SYS-CON MEDIA Authors: Xenia von Wedel, Peter Silva, Glenn Rossman, Ava Smith, Elizabeth White

News Feed Item

Gold Standard Reports New Gold Assays from Previously Unassayed Historical Pinion Drill Core

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/15/14 -- Gold Standard Ventures Corp. (TSX VENTURE: GSV) (NYSE MKT: GSV) (NYSE Amex: GSV) ("Gold Standard" or the "Company") announced today that gold assays of historic Pinion drill holes not previously assayed for gold have yielded positive results including a new interval of 35.4 meters of 1.063 g Au/t (from 13.7 to 49.1 meters) in PN-07-02, and an 8.8 meter extension of an existing gold intercept to 54.3 meters of 0.686 g Au/t (from 43.3 to 97.6 meters) in SB-145. Gold Standard's 100%-owned Pinion Gold Project sits adjacent and immediately to the south of its Railroad Project in Nevada's Carlin Trend.

These shallow core holes were drilled by previous operators in 1996 and 2007 in a roughly north-south alignment for geotechnical and geologic purposes. During Gold Standard's re-logging and data review of the core from 12 core holes obtained in the Pinion acquisition, its geologists identified that 72% of the core had not been assayed for gold. The subsequent new assay data supports two important observations about the Pinion deposit:


--  These results continue to reinforce the significance of collapse breccia
    as a major gold host-a factor which was not apparently known to previous
    operators
--  PN-07-02 bottomed in oxidized and silicified collapse breccia that
    assayed 1.425 g Au/t, indicating that previous drilling was too shallow
    to adequately test the potential of the lower breccia zone. Furthermore,
    three other holes were not drilled deep enough to intersect the lower
    breccia

All new assay results are summarized below:


----------------------------------------------------------------------------
                  Intervals
                        Not
             TD  Previously   Intercept   Thickness    Grade
Drill Hole  (m) Assayed (m)         (m)         (m)  (g Au/t)       Comments
----------------------------------------------------------------------------
                                                                Geotechnical
                                                                hole drilled
                                                                south of the
               3.1 - 21.0 &                                        Main Zone
SB-140     54.6 32.6 - 54.6              barren               mineralization
----------------------------------------------------------------------------
                                                                Geotech hole
                                                                south of the
                                                                   Main Zone
SB-141     31.1 13.7 - 31.1              barren               mineralization
----------------------------------------------------------------------------
                                                                Geotech hole
                                                                south of the
                                                                   Main Zone
SB-142     26.8 14.9 - 26.8              barren               mineralization
----------------------------------------------------------------------------
                                                             Drilled between
                                                               the North and
SB-143     83.8    0 - 47.6              barren                   Main Zones
----------------------------------------------------------------------------
                                                             Drilled between
                                                               the North and
SB-144     74.7  2.7 - 37.5              barren                   Main Zones
----------------------------------------------------------------------------
                                                                 Extended an
                                                               existing gold
                                                               interval. The
                                                             entire interval
                                                                 is 54.3m of
                                                                0.686 g Au/t
                                                                from 43.3 to
SB-145     99.1  7.0 - 52.1 43.3 - 52.1         8.8     0.377         97.6m.
----------------------------------------------------------------------------
                                                                    Existing
                                                                  intercept:
                                                              40.5m of 2.126
                                                                 g Au/t from
SB-146     42.7        none           -           -         -      1.2-41.7m
----------------------------------------------------------------------------
                                                             Drilled between
                                                                the Main and
PN-07-01   94.7    0 - 94.7 19.8 - 21.3         1.5     0.239    North Zones
----------------------------------------------------------------------------
                                                              Drilled in the
                                                                 North Zone;
                                                               hole ended in
PN-07-02   49.1    0 - 49.1 13.7 - 49.1        35.4     1.063   1.425 g Au/t
----------------------------------------------------------------------------
                                                                    Not deep
                                                               enough, North
                                                             Zone target not
PN-07-03   82.7    0 - 82.7   3.0 - 4.5         1.5     0.302         tested
----------------------------------------------------------------------------
                                                               Lower breccia
                                                               not tested by
PN-07-04   91.8    0 - 91.8  9.1 - 13.7         4.6     0.381this drill hole
----------------------------------------------------------------------------
                                                              Drill hole not
                                                                deep enough,
                                                               Main Zone not
PN-07-05   91.8    0 - 91.8 35.0 - 38.1         3.1     1.303         tested
-------------------------------------------------------------
                            44.2 - 45.7         1.5     0.351
----------------------------------------------------------------------------

(i)Note: The gold intervals reported in the above table are based on a 0.200 g Au/t cutoff. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 85% of drilled thicknesses.

Gold Standard President and CEO Jonathan Awde noted that the new assays provide important confirmation of the upside potential of the Pinion deposit. "We are certainly pleased to see additional gold mineralization in these holes but we are even more excited to get further confirmation that the historical work apparently did not recognize the nature of the deposit and how it needed to be explored. Clearly, the breccia zone was not the focus of previous exploration efforts as we believe it should have been, and many of the holes were too shallow to intersect this target."

The initiation of re-logging, cross section work and geologic mapping at Pinion has identified a classic, Carlin Trend setting with gold hosted in an oxidized, flat to gently dipping, dissolution collapse breccia. The best existing drill intercepts (e.g., TCT-018: 24m of 4.30 g Au/t from 1.5 - 25.5m; and CPR-110: 67m of 1.06 g Au/t from 12 - 79m) are located in structural highs along west-northwest, north and northwest-striking fault zones. Previously unrecognized, intrusive rocks occur within the deposit and indicate the presence of important deep-seated, through-going conduits. Lateral extent and continuity of gold mineralization is excellent due to the channeling of the gold system within highly permeable collapse breccia 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. Geologic work, including cross sections constructed from the re-logging, has progressed through a third of the deposit area, and the model continues to support a very promising, classic Carlin-style picture for the Pinion deposit.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance:

All core sampling was conducted under the supervision of the Company's project geologists and the chain of custody was continuously monitored to the sample preparation facility. Core from the SB-series holes was cut at the company's facility in Elko, NV and one half was sent to the lab for analysis and the other half retained in the original core box. A blank or certified reference material was inserted approximately every tenth sample. The core samples and pulp samples from the PN-07 series holes were delivered to ALS Minerals preparation facility in Elko, NV. The core samples were crushed and pulverized and all sample pulps were shipped to ALS Minerals certified laboratory in Vancouver. Pulps are digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30 gram split. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Steven R. Koehler, Gold Standard's Manager of Projects, BSc. Geology and CPG-10216, a Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced stage gold exploration focused on district scale discoveries in Nevada. The Company's flagship project, the Railroad-Pinion Gold Project, is located within the prolific Carlin Trend. The recent Pinion gold deposit acquisition offers GSV a potential near-term development option and further consolidates the Company's premier land package in the Carlin Trend. Gold Standard is moving towards building NI 43-101 compliant gold resources at both the near surface, oxide-gold Pinion deposit and the classic Carlin style, North Bullion gold deposit in 2014.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements about our proposed financing are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Risk factors affecting the Company include, among others: the results from our exploration programs, global financial conditions and volatility of capital markets, uncertainty regarding the availability of additional capital, fluctuations in commodity prices; title matters; and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

On behalf of the Board of Directors of Gold Standard,

Jonathan Awde, President and Director

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distribution, versions, network setup, and other details of this environment. This "containerization" has often been nicknamed "the new virtualization." But containers are more than lightweight virtual machines. Beyond their small...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the ...