Gold Standard Ventures Corp. (TSX-V: GV; OTCQX: GDVXF) announced today that hole RR11-16 at the Company’s Railroad project in the Carlin Trend of Nevada has intersected 185 feet of 0.124 opt (ounces per ton) of gold (56.4 meters of 4.26 grams/Tonne) from 555 to 740 feet (169.2-225.6 meters) including an interval of 60 feet of 0.21 opt of gold (18.3 meters of 7.03 g/T) which contains two five foot intercepts grading above 0.4 opt of gold (14 g/T). Mineralization at this depth could be accessible by open pit.
In the release, Dave Mathewson, Gold Standard’s Vice President of Exploration stated: “The North Bullion Fault Zone (NBFZ) hosts a very large, mineralized breccia body that we discovered in late 2010 and explored through 2011. We believe this breccia was mineralized by multiple high-grade gold feeder zones which are blind targets within the more dispersed lower-grade portions of the breccias. Over the last year, we have narrowed down the search, obtaining increasingly better drill results while defining a major north-south-trending fault complex. RR11-16 is located in the footwall of this complex, angled toward a major east-flanking graben-bounded structure. The character of the rock we see suggests that we may not yet be in a feeder zone…we may have encountered mineralization which is on the flank, or possibly above, a feeder zone. We therefore expect to continue this hole through the graben-bounded structure and into tertiary rocks which mark the edge of the zone of interest. Our exploration model of large, Carlin-style gold-mineralized dissolution collapse breccias in the footwall of a major graben-bounded gold system has held up very well, and we therefore see the potential for even better results as the drilling continues.”
CONFERENCE CALL – WEDNESDAY FEBRUARY 22, 2012 @ 1:30 P.M. (EST):
A conference call to discuss the drilling update will be held at 1:30 P.M. (EST) on February 22, 2012 (10:30 A.M. PST). Investors are invited to participate by connecting to the call using one of the following dial-in numbers and asking to be placed in the Gold Standard Conference call:
Date: February 22, 2012
Time: 1:30pm Eastern Standard Time
Dial in Number: 1- 416-850-9144 or toll free 1-866-400-3310
The call will be hosted by Jonathan Awde, president and chief executive officer, and Dave Mathewson, vice-president of exploration. Callers should refer to the newly posted slides on Gold Standard’s website that will be referenced during the meeting.
If you cannot participate on February 22, 2012, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference two hours after the meeting end time, and the replay will be available until March 5, 2012. Please enter the replay Passcode No. 464831 followed by the pound key.
International or local (Toronto) 1-416-915-1035