Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: GSV

Miner Delineates Gold Zone at 'High-Priority Target' in Nevada
News Update

Source:

A miner reports that results from the first phase of drilling on a key target delineate a near-surface, oxide gold zone.

Gold Standard Ventures Project Map

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported Phase 1 results from the drilling it did on the Jasperoid Wash Deposit, one of its five early-stage, high-priority exploration targets this year. The Jasperoid Wash is on the company's Railroad-Pinion property in Nevada, about 7.5 kilometers west of its Dark Star Deposit.

Phase 1, Jasperoid Wash drilling encompassed 5,027 meters (5,027m) and 28 holes, one of was core and the other 27 were reverse circulation. The goals were to "reduce spacings to approximately 100m and provide the requisite data for a maiden resource estimate 2018E, provide core for metallurgical testing and test for possible lateral extensions to the target area," a news release indicated.

In general, drilling delineated a zone of near-surface, shallow, oxide gold mineralization that remains open in multiple directions. It is about 1,150m long, striking north to northeast, by 650m wide, striking east to west. "The 28 current holes continue to establish lateral continuity of the oxide mineralization," according to a news release.

Specific hole highlights are as follows.

1. JW18-26 intersected 22.9m of 0.76 grams per ton gold (g/ton Au), including 10.7m of 1.15 g/t Au. JW18-28 intersected 38.1m of 0.63 g/ton Au, including 15.2m of 1.23 g/ton Au. Mineralization in these northernmost drilled holes remains open to the north, west and east. Gold Standard will further explore this area in Phase 2 drilling.

2. JW18-01, the core hole, intersected 80.8m of 0.53 g/ton Au, which included two higher-grade areas of 6.1m of 1.15 g/ton Au and 4.6m of 1.56 g/ton Au. The hole mirrored and confirmed results of a hole drilled in 2017, JW17-10, which had intersected 7m of 0.48 g/ton Au. Column leach testing will be done on material from JW18-01.

3. About 200m north of JW17-10, the 2017 drill hole mentioned above, JW18-24, a 2018 hole, intersected 51.8m of 0.58 g/ton Au, including 9.1m of 1.01 g/ton Au.

"We continue to expand the near-surface, oxide gold zone at Jasperoid Wash and are encouraged that the geologic controls on the gold system are very similar to those at Dark Star," said Max Jackson, vice president of exploration.

Phase 2 drilling at the Jasperoid Wash is set to begin during August/September. "We'll be looking for structural settings that have the potential to host 1 to 4 g/ton gold oxide zones analogous to those we've intersected at North Dark Star," added Jackson.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her 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.




Institutional Capital and Cannabis Conference

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