Gold Stan­dard drills 164.6 m of 2.26 g/t Au at Rail­road

Stockwatch Daily - - MINES & METALS - Mr. Jonathan Awde re­ports

GOLD STAN­DARD Ven­tures Corp. has re­leased re­sults from four in­fill holes at the Dark Star ox­ide gold de­posit on its 100-per­cent-owned/con­trolled Rail­road project in Ne­vada’s Car­lin trend. Re­cent re­sults con­tinue to con­firm the re­source block model and re­duce risk as­so­ci­ated with the project.

In­fill core hole DS17-28 in­ter­sected 68.4 m of 3.35 grams per tonne gold ap­prox­i­mately 70 m north of DS17-20 (136.0 m of 2.67 g/t Au) and ap­prox­i­mately 30 m south of DS16-24, which in­ter­sected 97.3 m of 3.34 g/t Au (see news re­lease dated April 18, 2017). These new re­sults are ex­pected to im­prove the grade of the cur­rent block model in this por­tion of Dark Star.

Jonathan Awde, chief ex­ec­u­tive of­fi­cer and di­rec­tor of Gold Stan­dard, com­mented: “In­fill drilling at Dark Star con­tin­ues to re­turn grades and thick­nesses above our ex­pec­ta­tions based on the cur­rent re­source model. This de­posit is tak­ing shape as a po­ten­tially ex­cep­tional eco­nomic op­por­tu­nity. Drilling is still pro­ceed­ing with five rigs work­ing on Dark Star and sev­eral ex­plo­ration tar­gets through­out the Rail­road project. We are press­ing to get as much done as pos­si­ble while the weather per­mits, and we are ex­cited by the prospects for some of the new areas we are drilling for the first time.”

(See GSV Ta­ble 1 on page 10)

Mac Jack­son, Gold Stan­dard’s vice-pres­i­dent of ex­plo­ration, stated: “These thick, high-grade ox­ide in­ter­cepts at Dark Star out­per­form the cur­rent re­source model, adding grade and in­creas­ing thick­ness. Dark Star is a high-qual­ity, open-pit ox­ide de­posit, and we are likely to find more as we con­tinue to ex­plore the same Penn.-Perm. host sec­tion and struc­tural set­ting mov­ing south on the large land pack­age that we added this year.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Jonathan Charles Ti­mothy Awde, Zara Boldt, Bruce Rod­er­ick McLeod, Robert John McLeod, Alexan­der G Mor­ri­son, James Digby Ron­ald Strauss, Wil­liam Earl II Threlkeld

(GSV) Shares: 233,496,671

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.