This Vancouver-based company hits high-grade oxide gold at Carlin Trend project in Nevada.
Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported new "exceptional" drill results that "confirm that the Dark Star deposit may be emerging as a major Carlin gold occurrence where a larger-than-expected Ridgeline fault system has played a significant role in concentrating higher grade gold," according to the news release. Dark Star is located on Gold Standard's Pinion-Railroad project in Nevada.
The company announced the results of 19 reverse circulation holes. Three of them, DR18-43, -44 and -45, showed thick, high-grade, oxide gold intercepts that are open at depth.
Specifically, DR18-43 intersected 213.4 meters (213.4m) of 2.39 grams per ton (2.39 g/t) gold (Au), including two higher-grade zones of 41.2m of 5.79 g/t Au and 10.7m of 7.75 g/t Au. The extension of this mineralization at both ends exceeded predictions.
DR18-44 hit multiple zones of oxide mineralization, including 62.5m of 1.22 g/t Au, along with 137.2m of 2.72 g/t Au, including 15.2m of 7.84 g/t Au and 30.5m of 4.68 g/t Au. These results also surpassed expectations with higher grades and thicknesses.
DR18-45 intersected 132.6m of 1.09 g/t Au, including two higher-grade zones of 12.2m of 2.3 g/t Au and 12.2m of 3.56 g/t Au.
Additionally, the northernmost hole, DR18-37, hit two near-surface zones of oxide mineralization, including 30.5m of 0.34 g/t Au and 62.5m of 0.35 g/t Au. These intercepts are of higher grade and thickness than anticipated. Mineralization remains open to the north.
Twelve drill holes in the northern part of Dark Star ended in gold mineralization below that in the resource model and, thus, potentially indicate the resource could be expanded.
"To date, drilling has not yet established a bottom to higher-grade gold zones located proximal to the Ridgeline fault where the gold system remains open to the north, west and at depth," said Steven Koehler, manager of projects. "This openness represents exciting growth potential and these new opportunities will be a focus of drilling later this summer."
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