Gold Standard Ventures' aggressive 2017 drill program has the potential to
substantially increase resources at its Nevada project, and with Goldcorp and
OceanaGold already owning substantial percentages of the company, Gold
Standard could be attractive to majors looking to add resources in the
high-grade Carlin Trend.
Gold
Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced last month an
exploration program for 2017 at its 100%-owned Railroad-Pinion
project in the Carlin Trend in Nevada. The program includes up to 48,000
meters of reverse-circulation drilling and core drilling in 117 holes.
According to the company, the program will aggressively drill the North Dark
Star gold discovery, drill to expand known resources at Dark Star and Pinion,
and drill to test high-value targets.
Jonathan Awde, CEO of Gold Standard stated: "Railroad-Pinion has now
become a truly district-scale play with multiple deposits of different types.
Each year, we set out to find the limits of the gold systems we have
discovered and each year we end up with new opportunities that exceed our
expectations. We think 2017 will be no different. We believe we have found
the right balance between expanding and advancing resources at known deposits
and continuing to evaluate the many new targets that have emerged over the
past year. This should be a very exciting next few months."
Gold Standard's 2016 successful drill program connected North Dark Star gold deposit and the main Dark
Star deposit, discovered a western extension of the high-grade Dark Star
mineralization, and found a northern extension of the high-grade North
Bullion Deposit. These discoveries offer the possibility of a large-scale
deposit. Drilling also highlighted potential at new prospects Sentinel and
Irene.
Michael Gray of Macquarie Research noted that the Sentinel discovery is
significant because "i) it could expand the overall Pinion deposit
toward critical mass for mine development; ii) it opens up yet another
stratigraphic package for exploration; and iii) supports our "multiple
targets�district potential" thesis that large systems are at play."
Brien Lundin in Gold Newsletter noted that the 2017 drill program
"is an ambitious program and one I expect to add significant value to
this project and this company. Given the sizable amount of smart money that
Gold Standard has attracted to this project, the upside potential here
continues to be substantial. . .the 2017 drill program should go a long way
toward telling us just how much size potential this project has."
Goldcorp
Inc. (G:TSX; GG:NYSE) in February 2016 purchased 9.9% of Gold Standard
Ventures, and OceanaGold Corp. (OGC:TSX; OGC:ASX) exercised its right
to increase its share of Gold Standard Ventures to 19.9%.
"More magic could well await us as the 2017 drill program progresses,
with the potential of some developments on the M&A front," Lundin
concluded.
Disclosure:
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and
provides services to Streetwise Reports as an employee. She owns, or members
of her immediate household or family own, shares of the following companies
mentioned in this article: None. She is, or members of her immediate
household or family are, paid by the following companies mentioned in this
article: None.
2) The following companies mentioned in this article are sponsors of
Streetwise Reports: Gold Standard Ventures Corp. Streetwise Reports does not
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Additional
Disclosures for this Content
Macquarie Research, Gold Standard Ventures Corp., Feb. 9, 2017
Macquarie Capital (USA) Inc. or one of its affiliates, expects to receive
or intends to seek compensation for investment
banking services from Gold Standard Ventures Corp in the next three months.
MACQUARIE CAPITAL MARKETS CANADA LTD./MARCH�S FINANCIERS MACQUARIE CANADA
LT�E. or one of its affiliates has provided Gold Standard Ventures Corp with
investment advisory services in the past 24 months, for which it received
compensation.
MACQUARIE CAPITAL MARKETS CANADA LTD./MARCH�S FINANCIERS MACQUARIE CANADA
LT�E. or one of its affiliates managed or co-managed a public offering of
securities of Gold Standard Ventures Corp in the past 12 months, for which it
received compensation.
Important disclosure information regarding the subject companies covered
in this report is available at www.macquarie.com/research/disclosures.
Analyst certification: We hereby certify that all of the views expressed
in this report accurately reflect our personal views about the subject
company or companies and its or their securities. We also certify that no
part of our compensation was, is or will be, directly or indirectly, related
to the specific recommendations or views expressed in this report. The
Analysts responsible for preparing this report receive compensation from
Macquarie that is based upon various factors including Macquarie Group Ltd
total revenues, a portion of which are generated by Macquarie Group�s
Investment Banking activities.
Disclosures from Gold Newsletter,
March 2016
The publisher and its affiliates, officers, directors and owner actively
trade in investments discussed in this newsletter. They may have positions in
the securities recommended and may increase or decrease such positions
without notice.
The publisher is not a registered investment advisor. Subscribers should
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