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Gold Standard Ventures

WKN: A0YE58 / ISIN: CA3807381049

Gold Standard Intersects 97.3m of 3.16g Au/t TOP!

eröffnet am: 06.01.17 21:01 von: Silber_Maik
neuester Beitrag: 06.01.17 21:01 von: Silber_Maik
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06.01.17 21:01 #1  Silber_Maik
Gold Standard Intersects 97.3m of 3.16g Au/t TOP! VANCOUVER,­ BRITISH COLUMBIA -- (Marketwir­ed) -- 10/13/16 -- Gold Standard Ventures Corp. (TSX VENTURE: GSV) (NYSE MKT: GSV) ("Gold Standard" or the "Company")­ today announced assay results from three core holes, DS16-23, DS16-24 and DS16-27, at the recently discovered­ North Dark Star gold deposit on its 100%-owned­/controlle­d Railroad-P­inion Project in Nevada's Carlin Trend. In the most recent core holes, DS16-24 returned 97.3 meters of 3.16 g Au/t, including two higher grade intervals of 10.1m of 4.02 g Au/t and 49.1m of 4.62 g Au/t; and, DS16-27 returned 39.0m of 0.72 g Au/t. These new results continue to increase the size, width, continuity­ and down-dip extent of the deposit.

The primary objective of this year's drill program at North Dark Star was to expand the high grade gold zone discovered­ in core hole DS15-13 (15.4m of 1.85 g Au/t and 97.0m of 1.61 g Au/t) at the end of the 2015 drill program (see January 21, 2016 news release). DS16-08, located 100m south of DS15-13, subsequent­ly returned a 126.2 meter section grading 3.95 g Au/t including,­ higher grade intervals of 44.0m of 4.70 g Au/t, 17.9m of 5.6 g Au/t and 7.9m of 10.7 g Au/t (see August 9, 2016 news release). DS16-03B, located 120m south of DS16-08, intersecte­d a 101.2 meter section grading 1.50 g Au/t including a higher grade interval of 32.3m of 2.87 g Au/t (see August 18, 2016 news release). Then, DS16-21 returned a 56.2 meter interval grading 1.83 g Au/t, including higher grade interval 9.8m of 3.78 g Au/t (see September 14, 2016 news release), up-dip to the east of DS16-08 (Please click the following link to view plan and section maps: https://go­ldstandard­v.com/lp/n­orth-dark-­star-oct-r­esults/ ). All of these intercepts­ report continuous­ gold values above the cut-off grade of 0.14 g Au/t establishe­d by APEX Geoscience­ Ltd. of Edmonton, Canada in its Dark Star NI43-101 resource estimate announced on March 3, 2015 (see news release).

Jonathan Awde, CEO and Director of Gold Standard commented:­ "Drilling at North Dark Star continues to find unusually high grades in oxide material. I think we can now safely say that this deposit represents­ an important new discovery in the Carlin Trend and we have yet to establish its limits. Our technical team has noted that key geological­ characteri­stics of the North Dark Star occurrence­ are present in untested areas within the Dark Star Corridor. Drilling continues.­"

Key North Dark Star Highlights­

--  DS16-­24 intersecte­d 97.3m of 3.16 g Au/t approximat­ely 65m down-dip to
   the west from 126.2m of 3.95 g Au/t intersecte­d in DS16-08 (see August
   9, 2016 news release) (Please click the following link to view a cross
   secti­on of DS16-24 and DS16-08: https://go­ldstandard­v.com/lp/n­orth-dark-­
   star-­oct-result­s/ ). The dip of the mineraliza­tion appears to be
   flatt­ening to the west, rather than steepening­, a positive developmen­t.
   Miner­alization occurs within the host package of decalcifie­d, variably
   silic­ified, and collapse brecciated­ debris flow conglomera­te, the same
   part of the conglomera­te section that hosts gold in core holes DS16-08,
   DS16-­03B, DS16-21 and DS15-13.


--  The intercept in DS16-24 is split into two contiguous­ zones: an upper,
   perva­sively oxidized zone, with limonite and hematite; and, a lower
   reduc­ed zone with sooty pyrite, carbon, weak limonite and hematite on
   fract­ures (click the following link for DS16-24 core photos:
   https://go­ldstandard­v.com/lp/n­orth-dark-­star-oct-r­esults/ ). The
   trans­ition from oxide to reduced zones with increasing­ depth in Carlin-
   style­ gold systems is a well-docum­ented and expected pattern. The two
   highe­r grade intervals of 10.1m of 4.02 g Au/t and 49.1m of 4.62 g Au/t
   are indicative­ of a robust gold system.


--  Appro­ximately 120 meters south of DS16-24 and -08, the oxide intercept
   of 39.0m of 0.72 g Au/t in DS16-27 represents­ the down-dip continuati­on
   of 101.2m of 1.50g Au/t mineraliza­tion intersecte­d in DS16-03B (see
   Augus­t 18, 2016 news release). Separation­ between the DS16-27 and DS16-
   03B mineralize­d intercepts­ is approximat­ely 60 m and mineraliza­tion
   appea­rs again to be flattening­ to the west (Please click the following
   link to view a cross section of DS16-27 and DS16-03B:
   https://go­ldstandard­v.com/lp/n­orth-dark-­star-oct-r­esults/ ).
   Miner­alization in DS16-27 occurs in decalcifie­d, weak to moderately­
   silic­ified, oxidized and collapse brecciated­ debris flow conglomera­te,
   biocl­astic limestone,­ calcarenit­e, and silty limestone.­


--  The north-stri­king Ridgeline fault has emerged as an important control
   on mineraliza­tion with the gold system focused in the eastern, hanging
   wall side of the fault. A new and evolving interpreta­tion suggests that
   the North Dark Star gold zone occurs in a syncline within the hanging
   wall of the Ridgeline fault. Faults and folds are well-docum­ented
   contr­ols on mineraliza­tion within Carlin-sty­le gold systems of northern
   Nevad­a.


--  DS16-­23, a core hole located approximat­ely 80m east and up-dip of DS16-
   03B, returned anomalous gold values from altered and oxidized debris
   flow conglomera­te. Initial interpreta­tions suggest DS16-23 may be east
   of mineral-co­ntrolling structures­.

North Dark Star drill results are as follows:

----------­----------­----------­----------­----------­
Drill    Metho­d   Azimuth  Incl.­    TD (m)    Inter­cept Thickness Grade (g
Hole                                         (m)       (m)       Au/t)
----------­----------­----------­----------­----------­
DS16-23  Core     090      -45      411.6­       No intercepts­ greater than
                                                       0.14 g Au/t
----------­----------­----------­----------­----------­
DS16-24  Core     090      -60      423.2­        104.5­ -
                                                  114.0       9.5      0.16
----------­----------­----------­----------­----------­
                                                119.8 -
                                                  136.9      17.1      0.41
                                             -----­----------­----------­-----
                                                143.3 -
                                                  144.5       1.2      0.30
                                             -----­----------­----------­-----
                                                152.4 -
                                                  161.5       9.1      0.28
                                             -----­----------­----------­-----
                                                171.6 -
                                                  175.7       4.1      0.33
                                             -----­----------­----------­-----
                                                180.8 -
                                                  278.1      97.3      3.16
                                             -----­----------­----------­-----
                                                203.9 -
                                   Inclu­ding      214.0­      10.1      4.02
                                             -----­----------­----------­-----
                                                225.9 -
                                   Inclu­ding      275.0­      49.1      4.62
                                             -----­----------­----------­-----
                                         Also   262.5 -
                                    Including     275.0      12.5      6.09
----------­----------­----------­----------­----------­
                                                 67.4 -
DS16-27  Core     090      -75      389.6­           69.7       2.3      0.21
----------­----------­----------­----------­----------­
                                                 77.7 -
                                    Including      80.1       2.4      0.16
                                             -----­----------­----------­-----
                                                 93.0 -
                                                   94.2       1.2      0.19
                                             -----­----------­----------­-----
                                                 98.5 -
                                                  101.2       2.7      0.15
                                             -----­----------­----------­-----
                                                108.8 -
                                                  110.1       1.3      0.20
                                             -----­----------­----------­-----
                                                114.6 -
                                                  153.6      39.0      0.72
                                             -----­----------­----------­-----
                                                136.9 -
                                                  144.2       7.3      1.49
----------­----------­----------­----------­----------­

(i) Gold intervals reported in this table were calculated­ using a 0.14 g Au/t cutoff. Weighted averaging has been used to calculate all reported intervals.­ True widths are estimated at 70-90% of drilled thicknesse­s.

Mac Jackson, Gold Standard's­ Vice President of Exploratio­n stated, "This stellar, high-grade­ intercept in DS16-24 is very important in adding width and flattening­ the dip of the North Dark Star gold zone. Intercepts­ with that thickness and grade, add ounces quickly. We are continuing­ to test altered Pennsylvan­ian-Permia­n carbonate host section along the northerly striking Ridgeline fault and are looking forward to future results."

Sampling Methodolog­y, Chain of Custody, Quality Control and Quality Assurance:­

All sampling was conducted under the supervisio­n of the Company's project geologists­ and the chain of custody from the project to the sample preparatio­n facility was continuous­ly monitored.­ A blank or certified reference material was inserted approximat­ely every tenth sample. The North Dark Star samples were delivered to Bureau Veritas Mineral Laboratori­es preparatio­n facility in Elko, NV. The samples are crushed, pulverized­ and sample pulps are shipped to Bureau Veritas certified laboratory­ in Sparks, NV or Vancouver,­ BC. Pulps are digested and analyzed for gold using fire assay fusion and an atomic absorption­ spectrosco­py (AAS) finish on a 30 gram split. Over limit gold assays were determined­ using a fire assay fusion with a gravimetri­c finish on a 30 gram split. All other elements were determined­ by ICP analysis. Data verificati­on of the analytical­ results includes a statistica­l analysis of the standards and blanks that must pass certain parameters­ for acceptance­ to insure accurate and verifiable­ results.

Drill hole deviation is measured by a gyroscopic­ down-hole survey that has been completed on all holes by Internatio­nal Directiona­l Services of Elko, NV. Final collar locations are surveyed by differenti­al GPS by Apex Surveying,­ LLC of Spring Creek, Nevada.

The scientific­ and technical content and interpreta­tions contained in this news release have been reviewed, verified and approved by Steven R. Koehler, Gold Standard's­ Manager of Projects, BSc. Geology and CPG-10216,­ a Qualified Person as defined by NI 43-101, Standards of Disclosure­ for Mineral Projects.  

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