Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) delineated another oxide gold target with further exploration potential at its Railroad-Pinion project in Nevada's Carlin Trend.
The new LT target, 3 kilometers north-northwest of the company's Pinion deposit, was revealed in the results of 70 surface rock samples taken from a 400 meter by 200 meter area.
Assay highlights included 12.9, 11.2, 6.65 and 4.5 grams per ton gold. The values overall spanned from less than 0.005 to 12.9 grams per ton gold. In comparison, previous rock sampling in the area ranged from less than 0.005 to 4.99 grams per ton gold.
"LT is further evidence of the robust, district scale of the Railroad-Pinion mineral system. . .we believe that LT is not the last new target we will find this year," CEO and director Jonathan Awde commented in the news release.
He noted LT is located further north and west than any areas Gold Standard has explored on the property to date. It bears the same characteristics of discoveries at Dark Star, Jasperoid Wash and Dixie "but with better surface gold exposure." The release explained that "gold mineralization is hosted in decalcified, silicified and oxidized multilithic dissolution collapse breccia proximal to a north-striking igneous dike."
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