After our initiating coverage of May 26, 2014, we traveled to the gold-rich Carlin Trend in Nevada - home of the world‘s most significant gold deposits that made Newmont and Barrick what they are today: the largest gold mining companies of the world.
LONDON, ENGLAND / ACCESSWWIRE / June17, 2014 / We met with former Newmont geologists John Norby, Mac Jackson and Steven Koehler. On May 30, it was made public that these 3 high-carat personalities are taking over the geological department of Gold Standard Ventures Corp. ("GSV"). The one responsible for that division before was David C. Mathewson - probably Nevada‘s sole true "elephant hunter" - who discovered the Emigrant and Rain Deposits for Newmont and the North Bullion Deposit for GSV, amongst other deposits. Mathewson will remain an advisor to the company for at least 1 year.
On June 5, it was announced that GSV has already completed 5 of the 13 phase-1 drill holes on Pinion. At GSV‘s premises in Elko, we went through these core holes with a fine-tooth comb and can confirm that it looks like as if GSV cut through significant mineralization over remarkable lengths.
We expect the release of drill results any time now, whereas we anticipate a regular newsflow that is set to supply the market with new lab results in a weekly fashion.
After having inspected the first 5 core holes ourselves and having seen the drilling of 2 holes in the northern limits of the historic Pinion Deposit, we came to the conclusion that chances are extraordinarily high that the historic resource estimate (~840,000 oz @ ~0.9 g/t Au) not only will be confirmed until next month, but may be expanded significantly.
Before presenting videos and pictures of our site visit on June 6, we would like first to briefly elaborate on the
significance of Pinion – a gold oxide deposit that has been known for more than 30 years but could not see proper exploration and development due to finely dispersed ownership holdings by private hands and public companies.
Recently, GSV succeeded in becoming the very first to have completely consolidated the Pinion District under one roof. GSV‘s 100% ownership of Pinion probably was the main reason why John Norby said yes to the engagement proposal from GSV, because he and his team can now develop this highly prospective deposit finally towards production.
The full research report can be downloaded with the following links:
Link to the Site Visit Video:
Short video about RC hole PIN14-05 that was drilled during our site visit (June 6, 2014) and reacts heavily when performing the acid test indicating that the drilled intercept in 300 m depth is probably still oxidized breccia:
SOURCE: ROCKSTONE RESEARCH LTD.