Jonathan Awde, CEO, reported Gold Standard Ventures Corp. [GSV-TSXV, NYSE MKT] has released assay results from the first three step-out core holes at the recently discovered North Dark Star oxide gold deposit on its 100%-owned/controlled Railroad-Pinion Project, Elko County, at the southeast end of Nevada’s Carlin Trend.
The results significantly increase the size of the North Dark Star deposit while also enhancing its prospective grade and establishing the orientation of a favourable trend supporting the potential for further expansion of the higher-grade zone.
The primary objective of this year’s drill program at North Dark Star was to find a continuation of the high-grade zone discovered in core hole DS15-13 (15.4 metres of 1.85 g/t gold and 97.0 metres of 1.61 g/t gold) at the end of last year’s drill program (see Jan. 21, 2016, news release). DS16-08, located 100 metres south of DS15-13, returned multiple, significant, oxidized intercepts containing gold values above the cut-off grade established in the Dark Star NI 43-101 resource estimate announced on March 3, 2015 (see news release). DS16-08 returned a 126.2-metre section grading 3.95 g/t gold, including higher-grade intervals of 44.0 metres of 4.70 g/t gold, 17.9 metres of 5.6 g/t gold and 7.9 m of 10.7 g/t gold (See company website for assay table, section maps and a drill plan).
Jonathan Awde commented, “North Dark Star is continuing to exceed our expectations and is becoming a major Nevada (Carlin) gold discovery. With these first few holes, we have successfully found the orientation of the thick, high-grade mineralized zone discovered last year. We will now be focusing more of our current drill program on the North Dark Star area while also enhancing access so we can extend the drill season as late as possible. Near-surface, oxide deposits with these grades clearly have outstanding economic potential.”
Key North Dark Star highlights:
DS16-08 intersected a thick, vertically extensive, oxidized intercept of 126.2 metres of 3.95 g/t gold approximately 100 metres south of discovery hole DS15-13. Mineralization occurs in decalcified, variably silicified, pervasively oxidized and collapse brecciated debris flow conglomerate, bioclastic limestone, calcarenite, calcareous sandstone and silty limestone (visit the company’s website for pictures of core).
Oriented core measurements from this hole confirm that the favourable Pennsylvanian-Permian carbonate stratigraphy hosting this mineralization has a northerly strike and is moderately to steeply dipping to the west. Mineralization in DS16-08 comes to within 90 metres of surface and is open in multiple directions. True widths are estimated at 70-90% of drilled thicknesses.
DS16-05, located approximately 50 metres north of DS15-13, intersected multiple zones of oxidized mineralization, including 24.1 metres of 1.28 g/t gold.
DS16-02, located approximately 70 metres east and updip from DS15-13, intersected multiple near-surface zones of oxidized mineralization, including 23.2 metres of 0.72 g/t gold. All of the DS16-02 gold intercepts are less than 50 metres below the topographic surface.
Mac Jackson, Gold Standard’s Vice-President of Exploration, stated, “The outstanding oxide intercept in DS16-08 is nearly triple the grade times thickness of last year’s discovery hole. It clearly demonstrates the strength and potential of the Carlin-style gold system at North Dark Star. In the bigger, regional picture, North Dark Star is strategically located where the Carlin trend intersects a north-trending belt of permeable Penn-Perm carbonate rocks, an excellent host for gold deposits. With these results in our initial offset holes, we are confident there is more gold to be found at North Dark Star and throughout our large, 115-square-kilometre Railroad-Pinion property on the Carlin Trend.”