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Gold Standard Ventures Corp. (TSXV:GSV,NYSEMKT:GSV) announced assay results from hole DS15-11. According to the company, they confirm the discovery of a “substantial new, higher grade oxide gold zone” that’s north of the company’s Dark Star deposit.
Gold Standard Ventures Corp. (TSXV:GSV,NYSEMKT:GSV) announced assay results from hole DS15-11. According to the company, they confirm the discovery of a “substantial new, higher grade oxide gold zone” that’s north of the company’s Dark Star deposit, located at its Railroad-Pinion project in Nevada.
As quoted in the press release:
DS15-11, a reverse-circulation (RC) hole drilled 515m north of the Dark Star maiden resource, returned an oxidized zone of 157.0 meters of 1.51 grams gold per tonne (g Au/t) among multiple, significant intercepts containing gold values above the cut-off grade of 0.14 g Au/t established by APEX Geoscience Ltd. of Edmonton, Canada in its Dark Star NI43-101 resource estimate announced on March 3, 2015.
The new gold zone has an order of magnitude better grade and thickness than anything previously drilled at Dark Star. The zone was discovered in hole DS15-10 (see news release dated November 4, 2015) and has now been successfully extended 60 m to the east and 10 m to the north by DS15-11.
Jonathan Awde, CEO and director of Gold Standard, said:
This second, wide, high grade intercept is significant, as it gives dimension to the recently announced new discovery at Dark Star. We feel that we are in the midst of what could turn out to be another major discovery for us in one of the most prolific gold belts in the world. We are also very pleased with the progress in our ongoing Pinion and North Bullion drill programs where we expect to meet all of this year’s objectives for these targets. The next 6 months will be very exciting for Gold Standard shareholders.
Click here to read the full Gold Standard Ventures Corp. (TSXV:GSV,NYSEMKT:GSV) press release.