Gold Standard Ventures

Campaign poster showing William McKinley holding U.S. flag and standing on gold coin “sound money”, held up by group of men, in front of ships “commerce” and factories “civilization”. (Photo credit: Wikipedia)

Gold Standard Ventures

(GSV : TSX-V : $1.08)

Shares of Nevada-focused Gold Standard Ventures were moving higher after announcing assay results from a new, previously unknown zone of copper and silver mineralization in the historic Central Bullion target area.

Management highlighted that hole RRB12-03 intersected 65 feet of 3.06 oz silver per short ton (Ag/st) with 0.80% copper (Cu) and 0.08% molybdenum from 45 to 110 feet within a 250 foot thick zone of 1.3 oz Ag/st and 0.25% Cu, and a second higher-grade zone of 44 feet of 6.42 oz Ag/st with 2.48% Cu from 913 to 957 feet within a 187 foot thick zone of 1.7 oz Ag/st and 0.78% Cu.

Up to now, the Central Bullion target area has received only limited exploration due to drill permitting limitations. With the Plan of Operations finalized in December 2012, GSV can now proceed with a more aggressive drilling program. Commenting on the new results, GSV’s VP of Exploration, Dave Mathewson, stated “The Central Bullion target area has been of compelling interest from the onset of our Railroad exploration program because of the exceptional high grades of metals historically mined in the area combined with the presence of a large area of strong surface rock and soil geochemistry, and the limited amount drilling, especially with core, conducted in this target area.”

He further highlighted, “RRB12-03 is by far the best hole we have drilled in the area, and it appears to be indicative of an important new zone of mineralization.”

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