Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: GSV

Gold Drill Results at Nevada Carlin Trend Site Uncover New Deposit Potential

Source:

Drilling at seven holes in the Dixie site may point to a new geological interpretation.

Gold Standard Ventures Project Map

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) recently reported systematic drilling results at the Dixie Target on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. The results were from seven reverse-circulation ("RC") drill holes. Dixie is located within the highly prospective north-striking Dark Star Corridor.

"We are very excited by the potential for a significant deposit at Dixie. This target was known historically but the geology was misunderstood at the time. Our technical team recognizes that Dixie has many similarities to the high-grade deposit at North Dark Star, including the same host rock and structural setting that we have learned to value in our five years of intensive exploration at Railroad-Pinion. The key favorable features appear to exist along Dixie's 2000 meters of known strike length and potentially along the entire 12 km. length of the Dark Star corridor, which would be a major development. With just under $40 million in our treasury, we have lots of room to pursue this and other opportunities in the district," explained Jonathan Awde, the company's CEO and Director.

Some of the most important insights generated by the drilling were:

  • DX18-06 intersected 1m of 1.05 g Au/t, including 13.7m of 1.63 g Au/t and 9.1m of 2.30 g Au/t.
  • DX18-07, located 100m south of DX18-06, intersected 33.5m of 0.65 g Au/t, including 3.0m of 2.25 g Au/t and 3.0m of 1.08 g Au/t.
  • DX18-05, located 230m west of DX18-07, intersected 24.4m of 0.18 g Au/t up dip from DX18-07.

One of the key points about DX18-06 and DX18-07 is that a new geologic interpretation was created which may indicate the presence of a target that can be found along the entire length of the 12-kilometer Dark Star Corridor.

"Continued success in the Penn-Perm rocks illustrates the elevated exploration potential across the southern property acquisition completed in 2017. The thick intercepts in DX18-06 and DX18-07 at Dixie illustrate that Dark Star-like intercepts are possible anywhere Penn-Perm rocks have been exposed to structural preparation and mineralizing fluids within the dike-filled corridor. The new geologic interpretation is being applied at Dixie to hone in on higher-grade mineralization and to expand this zone. Continued success at Dixie and the thick, plus 1-gram intercepts shows Dixie as a high priority target worth advancing toward a maiden resource," said Michael Harp, Gold Standard's project geologist at Dixie.

Gold Standard Ventures is an advanced-stage gold exploration company headquartered in Vancouver, Canada.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. 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.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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.




321 Gold

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe