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Gold Standard results 'outperform'

Gold Standard Ventures (CN:GSV) says results from the start of infill and development drilling at its Dark Star deposit in Nevada “outperform” predictions.
Gold Standard results 'outperform' Gold Standard results 'outperform' Gold Standard results 'outperform' Gold Standard results 'outperform' Gold Standard results 'outperform'

Hits 126.5m at 1.18g/t gold at Dark Star deposit

Staff reporter

Among the highlights, it intersected 126.5m at 1.18g/t gold, plus 132.6m at 0.63g/t gold including 16.8m at 1.58g/t.

"These results … outperform what was predicted in the resource block model by extending gold mineralisation below the current resource model and to the west of the Ridgeline fault," the company said.

It has an US$25.8 million exploration and development programme underway at its flagship Railroad-Pinion project in Nevada and is aiming for a preliminary economic assessment in the second half. 

"We aim to confirm this year that Railroad-Pinion can be the next successful mine on the Carlin Trend," CEO Jonathan Awde said.

Along with the infill and development drilling at Dark Star and Pinion, the company will test other targets and is aiming to establish a maiden resource at Jasperoid Wash before the end of the year.

Gold Standard raised C$38.2 million (US$30 million) at $2.05 per share in an upsized placement in February, backed by OceanaGold (CN:OGC) and Goldcorp (CN:G) who own 15.6% and 9.9% of the stock respectively.

Its shares, which were trading above C$2.70 a year ago, closed up 2c yesterday to $2.13, capitalising it at $537.1 million.