Gold Standard Ventures Corp ( TSXV : GSV )
Gold Standard Intersects 149.4m of 1.38 g Au/t 510m North of the Dark Star Oxide Gold Deposit, Carlin Trend Nevada
Hole DS15-10 Upgrades Dark Star from Satellite Deposit to Potentially Major Growth Opportunity
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2015) - Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company) today announced assay results from five reverse-circulation (RC) holes drilled in the 2015 Phase 2 program at the Dark Star oxide gold deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. Four of the five holes returned significant intercepts containing 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). Results include multiple oxide intercepts grading above one gram per tonne and are highlighted by a thicker zone of 149.4 meters of 1.38 grams gold per tonne (g Au/t).
The DS15-10 intercept represents the discovery of a new gold zone that is thicker and higher grade by an order of magnitude than anything drilled to date at Dark Star.
Jonathan Awde, CEO and Director of Gold Standard commented: "These results fundamentally change the character and potential of the Dark Star Deposit. In the short term, we anticipate significant resource expansion at Dark Star. In the bigger picture, we now see the Dark Star Structural Corridor emerging as a major feature of the district that could extend for many hundreds of meters north and south of the known resource."
Drilling also continues on the Pinion Deposit and the North Bullion Deposit. Additional targets are also being evaluated.