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.

Contacts:
Gold Standard Ventures Corp.
Jonathan Awde
President
604-669-5702
info@goldstandardv.com
www.goldstandardv.com

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
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Column Technologies exhibited at SYS-CON's @DevOpsSummit at Cloud Expo, which took place at the Javits Center in New York City, NY, in June 2016. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principals and help our customers meet today’s DevOps and Dig...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, 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.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).