Gold Standard recovers 82.2% gold at Railroad project

26 January 2014 (Last Updated January 26th, 2014 18:30)

Gold Standard Ventures has reported an 82.2% gold recovery on its 100%-owned Railroad project in the Carlin Trend of Nevada, after successful metallurgical tests on the Bald Mountain gold-copper oxide discovery.

Gold Standard Ventures has reported an 82.2% gold recovery on its 100%-owned Railroad project in the Carlin Trend of Nevada, after successful metallurgical tests on the Bald Mountain gold-copper oxide discovery.

The metallurgical test was performed by Inspectorate Labs of Reno, Nevada.

As reported on 2 October 2013, the first hole drilled in the Bald Mountain target was vertical core hole RRB13-1, which intersected 56.1m of 1.47g per tonne of gold, including an internal interval of 7.3m of 5.66g per tonne of gold.

The gold intercept was hosted entirely in oxidised hornfels breccia, representing the most significant oxidised gold mineralisation found in the northern Railroad project area to date.

"We will focus on expanding the Bald Mountain target and identifying other oxide opportunities in the area."

RRB13-1 also intersected a separate copper zone returning 23.3m of 0.4% copper as well as narrower but high-grade intercepts of other base metals and silver, just below the gold intercept.

Gold Standard`s exploration vice-president Dave Mathewson said: "Now that we have confirmed that these oxide opportunities are likely to be leachable, especially as indicated in RRB13-01, we will focus on expanding the Bald Mountain target and identifying other oxide opportunities in the area."

Gold Standard also herewith reports the most significant assay from two holes, RRB13-02 and RRB13-03, completed in late 2013 within the Central Bullion area, from the Sylvania and Steve's Camp targets, respectively.

While the mineralisation in these targets remains of interest, work in the Central Bullion area will focus on the high gold values found at Bald Mountain.

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