New Gold Assays From Historical Pinion Drill Core
VANCOUVER, BC - Gold Standard Ventures Corp. reported that gold assays of historic Pinion drill holes not previously assayed for gold have yielded positive results including a new interval of 35.4 meters of 1.063 g Au/t (from 13.7 to 49.1 meters) in PN-07-02, and an 8.8 meter extension of an existing gold intercept to 54.3 meters of 0.686 g Au/t (from 43.3 to 97.6 meters) in SB-145. Gold Standard's 100%-owned Pinion Gold Project sits adjacent and immediately to the south of its Railroad Project in Nevada's Carlin Trend.
These shallow core holes were drilled by previous operators in 1996 and 2007 in a roughly north-south alignment for geotechnical and geologic purposes. During Gold Standard's re-logging and data review of the core from 12 core holes obtained in the Pinion acquisition, its geologists identified that 72% of the core had not been assayed for gold. The subsequent new assay data supports two important observations about the Pinion deposit: These results continue to reinforce the significance of collapse breccia as a major gold host-a factor, which was not apparently known to previous operators PN-07-02 bottomed in oxidized and silicified collapse breccia that assayed 1.425 g Au/t, indicating that previous drilling was too shallow to adequately test the potential of the lower breccia zone. Furthermore, three other holes were not drilled deep enough to intersect the lower breccia.