Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) has released results from 24 core holes at the Pinion oxide gold deposit on its 100%-owned and controlled Railroad-Pinion project in Nevada's Carlin Trend.
"Among the better intersections were 15.6m of 3.26 g Au/t, 14.9m of 2.35 g Au/t, 20.1m of 1.36 g Au/t, and 84.8m of 0.86 g Au/t in three different holes," stated the company. "These results continue to confirm lateral continuity to oxide gold mineralization and resource expansion potential on the east side of the deposit. The 2018 infill and geotechnical program included 13,111m of drilling in 127 holes. The program was designed to reduce drill spacing to approximately 30m in critical portions of the deposit and provide additional core for metallurgical and HPGR testing."
Gold Standard has reported results for 124 of the 127 holes that have been completed.
Pinion is now one of five gold deposits being advanced by Gold Standard Ventures on its Railroad-Pinion Project, including Dark Star, Jasperoid Wash, Dixie and North Bullion, four of which are discoveries made by the company.
"We are very satisfied with the progress we have made this year on the Pinion deposit, said Jonathan Awde, CEO and director of Gold Standard. "Excellent continuity in the infill drilling should enable us to move a significant portion of the existing inferred resource to measured and indicated. Like the Dark Star deposit, Pinion is showing greater depth potential than we expected as well as the potential for further resource expansion to the east. We are confident that our upcoming Preliminary Economic Assessment will demonstrate a robust economic return in the current gold price environment."
"In the eastern portion of Pinion, PC18-06 intersected 15.6m of 3.26 g Au/t, including 8.2m of 4.06 g Au/t," the company reported. "The oxide intercept is open at depth, where the hole bottomed in 2.49 g Au/t at 100.0m."
PC18-18 intersected 22.0m of 0.72 g Au/t, including 4.0m of 1.86 g Au/t. The oxide intercept is open at depth, where the hole bottomed in 0.53 g Au/t at 170.7m. "These results may positively impact the strip ratio of the current east highwall of the resource pit," the news release stated.
"PC18-25 intersected 84.8m of 0.86 g Au/t, including 11.9m of 3.16 g Au/t," Gold Standard noted. "The oxide intercept is thicker and higher-grade than predicted by the resource model and open at depth, where the hole bottomed in 0.87 g Au/t at 152.4m."
In the northern portion of the Pinion drill site, PC18-07 intersected 14.9m of 2.35 g Au/t, including 6.1m of 4.51 g Au/t, and 20.1m of 1.36 g Au/t, including 7.9m of 2.70 g Au/t . These shallow oxide intercepts are higher-grade than predicted by the current resource model.
Don Harris, Gold Standard's senior development geologist, commented, "2018 development drilling at Pinion has been completed and we are now moving forward with an updated geology and grade model. Results of the updated models will be incorporated with metallurgical testing to provide the foundation for the resource estimate in the PEA. In addition to the PEA, GSV has initiated hydrologic, pit slope, and facility geotechnical studies, and baseline permitting activity to start moving the South Railroad Project towards a viable potential mining scenario."
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