Welcome!

News Feed Item

Met Tests Confirm Potential to Leach Gold Standard's Bald Mountain Gold-Copper Oxide Discovery on Railroad Project With Preliminary Agitation-Leach Recoveries Averaging 82.2%

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/23/14 -- Gold Standard Ventures Corp. (TSX VENTURE: GSV)(NYSE MKT: GSV)(NYSE Amex: GSV) ("Gold Standard" or the "Company") (www.goldstandardv.com) today released results from metallurgical tests on the Bald Mountain gold-copper oxide discovery made by Gold Standard last fall on its 100%-owned Railroad Project in the Carlin Trend of Nevada. The tests, performed by Inspectorate Labs of Reno, Nevada, reported an average 82.2% recovery of gold after one hour of cyanide agitation leach.

As reported on October 2, 2013, the first hole drilled into the Bald Mountain target, vertical core hole RRB13-1, intersected 56.1 meters of 1.47 g Au/T, including an internal interval of 7.3 meters of 5.66 g Au/T. Importantly, the gold intercept was hosted entirely in oxidized hornfels breccia, representing the most significant oxidized gold mineralization found to date in the northern Railroad project area. Gold in oxidized mineralization can typically be recovered using methods such as cyanide leaching which are less expensive and less capital-intensive than those required to recover gold from non-oxidized (sulphide) material.

Immediately below the gold intercept, RRB13-1 also intersected a separate copper zone returning 23.3 meters of 0.4% copper as well as narrower but high-grade intercepts of other base metals and silver.

Recognizing the potential economic significance of the Bald Mountain discovery, Gold Standard commissioned metallurgical tests of the core. Inspectorate used the following procedure: 30 gram samples were agitation-leached for one hour at room temperature in 60mls of 0.3% sodium cyanide solution. The solution also had a 0.3% concentration of sodium hydroxide in order to stabilize the pH at greater than 10. Pregnant solutions were analyzed by a matrix-matched-calibrated AAS. Internal blanks, standards and duplicates were also analyzed at a frequency of approximately one of each for every 35 samples.

Fourteen of fifteen samples provided an unweighted average recovery of 82.2%. The better recoveries were skewed toward the higher grade samples (see table below):


      Gold Standard Ventures RRB13-01: 15 pulp samples for Au - 30 - CN

                      AuAA 23 ppm    Au ppm 30 CN
Sample #                   Chemex    Inspectorate    Au Recovery %    Cu ppm

RRB13-01 680                1.355            1.33               98       464
RRB13-01 684                0.883            0.75               85       316
RRB13-01 702                  2.4            2.02               84       549
RRB13-01 712                 6.75            5.61               83       402
RRB13-01 716.5              12.85           10.61               83       218
RRB13-01 721.5               4.04             3.8               94       323
RRB13-01 730                0.952             0.8               84       380
RRB13-01 743                0.433            0.37               85       494
RRB13-01 772                0.381            0.24               63       787
RRB13-01 792                1.705            1.42               83       601
RRB13-01 802                  2.5            1.74               70       756
RRB13-01 812                1.415            1.08               76       137
RRB13-01 827                 1.22            0.99               81       404
RRB13-01 834                0.623            0.51               82       855
RRB13-01 861                0.569             0.1               18      1110

Dave Mathewson, Gold Standard's Vice President of Exploration, stated: "We are very pleased with the excellent preliminary metallurgical results from the Bald Mountain target. Visually, we have been seeing very deep and strong oxidation in the holes we have been drilling in the Central Bullion area. Now that we have confirmed that these oxide opportunities are likely to be leachable, especially as indicated in RRB13-01, we will focus on expanding the Bald Mountain target and identifying other oxide opportunities in the area."

Gold Standard also herewith reports the most significant assay from two holes, RRB13-02 & RRB13-03, completed in late 2013 within the Central Bullion area, from the Sylvania and Steve's Camp targets, respectively. While the mineralization in these targets remains of interest, work in the Central Bullion area will focus on the high gold values found at Bald Mountain.

Please see table below for detailed Intercepts for RRB 13-2 and RRB 13-3.


----------------------------------------------------------------------------
Drill Hole   Intercept (m) Thickness (m) Au Grade (g/t)                Other
                                                        Ag, Cu, Pb, Zn, ETC.
----------------------------------------------------------------------------
RRB13-02         91.8-98.5           6.7                       0.54 oz Ag/st
----------------------------------------------------------------------------
                                                                   0.30 % Cu
----------------------------------------------------------------------------
                                                                    0.05% Mo
----------------------------------------------------------------------------
                                                                    0.25% Zn
----------------------------------------------------------------------------
               123.3-127.7           4.4                       1.73 oz Ag/st
----------------------------------------------------------------------------
                                                                    0.29% Cu
----------------------------------------------------------------------------
                                                                    0.22% Pb
----------------------------------------------------------------------------
                                                                    0.64% Zn
----------------------------------------------------------------------------
               138.4-146.8           8.4           0.06        0.92 oz Ag/st
----------------------------------------------------------------------------
                                                                   0.24 % Cu
----------------------------------------------------------------------------
                                                                   0.11 % Pb
----------------------------------------------------------------------------
                                                                   0.18 % Zn
----------------------------------------------------------------------------
               189.6-196.3           6.7                       6.71 oz Ag/st
----------------------------------------------------------------------------
                                                                   0.75 % Cu
----------------------------------------------------------------------------
                                                                   0.13 % Mo
----------------------------------------------------------------------------
                                                                   0.24 % Pb
----------------------------------------------------------------------------
                                                                    0.23% Zn
----------------------------------------------------------------------------
               247.5-254.7           7.2                       0.25 oz Ag/st
----------------------------------------------------------------------------
                                                                   0.27 % Cu
----------------------------------------------------------------------------
                                                                   0.06 % Zn
----------------------------------------------------------------------------
RRB13-03           4.1-8.8           4.7                            0.17% Cu
----------------------------------------------------------------------------
                 22.6-43.0          20.4                            0.42% Cu
----------------------------------------------------------------------------
                                                                    0.08% Zn
----------------------------------------------------------------------------
                 60.1-62.8           2.7                            0.13% Cu
----------------------------------------------------------------------------
                 91.2-99.1           7.9           0.28        0.29 oz Ag/st
----------------------------------------------------------------------------
                                                                    0.19% Cu
----------------------------------------------------------------------------
                                                                    0.21% Zn
----------------------------------------------------------------------------
(i)Note: the gold intervals reported in the above table are based on a 0.200
 g Au/t cutoff. Weighted averaging has been used to calculate all reported
 intervals. The reported gold intervals may, or may not represent true
 thicknesses and, or widths. In general, the gold distribution within these
 large, complex breccia bodies tends to be irregular and will require
 additional drilling to establish true widths.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. Core was cut at the company's facility in Elko and one half was sent to the lab for analysis and the other half retained in the original core box. A blank, quarter core duplicate or certified reference material was inserted approximately every tenth sample. The samples are delivered to ALS Minerals preparation facility in Elko. The samples are crushed and pulverized and sample pulps are shipped to ALS Minerals certified laboratory in Vancouver. Pulps are digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30 gram split. All other elements are determined by ICP analysis. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.

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 Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 40,000 acres of prospective ground within North Central Nevada and the Walker Lane of which 18,130 acres comprise the flagship Railroad Gold Project on the productive Carlin Gold Trend.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this news release.

On behalf of the Board of Directors of Gold Standard,

Jonathan Awde, President and Director

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 current drill plans 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. Such factors include, among others, the following risks: operational risks associated with mineral exploration; unanticipated geological formations, 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). Furthermore, the existence of gold deposits on nearby properties is not necessarily indicative of the mineralization on our properties. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and the...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effi...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.