By The Gold Report
Source: Streetwise Reports 07/11/2017
An NI-43-101-compliant resource estimate for the Dark Star gold deposit, part of this company’s 100%-owned Railroad-Pinion Project, beat one analyst’s expectations and was called a “good start” by another.
In a June 29 press release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) reported “an Indicated Mineral Resource of 15.38 million tonnes grading 0.54 grams per tonne (g/t) gold (Au), totaling 265,100 ounces of gold, and an Inferred Resource of 17.05 million tonnes grading 1.31 g/t Au, totaling 715,800 ounces of gold, using a cut-off grade of 0.20 g Au/t.”
Brian Szeto, an analyst with PI Financial, provided this assessment of the company’s news in a June 29 research report. “Total resources at Dark Star [have] increased from 375Koz (at 0.51 g/t gold) to 981Koz (at 0.94 g/t gold) which represents an 85% increase in grades and 162% increase in overall ounces. . .we highlight that this resource update includes an initial resource from the high grade North Dark Star zone which hosts a resource of 716Koz (at 1.31 g/t gold) which came in better than our expectations of 500Koz (at ~1.5 g/t gold).”
Macquarie Securities Group’s Michael Gray summed it up this way in a June 29 Morning Notes brief: “Good start/initial resource for the New Dark Star oxide complex. . .the resource does not include any sulphides, was estimated at a $1250 gold price with a 0.20g/t cut off. We have modelled 1.35moz at 1g/t and expect infill/expansion drilling to grow the resource. GSV plans +12km drilling in 2017 and has just received drill permits.”
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Szeto also noted that “mineralization still remains open in a number of directions.” The Railroad-Pinion project lies on Nevada’s productive Carlin Trend.
“Overall, we view this resource update positively given the substantial increase in resources where the initial resource from North Dark Star also came in substantially better than expected,” Szeto stated. “In addition, since North Dark Star will likely be the high grade starter pit, this will also have positive implications to the overall economics of the project. . .Looking forward, with the gold inventory of the project now achieving 500 critical mass, we believe Gold Standard will now begin the process of completing a PEA in Q317.”
“Our discovery of North Dark Star in 2015 has made an important tonnage contribution to this resource estimate at a very desirable grade,” Jonathan Awde, CEO and director of Gold Standard, stated in the company’s press release. “We are very confident that this estimate will grow with this year’s aggressive drill program.”
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Disclosure:
1) Tracy Salcedo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Brian Szeto, an analyst with PI Financial, provided this assessment of the company's news in a June 29 research report. Total resources at Dark Star [have] increased from 375Koz (at 0.51 g/t gold) to 981Koz (at 0.94 g/t gold) which represents an 85% increase in grades and 162% increase in overall ounces. . .we highlight that this resource update includes an initial resource from the high grade North Dark Star zone which hosts a resource of 716Koz (at 1.31 g/t gold) which came in better than our expectations of 500Koz (at ~1.5 g/t gold).
Macquarie Securities Group's Michael Gray summed it up this way in a June 29 Morning Notes brief: Good start/initial resource for the New Dark Star oxide complex. . .the resource does not include any sulphides, was estimated at a $1250 gold price with a 0.20g/t cut off. We have modelled 1.35moz at 1g/t and expect infill/expansion drilling to grow the resource. GSV plans +12km drilling in 2017 and has just received drill permits.
Szeto also noted that mineralization still remains open in a number of directions. The Railroad-Pinion project lies on Nevada's productive Carlin Trend.
Overall, we view this resource update positively given the substantial increase in resources where the initial resource from North Dark Star also came in substantially better than expected, Szeto stated. In addition, since North Dark Star will likely be the high grade starter pit, this will also have positive implications to the overall economics of the project. . .Looking forward, with the gold inventory of the project now achieving 500 critical mass, we believe Gold Standard will now begin the process of completing a PEA in Q317.
Our discovery of North Dark Star in 2015 has made an important tonnage contribution to this resource estimate at a very desirable grade, Jonathan Awde, CEO and director of Gold Standard, stated in the company's press release. We are very confident that this estimate will grow with this year's aggressive drill program.
Read what other experts are saying about:
Gold Standard Ventures Corp.
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Disclosure: 1) Tracy Salcedo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures Corp. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article."}
Additional Disclosures for this Content
Disclosures from PI Financial, Gold Standard Ventures Corp., Corporate Update, June 29, 2017
Analyst Certification: I, Brian Szeto, hereby certify that all of the views expressed in this report accurately reflect my personal views about the subject securities or issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly related to the specific recommendations or views expressed in this report. I am the research analyst primarily responsible for preparing this report.
Research Disclosures:
1) PI Financial Corp. and its affiliates’ holdings in the subject company’s securities, in aggregate exceeds 1% of each company’s issued and outstanding securities. No
2) The analyst(s) responsible for the report or recommendation on the subject company, a member of the research analyst’s household, and associate of the research analyst, or any individual directly involved in the preparation of this report, have a financial interest in, or exercises investment discretion or control over, securities issued by the following companies. No
3) PI Financial Corp. and/or its affiliates have received compensation for investment banking services for the subject company over the preceding 12-month period. Yes
4) PI Financial Corp. and/or its affiliates expect to receive or intend to seek compensation for investment banking services from the subject company. Yes
5) PI Financial Corp. and/or its affiliates have managed or co-managed a public offering of securities for the subject company in the past 12 months. No
6) The following director(s), officer(s) or employee(s) of PI Financial Corp. is a director of the subject company in which PI provides research coverage. No
7) A member of the research analyst’s household serves as an officer, director or advisory board member of the subject company. No
8) PI Financial Corp. and/or its affiliates make a market in the securities of the subject company. No
9)Company has partially funded previous analyst visits to its projects. Yes
10) Additional disclosure: No
Disclosures from Macquarie Morning Note, June 29, 2017
Disclosures available here.
Macquarie Capital (USA) Inc. or one of its affiliates, expects to receive or intends to seek compensation for investment banking services from Gold Standard Ventures Corp in the next three months.
MACQUARIE CAPITAL MARKETS CANADA LTD./MARCHÉS FINANCIERS MACQUARIE CANADA LTÉE. or one of its affiliates has provided Gold Standard Ventures Corp with investment advisory services in the past 24 months, for which it received compensation.
MACQUARIE CAPITAL MARKETS CANADA LTD./MARCHÉS FINANCIERS MACQUARIE CANADA LTÉE. or one of its affiliates managed or co-managed a public offering of securities of Gold Standard Ventures Corp in the past 12 months, for which it received compensation.
MACQUARIE CAPITAL MARKETS CANADA LTD./MARCHÉS FINANCIERS MACQUARIE CANADA LTÉE. or one of its affiliates has provided Gold Standard Ventures Corp with investment advisory services in the past 24 months, for which it received compensation.
Target Price Risk: Any inability to compete successfully in their markets may harm the business. This could be a result of many factors which may include geographic mix and introduction of improved products or service offerings by competitors. The results of operations may be materially affected by global economic conditions generally, including conditions in financial markets. The company is exposed to market risks, such as changes in interest rates, foreign exchange rates and input prices. From time to time, the company will enter into transactions, including transactions in derivative instruments, to manage certain of these exposures.