Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported impressive new results from 4 reverse-circulation (RC) and 12 core holes at the Dark Star deposit on its 100% owned and controlled Railroad-Pinion Project in Nevada's Carlin Trend. The company noted that these results are likely to have a substantial impact on the Dark Star deposit's resource potential and development planning.
According to the company, four holes in the northern portion of Dark Star intersected exceptional, vertically continuous zones of oxidized gold mineralization including 190.5m of 2.28 g Au/t, 230.2m of 1.87 g Au/t, 240 .8m of 1.70 g Au/t, and 122.0m of 0.81 g Au/t. "These results continue to confirm oxide gold resource potential well below the depth of the current resource model," the company stated.
Last week the company announced an expanded development drill program; 17 holes, about 5,400 meters, will test new targets at depth below the current resource model, and 18 additional holes will test the potential for lateral resource expansion in three directions from the current resource.
Some 23,644 meters of infill, step-out and geotechnical drilling have been completed in 132 RC and core holes at Dark Star. Three of the five rigs active on site will focus on Dark Star through the remainder of 2018, the company stated.
Jonathan Awde, CEO of Gold Standard stated, "In our view, these results are very encouraging. Dark Star is emerging as an important Carlin oxide deposit with multi-million ounce potential and the size to support a large-scale, bulk-minable open pit production scenario. After three years of significant success, we think we may still be scratching the surface of Dark Star's prospects which we now think may also include a deeper sulfide zone typical of the larger Carlin-style deposits to the north. We are very excited to have the opportunity to continue drilling with an expanded program over the next two or three months."
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