Gold Standard Begins 2015 Phase 2 Drilling
VANCOUVER, BC - Gold Standard Ventures Corp. reported that second phase of reverse circulation (RC) drilling has commenced on the Pinion gold deposit at its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. The second phase of the 2015 exploration program will focus on the most promising near term targets which emerged in Phase 1 with the aim of adding significant oxide gold resources at Pinion and Dark Star. Phase 2 will also test new high value targets that have been identified over the last year.
Key highlights of the Phase 2 program at Pinon include: Complete up to 10 RC holes (about 3,950 m) offsetting 24.4m of 1.38 g Au/t in PIN15-02 and testing other high potential targets along the highly prospective South Fault zone. This oxidized intercept in PIN15-02 is 150m northwest of the limits of the maiden Pinion resource along the west-northwest-striking South Fault zone, a structural corridor of higher grade gold mineralization parallel to the Main Zone; Drill up to 3 holes (450m) at the new Sentinel target, which is approximately 100m west of the Far North Zone, which is part of the NI43-101 compliant Pinion gold resource estimate; Rock sampling in late 2014 identified an interval of 27.4m of 1.05 g Au/t hosted in breccia along the contact between the Devil's Gate limestone and the underlying Sentinel Mountain dolomite; Gold-bearing alteration extends for 180m along strike at surface. This target has not been drill tested by previous operators; Bottle roll tests will be completed in Phase 2, as a follow up to cyanide soluble recovery results, which averaged 82.4% in oxidized multilithic dissolution collapse breccia, the main gold host at Pinion.
Jonathan Awde, President said, "We are very excited for the second phase of drilling which has just commenced, there are several robust untested targets that could potentially add significant oxide ounces to our existing discovery. We are also very pleased with our mettalurgical results to date and look forward to further test results."