Exploration Program For Railroad-Pinion Project

 

VANCOUVER - Gold Standard Ventures Corp. reported plans for the 2017 exploration program on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend.  The US$15.5 million program includes up to 48,800 m of reverse-circulation (RC) and core drilling in a total of 117 holes.

The 2017 program objectives are: (1) aggressive drilling at the North Dark Star oxide gold discovery to follow up 2016 successes; (2) drilling to expand known resources at Dark Star and Pinion; and (3) drilling to test new high-value targets within the Dark Star Corridor, North Bullion and elsewhere within the Railroad-Pinion District. The budget also includes an extensive pre-development component including new resource estimates, further metallurgical work and economic studies to de-risk key assets. Funding for this program was obtained in a private placement financing dated October 28, 2016.

Jonathan Awde, CEO and Director of Gold Standard commented: “Railroad-Pinion has now become a truly district-scale play with multiple deposits of different types. Each year, we set out to find the limits of the gold systems we have discovered and each year we end up with new opportunities that exceed our expectations. We think 2017 will be no different. We believe we have found the right balance between expanding and advancing resources at known deposits and continuing to evaluate the many new targets that have emerged over the past year. This should be a very exciting next few months.”

At North and West Dark Star, complete up to 24 reverse-circulation (RC) and core holes (approximately 12,600 m) to expand areas of known shallow oxide gold mineralization and test new targets stepping out from intercepts of 52.1m of 1.04 g Au/t in DS16-26 and 24.4m of 2.03 g Au/t in DS16-38, to the west of Main Dark Star.  Mineralization in DS16-26 and DS16-38 is associated with a thrust fault and feldspar porphyry dikes.  To refine the geometry of this target, and potential targets between Pinion and Dark Star, multiple seismic lines are planned for 2017.

Within the 6.7 km-long Dark Star Structural Corridor, complete about 11,400 m of RC scout drilling in 25 holes to test new targets south of the Dark Star maiden resource.   The Dark Star Structural Corridor is a north-trending structural high of altered Pennsylvanian-Permian host rocks defined by gravity, CSAMT, geologic mapping, and soil sampling.  The corridor is largely untested by drilling.