Welcome!

News Feed Item

Gold Standard Continues to Confirm Historical Results and Expand Gold Zones at Pinion

Holes include oxidized intercepts of 20.7m of 1.78 g Au/t, 36.6m of 1.23 g Au/t and 65.5m of 0.90 g Au/t

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/17/14 -- Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company") today announced assay results of the next five holes from the Pinion Phase 1 drilling program at its 100% owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. These results continue to meet 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:

--  PIN14-06, a core hole in the North Zone, returned three unique zones of
    gold mineralization including 20.7m of 1.78 g Au/t.  
--  PIN14-07, a 35m southeasterly RC step-out from SB-073 (18.3m of 1.64 g
    Au/t), returned 12.2m of 1.23 g Au/t.  
--  PIN14-08, a core hole in the Main Zone, returned 36.6m of 1.23 g Au/t
    with a higher grade interval of 5.0m of 5.62 g Au/t. The hole
    successfully twinned and verified results from historical RC hole TC-008
    (42.6m of 1.13 g Au/t). 
--  PIN14-09, an RC infill hole between historic RC holes TCX-017 (9.1m of
    0.21 g Au/t) and SB-123 (9.1m of 1.00 g Au/t), intersected 15.2m of 0.42
    g Au/t.  
--  PIN14-11, an RC hole in the Main Zone, intersected 65.5m of 0.90 g Au/t
    including 13.7m of 2.51 g Au/t. 

The Phase 1 program, consisting of 13 vertical drill holes, has been completed (click the following link for Pinion Phase 1 drill hole map: http://goldstandardv.com/pinion-drill-plan-july/). Assays are pending for holes PIN14-10, -12 and -13. 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 August.

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 Devil's Gate Formation. 
--  Gold bearing intercepts in PIN14-06 and PIN14-11 confirm additional,
    vertically-continuous zones of mineralization that include higher grade
    intervals exceeding 2.0g Au/t. 
--  Gold bearing intercepts in PIN14-07 and PIN14-09 expanded the lateral
    extent of the breccia hosted gold zone and demonstrate the upside
    exploration potential for continuous gold mineralization between the
    North and Main Zones. This area between the zones is characterized by a
    limited number of widely-spaced historic drill holes that tested the
    multilithic, dissolution collapse breccia host. 

Drill results are as follows:

----------------------------------------------------------------------------
                                           Intercept   Thickness       Grade
Drill Hole      Method   Incl.  TD (m)           (m)         (m)    (g Au/t)
----------------------------------------------------------------------------
PIN14-06          Core     -90   175.0   11.6 - 18.9         7.3        0.22
----------------------------------------------------------------------------
                             Including   40.2 - 60.9        20.7        1.78
                                      --------------------------------------
                                         52.4 - 57.0         4.6        5.93
                                      --------------------------------------
                                         67.4 - 72.0         4.6        0.58
----------------------------------------------------------------------------
PIN14-07            RC     -90   202.7 140.2 - 152.4        12.2        1.23
----------------------------------------------------------------------------
PIN14-08          Core     -90    82.9   10.7 - 47.3        36.6        1.23
----------------------------------------------------------------------------
                             Including   38.6 - 43.6         5.0        5.62
----------------------------------------------------------------------------
PIN14-09            RC     -90   190.5 138.7 - 153.9        15.2        0.42
----------------------------------------------------------------------------
PIN14-11            RC     -90   213.4   83.8 - 88.4         4.6        0.51
----------------------------------------------------------------------------
                             Including 108.2 - 173.7        65.5        0.90
                                      --------------------------------------
                                       112.8 - 126.5        13.7        2.51
                                      --------------------------------------
                                       207.3 - 210.4         3.1        0.40
----------------------------------------------------------------------------
(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.                                                          

Mac Jackson, Gold Standard's Vice President of Exploration stated, "We are very pleased with our recent drill results and the exploration potential we are recognizing through ongoing geologic work at Pinion. Results from these five holes indicate that the collapse breccia hosted oxide gold zone at Pinion is very widespread and continuous with the system open in several directions. The intercepts in PIN14-06 and PIN14-11 demonstrate that breccia development and mineralization thicken and strengthen adjacent to high angle fault zones and fault intersections. Gravity, mapping, geochemical sampling, relogging and cross section interpretation have identified additional targets that will be tested in Phase 2 drilling 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 Gold Standard 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.

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 exploration programs 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

Contacts:
Gold Standard Ventures Corp.
Jonathan Awde
President
604-669-5702
[email protected]
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
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...