GOLD STANDARD ANNOUNCES DRILL RESULTS FROM ONGOING EXPLORATION ON ITS CARLIN TREND RAILROAD PROPERTY IN NEVADA
(firmenpresse) - Gold Standard Ventures Corp. / Key word(s): Enterprise/
GOLD STANDARD ANNOUNCES DRILL RESULTS FROM ONGOING EXPLORATION ON ITS
CARLIN TREND RAILROAD PROPERTY IN NEVADA
DGAP-Media / 15.11.2011 / 20:39
---------------------------------------------------------------------
GOLD STANDARD ANNOUNCES DRILL RESULTS FROM ONGOING EXPLORATION ON ITS
CARLIN TREND RAILROAD PROPERTY IN NEVADA
Vancouver, B.C., - November 15, 2011 - Gold Standard Ventures Corp. ('Gold
Standard') (TSXV: GV; OTCQX: GDVXF) www.goldstandardv.com reported today on
the first phase of its 2011 exploration drill program at its
100%-controlled flagship Railroad Project in Nevada's Carlin Trend. The key
objective for the program is to locate and intersect high-grade feeder
structures for the unusually extensive and thick sections of low-grade gold
mineralization discovered on the property.
This year to date, Gold Standard has completed 12 holes while drilling
16,455.5 feet (5015.6m) of core and 9432.5 feet (2875m) of reverse
circulation. Another 4 holes are in progress. Complete assays have been
received for 8 holes. Assays are awaited for another 4 completed holes.
Drilling continues with three core rigs and one reverse circulation drill.
A second reverse circulation drill will be added to the program shortly.
Drill productivity has improved from earlier in the season but assaying has
been much slower than expected due to abnormally high volumes at Nevada's
reputable independent labs.
Drill intercepts to date indicate: (1) unusually thick sections of exactly
the same geology and style of mineralization which mark the best gold
deposits in the northern part of the Carlin Trend; (2) very long runs of
pervasive gold values which have been increasing in grade as the program
advances; and (3) some localized assays as high as 4 g/t which suggest
proximity to feeder structures.
Overall, results to date indicate that drilling is successfully narrowing
the search for high-grade feeder zones within the project's very large
areas of prospective geology and mineralization. Core samples now in for
assay are expected to provide valuable additional information to assist in
this search. Phase two of this year's program, now underway, is focused on
intersecting the projected location of higher grade features alongside
faults which would have acted as the sources for the pervasive
mineralization. Angled holes are being used in this next phase of the
drilling.
The 25 square mile Railroad Project contains three currently identified
major targets, all three of which are being tested in this year's drilling:
the North Bullion target; the Railroad Fault target and the Historic
Bullion target area.
One reverse circulation drill and two core drills are continuing to drill
on the North Bullion target zone. Positive drill results obtained in 2010
provided the impetus for Gold Standard's decision to focus its 2011
drilling in this area. Drilling has been difficult and slow. The upper
portions of the prospective rock units lie at depths of 500 to 800 feet
from surface where high pressure artesian water-flow makes these holes
difficult to advance and maintain. Nonetheless, core recovery has been
excellent within the mineralized sections.
Six holes have been completed and fully assayed so far this year for the
North Bullion target. Vertical hole RR11-03 (pre-collared using an RC rig
and completed with core) intersected 730 ft of 0.018opt gold (222.5 meters
of 0.619g/t), including 95 feet of 0.061 opt gold (29.0 meters of 2.08
g/t)with local assays of plus 4.0 g/t. This is an exceptionally thick
interval of flat-tabular-style mineralization within locally silicified,
baritic sandstones, mudstones, and dolomitized limestone collapse
breccias...exactly the environment in which large Carlin deposits such as
Gold Quarry, Gold Strike and Meikle are found. This intercept likely
represents the peripheral halo to higher-grade gold mineralization.
'We believe we have identified the approximate location of the north-south
trending North Bullion Fault zone on the eastern flank of the thick,
low-grade peripheral gold mineralization we have intersected in several
holes. Based on what we have seen so far, this potential high-grade target
zone has all the right features.very complex, highly altered, gold-bearing,
collapse and tectonically created breccias with an associated large fault.
We have reconfigured our program to provide an assessment of this zone with
angled core drilling. We also continue to pursue the broader North Bullion
target zone northward and westward seeking additional feeder structures.
We have much yet to accomplish this season and will likely continue
drilling into early next year,' states Vice President of Exploration, Dave
Mathewson.
One core drill is engaged drilling the Railroad Fault target. The Railroad
Fault target is an analog to Newmont's productive Rain Fault zone
immediately to the north. The Railroad Fault target lies along the flank
and just to the north of Gold Standard's POD gold deposit. The first hole
into this target, RR11-06, directed -60 northward, has been completed with
assays. A low-grade, oxide zone of 0.008opt gold was encountered from 570
to 720 feet. The host material consists of very gossanous clay-gumbo with
myriad fragments of jasperoid and barite. This zone is underlain by highly
brecciated Devils Gate limestone similar to Rain. In addition, intervals of
moderately to strongly anomalous silver (0.2 to 4 opt), copper (0.03 to
0.1%), lead (0.02 to 0.1%), zinc (0.1 to 0.5%), nickel (0.1 to 0.2%), and
cobalt (100-700 ppm) have been encountered in this hole. Follow-up hole
RR11-11 drilled at -45 from the same site has just been completed but
not assayed.
Three holes have been completed within the Historic Bullion target area.
Complete assay results are available for two of the holes and are reported
in the accompanying table. Hole RRB11-02 contained multiple intercepts of
base metals and silver. This general target area is in the very earliest
stage of drill assessment.
Results to date for holes drilled and assaying completed include the
following:
PLEASE CLICK THE FOLLOWING LINK TO SEE THE TABLE WITH DRILL ASSAYS:
http://goldstandardv.com/gold-standard-announces-drill-results-from-ongoin
g-exploration-on-its-carlin-trend-railroad-property-in-nevada/
These drill hole assays are weighted averages. Gold assays were completed
by ALS Minerals, ALS Canada Ltd using 30 gram charge, fire assay, with ICP
final. Q&A includes inclusion of blanks, duplicates, and check standards
into submitted sample batches and comparison with known results, with
sample preparation in Elko, and assayed in Reno and/or Vancouver.
All reported thicknesses are true mineral thicknesses at the particular
location of these intercepts.
CONFERENCE CALL:
A conference call to discuss the drilling update will be held at 11 a.m.
(EST) on November 16, 2011. Investors are invited to participate by
connecting to the call using one of the following dial-in numbers and
asking to be placed in the Gold Standard Conference call:
Date: November 16, 2011
Time: 11:00 am, Eastern Time
Dial in Number: 1-647-426-1845 or toll free 1-866-782-8903
The call will be hosted by Jonathan Awde, president and chief executive
officer, and Dave Mathewson, vice-president of exploration. Callers should
refer to the newly posted PowerPoint presentation on the Gold Standard
website.
If you cannot participate on Nov. 16, 2011, a replay of the conference call
will be available by dialing one of the following replay numbers. You will
be able to dial in and listen to the conference two hours after the meeting
end time, and the replay will be available until Nov. 30, 2011. Please
enter the replay Passcode No. 240227 followed by the pound key.
Replay dial-in:
Toll-free: 1-866-245-6755
International or local Toronto 1-416-915-1035
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 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.
All of the forward-looking statements made in this press release are
qualified by these cautionary statements and by those made in our filings
with SEDAR in Canada (available at www.sedar.com) and with U.S. Securities
and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml),
and in other reports on our website at www.goldstandardv.com at Investors
Information.
End of Media Release
---------------------------------------------------------------------
15.11.2011 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
146517 15.11.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.11.2011 - 20:39 Uhr
Sprache: Deutsch
News-ID 88288
Anzahl Zeichen: 16462
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 292 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"GOLD STANDARD ANNOUNCES DRILL RESULTS FROM ONGOING EXPLORATION ON ITS CARLIN TREND RAILROAD PROPERTY IN NEVADA"
steht unter der journalistisch-redaktionellen Verantwortung von
Gold Standard Ventures Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
