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Gold Standard Ventures Corp. (TSXV:GSV,NYSEMKT:GSV) announced 2016 exploration plans for its Railroad-Pinion project, located on the Nevada-based Carlin Trend.
Gold Standard Ventures Corp. (TSXV:GSV,NYSEMKT:GSV) announced 2016 exploration plans for its Railroad-Pinion project, located on the Nevada-based Carlin Trend.
As quoted in the press release:
The program is expected to cost $13.4 million USD and will include approximately 43,000 m of reverse-circulation (RC) and core drilling in a total of 100 holes with the majority of the drilling focused at the Dark Star and Pinion oxide gold deposits.
The program is designed to aggressively follow-up on 2015 drill results at the North Dark Star oxide gold discovery, expand known resources at Dark Star and Pinion, and test new high-value targets at North Bullion and Bald Mountain.
Jonathan Awde, CEO and director of Gold Standard, commented:
The Company is in a strong position financially with no debt and a treasury with over $40 million CAD as a result of recent investments from OceanaGold and Goldcorp. These recent corporate investments are appreciated by the company and a great compliment to the technical work and success we have been able to do in one of the most prolific gold belts in the world. Its going to be a very exciting year for our investors as we undertake aggressive exploration programs in the coming months.
Click here to read the full Gold Standard Ventures Corp. (TSXV:GSV,NYSEMKT:GSV) press release.