New Targets Opening Up At Dark Star, Dixie And Jasperoid Wash At Railroad Project

VANCOUVER - Gold Standard Ventures Corp. reported that results from 24 exploration holes have confirmed three high potential targets for resource expansion on its 100%-owned/controlled Railroad Project in Nevada’s Carlin Trend. Gold Standard’s 2017 US$15.5 million exploration program includes up to 48,800 m of reverse-circulation (RC) and core drilling in 117 holes. The 24 initial holes drilled in this year’s program were located to validate key prospective targets for further drilling this year.  The 2017 drilling continues to establish the Pennsylvanian-Permian age carbonate rocks as an important gold host on the Carlin Trend.  Regionally, this highly prospective carbonate host section intersects the Carlin Trend in the southern portion of Gold Standard’s Railroad property.  The gold mineralization at Dark Star, Dixie and Jasperoid Wash targets occurs in these favorable carbonate rocks. 

Jonathan Awde, CEO and Director of Gold Standard commented: “These first 24 holes lay the groundwork for the next stage of exploration success at Railroad. At Dixie and Jasperoid Wash, the early results are highly reminiscent of our success at Dark Star, but with the advantage of having already unraveled many of the structural characteristics that account for better grades at Railroad. We are confident that these targets can open up into important discoveries and we are now mobilizing additional drill rigs to pursue them more aggressively. We are also confident that this year’s drilling will provide further evidence that the Dark Star and Pinion deposits merge into one larger deposit.”

Mac Jackson, Vice President of Exploration said, “We opened a new chapter of exploration on the Carlin Trend with our Dark Star discovery leading to the recognition of the importance of Pennsylvanian-Permian carbonate host rock.  Our initial drill tests of these rocks at the Jasperoid Wash and Dixie targets are very encouraging in that we have intersected shallow, Dark Star-like gold zones that remain open.  The Jasperoid Wash and Dixie targets are located within the 20,941 gross acres (85 square kilometers) recently acquired by Gold Standard to the south of the Dark Star and Pinion deposits.  We continue to drill these targets, as well as identify new untested targets, as we progress through this new chapter of exploration for Pennsylvanian-Permian hosted gold deposits on the Carlin Trend.”