Gold Standard to Begin Drilling Next Month on Pinion Oxide Gold Deposit in Nevada's Carlin Trend
29 Abril 2014 - 8:30AM
Marketwired
Gold Standard to Begin Drilling Next Month on Pinion Oxide Gold
Deposit in Nevada's Carlin Trend
Up To 15 RC and Core Holes to Be Completed By the End of June,
2014
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 29, 2014) - Gold
Standard Ventures Corp. (TSX-VENTURE:GSV)(NYSEMKT:GSV)(NYSE
Amex:GSV) ("Gold Standard" or the "Company")
(www.goldstandardv.com) announced today that Gold Standard and APEX
Geoscience Ltd. of Edmonton are together advancing an up-to-date
geological model for Gold Standard's 100%-owned Pinion Gold
Project. The model is based on an intensive re-logging of existing
core and reverse circulation drill holes using GSV's knowledge of
the controls on gold distribution in the Railroad District
developed over the past several years.
The model now emerging represents a new interpretation of
Pinion's geology compared to historical concepts. The new model
recognizes the project's extensive collapse breccia as the primary
host to mineralization and incorporates local intrusive rocks and
several stratigraphic marker units as important factors in mineral
deposition. These newly-recognized features are providing a better
understanding of the fault orientations and off-sets which are an
important control on gold mineralization.
Nearly a quarter of the 385 holes drilled into the Pinion
deposit by previous operators have been re-logged with the program
now focusing on selected cross-sections. Beginning in May, up to 15
reverse circulation and core holes will be drilled to confirm and
upgrade the project's historical resource to the standards of an NI
43-101-compliant estimate. The gold system at Pinion remains open
in all directions; results from the compliant resource estimate
will help define mineral controls, allowing GSV to better test for
the current limits of the gold system.
Commenting on the process, GSV President and CEO Jonathan Awde
noted that "the first pass model has come together well thanks in
large part to our accumulated knowledge of the Railroad District.
We are seeing good continuity of mineralization as well as a
coherent pattern of alteration types and structural features
controlling the gold. We believe this model will support reliable
resource estimation and that it will prove to be predictive in
terms of identifying prospective areas with open-ended
mineralization as well as new target zones."
Following upon the recommendations made by APEX in its NI 43-101
technical report of March 31, 2014, historical drill hole collars
are being re-surveyed, additional density measurements are being
made on existing drill core and further metallurgical tests are
being designed-all work required for a resource estimate. The first
phase of drilling has been planned to confirm historical results,
test the predictability of the new geological model and collect
material for density and metallurgical testing. Drilling is
expected to commence shortly and will be completed before the end
of June.
Gold Standard's extensive Railroad Project on the southeast end
of the Carlin Gold Trend represents the largest land position
within the fourth and most southern structural window found on the
75 kilometer long Trend. Newmont's Emigrant Project and its past
producing Rain Deposit are in the Rain Window (Dome), immediately
adjacent to the north of Railroad.
Following the addition of the Pinion Project, the Company now
controls all of the significant undeveloped Carlin targets within
this fourth structural window. The four structural windows are
critical features along the Trend, characterized by
intrusion-related doming which has exposed the host Paleozoic rock
units and the gold deposits they host. The three structural windows
northwest of Railroad are associated with multiple gold deposits;
the occurrences found to date around this southernmost uplift have
characteristics similar to the gold deposits to the north.
The Pinion Deposit was discovered in two parts; the portion in
section 22 controlled by unpatented mining claims and BLM surface
management was initially drilled by Amoco Minerals Company in 1981,
followed by Freeport in 1983, and Teck in 1986. The portion in
section 27, controlled by private fee minerals and surface
ownership and known as the South Bullion Deposit, was found by
Newmont in 1987. Subsequently, the mineral and surface rights
covering the Pinion Deposit have remained dispersed among various
mining companies and ranching families, making coherent exploration
and development impossible until the consolidation finally
accomplished in March, 2014 by Gold Standard (see news release of
March 5, 2014).
The scientific and technical content and interpretations
contained in this news release have been reviewed, verified and
approved by Steven R. Koehler, Gold Standard's Manager of Projects,
BSc. Geology and CPG-10216, a Qualified Person as defined by NI
43-101, Standards of Disclosure for Mineral Projects.
ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced
stage gold exploration focused on district scale discoveries in
Nevada. The Company's flagship project, the Railroad-Pinion Gold
Project, is located within the prolific Carlin Trend. The recent
Pinion gold deposit acquisition offers GSV a potential near-term
development option and further consolidates the Company's premier
land package in the Carlin Trend. Gold Standard plans on announcing
initial NI 43-101 resource estimates for both its near surface,
oxide-gold Pinion deposit and its classic Carlin-style North
Bullion gold deposit in 2014.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) nor
the NYSEMKT accepts responsibility for the adequacy or accuracy of
this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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. All statements other than statements of
historical fact that are included herein, including, without
limitation, statements about a prospective drill program, the
efficacy of geologic models and the potential for an NI
43-101-compliant resource estimation are forward-looking
statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other
future events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Risk factors affecting the Company
include, among others: the results from our exploration programs,
global financial conditions and volatility of capital markets,
uncertainty regarding the availability of additional capital,
fluctuations in commodity prices; title matters; and the additional
risks identified in our filings with Canadian securities regulators
on SEDAR in Canada (available at www.sedar.com) and with the SEC on
EDGAR (available at www.sec.gov/edgar.shtml). 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.
On behalf of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
Gold Standard Ventures Corp.Jonathan
AwdePresident604-669-5702info@goldstandardv.comwww.goldstandardv.com
Gold Standard Ventures Corp. (TSXV:GSV)
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