Gold Standard Ventures Corp. (TSX-V: GV; OTCQX: GDVXF) reported today on the first phase of its 2011 exploration drill program at its 100%-controlled flagship Railroad Project in Nevada’s Carlin Trend. The key objective for the program is to locate and intersect high-grade feeder structures for the unusually extensive and thick sections of low-grade gold mineralization discovered on the property.
Drill intercepts to date indicate: (1) unusually thick sections of exactly the same geology and style of mineralization which mark the best gold deposits in the northern part of the Carlin Trend; (2) very long runs of pervasive gold values which have been increasing in grade as the program advances; and (3) some localized assays as high as 4 g/t which suggest proximity to feeder structures.
In the release Vice President of Exploration, Dave Mathewson stated: “We believe we have identified the approximate location of the north-south trending North Bullion Fault zone on the eastern flank of the thick, low-grade peripheral gold mineralization we have intersected in several holes. Based on what we have seen so far, this potential high-grade target zone has all the right features…very complex, highly altered, gold-bearing, collapse and tectonically created breccias with an associated large fault. We have reconfigured our program to provide an assessment of this zone with angled core drilling. We also continue to pursue the broader North Bullion target zone northward and westward seeking additional feeder structures. We have much yet to accomplish this season and will likely continue drilling into early next year.”