EXPLORATION & DEVELOPMENT

Gold Standard hits 161.5m at 3.33g/t gold

Dark Star exploration shines

Staff reporter
Dark Star drilling "beyond expectations"

Dark Star drilling "beyond expectations"

Four key highlights from ongoing step-out and infill drilling at Dark Star were 161.5m at 3.33g/t gold, 136.6m at 3.36g/t, 112.8m at 1.42g/t and 92.9m at 1.22g/t.

"[This] drilling is taking us well beyond the current resource limits at Dark Star and also beyond our expectations for the district as a whole," CEO and director Jonathan Awde said.

"We are now revising the current programme to further test the depth potential in those areas where the structural plumbing system appears to support it.

"The results could have important implications for the future development of the district."

The results will feed into a preliminary economic assessment for Railroad-Pinion later this year and Gold Standard said it would give the opportunity to convert inferred resources to measured and indicated, which was important at Dark Star where 73% of the existing resource was inferred.

The OceanaGold (15.5%) and Goldcorp-backed company has a 2018 budget of US$25.8 million for exploration and development.

Goldcorp increased its stake last month from 9.86% to 12.73%.

Gold Standard had C$38 million (US$29 million) in cash at the start of June.

It shares have ranged between $1.50-$2.46 over the past year in Toronto and closed up 4c yesterday to $2.15.

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.