VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/22/13 -- Gold Standard Ventures Corp. (TSX VENTURE: GSV)(NYSE MKT: GSV)(NYSE Amex: GSV) ("Gold Standard" or the "Company") (www.goldstandardv.com) today reported assays from a new, previously unknown zone of copper and silver mineralization in the historic Central Bullion target area. RRB12-03, a core hole completed in November, intersected 65 feet of 3.06 oz silver per short ton with 0.80% copper and 0.08% molybdenum from 45 to 110 feet within a 250 foot thick zone of 1.3 oz Ag/st and 0.25% Cu, and a second higher-grade zone of 44 feet of 6.42 oz silver per short ton with 2.48% copper from 913 to 957 feet within a 187 foot thick zone of 1.7 oz Ag/st and 0.78% Cu (see table below). Both zones of mineralization occur within skarn straddling a granodiorite dike. The true thicknesses of these mineralized zones are unknown at this stage, however mineralization appears to be broadly disseminated and is relatively uniformly distributed within the skarn.
RRB12-03 is a -45 degrees core hole that was drilled to test a west-northwest trending dike-filled corridor of skarn and a coincident surface soil anomaly of copper and other metals, adjacent to the Tertiary and Cretaceous age Bullion stock (see map at http://goldstandardv.com/railroad-central-bullion-targets/ for locations of hole drilled by GSV). This intercept represents a new, previously unknown zone of strong silver and copper mineralization. Previous holes have encountered relatively thin zones of copper, silver and other metals (see RRB12-01 and 02 in 2012 drill table on website at http://goldstandardv.com/wp-content/uploads/2010/01/Drill-Table-2012.pdf). Up to now, the Central Bullion target area has received only limited exploration due to drill permitting limitations. With the Plan of Operations (POO) finalized in December, 2012, Gold Standard Ventures can now proceed with a more aggressive drilling program.
Dave Mathewson, Gold Standard's Vice President of Exploration, states that, "The Central Bullion target area has been of compelling interest from the onset of our Railroad exploration program because of the exceptional high grades of metals historically mined in the area combined with the presence of a large area of strong surface rock and soil geochemistry, and the limited amount drilling, especially with core, conducted in this target area. RRB12-03 is by far the best hole we have drilled in the area, and it appears to be indicative of an important new zone of mineralization."
Please see table below for detailed significant Intercepts.
---------------------------------------------------------------------------- CENTRAL BULLION DRILL HOLE RRB 12-03 Significant Intercepts---------------------------------------------------------------------------- GRADEDRILL TD TD INTERCEPT THICKNESS (ozAuHOLE TARGET (FEET) (METERS) (FEET) (FEET) /st)----------------------------------------------------------------------------RRB12-03 C. Bullion 1567 477.7 76-81 5 0.032---------------------------------------------------------------------------- 20-270 250 - ----------------------------------- ----------------------------------------------- Including 45-110 65 ----------------------------------------------- ----------------------------------- 680-710 30 ----------------------------------- ----------------------------------- 913-1,100 187 ----------------------------------- ----------------------------------------------- Including 913-957 44 ----------------------------------------------- ----------------------------------- 1,182-1,208 26 ----------------------------------- ----------------------------------- 1,290-1,332 42 ----------------------------------- ----------------------------------- 1,449-1,466 17 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- OTHERDRILL INTERCEPT THICKNESS GRADE AG,CU, PB,ZN,HOLE TARGET (METERS) (METERS) gAu/T ETC.----------------------------------------------------------------------------RRB12-03 C. Bullion 23.2-24.7 1.5 1.10 ----------------------------------------------------------------------------- 6.1-82.3 76.2 - 1.28 oz/st Ag ------------------------------------------------------ 0.25% Cu ------------------------------------------------------ 13.7-33.5 19.8 3.06 oz/st Ag ------------------------------------- 0.80% Cu 0.08% Mo 1.08% Pb 0.79% Zn ------------------------------------------------------ 207.3-216.5 9.1 0.71% oz/st Ag ------------------------------------- 0.27% Cu ------------------------------------------------------ 278.4-335.4 57.0 1.7 oz/st Ag ------------------------------------- 0.78% Cu ------------------------------------------------------ 278.4 - 291.8 13.4 6.42 oz/st Ag ------------------------------------- 2.48% Cu 0.31% Pb ------------------------------------------------------ 360.4-368.5 7.9 0.63 oz/st Ag ------------------------------------- 0.78% Cu 0.83% Zn ------------------------------------------------------ 393.3-406.1 12.8 0.67 oz/st Ag ------------------------------------- 0.52% Cu 0.56% Zn ------------------------------------------------------ 441.8-447 5.2 0.31% Cu ------------------------------------- 0.22% Zn----------------------------------------------------------------------------
