Click here to close now.


News Feed Item

Gold Standard Reports New Gold Assays from Previously Unassayed Historical Pinion Drill Core

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/15/14 -- Gold Standard Ventures Corp. (TSX VENTURE: GSV) (NYSE MKT: GSV) (NYSE Amex: GSV) ("Gold Standard" or the "Company") announced today that gold assays of historic Pinion drill holes not previously assayed for gold have yielded positive results including a new interval of 35.4 meters of 1.063 g Au/t (from 13.7 to 49.1 meters) in PN-07-02, and an 8.8 meter extension of an existing gold intercept to 54.3 meters of 0.686 g Au/t (from 43.3 to 97.6 meters) in SB-145. Gold Standard's 100%-owned Pinion Gold Project sits adjacent and immediately to the south of its Railroad Project in Nevada's Carlin Trend.

These shallow core holes were drilled by previous operators in 1996 and 2007 in a roughly north-south alignment for geotechnical and geologic purposes. During Gold Standard's re-logging and data review of the core from 12 core holes obtained in the Pinion acquisition, its geologists identified that 72% of the core had not been assayed for gold. The subsequent new assay data supports two important observations about the Pinion deposit:

--  These results continue to reinforce the significance of collapse breccia
    as a major gold host-a factor which was not apparently known to previous
--  PN-07-02 bottomed in oxidized and silicified collapse breccia that
    assayed 1.425 g Au/t, indicating that previous drilling was too shallow
    to adequately test the potential of the lower breccia zone. Furthermore,
    three other holes were not drilled deep enough to intersect the lower

All new assay results are summarized below:

             TD  Previously   Intercept   Thickness    Grade
Drill Hole  (m) Assayed (m)         (m)         (m)  (g Au/t)       Comments
                                                                hole drilled
                                                                south of the
               3.1 - 21.0 &                                        Main Zone
SB-140     54.6 32.6 - 54.6              barren               mineralization
                                                                Geotech hole
                                                                south of the
                                                                   Main Zone
SB-141     31.1 13.7 - 31.1              barren               mineralization
                                                                Geotech hole
                                                                south of the
                                                                   Main Zone
SB-142     26.8 14.9 - 26.8              barren               mineralization
                                                             Drilled between
                                                               the North and
SB-143     83.8    0 - 47.6              barren                   Main Zones
                                                             Drilled between
                                                               the North and
SB-144     74.7  2.7 - 37.5              barren                   Main Zones
                                                                 Extended an
                                                               existing gold
                                                               interval. The
                                                             entire interval
                                                                 is 54.3m of
                                                                0.686 g Au/t
                                                                from 43.3 to
SB-145     99.1  7.0 - 52.1 43.3 - 52.1         8.8     0.377         97.6m.
                                                              40.5m of 2.126
                                                                 g Au/t from
SB-146     42.7        none           -           -         -      1.2-41.7m
                                                             Drilled between
                                                                the Main and
PN-07-01   94.7    0 - 94.7 19.8 - 21.3         1.5     0.239    North Zones
                                                              Drilled in the
                                                                 North Zone;
                                                               hole ended in
PN-07-02   49.1    0 - 49.1 13.7 - 49.1        35.4     1.063   1.425 g Au/t
                                                                    Not deep
                                                               enough, North
                                                             Zone target not
PN-07-03   82.7    0 - 82.7   3.0 - 4.5         1.5     0.302         tested
                                                               Lower breccia
                                                               not tested by
PN-07-04   91.8    0 - 91.8  9.1 - 13.7         4.6     0.381this drill hole
                                                              Drill hole not
                                                                deep enough,
                                                               Main Zone not
PN-07-05   91.8    0 - 91.8 35.0 - 38.1         3.1     1.303         tested
                            44.2 - 45.7         1.5     0.351

(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. True widths are estimated at 85% of drilled thicknesses.

Gold Standard President and CEO Jonathan Awde noted that the new assays provide important confirmation of the upside potential of the Pinion deposit. "We are certainly pleased to see additional gold mineralization in these holes but we are even more excited to get further confirmation that the historical work apparently did not recognize the nature of the deposit and how it needed to be explored. Clearly, the breccia zone was not the focus of previous exploration efforts as we believe it should have been, and many of the holes were too shallow to intersect this target."

The initiation of re-logging, cross section work and geologic mapping at Pinion has identified a classic, Carlin Trend setting with gold hosted in an oxidized, flat to gently dipping, dissolution collapse breccia. The best existing drill intercepts (e.g., TCT-018: 24m of 4.30 g Au/t from 1.5 - 25.5m; and CPR-110: 67m of 1.06 g Au/t from 12 - 79m) are located in structural highs along west-northwest, north and northwest-striking fault zones. Previously unrecognized, intrusive rocks occur within the deposit and indicate the presence of important deep-seated, through-going conduits. 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. Geologic work, including cross sections constructed from the re-logging, has progressed through a third of the deposit area, and the model continues to support a very promising, classic Carlin-style picture for the Pinion deposit.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance:

All core sampling was conducted under the supervision of the Company's project geologists and the chain of custody was continuously monitored to the sample preparation facility. Core from the SB-series holes was cut at the company's facility in Elko, NV and one half was sent to the lab for analysis and the other half retained in the original core box. A blank or certified reference material was inserted approximately every tenth sample. The core samples and pulp samples from the PN-07 series holes were delivered to ALS Minerals preparation facility in Elko, NV. The core samples were crushed and pulverized and all sample pulps were 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. 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 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 NYSE MKT accepts responsibility for the adequacy or accuracy of this news release.


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 and with the SEC on EDGAR (available at 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

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
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete en...
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of, and Fred Yatzeck, principal architect leading product development at, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
In his session at DevOps Summit, Bryan Cantrill, CTO at Joyent, will demonstrate a third path: containers on multi-tenant bare metal that maximizes performance, security, and networking connectivity.
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The APN DevOps Competency highlights APN Partners who demonstrate deep capabilities delivering continuous integration, continuous delivery, and configuration management. They help customers transform their business to be more efficient and agile by leveraging the AWS platform and DevOps principles.