Gold Standard Ventures Provides Dark Star Exploration Update
Dark Star Main mineralization remains open to the east
VANCOUVER, British Columbia, April 26, 2021 (GLOBE NEWSWIRE) -- Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) ("Gold Standard" or the "Company") today announced drill results from 14 reverse circulation ("RC") / sonic holes and 5 core holes at the Dark Star oxide gold deposit (https://goldstandardv.com/site/assets/files/4489/dark_star_rc_drilling_map.pdf). Drill holes DR20-01 through DR20-09 were previously released on November 18, 2020.
Key Exploration Highlights:
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Drill holes DR20-10 through DR20-14 tested for extensions of bedrock mineralization at Dark Star Main. The oxide mineralization results reported in DR20-12 (57.9m @ 0.68 g Au/t) and DR20-14 (29.0m @ 0.56 g Au/t) continue to demonstrate that that mineralization remains open to the east at Dark Star Main.
Jason Attew, President and CEO, commented, "Dark Star Main remains open to the east and provides an opportunity to incrementally grow the resource base with further drilling. Any additional ounces delineated at Dark Star would be economically attractive given mineralization starts at surface and is planned to be mined early in the project life."
Development Highlights:
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Drill holes DC20-01 through DC20-05 were completed as geotechnical core holes designed to assess pit wall stability and design. DC20-05 (11.2m @ 1.77 g Au/t) did intersect oxide mineralization along the West Fault.
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Drill holes DR20-15 through DR20-23, and SS21-13 through SS21-14 were completed on a zone of gravels east of the Dark Star Main deposit. The gold grades intersected represent an eroded portion of the Dark Star Main deposit and are currently being evaluated for utilization / suitability as over-liner on the proposed heap leach pad.
Dark Star Drill Results:
| Drill Hole | Method | Azimuth | Incl. | TD (m) | Intercept (m) | Thickness (m) | Grade (g Au/t) |
| DR20-10 | RC | 270 | -70 | 137.2 | No significant results | ||
| DR20-11 | RC | -90 | 96.0 | No significant results | |||
| DR20-12 | RC | -90 | 140.2 | 0-57.9 | 57.9 | 0.68 | |
| Including | 30.5-44.2 | 13.7 | 1.32 | ||||
| DR20-13 | RC | 270 | -68 | 204.2 | 0-79.3 | 79.3 | 0.68 |
| Including | 57.9-74.7 | 16.8 | 1.47 | ||||
| DR20-14 | RC | -90 | 80.8 | 0-29.0 | 29.0 | 0.56 | |
| DR20-15 | RC | -90 | 82.3 | No significant results | |||
| DR20-16 | RC | -90 | 82.3 | 62.5-70.1 | 7.6 | 0.21 | |
| DR20-17 | RC | -90 | 82.3 | No significant results | |||
| DR20-18 | RC | -90 | 82.3 | 48.8-53.4 | 4.6 | 0.19 | |
| 61.0-68.6 | 7.6 | 0.16 | |||||
| DR20-19 | RC | -90 | 94.5 | 3.1-9.2 | 6.1 | 0.27 | |
| DR20-20 | RC | -90 | 82.3 | 24.4-29.0 | 4.6 | 0.16 | |
| DR20-21 | RC | -90 | 82.3 | 0-9.1 | 9.1 | 0.30 | |
| DR20-22 | RC | -90 | 82.3 | No significant results | |||
| DR20-23 | RC | -90 | 82.3 | 21.3-30.4 | 9.1 | 0.23 | |
| 48.8-54.9 | 6.1 | 0.23 | |||||
| DC20-01 | Core | 20 | -80 | 274.3 | No significant results | ||
| DC20-02 | Core | 225 | -80 | 228.6 | No significant results | ||
| DC20-03 | Core | 75 | -80 | 152.4 | 81.7-121.3 | 39.6 | 0.28 |
| DC20-04 | Core | -90 | 205.7 | No significant results | |||
| DC20-05 | Core | 90 | -80 | 152.4 | 66.5-77.7 | 11.2 | 1.77 |
| SS21-13 | Sonic | -90 | 45.7 | 0-9.1 | 9.1 | 0.18 | |
| SS21-14 | Sonic | -90 | 36.6 | 0-13.7 | 13.7 | 0.21 | |
| Note: Gold intervals reported in this table were calculated using a 0.14 g Au/t cutoff for oxide mineralization and a 1.0 g Au/t cutoff for reduced mineralization. Weighted averaging has been used to calculate all reported intervals. True widths are estimated at 70-90% of drilled thicknesses. | |||||||
