| Four individual surface rock samples returned values ranging from 4.50 g Au/t to 12.90 g Au/t
October 11, 2018 – Vancouver, B.C. – Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today announced surface rock samples have identified another highly prospective oxide gold target, known as the LT target, on Gold Standard’s 100%-owned/controlled Railroad-Pinion project in Nevada’s Carlin Trend. The LT target is located 3 km north-northwest of Gold Standard’s Pinion oxide gold deposit. Highlights include assay values ranging from <0.005 to 12.90 g Au/t, including 12.90 g Au/t, 11.20 g Au/t, 6.65 g Au/t and 4.50 g Au/t in individual rock samples collected from surface outcrops over a 400m by 200m area.
Historic drill results at LT included intercepts of 48.8m of 0.44 g/t Au and 6.1m of 2.80 g/t Au in two drill holes, and surface rock samples ranging from <0.005 to 4.99 g Au/t. These historic results, in conjunction with Gold Standard’s recent surface rock results, prompted a re-examination of the area. Gold mineralization is hosted in decalcified, silicified and oxidized multilithic dissolution collapse breccia proximal to a north-striking igneous dike ( images at the following link - https://goldstandardv.com/lp/lt-target-october-2018-images/). This is the same stratigraphic horizon and style of alteration that hosts the nearby Pinion oxide gold deposit. A geologic mapping program is currently underway to identify the extent of the altered multilithic breccia host and structural controls on the mineralization. This information will be used to develop a 2019 drilling program.
Jonathan Awde, CEO and Director of Gold Standard commented: “LT is further evidence of the robust, district scale of the Railroad-Pinion mineral system. This target is farther north and west than our exploration to date and we are seeing the same characteristics that have marked our discoveries at Dark Star, Jasperoid Wash and Dixie but with better surface gold exposure. I am impressed by our technical team’s ability to apply our growing understanding of how this district was formed and mineralized to quickly qualify new opportunities. We believe that LT is not the last new target we will find this year.”
Key Highlights: - 70 rock samples were collected from altered outcrops over a 400m by 200m area. Eight samples returned values greater than 1.0 g/t Au, and 9 samples returned fire assay values ranging from 0.1 to 1.0 g Au/t. Noteworthy results included 12.90 g Au/t, 11.20 g Au/t, 6.65 g Au/t and 4.50 g Au/t in four individual chip-channel samples. The range for all samples is from <0.005 to 12.90 g Au/t.
- Cyanide solubility assays run on samples >0.10 g Au/t ranged from 64% to 99%, indicating the mineralization is oxide.
- A geologic mapping program is currently underway to identify the extent of the altered multilithic breccia host and structural controls of the area. This information will be used to develop drill targets for 2019.
Robert J. Edie, Gold Standard’s Project Geologist working at LT stated: “The plus 4.0 g Au/t surface samples collected at LT represent a strong hydrothermal system that produces higher-grade gold values. These results support Gold Standard’s dual-track strategy of developing the Dark Star and Pinion oxide deposits while actively evaluating new, early-stage exploration targets. LT is another example of GSV’s ever-growing pipeline of early-stage exploration opportunities in the Railroad District.” |