Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release that further drill results from Dark Star showed an intersection of thick, near-surface intervals of oxide gold.
"We are extremely pleased with the potential we are unlocking at Dark Star," CEO and Director Jonathan Awde said in the release.
These findings are from 37 reverse circulation infill and stepout holes, part of phase 1 drilling in the southern portion of the Dark Star deposit at the company's Railroad-Pinion project in Nevada.
These just-announced drill results showed 11 infill holes on Dark Star's east side confirmed thick zones of oxide mineralization starting at the current topographic surface. Highlight assays included 1.8 meters (1.8m) of 0.73 grams per ton (0.73 g/t) gold (Au), including 13.7m of 1.58 g/t Au in hole DR19-37; and 42.7m of 0.50 g/t Au, including 6.1m of 1.15 g/t Au in hole DR19-46.
The phase 1 infill efforts so far confirmed the "outstanding grades and thicknesses of the central and eastern portions of the Dark Star deposit," Awde added. This ultimately should increase the resource size and allow for resource conversion to the Measured and Indicated category.
Stepout holes to the south hit near-surface, oxide mineralization that remains open. For example, hole DR19-38 intersected 13.7m of 0.95 g/t Au. Phase 1 stepout drilling to date further expanded the resource potential to the south and west.
Results from the remaining 30 holes of the Dark Star phase 1 drill program are pending. These include assays from new drilling to the north, an area Gold Standard believes holds the greatest upside potential.The company plans to also test the emerging sulfide target under the oxide mineralization in that area.
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