Gold Standard Completes Consolidation of Bald Mountain Land Position & Provides Exploration Update
01 Aprile 2014 - 1:30PM
Marketwired
Gold Standard Completes Consolidation of Bald Mountain Land
Position & Provides Exploration Update
Prospective Oxide Gold Targets at Railroad-Pinion, Nevada
Project to Be Drilled This Year
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 1, 2014) - Gold
Standard Ventures Corp. (TSX-VENTURE:GSV)(NYSEMKT:GSV)(NYSE
Amex:GSV) ("Gold Standard" or the "Company")
(www.goldstandardv.com) reported today that the consolidation of
its land holdings in the Railroad-Pinion district, of Nevada's
Carlin Trend, enables the Company to proceed with the exploration
of its third major target at Railroad-Pinion - the Bald Mountain
oxide, breccia-hosted gold target discovered in its 2013 drill
program.
The Railroad-Pinion Project is a uniquely target-rich setting
which remains predominantly untested. However, Gold Standard has
prioritized three advanced targets for further work this year-the
newly acquired Pinion oxide gold deposit, the North Bullion deposit
and the Bald Mountain oxide-gold target (please go to
http://www.goldstandardv.com/railroad-pinion-target-map-2014.png to
see target map). A thorough evaluation of the large data set
obtained in the Pinion acquisition is underway; a release on Gold
Standard's observations and conclusions, including a proposed drill
plan designed to upgrade the historical Pinion deposit to the
standards of NI 43-101, is expected in the next month. At North
Bullion, the most recent drilling in late 2013 found a promising
WNW-striking structure in the lower breccia zone, where a high
grade gold system continues to evolve. In the Carlin Trend, WNW
faults commonly act as feeders for high grade mineralization.
Further evaluation of this structure is in progress, which is
expected to lead to further drilling this year.
The Bald Mountain target first became available for work in 2013
with the purchase of three patented claims covering an area where
previous RC drilling by Kinross, in 1998 and1999, had generated
positive results. The first hole drilled by Gold Standard in this
area, vertical core hole RRB13-1, intersected 56.1 meters of 1.47 g
Au/T, including an internal interval of 7.3 meters of 5.66 g Au/T
(see news release of October 2, 2013). Importantly, this gold
intercept is hosted entirely in oxidized collapse breccia with
quartz hornfels clasts and represents the most significant oxidized
gold mineralization found to date in the northern Railroad-Pinion
project area. Confirming this observation, preliminary
metallurgical tests performed for Gold Standard by Inspectorate
Labs of Reno, Nevada, reported an average 82.2% recovery of gold
from drill core samples after one hour of cyanide agitation leach
(see news release of January 23, 2014). Immediately below the gold
intercept, RRB13-1 intersected a separate copper zone returning
23.3 meters of 0.4% copper as well as four narrower but high-grade
intercepts of other base metals and silver including a 1.5 meter
intercept of 763.8 grams of silver per tonne, 1.6% copper, 11.8%
lead and 2.43% zinc.
The Bald Mountain occurrence has a geochemical surface
expression of approximately 500 meters by 2,000 meters, confirmed
by 120 rock chip and 402 scoop samples taken during 2013 and
correlating with an east-west oriented gravity low. Rock samples
yielded from <0.2 to 0.911 ppm gold - average 0.023ppm, <0.2
to 449 ppm silver - average 7.4ppm, <1ppm to 38% copper -
average 0.55%, <2ppm to 6% lead - average 0.09%, and <2 to
0.87% zinc - average 0.05% (please go to
http://goldstandardv.com/rock-and-soil-samples/ for updated rock
and soil sample maps). Scoop sampling identified four areas with
anomalous gold. Based on the available data, it appears the
mineralized zone, intersected in RRB13-1, shallows to the east. A
100% interest in the claims covering this highly prospective area
has now been acquired - opening the way for an expanded drill
program this year, following the Pinion program.
Gold Standard President and CEO, Jonathan Awde, commented that,
"This is an important development for our company. We have had a
strong interest in the Bald Mountain area for many years,
recognizing its potential to host a large, near surface deposit
close to infrastructure. With the Pinion acquisition and related
claims work completing our ownership of this area, we are now in a
position to make Bald Mountain our third main target, with an
aggressive follow-up of RRB13-1 planned for this year. We expect to
use cost-effective RC drilling in the initial stages to quickly and
efficiently establish the potential size of the deposit and its
suitability for bulk mining."
The scientific and technical content and interpretations
contained in this news release have been reviewed, verified and
approved by Steven R. Koehler, Gold Standard's Manager of Projects,
BSc. Geology and CPG-10216, a Qualified Person as defined by NI
43-101, Standards of Disclosure for Mineral Projects.
ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced
stage gold exploration focused on district scale discoveries in
Nevada. The Company's flagship project, the Railroad-Pinion Gold
Project, is located within the prolific Carlin Trend. The recent
Pinion gold deposit acquisition offers GSV a potential near-term
development option and further consolidates the Company's premier
land package in the Carlin Trend. Gold Standard is moving towards
building NI 43-101 compliant gold resources at both the near
surface, oxide-gold Pinion deposit and the classic Carlin style,
North Bullion gold deposit in 2014.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) nor
the NYSEMKT accepts responsibility for the adequacy or accuracy of
this news release.
On behalf of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions. Such
forward-looking statements reflect management's current beliefs and
are based on assumptions made by and information currently
available to the Company. All statements, other than statements of
historical fact, included herein including, without limitation,
statements about our current drill plans are forward looking
statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other
future events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
following risks: operational risks associated with mineral
exploration; unanticipated geological formations, fluctuations in
commodity prices; title matters; and the additional risks
identified in our filings with Canadian securities regulators on
SEDAR in Canada (available at www.sedar.com) and with the SEC on
EDGAR (available at www.sec.gov/edgar.shtml). Furthermore, the
existence of gold deposits on nearby properties is not necessarily
indicative of the mineralization on our properties. These
forward-looking statements are made as of the date hereof and,
except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances.
Gold Standard Ventures Corp.Jonathan
AwdePresident604-669-5702info@goldstandardv.comwww.goldstandardv.com
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