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

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
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
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 busin...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.