EXPLORATION & DEVELOPMENT

Dark Star drilling 'intriguing'

Gold Standard Ventures hits 136m at 2.67g/t gold

Staff reporter

This article is 7 years old. Images might not display.

Dark Star is part of its flagship Railroad project on the Carlin Trend and the drilling is part of a US$15.5 million 2017 programme.

CEO Jonathan Awde said the deposit continued to "surprise us to the upside".

He said the high-grade zone to the north was expanding beyond modelling, drilling confirmed Dark Star remained open to the east and west and "perhaps most intriguing" was evidence that higher grade oxide material may recur at deeper levels than previously thought.

The company is working on a resource update for Dark Star, which currently contains an indicated 15.38 million tonnes grading 0.54g/t gold for 265,100 ounces and an inferred 17Mt at 1.31g/t for 715,800oz, using a 0.2g/t cut-off.

Metallurgical results from Dark Star last month averaged 86.5% recoveries for oxide and 70% for partially oxidised transitional material.

The project hosts two other deposits, Pinion and North Bullion where a maiden resource in September established an indicated 2.92Mt resource at 0.96g/t for 90,100oz.

Gold Standard graduated from the TSX Venture Exchange last month to the TSX and its shares rose more than 16% yesterday to C$1.94 to capitalise it around $453 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.