GOLD STANDARD FINDS NORTHERN EXTENSION OF NORTH BULLION HIGH GRADE DEPOSIT
January 23, 2017 – Vancouver, B.C.
Gold Standard Ventures Corp. announced today that 2016 drilling has extended the North Bullion gold system 180 meters to the north of previous drill holes on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend.
Four more core holes were completed in the 2016 program at North Bullion.
Drill hole RR16-05 returned
19.8m of 4.40 grams gold per tonne (g Au/t) which includes ahigher grade interval of 5.3m of 7.02 g Au/t.
This result follows RR16-01 (announced on August 30, 2016) which intersected 65.6m of 3.17 grams gold per tonne (g Au/t) including a higher grade interval of 8.5m of 11.16 g Au/t located west-northwest of previous drilling.
(Please click the following link to view North Bullion plan and section maps: https://goldstandardv.com/lp/north-bullion-jan2017-results).
The primary objective of the 2016 North Bullion drill program was to test for extensions of the Lower Breccia Zone to the west-northwest and north. With RR16-01 and RR16-05, both orientations have proved to be successful. West-northwest and north-striking structural zones are an important control for gold mineralization throughout the Carlin Trend.
The Saddle (780,000 oz @ 19.6 g Au/t) and Tess (1.5 Moz @ 12.7 g Au/t) deposits occur along the west-northwest-striking Rain fault, located just 7 km to the north of the North Bullion deposit (Longo, et al., NBMG Bulletin 111, 2002). North Bullion exhibits all the classic characteristics of large, high-grade collapse breccia hosted gold deposits on the Carlin Trend. Unlike GSV’s Dark Star and Pinion deposits which are highly oxidized, gold-bearing rock at North Bullion is refractory in nature but the additional cost of processing this material is commonly offset elsewhere on the Carlin Trend by increased grade.