration Plan of Operations (POO) backed by an Environmental Assessment
(EA) in order to more flexibly and fully access target opportunities and
extend disturbance to as much as 200 acres if warranted. To date, all
baseline survey studies have been completed and it is anticipated that a
draft EA will be submitted to the Bureau of Land Management (BLM) by August
1. The Company is also pleased to announce that it has hired geologist
Mac
Jackson, Jr., M.Sc,, Mr. Jackson has had over 14 years experience as an
exploration geologist,including 8 years with Newmont Mining Corporation.
During his tenure with Newmont, Mr. Jackson contributed to the discovery of
the West Leeville, 3 million ounces gold and Turf deposits, 1 million
ounces
gold, on the Carlin trend and the Fiber Line deposit, 700,000 ounces gold
at
Twin Creeks. Mr. Jackson knowledge of the Carlin Trend will benefit the
Company as it explores its Railroad Property.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
DirectorFOR FURTHER INFORMATION PLEASE CONTACT:Jonathan AwdePresidentTel:
604-669-5702Email: info(at)goldstandardv.comWebsite: www.goldstandardv.comThis
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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133452 27.07.2011
Datum: 27.07.2011 - 15:24 Uhr
Sprache: Deutsch
News-ID 34793
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