By The Gold Report
Source: Streetwise Reports 03/06/2019
Infill and stepout drilling on the southern portion of the property also demonstrated resource expansion potential.
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.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
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.
Read what other experts are saying about:
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household 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. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
( Companies Mentioned: GSV:TSX.V; GSV:NYSE,
)
