Gold Standard Ventures: Discovery im Carlin-Trend
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Gold Standard Completes Initial Resource Estimate for the Pinion Gold Deposit, Carlin Trend Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 10, 2014) - Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company") today announced the maiden National Instrument (NI) 43-101-compliant resource estimate for its Pinion Gold Deposit at its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. The estimate was prepared by APEX Geoscience Ltd. of Edmonton, Canada ("APEX") and is dated as at September 8, 2014. An NI 43-101-compliant technical report will be filed with SEDAR within 45 days of the date of this news release.
In its summary report, APEX estimates an Indicated Mineral Resource of 20.84 million tonnes grading 0.63 grams per tonne (g/t) gold (Au), totaling 423,000 ounces of gold and an Inferred Resource of 55.93 million tonnes grading 0.57 g/t Au, totaling 1,022,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (Table 1). A sensitivity analysis of the grade and tonnage relationships at a variety of cutoffs grades is shown in the accompanying Table 2 below.
Key Highlights
Indicated Mineral Resource of 423,000 troy ounces of gold contained in 20.84 million tonnes at an average grade of 0.63 g/t Au (at a lower cutoff of 0.14 g/t Au).
Inferred Mineral Resource of 1,022,000 troy ounces of gold contained in 55.93 million tonnes at a grade of 0.57 g/t Au (at a lower cutoff of 0.14 g/t Au).
The resource estimate is based on 342 reverse circulation holes and 15 diamond core holes.
The gold resource is hosted in a multi lithic, dissolution collapse breccia. Gold mineralization exhibits very predictable lateral and strike continuity within this silicified, and oxidized breccia which is favorably sandwiched between relatively impermeable silty micrite of the overlying Mississippian Tripon Pass Formation and thick-bedded calcarenite of the underlying Devonian Devil's Gate Formation.
Mineralization remains open in multiple directions. Due to the continuity of mineralization, there is excellent potential for expansion of the resource along mineralization controls identified by the geologic modeling. The Phase 2 drilling program starting later this month will be designed to test these areas for resource expansion.
Due to the good lateral continuity of the collapse breccia hosted mineralization, the potential to convert inferred resources to indicated resources with future drilling is considered high.
http://www.aktiencheck.de/kolumnen/...lenstein_ist_nur_Anfang-6006230
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