Welcome!

News Feed Item

Gold Standard's First Drill Program at Pinion Confirming Historical Results and Finding New Gold Mineralized Zones

First five holes include oxidized intercepts of 39.6 m. of 1.01 g Au/t and 69.8 m. 0.89 g Au/t

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/25/14 -- Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company") today announced assay results of the first five drill holes from the Pinion Phase 1 drilling program at its 100%-owned Railroad-Pinion Project in Nevada's Carlin Trend. These results to date are meeting three key objectives of the drill program: verifying historical drill data, expanding the known limits of the gold mineralization and demonstrating the predictability of GSV's new geological model.

Drilling highlights include:

--  PIN14-01, a core hole, returned 69.8m of 0.89 g Au/t beginning
    essentially at surface, successfully twinning and verifying results from
    historical RC hole TCT-017 (68.6m of 0.92 Au/t).  
--  PIN14-02, a 60m westerly RC step-out from the known limits of the Main
    Zone, returned 0.44 g Au/t over 15.2m, potentially opening the deposit
    in this direction. 
--  PIN14-05, an RC hole, returned 1.01 g Au/t over 39.6m and a further 0.39
    g Au/t over 53.4m in a lower breccia zone which is potentially a major
    new target at Pinion. 

The Phase 1 program consists of 13 vertical drill holes, eight of which have been completed (click the following link for Pinion Phase 1 drill hole map: http://goldstandardv.com/proposed-pinion-holes/). Assays are pending for holes PIN14-06 through PIN14-10. One RC hole (PIN14-10) and one core hole (PIN14-08) are currently in progress. In addition to the objectives noted above, the program will collect material for density and metallurgical testing in advance of an initial NI-43-101 resource estimation expected in late July.

Key Observations:

--  The targeted multilithic, dissolution collapse breccia host was
    intersected in all five drill holes. Gold mineralization is continuous
    and widespread within this highly permeable, silicified and oxidized
    breccia which is favorably 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 (click here for Pinion deposit cross section:
    http://goldstandardv.com/pinion-cross-section/).  
--  Gold-bearing intercepts in PIN14-03 and PIN14-04 expanded mineralization
    60 meters to the west along a north-northeast-striking fault, adding to
    the evidence of an emerging connection between the historical North and
    Main Zones. 
--  PIN14-05 intersected two separate intervals of oxidized gold
    mineralization in the North Zone. The lower gold intercept represents a
    new target, not identified by historic drilling, which lies along a
    northwest-striking fault. Immediately below the lower gold intercept,
    PIN14-05 intersected a quartz-sericite-pyrite altered, quartz porphyry
    dike-filled fault before ending in Chainman sandstone. The presence of
    Chainman sandstone indicates that additional, untested collapse breccia
    targets could exist at depth at the underlying Devil's Gate Formation
    contact-a typical occurrence on the Carlin Trend. 

Drill results for the first five holes are as follows:

----------------------------------------------------------------------------
                                          Intercept   Thickness     Grade   
Drill Hole  Method     Incl.    TD (m)       (m)         (m)      (g Au/t)  
----------------------------------------------------------------------------
PIN14-01     Core       -90      96.3    1.5 - 71.3     69.8        0.89    
----------------------------------------------------------------------------
                including                9.8 - 17.1      7.3        2.31    
----------------------------------------------------------------------------
PIN14-02      RC        -90      68.6    18.3 - 33.5    15.2        0.44    
----------------------------------------------------------------------------
PIN14-03      RC        -90      109.8   57.9 - 62.5     4.6        0.38    
----------------------------------------------------------------------------
PIN14-04      RC        -90      99.1    39.6 - 57.9    18.3        0.30    
----------------------------------------------------------------------------
                                           122.0 -                          
PIN14-05      RC        -90      391.8      161.6       39.6        1.01    
----------------------------------------------------------------------------
                                           172.3 -                          
                                            173.8        1.5        0.56    
----------------------------------------------------------------------------
                                           231.7 -                          
                                            285.1       53.4        0.39    
----------------------------------------------------------------------------
                                           301.8 -                          
                                            304.9        3.1        0.39    
----------------------------------------------------------------------------
                                           326.2 -                          
                                            329.3        3.1        0.24    
----------------------------------------------------------------------------
(ii) Gold intervals reported in this table were calculated using a 0.20 g   
Au/t cutoff. Weighted averaging has been used to calculate all reported     
intervals. True widths are estimated at 85% of drilled thicknesses.         

In addition to the drilling, current activities at the Pinion Deposit include the collection and interpretation of gravity data, detailed and district scale geologic mapping, relogging historic RC drill cuttings and cross section interpretation.

Mac Jackson, Gold Standard's Vice President of Exploration stated, "Our first drill holes at Pinion demonstrate the presence of a strong oxidized gold system that is very continuous and widespread in the collapse breccia host at the top of the Devil's Gate Formation. The new, deeper potential recognized in PIN14-05 is one of the types of targets we expect to identify as we integrate the geology through relogging, mapping and gravity work. We are very excited by our Phase 1 drill results to date and the exploration potential we see emerging at Pinion."

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, NV 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, NV. 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 is an advanced stage gold exploration company 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 115km2 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.

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"                                                             
                                                                            
Jonathan Awde, President and Director                                       

Contacts:
Jonathan Awde
President
Tel: 604-669-5702
Email: [email protected]
Website: 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
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
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.
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at 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. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at 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. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that Dasher Technologies will exhibit at 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. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at 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. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" 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. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
SYS-CON Events announced today that TidalScale will exhibit at 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. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...