Gold Standard Expands Resource Potential at Pinion

Gold Standard Ventures Corp. (TSX:GSV) reported on the status of the 2018 infill drilling program at the Pinion oxide gold deposit on its 100 percent-owned/controlled Railroad-Pinion project in Nevada’s Carlin Trend.

Highlights are as follows:

• On the southwest side of Pinion, PR18-52 intersected 22.9 meters of 1.17 grams of gold, including 12.2 meters of 1.73 grams of gold; PR18-29 intersected 32.0 meters of 0.68 grams of gold, including 10.7 meters of 1.38 grams of gold; and PR18-42 intersected 22.9 meters of 0.53 grams of gold. These intercepts are near-surface, higher-grade than predicted by the resource model, and are outside of the west highwall of the resource pit.  Collectively, these drill intercepts suggest near-surface, oxide resource expansion potential exists to the southwest of the deposit. 

• Also, on the southwest side of Pinion, PR18-47 intersected 12.2 meters of 1.62 grams of gold, including 6.1 meters of 2.74 grams of gold; PR18-60 intersected 18.3 meters of 1.20 grams of gold, including 6.1 meters of 2.62 grams of gold; PR18-27 intersected 10.7 meters of 2.96 grams of gold; PR18-22 intersected 16.8 meters of 1.35 grams of gold; and PR18-48 intersected 15.2 meters of 0.91 grams of gold, including 4.6 meters of 1.95 grams of gold. These intercepts are near-surface, higher-grade than predicted by the resource model, and have higher AuCN ratios (73-87 percent) than currently modeled.  AuCN ratios are a first-pass estimate of the potential gold recovery and ratios >70 percent are indicative of an oxide deposit.

• Along strike to the southeast of the Main Zone, PR18-26 intersected 77.7 meters of 0.77 grams of gold, including 19.8 meters of 1.49 grams of gold. The intercept is thicker and higher-grade than predicted by the resource block model.
• Along strike to the northwest of the main zone, PR18-45 returned 50.3 meters of 0.60 grams of gold, including 18.3 meters of 1.10 grams of gold. Mineralization begins at the topographic surface, and is thicker and higher-grade than predicted by the resource block model.

Jonathan Awde, CEO and director, commented:

This year’s very ambitious drill program remains on time and within budget thanks to good planning and execution by our team. At every step of the way, we see confirmation of the size and strength of the mineralizing system on our claims in south Carlin. The results from infill drilling are more than meeting expectations but we believe the best upside surprises are likely to come from the exploration drilling which is now getting underway.

This year’s US$25.8 million program includes an estimated 74,800 meters of RC and core drilling in 381 holes. Of this amount, Dark Star and Pinion infill drilling is expected to account for approximately 40,800 meters in 296 holes while exploration should add another 34,000 meters of drilling in 85 holes.

Click here to read the full Gold Standard Ventures Corp. (TSX:GSV) press release.