Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported in a news release phase 2 results from 18 reverse circulation (RC) drill holes and one core hole from the Dixie deposit and the Arcturus target to the west, both at the Railroad-Pinion project in Nevada.
"Two RC holes at Dixie intersected thick, vertically continuous zones of gold mineralization hosted in pervasively altered and variably oxidized Pennsylvanian-Permian debris flow conglomerate and calcarenite, the same host section as the Dark Star deposit approximately 4 kilometers (4 km) to the north," the release described.
As for highlight holes, DX18-19 demonstrated 118.9 meters (118.9m) of 0.61 grams per ton (0.61 g/t) gold (Au), including two higher-grade zones of 10.7m of 1.49 g/t and 15.2m of 1.32 g/t Au. DX18-26 intersected 137.2m of 0.53 g/t Au including 9.1m of 1.26 g/t Au, and mineralization there remains open along strike. Assays from these two holes represent the thickest intercepts drilled at Dixie so far.
"Dixie is beginning to take shape as another valuable discovery by Gold Standard," CEO and Director Jonathan Awde commented in the release. "Although more work needs to be done, the Dixie deposit is growing in size and grades appear to be improving to the north. Historically, the more we learn about deposits like Dixie, the more we find and the better they get. We also expect to make additional new discoveries in this year’s program."
As for Arcturus, Gold Standard drilled an initial five holes situated about 750m west of Dixie. None of them showed any significant findings.
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