Gold Standard Ventures Provides Dark Star Exploration Update
April 26 2021 - 8:00AM
Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold
Standard” or the “Company”) today announced drill results from 14
reverse circulation (“RC”) / sonic holes and 5 core holes at the
Dark Star oxide gold deposit
(https://goldstandardv.com/site/assets/files/4489/dark_star_rc_drilling_map.pdf).
Drill holes DR20-01 through DR20-09 were previously released on
November 18, 2020.
Key Exploration Highlights:
- Drill holes DR20-10 through DR20-14
tested for extensions of bedrock mineralization at Dark Star Main.
The oxide mineralization results reported in DR20-12 (57.9m @ 0.68
g Au/t) and DR20-14 (29.0m @ 0.56 g Au/t) continue to demonstrate
that that mineralization remains open to the east at Dark Star
Main.
Jason Attew, President and CEO, commented, “Dark
Star Main remains open to the east and provides an opportunity to
incrementally grow the resource base with further drilling. Any
additional ounces delineated at Dark Star would be economically
attractive given mineralization starts at surface and is planned to
be mined early in the project life.”
Development Highlights:
- Drill holes
DC20-01 through DC20-05 were completed as geotechnical core holes
designed to assess pit wall stability and design. DC20-05 (11.2m @
1.77 g Au/t) did intersect oxide mineralization along the West
Fault.
- Drill holes
DR20-15 through DR20-23, and SS21-13 through SS21-14 were completed
on a zone of gravels east of the Dark Star Main deposit. The gold
grades intersected represent an eroded portion of the Dark Star
Main deposit and are currently being evaluated for utilization /
suitability as over-liner on the proposed heap leach pad.
Dark Star Drill Results:
Drill Hole |
Method |
Azimuth |
Incl. |
TD (m) |
Intercept (m) |
Thickness (m) |
Grade (g Au/t) |
DR20-10 |
RC |
270 |
-70 |
137.2 |
No significant results |
DR20-11 |
RC |
|
-90 |
96.0 |
No significant results |
DR20-12 |
RC |
|
-90 |
140.2 |
0-57.9 |
57.9 |
0.68 |
Including |
30.5-44.2 |
13.7 |
1.32 |
DR20-13 |
RC |
270 |
-68 |
204.2 |
0-79.3 |
79.3 |
0.68 |
Including |
57.9-74.7 |
16.8 |
1.47 |
DR20-14 |
RC |
|
-90 |
80.8 |
0-29.0 |
29.0 |
0.56 |
DR20-15 |
RC |
|
-90 |
82.3 |
No significant results |
DR20-16 |
RC |
|
-90 |
82.3 |
62.5-70.1 |
7.6 |
0.21 |
DR20-17 |
RC |
|
-90 |
82.3 |
No significant results |
DR20-18 |
RC |
|
-90 |
82.3 |
48.8-53.4 |
4.6 |
0.19 |
|
61.0-68.6 |
7.6 |
0.16 |
DR20-19 |
RC |
|
-90 |
94.5 |
3.1-9.2 |
6.1 |
0.27 |
DR20-20 |
RC |
|
-90 |
82.3 |
24.4-29.0 |
4.6 |
0.16 |
DR20-21 |
RC |
|
-90 |
82.3 |
0-9.1 |
9.1 |
0.30 |
DR20-22 |
RC |
|
-90 |
82.3 |
No significant results |
DR20-23 |
RC |
|
-90 |
82.3 |
21.3-30.4 |
9.1 |
0.23 |
|
48.8-54.9 |
6.1 |
0.23 |
DC20-01 |
Core |
20 |
-80 |
274.3 |
No significant results |
DC20-02 |
Core |
225 |
-80 |
228.6 |
No significant results |
DC20-03 |
Core |
75 |
-80 |
152.4 |
81.7-121.3 |
39.6 |
0.28 |
DC20-04 |
Core |
|
-90 |
205.7 |
No significant results |
DC20-05 |
Core |
90 |
-80 |
152.4 |
66.5-77.7 |
11.2 |
1.77 |
SS21-13 |
Sonic |
|
-90 |
45.7 |
0-9.1 |
9.1 |
0.18 |
SS21-14 |
Sonic |
|
-90 |
36.6 |
0-13.7 |
13.7 |
0.21 |
Note: Gold intervals reported in this table were calculated using a
0.14 g Au/t cutoff for oxide mineralization and a 1.0 g Au/t cutoff
for reduced mineralization. Weighted averaging has been used to
calculate all reported intervals. True widths are estimated at
70-90% of drilled thicknesses. |
Sampling Methodology, Chain of Custody,
Quality Control and Quality Assurance
All Gold Standard sampling was conducted under
the supervision of the Company’s senior geologists and the chain of
custody from the project to the sample preparation facility was
continuously monitored. A blank, certified reference material, or
rig duplicate was inserted approximately every tenth sample.
Samples were delivered to Bureau Veritas Mineral Laboratories
preparation facility in either Sparks, NV or Hermosillo, Mexico
where they were crushed and pulverized. Resulting sample pulps were
digested and analyzed for gold using fire assay fusion and an
atomic absorption spectroscopy (AAS) finish on a 30-gram split.
Over limit gold assays were determined using a fire assay fusion
with a gravimetric finish on a 30-gram split. All other elements
were determined by ICP in Vancouver, B.C. Data verification of the
analytical results included a statistical analysis of the standards
and blanks that must pass certain parameters for acceptance to
insure accurate and verifiable results.
Drill hole deviation was measured by gyroscopic
down hole surveys that were completed on all holes by International
Directional Services of Elko, NV. Final drill collar locations are
surveyed by differential GPS by Apex Surveying, LLC of Spring
Creek, Nevada.
All third party laboratories and service
providers used or retained in the analysis of the samples are
independent of Gold Standard.
Qualified Persons
Donald Harris, General Manager, is the Company’s
Qualified Person (QP) as defined by National Instrument 43-101 and
has reviewed and approved the technical contents of this news
release.
About Gold Standard
Gold Standard is developing the South Railroad
Project, an open pit, heap leach gold project located in Elko
County, Nevada. The project is part of a +21,000 hectare land
package on the Carlin Trend, and is 100% owned or controlled by
Gold Standard. The goal of the Company is to become the low-cost
junior producer of choice in Nevada, one of the premier mining
jurisdictions in the world.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains forward-looking
statements, which relate to future events or future performance.
All statements, other than statements of historical fact, included
herein including, without limitation, statements regarding the
upcoming Feasibility Study, and the ability of the Company to
increase the resource base at Dark Star; the nature and extent of
mineralization at the Dark Star deposit; the Company’s future
exploration plans and objectives; the expected size and dimensions
of the planned pit and area of demonstrated mineral resources South
Railroad Project (“SRP”); and about the potential financing and
construction of the SRP. Such forward-looking statements reflect
management’s current beliefs and are based on assumptions made by
and information currently available to the Company, including that
the Company will be successful in increasing the resource base at
Dark Star for inclusion in the upcoming Feasibility Study; that the
Company will complete the upcoming Feasibility Study on the
timelines currently contemplated by the Company; that the pit and
the area of demonstrated mineral resources at SRP will conform to
that set out in the preliminary feasibility study for SRP; and that
the Company will be successful in the financing and construction of
the SRP. By their nature, forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
our actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. These risks, uncertainties and other
factors include, among others: that the Company may not
successfully increase the resource base at Dark Star by the time
the upcoming Feasibility Study is published, or at all; that the
Company may not complete the upcoming Feasibility Study on the
timeline currently contemplated, or at all; that the pit and the
area of demonstrated mineral resources at SRP will be different
than that set out in the Preliminary Feasibility Study for SRP, as
a result of the Company’s Feasibility Study or otherwise; that the
Company may not be successful in financing and constructing the
SRP; that the SRP may never be placed into production; global
financial conditions and volatility of capital markets, uncertainty
regarding the availability of additional capital, fluctuations in
commodity prices; title matters; and the additional risks
identified in our filings with Canadian securities regulators on
SEDAR in Canada (available at www.sedar.com) and with the SEC on
EDGAR (available at www.sec.gov/edgar.shtml). These forward-looking
statements are made as of the date hereof and, except as required
under applicable securities legislation, the Company does not
assume any obligation to update or revise them to reflect new
events or circumstances.
For further information
contact:Michael McDonaldVice President, Corporate
Development & Investor RelationsPhone: 1-604-687-2766E-Mail:
info@goldstandardv.com
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