Company Outlines $6.9 Million High-Potential Exploration Program for Nevada Gold Project

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Published : August 06th, 2019
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The company notes that this year's drilling program re-emphasizes high potential exploration drilling on targets that can drive the project's valuation.

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Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the components of its 2019, $6.9 million exploration and development program for its Railroad-Pinion project in Nevada's Carlin Trend.

"This year's program re-emphasizes high potential exploration drilling on targets that can drive the project's valuation after last year's emphasis on development drilling required for our soon-to-be-released prefeasibility study (PFS)," CEO and Director Jonathan Awde said in the release. "The Deep Dark Star and Hidden Star targets have the potential to recreate the momentum of the original Dark Star discovery."

With this 2019 campaign, Gold Standard hopes to expand the Dark Star resource through stepout drilling to the east and west of the deposit. It will test a recently identified deep feeder-style target beneath the oxide resource in the northern part of Dark Star. The company intends to complete the South Railroad PFS for the Dark Star and Pinion oxide gold deposits. It aims to drill high-value targets at Hidden Star, Jasperoid Wash, Dixie, LT, Ski Track and North Bullion.

Accordingly, seven targets will be drilled. Drilling will encompass about 14,600 meters (14,600m) of reverse-circulation and core drilling in 52 holes. Of the total meters to be drilled, 10,800m of it will be district exploration drilling, and the remaining 3,800m will be stepout drilling for development work at Dark Star and Pinion.

Drilling is scheduled to begin this week with four rigs, two core and two reverse circulation.



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