Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) has released results from 25 reverse circulation (RC) and two core holes at the Dark Star deposit on its 100%-owned and controlled Railroad-Pinion project in Nevada's Carlin Trend, the company reported in a news release.
"Two holes in the northern portion of Dark Star intersected impressive grades and thicknesses: 229.8m of 2.08 g Au/t and 56.4m of 2.94 g Au/t," stated the company. "These results confirm oxide gold resource expansion potential in the footwall of the Ridgeline fault, and continuity to higher-grade mineralization in the hanging wall of the Ridgeline fault. To date 23,498m of infill, step-out and geotechnical drilling have been completed in 129 RC and core holes at Dark Star." Gold Standard Ventures has reported results for 107 of the 129 holes that have been completed.
"Dark Star continues to surprise us to the upside with several new targets emerging in the northern portion of the deposit. The high-grade feeder structures in this deposit are far more extensive than previously thought and structural limits to the mineralization we originally assumed have proved not to be limits at all," stated Jonathan Awde, CEO and director of Gold Standard. "The continuity of the oxidized gold values overall, the thickness of the intervals containing exceptional grade and the near-surface accessibility of the material make Dark Star a potential stand-out among Carlin deposits. We think that an upcoming Preliminary Economic Assessment of Dark Star is likely to have a substantial impact on perceptions of shareholder value."
Key Highlights from Dark Star:
The DC18-07, a core hole in the northern portion of Dark Star, intersected with 229.8m of 2.08 g Au/t, including 11.0m of 5.04 g Au/t, 12.4m of 4.94 g Au/t, 6.5m of 9.17 g Au/t and 14.3m of 4.60 g Au/t.
"The 229.8m mineralized zone includes an 8.6m interval of no core recovery from 131.1m to 139.7m," stated the company. "The oxide intercept is higher-grade and more continuous than predicted by the resource model. Mineralization extends approximately 30m below the resource model where the hole was lost at 243.6m in 0.45 g Au/t."
In the northern portion of Dark Star, drill holes DR18-69, -97, -98, -99, -100 and -101 returned intercepts of thick, oxide gold in the footwall west of the Ridgeline fault. Nine holes have currently been drilled in the footwall outline a 300m north-south zone of oxide mineralization. This a new target area that remains open for resource expansion to the north and west.
"In the northern portion of Dark Star, stepout RC hole DR18-99 intersected 56.4m of 2.94 g Au/t, including 16.8m of 8.67 g Au/t," stated the news release. "These results are noteworthy for four reasons: 1) the high-grade intercept is located approximately 60m into the footwall (west) of the Ridgeline faulta structure once thought to be a boundary to mineralization; 2) the intercept is higher-grade than predicted; 3) the intercept is oxide based on AuCN shake tests, and 4) resource expansion potential remains open to the north and west."
Also, in the footwall of the Ridgeline fault, RC hole DR18-97 intersected with 70.1m of 0.89 g Au/t, including 10.7m of 2.88 g Au/t. This oxide intercept expands the current resource block model 30 meters to the west of the Ridgeline fault.
In the southern portion of Dark Star, RC hole DR18-96 intersected at 125.0m of 0.58 g Au/t starting at the topographic surface.
"The oxide intercept is higher grade than predicted by the resource block model," stated the company.
Read what other experts are saying about:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.