September 18, 2012 07:30 ET
Gold Standard Ventures Intersects Further Thick Intervals of High-Grade Gold at Railroad Project's North Bullion Fault Zone
Hole RR12-10 Intersects 407 Feet (124.1 Meters) of 0.118 oz Au/st (4.05 g Au/t) Including an Internal Interval of 54 Feet (16.5 Meters) of 0.44 oz Au/st (15.1 g Au/t)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV)(NYSE Amex:GSV) ("Gold Standard" or the "Company") (www.goldstandardv.com) today released results from four more core holes drilled into the North Bullion Fault Zone (NBFZ) target at its near 100% owned/controlled Railroad Project in the Carlin Trend of Nevada.
The new results confirm the emergence of a growing high-grade core zone. New drill hole RR12-10, drilled to the east at an angle of -60 degrees, intersected a 407 foot (124.1m) interval of continuous gold mineralization averaging 0.118 oz Au/st, (4.05 g Au/t). RR 12-10 is a 260 foot (80m) northward step-out from hole RR12-01, drilled to the east at -55 degrees, which intersected 537 feet (164m) of 0.099 oz Au/st (3.38 g Au/t). RR12-01 was, in turn, a 330 foot (100m) northward step-out from RR11-16, the NBFZ discovery hole drilled eastward at -70 degrees, which intersected 185 feet (56.4m) grading 0.124 oz Au/st (4.26 g Au/t). Each of these three holes returned significant intervals above 0.21 oz Au/st (7 g Au/t). RR12-18 and 12-19, now in progress, represent additional northward step-outs to explore the extension of this high-grade core zone. (see location link).
Highlights of 12-10 include:
- Thick interval of 407 feet (124.1m) of 0.118 oz Au/st, (4.05 g Au/t) of continuous gold mineralization
- A high-grade core zone comprised of 142 feet (43.3m) of 0.220 oz Au/st, (7.54 g Au/t) including 54 feet (16.5m) of 0.44 oz Au/st. (15.1 g Au/t)
- Similar high-grade has now been intersected in three holes spanning a north-to-south strike continuity of 590 feet (180 meters).
- The high-grade mineralization remains open to the north, east and west.
- Thick intervals of gold mineralization averaging 0.013 to 0.015 oz Au/st, (0.446 to 0.514 g Au/t) were encountered in nearly 1000 feet (305m) of core, almost to the bottom of the hole.
- RR12-10 expands the potential for a major gold deposit within the NBFZ and confirms that its mineralization is similar to the larger, more robust gold deposits on the northern part of the Carlin Trend..