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Should I wait it out a bit and see if it pulls back to the .70s? I unfortunately bought shares of gsv right before gold crashed so I'm already in at .90. Grrrr!
Do you think I should jump in at .80? I was thinking of picking up another 5,000-6,000 shares. But I'm weary because I've seen it ride this high a few times and then drop. Thoughts? I am confident something good is probably in the works!
Something good is coming and someone got wind of it, imo.
Big money is moving into the stock.
I have no clue what's making the move. I personally got so used to this stock going up, then drifting back. This week's movement has been a big surprise to me.
As for the "hole" comment mentioned in the Calandra article, it might have been a reference to Brent Cook's analysis of GSV. Cook is my favorite analyst, but he sold his shares last year after losing faith in the potential of the deposit. I'll be interested to read his future comments on their progress.
No Panning on the Carlin...Heap Leach concentrate-
Looking good here!
futr
I'm looking forward to posting as the GSVMANIAC.
Whats in the hole??
Is what's in the hole making this move?
I watch the trades. Its different this time.... or seems likely.
A month ago, the buyers came,slowly and methodically. That is why I'm here.
Lets hope it pans out for us all... Good luck.
http://www.stockhouse.com/Opinion/Independent-Reports/2013/10/07/Nevada-developer-set-to-double-Gold-Standard-(GSV)
GSV is one of Calandra's bigger investments. His Report (which now costs money in the states) seems always to be posted on Stockhouse.
Do you have a link to the report? I can't seem to find the latest. Thanks!
Calandra Report update (from Monday)
GSV: JUST MET with Jonathan Awde of Gold Standard Ventures Corp. (TSX: V.GSV, Stock Forum).
Buy the shares today or Tuesday if you believe the Nevada developer is close to seeing a 4.9 percent stake in the company double -- from a large miner, probably active in Nevada. My bet is Agnico-Eagle Mines Ltd. (TSX: T.AEM, Stock Forum), but that is pure speculation as it also could be someone smaller ... or bigger.
Any increase in x-company's holdings will come at a premium with no warrant, just like the last financing. The company likely would be required to file its holdings at SEDAR.
In addition, a fresh hole is in the lab. GSV has had several joint venture offers on its Railroad properties near Elko. None were good enough to cut the quick.
"Unfortunately, we live and die by each hole, which if you understand the nature of Carlin-style deposits, is not the way it should be with the Railroad property (Rain District)," Jonathan says.
I am buying more shares today or Tuesday. The number of drill rigs operating in Nevada -- like the rest of the world -- is down 65 percent this year, perhaps more. That is total rigs, not GSV.
Says Awde, "We've kept our team. We are negotiating successfully on our Pinon properties." Those are low grade oxide -- perhaps 1 million ounces and a lot like Newmont Mining Corp.'s (NYSE: NEM, Stock Forum) Emigrant Mine in Nevada. Cheap mine to build -- maybe $60 million at Emigrant.
GSV owns about 51 % of the Pinon properties, to the south of Railroad.
Geologist Dave Mathewson, leading a team that includes Steven Koehler, Mac Jackson, Steve Moore and Robert Edie among others, has been "vectoring to the north" at the prime target at Railroad, the North Bullion Deposit. At least two companies - one Wednesday and one next week -- are kicking tires at the property.
They are busy even with the dumpster market for prospectors continuing into autumn here in western USA. The technical team will oversee another 15 drill holes through December.
HDY- Nice assessment! Here's to $1.00 and higher and an eventual buyout! This company just keeps striking gold!
Breakout on decent volume. Wonder whats down the next couple of holes?
Yep.... The trading pattern changed several weeks ago. When I noticed it I went in, hope I get lucky again.
Nice move today!
futr
GOLD STANDARD DISCOVERS SIGNIFICANT OXIDE GOLD AT NEW BALD MOUNTAIN TARGET AT RAILROAD PROJECT, CARLIN TREND, NEVADA
First core hole intersects 56.1m of 1.47 g Au/T gold including 7.3m of 5.66 g Au/T.
October 2, 2013 – Vancouver, B.C. – Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT: GSV) (“Gold Standard” or the “Company”) (www.goldstandardv.com) today released results from its first core hole drilled into the Bald Mountain Au-Cu target which could have important economic consequences for the Company’s 100%-owned Railroad Project in the Carlin Trend.
Vertical core hole RRB13-1 intersected 56.1 meters of 1.47 g Au/T, including an internal interval of 7.3 meters of 5.66 g Au/T. Importantly, the gold intercept is hosted entirely in oxidized hornfels breccia and represents the most significant oxidized gold mineralization found to date in the northern Railroad project area. Gold in oxidized mineralization can typically be recovered using less expensive methods than non-oxidized (sulphide) material.
Immediately below the gold intercept, RRB13-1 intersected a separate copper zone returning 23.3 meters of 0.4% copper as well as narrower but high-grade intercepts of other base metals and silver.
Highlights:
RRB13-1 (located about 1500 meters southwest from the North Bullion gold discovery), the first hole drilled by Gold Standard into the Bald Mountain Au-Cu target, was designed to provide an early-stage core test of a porphyry Cu-Au-type target opportunity indicated by historical shallow reverse circulation holes. This high priority target opportunity became available for drilling when the exploration Plan of Operations (POO) was approved and finalized in December, 2012. (Please see drill hole location map below.)
Significant intercepts in RRB13-1 include 56.1 meters of 1.47 g Au/T , including an internal interval of 7.3 meters of 5.66 g Au/T . Immediately below the gold intercept, the hole intersected a separate zone of 23.3 meters grading 0.4% copper. The gold and copper mineralization is open in all directions.
The gold and copper mineralization appears to be entirely within non-calcareous, oxidized material which could ultimately be amenable to simple cyanidization and/or acid leaching extraction.
In addition to the gold and copper mineralization, four intercepts of silver with base metals were encountered in RRB13-1 including a 1.5 meter intercept of 763.8g g Ag/t, 1.6%Cu, 11.8% Pb and 2.43% Zn. The implications of these intercepts are being evaluated.
Key observations:
Prior, shallow historical drilling in the area used RC rigs; therefore, the character and qualities of the host rock type, and the style and distribution of mineralization, remained largely unknown.
Known primarily as a base metal and silver camp, the historical Central Bullion area, in which Bald Mountain is located, now appears to be emerging also as an important gold opportunity.
Further core drilling is required to determine the orientation and expand the extent of the newly-discovered Bald Mountain oxide gold mineralization.
1200 meters to the southwest, RRB13-2, a 65 meter, vertical, deeper offset follow-up to RRB12-3, was recently completed and assays are pending.
A third hole, RRB13-03, in the Central Bullion area will commence shortly, at a target called Steve’s Camp, approximately 600 meters south of RRB13-01.. This hole is designed to test an area between the Cu-Ag Skarn drilled at the end of last year (see news release of January 22, 2103) and the newly discovered Bald Mountain Au-Cu intercept.
Dave Mathewson, Gold Standard`s Vice President of Exploration, stated: “We are excited by this discovery of gold in oxide material at Bald Mountain as well as the multi-element potential of the broader Central Bullion area. We have recently expanded our surface sample coverage and are now looking at a target area for copper, gold and silver with a diameter of four kilometers.”
Please see table below for detailed Intercepts for RRB 13-1.
Drill Hole
RRB13-01 Intercept (m) Thickness (m) Au Grade (g/t) Other
Ag, Cu, Pb, Zn, ETC.
206.4-262.5 56.1 1.47 6.5 g Ag/t
Including 212.6-219.9 7.3 5.66
260.9-296.0 35.1 0.17 6.8 g Ag/t
0.31% Cu
0.15% Zn
Including 269.8-293.1 23.3 0.40% Cu
451.5-452.4 0.9 0.11 95 g Ag/t
0.03% Cu
1.72% Pb
0.21% Zn
472.1-473.6 1.5 0.62 763.8 Ag/t
1.60% Cu
11.75% Pb
2.43% Zn
523.6-524.2 0.6 0.26 281 g Ag/t
0.29% Cu
5.37% Pb
1.08% Zn
533.5-536.1 2.6 0.29 45.3 g Ag/t
0.029% Cu
0.70% Pb
0.46% Zn
*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. The reported gold intervals may, or may not represent true thicknesses and, or widths. In general, the gold distribution within these large, complex breccia bodies tends to be irregular and will require additional drilling to establish true widths.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance:
All sampling was conducted under the supervision of the Company’s project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. Core was cut at the company’s facility in Elko and one half was sent to the lab for analysis and the other half retained in the original core box. A blank, quarter core duplicate or certified reference material was inserted approximately every tenth sample. The samples are delivered to ALS Minerals preparation facility in Elko. The samples are crushed and pulverized and sample pulps are 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. All other elements are determined by ICP analysis. 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 Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totalling approximately 40,000 acres of prospective ground within North Central Nevada and the Walker Lane of which 18,130 acres comprise the flagship Railroad Gold Project on the productive Carlin Gold Trend.
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.
On behalf of the Board of Directors of Gold Standard,
“Jonathan Awde”
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde
President
Tel: 604-669-5702
Email: info@goldstandardv.com
Website: www.goldstandardv.com
futr
Good news just keeps rolling in for this company! Thinking about picking up more shares...anyone have thoughts about the price dropping lower than from where it has been trading ($.53-$64 or so)---due to the debt ceiling standoff? Thanks!
I added more. I can't shake this gut feeling we are going to get some really good news. I've been watching the trading pattern and it has changed. Hope I'm right. Good luck.
Nice One!
It is looking, says Mr. Mathewson, like a large (2 million ounces gold with silver?) Carlin-style deposit in the Nevada badlands.
Anecdotal info from Thom Calandra (who said in August no rush to buy anything but maybe GSV... he's also hinted that rumor is they are apparently wining and dining one major -- Agnico Eagle? -- but who knows...)
Last week, in a presentation panel in Toronto, I told an audience of 200 that Gold Standard Ventures‘ (GSV in Canada and USA) Dave Mathewson and another Nevada stalwart, geologist Roger Steininger at NuLegacy Gold (NUG in Canada), were of a type: good old Nevada boys in their senior years, with old-style prospecting habits and a kick-bum country-boy accent.
GSV came in today with 98 meters of 3-plus gram gold in one of its headline exploration holes at Railroad.
It is looking, says Mr. Mathewson, like a large (2 million ounces gold with silver?) Carlin-style deposit in the Nevada badlands.
Gold Standard CEO Jonathan Awde, about 33-odd years younger than Mr. Mathewson, tells us today Thursday, “Northern offset of 13-8. Very important to see this kind of continuity and grade distribution. Really opens up the whole northern portion of the North Bullion Fault Zone. “
Dave Mathewson is personally responsible for as many discoveries-
in the Carlin trend as anyone.
And has a bloodhounds nose for gold!
futr
I added again today. I think this is going to get very interesting.
Great new drilling results at perhaps just the right time were released today.
From the press release -- "Dave Mathewson, Gold Standard's Vice President of Exploration, stated, "We are increasingly confident that the North Bullion gold deposit represents a major Carlin-style discovery within the large, prospective district-scale, multiple target setting of our Railroad project. We continue to explore for and expand mineralization at North Bullion. Discovery of uniformly thick, high grade mineralization in the lower breccia zone is a very positive development and lends favorably to the discovery of similar zones and additional high grade extensions to what we have discovered to date. We are also applying what we have learned elsewhere along the very prospective and essentially unexplored 10 kilometer long Bullion Fault Corridor now fully controlled by Gold Standard. We recently completed CSAMT (Controlled source audio magneto-telluric) survey coverage, geologic mapping and extensive additional surface sampling along the Bullion Fault Corridor - only a small portion of which has been previously tested by drilling. Surface geochemistry and geology, combined with the gravity and CSAMT data, have identified several compelling, untested target opportunities toward the south within the Bullion Fault Corridor target zone."
Pleasant surprise. Hopefully this bit of volume and push is good news seeping out..
Maybe I'll get lucky with the timing.. lol
I'm on the same page-
August 13, 2013 – Vancouver, B.C. – Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT: GSV) (“Gold Standard” or the “Company”) www.goldstandardv.com reported today the restart of the Railroad Project drilling program. A budget of $3 million has been approved by the Gold Standard Board of Directors to drill approximately 9,000 meters in about 16 RC and, or core holes to test several of the most promising targets on the Railroad project.
This program will initially focus on extension of the high grade gold mineralization encountered in the lower breccia within hole RR13-08 (73.5m of 3.67 gAu/T) in the North Bullion deposit. This lower breccia, which is comprised dominantly of collapse breccia, is the preferred depositional environment for gold and the intercept in 13-08 is essentially open in all directions. Gold mineralization in the collapse breccias tends to be more laterally extensive and uniformly distributed. Previous holes drilled into this breccia encountered equally thick, 50 to 100m intervals of consistent 0.5 to 2.0 gAu/T mineralization. Hole RR13-11 is in progress to provide a test of this prospective high grade zone to the west of the RR13-08 intercept. Based on the results of both RR13-08 and RR13-11, an offset hole to the north will immediately follow.
Major emphasis is also being placed upon drill testing target opportunities south of the North Bullion deposit along the Bullion Fault Corridor (“BFC”). Surface geochemical work conducted over the past several weeks, while drilling was suspended, has served to further define a number of promising drill targets. The southern portion of the BFC target area and the other nearby target opportunities were previously inaccessible for drill testing because of permitting constraints. An exploration Plan of Operations (POO) was finalized and approved by the Bureau of Land Management (BLM) in December, 2012; this plan provides full access to all the targets in the northern third of the property.
The BFC is the same structural zone that controls the North Bullion deposit. Targets along the Corridor are developed from surface mapping, geochemical sampling, CSAMT and gravity data. CSAMT data indicate the presence of both a northward and southward continuation of target opportunities. The North Bullion deposit was essentially a blind discovery with no surface indication. The deposit is now effectively characterized by CSAMT data. The data show intermediate resistivity representing a wedge of mixed clastic and carbonate material between the in-place, rooted Paleozoic carbonate and clastic rocks and the flanking, down-dropped volcanic rocks to the east. This is a signature which is now being pursued. The CSAMT data modeled from the North Bullion deposit indicate the presence of similar wedges along a strike-length of about 6 kilometers to the south. No previous drilling has tested these target zones. Prospective drill sites are currently being designed based on a comprehensive integration and evaluation of all the data.
Four additional important targets to be tested in this 2013 program are:
1). The Railroad Fault zone: a WNW striking corridor of structure, mineralization, and dikes analogous to the gold-mineralized Rain Fault in the Rain mining district about 5 miles to the north. Vertical RC hole RRF13-1 is currently in progress.
2). The copper-gold target indicated by several shallow, historic holes that encountered 40 to 120+ meter thick intervals of 0.25 to 1.0% copper with gold and/or silver mineralization. Some of these holes bottomed in copper and gold mineralization. Vertical core hole RRB13-1 is in progress on this target.
3). Central Bullion: target offset of hole RRB12-3 that intersected two thick zones of mineralization of 76.2m of 0.25% Cu with 44.6 gAg/T (1.3 ozAu/st), and 57m of 0.78% Cu with 58.3 g Ag/T (1.7ozAg/st). This hole is sited and pending.
4). A target referred at this time as Steve’s Camp in the Central Bullion area is a large surface area of strongly anomalous base and precious metal gossan. This hole is sited and pending.
Dave Mathewson, Gold Standard`s Vice President of Exploration, states that “our exploration effort is highly focused on discovery of gold as the presence of Carlin-type gold deposit potential is clearly established in the Railroad district. However, it is also apparent that we are also dealing with a very large and robust polymetallic porphyry copper-type metal system. In particular, copper and silver and gold have been encountered in thick intercepts typical of grades encountered in producing porphyry copper-type mines. The silver is of particular interest from the aspect that we have encountered up to very high grade intervals (i.e. 5ft of 60 ozAg/st and 2ft of 240 ozAg in RR11-13), and locally very thick intervals of the metal in a number of drill holes within several targets, notably the Bullion Fault structural corridor, Railroad Fault corridor, and of course in the historically mined Central Bullion area. We believe that discovery of significant bulk-mineable copper with a strong precious metals credit can significantly enhance shareholder value. Some of our exploration effort will build on this opportunity.”
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 CORP. – Gold Standard Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 40,000 acres of prospective ground within North Central Nevada and the Walker Lane of which 16,748 acres comprise the flagship Railroad Gold Project on the productive Carlin Gold Trend.
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.
On behalf of the Board of Directors of Gold Standard,
“Jonathan Awde”
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde
President
Tel: 604-669-5702
Email: info@goldstandardv.com
Website: www.goldstandardv.com
futr
Added yesterday and today. Someone else has been banging the close for 3 days, I think we are going to hear something very soon.
I imagine GSV is doing everything to prove their Railroad property is truly comparable to others already being mined on the Carlin trend. The whole bet is that the huge deposit is there, and will be found -- and if so, I could see this miner acquired for 10 times its current price.
Most miners right now though are only getting about 40 percent markup. They definitely would need more great drill results to get much more than that.
Thanks for your post. I was aware of some of the points you made, but not all, so thank you!
Looks like there could be an upswing on gold in the coming weeks due to the possible start of a war with Syria. I'm never for war as a solution, but if the US and other countries agree to attack it could bode well for GSV and other miners.
On another point that we've both brought up is gsv being a target of acquisition: If this next round of drilling is successful do you have any thoughts on the PPS if GVS is bought out? I'm thinking anywhere from $2.50-$5 -- depending on what they find. Also, I haven't been able to find an answer about dates pertaining to this drill. I know it started in August but does it have to be completed by a certain date with regards to legal issues such as permits and things that fall under this purview? If there is a date then an timetable could be estimated for an upswing in the share price or even a possible offer -- if one is made. Thanks!
I imagine you've read the same stuff as me. But according to info told to the Calahan Report, the recent private placement was mostly one company that now has a 4.99 percent stake in the company. Once it goes over 5 percent, then the company's name needs to be made public. I assume this investment came after a lot of DD, and that it is similar to Teck's 10 percent investment in Midas Gold. Both MIDAS and GSV look as if they're being targeted for acquisition.
That said, I imagine it totally depends on yet-know, upcoming drill results from GSV.
I'm also a little frustrated by its PPS too, but if gold prices don't collapse again, then I think some of the undervalued explorers (who are still at June lows) with upcoming catalysts (GSV, Red Eagle, etc) will all bump up as Belo Sun and others have recently done. Hope this happens, at any rate.
Ben-- I've been reading all positive news as well, which definitely makes it that much more frustrating to see the share price struggling between .56-.65 -- give or take a few pennies.
management is a powerhouse -- very educated, in the industry for a long time, knowledgable/smart decision-makers, know the right people to get deals done at the right time.
I do think it is only a matter of time until something positive happens, but what that positive will be and for how much I'm just not sure. I do, however, believe a lot is riding on the success of the outcome of this current drill.
In your opinion, if this current drill is successful, what do see happening with the company? Do you see Newmont or another one of the bigs buying them? From what I've read Newmont is the obvious buyer. Or do you see something else happening in that crystal ball of yours? Very interested to hear your thoughts!
It's unfortunate that there's never anyone on this board. I would like to hear other people's opinions as well.
Thanks!
I have been reading only extremely positive things about GSV lately, with Calandra and Brent Cook among the more bullish. Assuming good drill finds in August and September, and this should explode pretty well. Right now, it seems to have some impatient investors who are just not used to the exploratory miner trade, where patience is key.
Am I reading this financing deal the wrong way? I thought this would be received as positive, especially with how difficult it is for mining companies to get financing in this economic environment. And since gsv found another site that contains high grade gold, shouldn't the share price be near a dollar by now?!?! Frustrating to say the least!
Their Exploration and Drilling just gets Better!
http://goldstandardv.com/gold-standard-ventures-intersects-additional-high-grade-gold-mineralization-within-the-north-bullion-deposit-gold-envelope-continues-to-expand-railroad-project-carlin-trend-nevada/
Map-
http://goldstandardv.com/images/nbzf-drill-holes.jpg?utm_source=Gold+Standard+Ventures+Corp.+List&utm_campaign=fd6a2e9d9f-Email+May+21+2013&utm_medium=email&utm_term=0_7a34ae8f75-fd6a2e9d9f-
futr
They even look textbook here. Gold is ready to explode imo.
Love it when that happens
Pg 19 says O/S is 83.6 mil and Insiders & Associates own 20% and Institutions own 50%
~ $GSV ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$GSV has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "GSV" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "GSV": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=GSV ~
Search Ihub for "GSV" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GSV ~
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~ http://stockcharts.com/school/doku.php?id=chart_school ~
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This can be a fast mover with more volume. Currently at .73 with not much resistance until $1.03 on the daily chart. The float is 77.57M shouldn't be that hard to get it moving.
Great news!
http://finance.yahoo.com/news/gold-standard-ventures-intersects-additional-120000179.html
Gold Standard Ventures Significantly Expands Gold Envelope Along North Bullion Fault Zone on its Railroad Project, Carlin Tre...
Print
Alert
Gold Standard Ventures Corp. Common Stock (Canada) (AMEX:GSV)
Intraday Stock Chart
Today : Thursday 7 February 2013
Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV)(NYSE Amex:GSV) ("Gold Standard" or the "Company") (www.goldstandardv.com) today released new results from Phase 1 drilling of the North Bullion Fault Zone (NBFZ) deposit at its 100% controlled Railroad Project in Nevada's Carlin Trend. The results extend the 1 to 3 gram envelope of gold mineralization at NBFZ to the north and to the south by more than 1500ft (approx. 500m), with holes RR12-27 (approx. 55ft of 0.057 oz Au/st (16.8m of 1.95 g/t Au)) and RR12-24 (132 feet of 0.039 oz Au/st (40.2m of 1.34 g/t Au)) confirming continuation of mineralization to the south. The envelope now appears to stretch from hole RR11-9 in the north to hole RR12-24 in the south, a total of more than 3000ft (approx. 1000m), and it remains open in multiple directions. The high grade zone that lies within this envelope ranges from 5 to 15 grams per tonne gold and has been traced to date for about 900ft (300m) in contiguous drill holes RR11-16, RR12-1, and RR12-10. (Please see drill hole location map at http://goldstandardv.com/images/nbzf-drill-holes.jpg )
In Phase 1, the drilling was carried out at approximate 300ft (100m) spacings in a west-to-east orientation, which was determined to be the most effective direction for successfully exploring the size and continuity of the NBFZ deposit. Analysis and interpretation of the Phase 1 drill results has led to the conclusion that a west-to-east orientation has likely drilled sub-parallel to high grade feeder zones, the known source of the mineralization in the larger lower-grade envelope. Phase 2 definition drilling has now begun which will be oriented from east to west, to cut across the anticipated feeder zones at higher angles. The spacing of Phase 2 will be tighter, at approximately 160ft (approx. 50m), and will focus primarily on the high grade centre as indicated by Phase 1 drill holes, with step-outs and offsets to follow the high grade zones as warranted. Initially, this definition drilling program will consist of approximately 10 to 12 holes, with potential for additional holes based on results.
Dave Mathewson, Gold Standard's Vice President of Exploration, states that: "Phase 1 drilling has affirmatively answered the question as to whether or not the NBFZ deposit has the size and continuity to support a large, Carlin-style deposit. At this point, we understand enough about the deposit's controls to begin the process of definition drilling, initially in the central portion of the deposit. We expect the change in drill orientation to cut additional high grade feeder zones," he said.
"Carlin-type gold deposits tend to occur within structural corridors. We expect to see periodic recurrences of the NBFZ deposit along the Bullion Fault Corridor, in a predictive fault-generated pattern typical of Carlin systems. Surface geochemistry, gravity and CSAMT geophysical data indicate that the Bullion Fault Corridor is highly prospective for at least 5 miles (8 kilometers) to the south. We will continue to pursue extensions of the NBFZ deposit and we will also explore for additional NBFZ-style deposits along the Bullion Fault Corridor to the north and south. Previously, we had not been able to get to the southern extension of the corridor because of a combination of unsecured mineral rights and permitting limitations but these issues have now been resolved," Mathewson said.
The Railroad Project Plan of Operations approved by the Bureau of Land Management (BLM) December, 2012 allows up to 200 acres of disturbance on the public lands in addition to the previously permitted alternating private sections permitted through the Nevada Department Of Environmental Protection. As a result the vast majority of the Bullion Fault, sufficient for a major drill campaign along the Bullion Fault Corridor, is fully permitted.
Please see table below for detailed significant Intercepts for North Bullion Fault Zone.
----------------------------------------------------------------------------
Intercept Thickness Grade Intercept Thickness Grade
RR12-13 (ft) (ft) (oz/st) (m) (m) (g/t)
----------------------------------------------------------------------------
347-393 46 0.026 105.8-119.8 14 0.892
----------------------------------------------------------------------------
909-1083 174 0.02 277.1-330.2 53.1 0.686
----------------------------------------------------------------------------
1193-1263 70 0.02 363.7-385.0 21.3 0.686
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Intercept Thickness Grade Intercept Thickness Grade
RR12-15 (ft) (ft) (oz/st) (m) (m) (g/t)
----------------------------------------------------------------------------
212-306 94 0.012 64.6-93.3 28.7 0.412
----------------------------------------------------------------------------
441-517 76 0.016 107.0-157.6 23.2 0.549
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Intercept Thickness Grade Intercept Thickness Grade
RR12-18 (ft) (ft) (oz/st) (m) (m) (g/t)
----------------------------------------------------------------------------
804-824 20 0.011 245.1-251.2 6.1 0.377
----------------------------------------------------------------------------
903-1037 134 0.023 275.3-316.2 40.9 0.789
----------------------------------------------------------------------------
1568-1596 28 0.033 478.1-486.6 8.5 1.132
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Intercept Thickness Grade Intercept Thickness Grade
RR12-19 (ft) (ft) (oz/st) (m) (m) (g/t)
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842-881 39 0.013 256.7-268.6 11.9 0.446
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1161-1187 26 0.038 354.0-361.9 7.9 1.303
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1742-1764 22 0.008 531.1-537.8 6.7 0.274
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2027-2050 23 0.01 618.0-625.0 7 0.343
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RR12-20 No Significant Gold Interval greater than 20 feet
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Intercept Thickness Grade Intercept Thickness Grade
RR12-24 (ft) (ft) (oz/st) (m) (m) (g/t)
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293-312 19 0.022 89.3-95.1 5.8 0.274
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867-898 31 0.017 264.3-273.8 9.5 0.583
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923-1055 132 0.039 281.4-321.6 40.2 1.34
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including 1005-1055 50 0.072 306.4-321.6 15.2 2.47
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RR12-25 (Hole Intercept Thickness Grade Intercept Thickness Grade
lost at 1406.5) (ft) (ft) (oz/st) (m) (m) (g/t)
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1,152-1,174 22 0.012 351.2-357.9 6.7 0.411
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Intercept Thickness Grade Intercept Thickness Grade
RR12-27 (ft) (ft) (oz/st) (m) (m) (g/t)
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496-551 55 0.057 151.2-168.0 16.8 1.955
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870-890 20 0.014 265.2-271.3 6.1 0.48
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959-1,007 48 0.011 292.4-307.0 14.6 0.377
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1,037-1,087 50 0.022 316.2-331.4 15.2 0.754
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(i)note: the gold intervals reported in the above table are based on a 0.300
g Au/t (0.008 oz Au/st) cutoff. The reported gold intervals may, or may not
represent true thicknesses and, or widths. In general, the gold distribution
within these large, complex tectonic and collapse breccia bodies tends to be
irregular and determinable by grade breaks only.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance:
All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. Core was cut at the company's facility in Elko and one half was sent to the lab for analysis and the other half retained in the original core box. A blank, quarter core duplicate or certified reference material was inserted approximately every tenth sample. The samples are delivered to ALS Minerals preparation facility in Elko. The samples are crushed and pulverized and sample pulps are 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. All other elements are determined by ICP analysis. 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 Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 40,000 acres of prospective ground within North Central Nevada and the Walker Lane of which 18,130 acres comprise the flagship Railroad Gold Project on the productive Carlin Gold Trend.
On behalf of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
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 current drill plans 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. Such factors include, among others, the following risks: operational risks associated with mineral exploration; unanticipated geological formations, 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). Furthermore, the existence of gold deposits on nearby properties is not necessarily indicative of the mineralization on our properties. 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.
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.
Contacts:
Gold Standard Ventures Corp.
Jonathan Awde
President
604-669-5702
info@goldstandardv.com
www.goldstandardv.com
futr
BLM releases mining district environmental assessment http://www.rgj.com/article/20121002/BIZ/310020016/BLM-releases-mining-district-environmental-assessment?nclick_check=1
Argue words, that is my first impression and like I said I have not researched it yet.
GVS has a market value as on Aug 31st of $103,396,953. The 2nd quarter financials have not been filed. For an explorer, that is over valued.
The operating and administrative expenses for the three months ended March 31, 2012 totalled $1,695,351 (March 31, 2011: $1,273,047), including share-based compensation issued during the quarter, valued at $955,208 (March 31, 2011: $843,629) calculated using the Black Scholes option pricing model.
Comparatively, the major expenses for the quarter ended March 31, 2012 were management fees of $102,000 (March 31, 2011 - $82,000), professional fees of $127,479 (March 31, 2011 - $26,052), office
expenses of $57,259 (March 31, 2011 - $37,528), consulting fees of $53,200 (March 31, 2011 - $40,473), investor relations of $65,058 (March 31, 2011 - $36,096) and regulatory and shareholder service of $44,197 (March 31, 2011 - $22,037).
Like I said, I consider it to be over valued. When they find some gold it may grow into its evaluation.
From your previous post-
I have not researched GSV as I consider it to be over valued.
Please show me where I posted an opinion. Like I said I have not done full research on GSV.
How can you have an opinion, anyone might consider valid, if you admit you haven't researched it?
futr
I simply posted what I found. I have not researched GSV as I consider it to be over valued.
While I appreciate the link to that writeup regarding a neighbor's drill results...
I do find that report grossly misleading in that the intervals of the "better" results are very short[i.e. < than 2 meters at the high end as compared to >100 meters on GSV's results],and as such not nearly as significant as GSV's
http://www.theaureport.com/pub/co/2405
futr
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Jan 17, 2011
Shares outstanding | 42,735,559 million |
Options outstanding | 2,750,000 million |
Warrants outstanding | 16,989,449 million |
Fully diluted | 62,475,008 million |
Gold Standard Ventures acquired the Railroad District in 2009, and is now in the process of applying modern-day exploration techniques and models to discovering new gold deposits in this target-rich District. Carlin-style deposits are in evidence with about 150 thousand ounces of gold at 2+grams grade discovered from surface outcroppings and limited, previous shallow drilling. Targets below 400 to 500 feet remain undrilled and many targets obscured by structural complexity and cover have yet to be drilled. Gold Standard Ventures has identified several new target opportunities and is in the process of assessing these targets with both reverse circulation and core drilling.
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