Gold Standard Initiates Drilling at its Pinion Oxide Gold Deposit in Nevada's Carlin Trend
22 Mai 2014 - 9:05AM
Marketwired
Gold Standard Initiates Drilling at its Pinion Oxide Gold Deposit
in Nevada's Carlin Trend
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2014) - Gold
Standard Ventures Corp. (TSX-VENTURE:GSV)(NYSEMKT:GSV)(NYSE
Amex:GSV) ("Gold Standard" or the "Company") announced today that
drilling has commenced at the Company's Pinion Project with one
reverse circulation and one core rig. The Phase 1 program consists
of thirteen vertical drill holes designed to confirm and verify
historic drill results in the Pinion North and Main Zones, test the
predictability of the new geological model and collect material for
density and metallurgical testing in advance of an initial NI
43-101 resource estimation. Drilling, estimated at 2,100 meters, is
expected to be completed before the end of June.
Nine reverse circulation drill holes totaling about 1500 meters,
and four core holes totaling about 600 meters are planned for Phase
1 drilling at Pinion (click the following for drill map:
http://goldstandardv.com/proposed-pinion-holes/). These proposed
holes are summarized below:
- Core A and Core B will test for vertical extensions to
mineralization in favorable stratigraphy and structure beneath
existing holes which bottomed in gold. At these locations, historic
drilling ended in Chainman Formation sandstone, stratigraphically
above the favorable collapse breccia host.
- Core C and Core D are designed to twin and verify existing gold
intercepts in historic reverse circulation holes, test the lower
limits of gold mineralization and confirm geology.
- RC-1 is designed to expand the collapse breccia hosted
mineralization to the west of the Main Zone.
- RC-2, RC-3, RC-4, RC-5, RC-6, RC-8 and RC-9 are designed to
expand the collapse breccia hosted mineralization between the Main
and North Zones, in areas of wider-spaced historic drilling. Sites
RC-8 and RC-9 are positioned along fault zones identified during
recent re-logging and cross sectional interpretation of
geology.
- RC-7 is designed to expand the collapse breccia hosted
mineralization to the east of the North Zone.
The Phase 1 drilling is a limited program but will allow for a
systematic build-up of the geologic model and resource, with a more
substantial Phase 2 planned for the second half of 2014. At Pinion,
gold is hosted in an oxidized, flat to gently dipping, dissolution
collapse breccia. Lateral extent and continuity of gold
mineralization is excellent due to the channeling of the gold
system within highly permeable collapse breccia sandwiched between
relatively impermeable, silty micrite of the overlying
Mississippian Tripon Pass Formation and thick bedded, calcarenite
of the underlying Devonian Devil's Gate Formation. Previously
unrecognized, intrusive rocks occur within the deposit and indicate
the presence of important deep-seated, through-going conduits.
Gold Standard's President and CEO Jonathan Awde stated that "we
have a high degree of confidence that the current drill program
will enable us to report a resource which conforms to the standards
of NI 43-101. This is an important development for Gold Standard
because it will enable the market to begin valuing the Pinion asset
in the context of comparable deposits."
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,
B.Sc. 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 is moving towards
building NI 43-101 compliant gold resources at both the near
surface, oxide-gold Pinion deposit and the 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, included herein including, without limitation,
statements about our proposed financing 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 AwdePresident and
Director604-669-5702info@goldstandardv.comwww.goldstandardv.com
Gold Standard Ventures Corp. (TSXV:GSV)
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