Gold Standard Phase 2 Drilling Continues To Expand Oxide Gold Zones

 

VANCOUVER, BC - Gold Standard Ventures Corp. reported results of seven reverse-circulation (RC) holes from the Pinion Phase 2 drilling program at its 100%-owned Railroad-Pinion Project in Nevada's Carlin Trend. All seven returned significant intercepts with gold values well above the cut-off grade of 0.14 g Au/t established by APEX Geoscience Ltd. of Edmonton, Canada in its NI 43-101 resource estimate announced on September 10, 2014. Results include five intercepts grading above one gram per tonne as well as a thicker zone of 108.2 meters of 0.58 grams per tonne (g Au/t).

Phase 2 drilling was designed to extend areas of known shallow oxide gold mineralization along strike and at depth, and to test new targets identified by the Phase 1 program. Phase 2 totaled 10,893m of RC drilling in 44 holes. Assays are pending for holes PIN14-24 and -25, PIN14-28 and -29, PIN14-32, and PIN14-34 through -57.

The targeted multi-lithic, dissolution collapse breccia host was intersected in all seven holes. Similar to the Phase 1 drilling, gold mineralization is continuous and widespread within this highly permeable, altered and oxidized breccia, this gold -bearing horizon is favorably sandwiched between relatively impermeable silty micrite of the overlying Mississippian Tripon Pass Formation and thick-bedded calcarenite of the underlying Devil's Gate Formation.

The gold-bearing intercept in PIN14-19 successfully expanded the southeast strike extent of thicker breccia hosted mineralization along the Main Zone fault, an important gold-controlling structure at Pinion. This hole demonstrates that thick gold intercepts, developed well down into brecciated Devil's Gate calcarenite, continue southeast beneath the bottoms of shorter historic drill holes in that area.

Along the eastern limb of the new Anticline Target, holes PIN14-23, -26, -27, -30, -31 and -33 successfully intersected oxide gold mineralization along a previously undrilled 200 meter by 100 meter north-northeast trend. Mineralization in PIN14-33 is open to the south for additional exploration.

Mac Jackson, Gold Standard's Vice President of Exploration stated, "These Phase 2 intercepts show that we are gaining an understanding of the structural controls on thicker and higher grade mineralization within the widespread, flat lying collapse breccia host at Pinion. This will allow us to continue to add ounces at Pinion by sharpshooting targets like the extension of the Main Zone fault or fold axes in 2015 Phase 3 drilling."