Gold Standard Ventures

English: Nevada Test Site. Big Hole Drilling. (Photo credit: Wikipedia)

GSV

TSX-V : $1.13

Nevada-focused gold explorer, Gold Standard Ventures, announced Thursday that recent drilling has significantly expanded the gold envelope along the North Bullion Fault Zone (NBFZ) on its Railroad Project, Carlin Trend, Nevada.

Phase 1 drilling results extend the 1-3 g/t envelope of gold mineralization at NBFZ to the north and to the south by more than ~500 m, confirming continuation of mineralization to the south. Management highlighted that the gold envelope now appears to stretch for a total of more than ~1,000 m, and it remains open in multiple directions.

The high grade zone that lies
within this envelope ranges 5-15 g/t gold and has been traced to date for about 300 m. Commenting on the results, Gold Standard’s Vice President of Exploration, Dave Mathewson, stated, “Phase 1 drilling has affirmatively answered the question as to whether or not the NBFZ deposit has the size and continuity to support a large, Carlin-style deposit. At this point, we understand enough about the deposit’s controls to begin the process of definition drilling, initially in the central portion of the deposit. We expect the change in drill orientation to cut additional high grade feeder zones.”