Gold Standard Ventures Releases Resource Estimate for North Bullion Deposit

Gold Standard Ventures (TSXV:GSV,NYSEMKT:GSV) published a resource estimate for the North Bullion deposit at its Railroad-Pinion gold project in Nevada on Thursday (September 21).
It is the first time an estimate has been announced for the deposit. According to the report, North Bullion has a near-surface sulfide inferred mineral resource of 171,400 troy ounces of gold contained in 2.05 million tonnes at an average grade of 2.6 g/t gold.
The report also estimates a deeper sulfide inferred mineral resource at the deposit of 587,700 troy ounces of gold contained in 5.55 million tonnes at an average grade of 3.29 g/t gold.

The Railroad-Pinion asset in Nevada’s Carlin Trend is currently Gold Standard’s main focus, and the company started its largest exploration to date at the project earlier this year.
“Our Carlin resource base continues to grow. The structure and mineralogy of the North Bullion deposit strongly resembles the large gold deposits at the north end of the Carlin Trend,” said Jonathan Awde, CEO and director of Gold Standard, in Thursday’s release.
The maiden mineral resource estimate for North Bullion also includes resource estimates for the Sweet Hollow and POD deposits, which are located north of Railroad-Pinion’s Pinion and Dark Star deposits.
Sweet Hollow and POD have an estimated near-surface oxide indicated mineral resource of 90,100 troy ounces of gold contained in 2.92 million tonnes at an average grade of 0.96 g/t gold.
They also have a near-surface oxide inferred mineral resource of 46,600 troy ounces of gold contained in 3.36 million tonnes at an average grade of 0.43 g/t gold. “[Our] priority remains expanding the shallow oxide deposits which are faster and less costly to develop,” Awde said.
While Railroad-Pinion is Gold Standard’s flagship project, it also holds projects on Nevada’s Battle Mountain Trend, and recently acquired the Lewis project in that location. “[This acquisition] is consistent with our strategy of acquiring district scale, strategic assets during challenging market conditions,” Awde said in a statement this past June.
As of 1:00 p.m. EST, Gold Standard’s share price was trading up 0.48 percent, at $2.08. The company’s share price is down 27.53 percent since January.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.