• Gold Explorer's Projects Offer 'Significant Room for Value Creation'

    Gold Explorer's Projects Offer 'Significant Room for Value Creation'

    Source: Streetwise Reports 08/14/2018 A ROTH Capital Partners report relayed the key points from the company's quarterly update. In an Aug. 12 research note, Joe Reagor, analyst with ROTH Capital Partners, reported that near-term upside exists in two of Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) projects and that the company's Q2/18 results were "slightly better than expected but generally uneventful." Reagor noted the market responded favorably to comments by Seabridge's management about the exploration potential at its Kerr Sulphurets Mitchell (KSM) and Courageous Lake projects, where "we continue to believe there is significant room for value creation." Drill results from KSM's Iron Cap are expected to be catalysts, later in 2018. Also, drill results from recent Courageous Lake findings "could lead to significantly improved project economics." The analyst highlighted that ROTH views the market's reaction as warranted. "We base this belief on the company's potential for resource growth through exploration and a lack of a response to prior announcements regarding discoveries at Courageous Lake," he added. As for Seabridge's Q2/18 financial result, it was a $0.04 per share loss, which compares to ROTH's estimate of a $0.06 loss. "We do not view this as a meaningful beat as the company remains a pre-revenue company," Reagor qualified. He reiterated ROTH's Buy rating and US$17 per share price target on Seabridge, which is trading currently at around US$12.90 per share. Read what other experts are saying about: Seabridge Gold Inc. [NLINSERT] Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Seabridge Gold. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not ...read more
  • Jack Chan's Question: Is This an Exhaustion Gap or a Breakaway Gap?

    Jack Chan's Question: Is This an Exhaustion Gap or a Breakaway Gap?

    Source: Streetwise Reports 08/13/2018 In his weekly precious metals market update, technical analyst Jack Chan charts the latest moves in the gold and silver markets.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable for traders. Our ratio between gold and gold stocks is on short-term sell signal. Speculation on gold is at a multiyear low. Silver is on a long-term buy signal. SLV is on a short-term buy signal, and short-term signals can last for days to weeks, more suitable for traders. COT data is at levels of previous bottoms. UUP, ETF for USD, gapped up on Friday. The question is, is this an exhaustion gap or breakaway gap? Over the years, my observation on such a gap after an extended rally is often an exhaustion gap. FXE, ETF for the Euro, may help shed some light. Friday’s gap had the lightest volume relative to the two previous gaps, a sign of selling exhaustion. SummaryThe precious metals sector is on a long-term buy signal. Short-term is on mixed signals. The cycle is down. From a contrarian point of view, the current extreme bearish sentiment is an excellent buying opportunity for long-term investors. We are holding gold-related ETFs for long-term gain. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011. [NLINSERT] Disclosure: 1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) Jack Chan: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model, which provides us the signals and set-ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. We ...read more
  • Turning Dimes to Dollars in British Columbia

    Turning Dimes to Dollars in British Columbia

    Source: John Newell for Streetwise Reports 08/13/2018 John Newell, technical analyst and portfolio manager with Fieldhouse Capital Management, profiles a prospect generator exploring in and around British Columbia's Golden Triangle.Goliath Resources Ltd. (GOT:TSX.V) is a precious metals project generator focused in the prolific Golden Triangle and surrounding area of northwestern British Columbia. Why the Golden Triangle? Much has been written about British Columbia's Golden Triangle, as it is one the richest reservoirs of metal in the world. The Golden "Triangle," "rectangle" or more aptly, a "Golden Corridor," as we like to call it, is one of the most richly mineralized areas in the world. This Golden "Corridor" is a small part of a much larger geological feature of the Pacific "Ring of Fire." It is associated with some of the largest and richest mineral deposits in the world, from Indonesia through Japan, Alaska, the Yukon, down through Nevada, to the metal-rich Mexico, Colombia, Peru, and the massive copper deposits of Chile. The Golden Triangle is at a much earlier stage of exploration than other mineral-rich areas like Nevada and Chile. However, with the recent snowpack and glacial abatement in the area, new exciting targets are now being exposed at surface and being seen for the first time in +12,000 years. Also, the success of Pretium Resources Inc. (PVG:TSX; PVG:NYSE) that began production last year and Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) massive, ever-expanding KSM and Valley of the Kings deposits have encouraged new infrastructure buildout, such as new roads, rail and power lines. The Golden Triangle is coming of age, after more than 120 years of mining history, men's dreams built and broken, looking for the sweet spot by having to drill through hundreds of meters of ice. The northern British Columbia deposits are large porphyry copper-gold deposits, but the area has a variety of other deposits. An example is Eskay Creek (Stikine SKZ.V) a Volcanogenic Massive Sulphide deposit that produced more than 3 million ounces of gold, 160 million ounces of silver with grades of 49 grams per ton and 2405 grams per ton of silver, respectively. But it was not an overnight success; first walked over and drilled in 1935, the project was revisited in the years that followed until Stikine, a junior explorer, drilled over 100 holes into the property during the 1990s. Finally the company hit and was later bought out by Barrick Gold Corp. (ABX:TSX; ABX:NYSE). Below is the chart of Stikine; it shows the move after it hit and the incredible wealth that can be made when you explore and discover a precious metal deposit. It also shows that shares are volatile; some investors bought at $0.50, someone sold at $0.30, and then it went to $60.00. Investors must ask themselves why they are in the story, Dimes or Dollars, there is no wrong answer; however, the management of ...read more
  • Explorer Hits Big Gold at Forrest Kerr in the Golden Triangle

    Explorer Hits Big Gold at Forrest Kerr in the Golden Triangle

    Source: Rick Mills for Streetwise Reports 08/13/2018 Rick Mills of Ahead of the Herd discusses the recently released drill results from the first hole of the summer season, which he terms "spectacular."Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) whacked it out of the park on Thursday with the release of assays from the first hole of the summer drill program at Forrest Kerr, its property in the highly prospective Golden Triangle area play of northwestern British Columbia. Multiple high-grade zones ABN's 2018 drilling in the North Boundary, a new mineralized zone discovered at the end of 2017's drilling season, has intersected multiple high-grade zones and precious metal values, near surface. Hole FK-10, the first of eight holes drilled during the first batch of the current 4,000m program, features four separate high-grade zones all within 190 meters downhole. The hole was drilled 35 meters northwest of discovery holes FK17-04, 05 and 06 from last summer. It significantly increases the North Boundary Zone of precious and base metal mineralization, according to ABN's press release. The highest-grade zone assayed at a whopping 331 grams per tonne (g/t), or 9.65 ounces per tonne, over 1.0m, within a broader zone of 38.7 g/t over 10m. The results from other high-grade zones in the discovery hole included 22.0 g/t gold and 22.4 g/t silver over 4.0m, 4.0 g/t silver over 13.0m, and 8.2 g/t gold with 1.4 g/t silver over 6.0m. The hole was drilled 230m north of a high-grade historical hole drilled by Noranda in 1991, which hit 326 g/t gold. "The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong mineralizing system at the recently discovered North Boundary Zone," said Jim Pettit, president and CEO of Aben Resources. "We are now looking at an area that extends 230m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex we believe more drilling will delineate additional high-grade mineralization. The target areas in and around the Boundary Zone are relatively shallow and continue to provide strong discovery potential as we look to value-add the project using a systematic exploration methodology." Ron Netolitzky, Chairman of Aben Resources, stated: "The presence of multiple mineralized zones associated with mesothermal veining and adjacent to major structural breaks is very encouraging. Close proximity to infrastructure will facilitate ongoing exploration." Netolitzsky has an extensive exploration background and is best known for discovering and putting into production the Eskay Creek and Snip mines in the Golden Triangle, and the Brewery Creek Mine in the Yukon. The goal of this year's drill program is to expand the mineralization at the North Boundary Zone, and test other prospective targets. According to Aben, this part of the Forrest Kerr property hosts gold-silver-copper in rock and soil anomalies that span over 2 km ...read more
  • Gold Miner Reports Progress at Northern Brazil Project

    Gold Miner Reports Progress at Northern Brazil Project

    Source: Streetwise Reports 08/11/2018 Stockwork-style mineralization under post-mineral cover has been identified.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) recently provided an update on its work at its Vila Rica discovery within the  northern Brazil, Cuiú Cuiú Project. The existing pit where initial sampling returned 43.3 g/t gold over 0.5 meters continues to be expanded and artisanal workers have sunk two more pits nearby, the company reported. An artisanal pit developed 90 meters east of the original pit at Vila Rica returned grades of 8.1 g/t and 16.8 g/t Au from its rock chip samples. Sampling of stockwork-style mineralization in the original pit, 30 meters south of the narrow high-grade intercept of 43.3 g/t Au over 0.5 meters, returned 1.1 g/t Au over 10 meters. Rock chip samples from a pit developed 250 meters to the south of the above pits returned 6.1 g/t Au. At the southern end of the pit, channels returned an interval of 7.9 g/t Au over 1.9 meters. Mapping suggests this may be a parallel structure, the company stated. Artisanal workers uncovered gold-bearing vein and stockwork-style mineralization within saprolite (highly weathered bedrock) in the Vila Rica area, while mining placer gold under a cover sequence. Initially, the discovery of bedrock gold at Vila Rica was announced on March 21, 2018 (43.3 g/t Au over 0.5 meters). "The Vila Rica program has given us our first indication of just how extensive the transported cover sequence is at Cuiú Cuiú, and the potential for this cover to conceal vein and stockwork style gold mineralization. The identification of stockwork style mineralization as well as higher grade mineralization at Vila Rica is a characteristic of the other four deposits with resources thus far identified at Cuiú Cuiú, but perhaps more exciting is the recognition of new targets under post-mineral transported cover identified through reprocessing of the magnetic data. It may well be that the best targets are yet to come as we commence our evaluation of these newly defined trends," said Alan Carter, Cabral's president and CEO. An auger drilling program has been commenced by Cabral to test for base-of-cover/top-of-saprolite gold anomalism, with past surface soil geochemistry now thought to be ineffective over large areas due to the extent of transported cover, the company noted. Read what other experts are saying about: Cabral Gold Inc. [NLINSERT] Disclosure: 1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Cabral Gold. Click
  • Multiple High-Grade Zones Found at Golden Triangle Project

    Multiple High-Grade Zones Found at Golden Triangle Project

    Source: Streetwise Reports 08/10/2018 Four high-grade zones reported at first hole of this season's drilling at a project in British Columbia's Golden Triangle.Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) recently reported that assay results from the first drill hole of the 2018 season have been received. According to the company, hole FK18-10 has four separate high-grade zones with the best zone returning an interval of 38.7 g/t Au over 10.0 meters, including 62.4 g/t Au over 6.0 meters starting at 114 meters downhole. It is the first of eight holes that have been drilled thus far, and was collared in the North Boundary Zone of the Forrest Kerr Property in BC's Golden Triangle region where drilling late in the season in 2017 discovered strong precious and base metal mineralization. "The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong mineralizing system at the recently discovered North Boundary Zone. We are now looking at an area that extends 230m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex we believe more drilling will delineate additional high-grade mineralization. The target areas in and around the Boundary Zone are relatively shallow and continue to provide strong discovery potential as we look to value-add the project using a systematic exploration methodology," said Jim Pettit, president and CEO of Aben Resources. Hole FK18-10 hole has further defined and significantly increased the zone of precious and base metal mineralization that the 2017 holes originally intersected. Of particular note, the high-grade interval of 331.0 g/t Au was encountered 230 meters north of a 326 g/t Au interval reported by Noranda in 1991, and is part of the Boundary North Zone. The highest-grade zone consists of 331.0 g/t gold over 1.0 meter within a broad zone averaging 38.7 g/t Au over 10.0 meters from 114.0-124.0 meters including 62.4 g/t Au over 6.0 meters. "Mineralization at North Boundary reflects the poly-metallic nature of the core with widely variable values of Au, Ag, Cu, Pb and Zn throughout," the company noted. Plans are being established to expand the drill program and assays are pending for seven more drill holes, Aben reported. Read what other experts are saying about: Aben Resources Ltd. [NLINSERT] Disclosure: 1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ...read more
  • Aben Hits Eskay Creek Grade Gold in the Golden Triangle

    Aben Hits Eskay Creek Grade Gold in the Golden Triangle

    Source: Bob Moriarty for Streetwise Reports 08/09/2018 Bob Moriarty of 321 Gold discusses a gold explorer in British Columbia's Golden Triangle that just released off-the-charts drill results.I've written about Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) before. In my first piece, I talked about Ron Netolitzky, the man who discovered Eskay Creek and the Snip mine. It looks as if he may have done it again with assays of 62.4 g/t gold over 6.0 meters in a zone of 38.7 g/t Au over 10.0 meters. Those are Eskay Creek grade intercepts. The hole is the first of eight holes already drilled in the newly discovered North Boundary zone in a planned 5,000-meter drill program. Aben feared the numbers being leaked out so made the decision to announce early. The highest grade intercept within that 10.0 meters was 331.0 g/t Au over 1.0 meter but there were four high grade intercepts overall in the one hole, including 22.0 g/t Au and 22.4 g/t Ag over 4.0 meters, 3.9 g/t Au and 4.0 g/t Ag over 13.0 meters and 8.2 g/t Au and 1.4 g/t Ag over 6.0 meters. The area was drilled before, over twenty years ago, but the high cost of operation due to a lack of power and road access meant progress came at too high a cost. A recently commissioned power plant has lines running across the southern portion of the Forrest Kerr project. And the British Columbia government has built road access to much of the Golden Triangle. What couldn't be afforded 25 years ago can be worked now. If you look at photos from Google Earth from above, you can see how the glaciers receding have opened up a lot more ground to be prospected. The Golden Triangle is going to be the go-to area for the near future with results coming from a whole heap of companies. Aben's terms on the Forrest Kerr project call for the company to spend $3 million by 2020 to earn 100% of the project. The company has over 40 million warrants outstanding at an average price of $0.14 that would bring in over $5 million so them spending $3 million in exploration on Forrest Kerr is not going to be a problem. I suspect Ron Netolitzky hit just hit his third high-grade gold mine in the Golden Triangle. My subscribers have been warned in the past and the present has arrived in spades. Aben is an advertiser. I participated in the past PP and own shares. Naturally I am biased. Do your own due diligence. Aben Resources ABN-V $0.20 (Aug 08, 2018) ABNAF-OTCBB 81.4 million shares Aben Resources website. Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was ...read more
  • Metals Mining Firm Still Offers 'Best Risk/Reward Among Its Peers'

    Metals Mining Firm Still Offers 'Best Risk/Reward Among Its Peers'

    Source: Streetwise Reports 08/09/2018 A BMO Capital Markets report reviewed the changes to its model on the company.In an August 3 research note, analyst Edward Sterck reported that BMO Capital Markets increased its forecasted shareholder return on Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE) to 9% from 8.4% to reflect the new US$1 billion share buyback program. "This places Rio Tinto well above the peer average of 6.8%," he added. Also, Sterck highlighted that this higher projected shareholder return comes despite an environment of inflationary cost pressure, resulting specifically in higher costs for Rio Tinto's base metal segments. In its model of Rio Tinto, BMO boosted its projected cost estimates within its copper and its bauxite, alumina and aluminium divisions. BMO decreased the expected prices for sales of alumina and bauxite, which led to a reduction in EBITDA as well. The miner's 2018E group EBITDA was lowered by 7% and its 2019E EBITDA, by 4%. Sterck concluded by saying the Rio Tinto story is "still attractive" and "despite slightly reduced EBITDA estimates, the company continues to offer the best risk/reward and commodity mix compared to its largest peers, in our opinion." BMO Capital has an Outperform rating and a £46 per share target price on Rio Tinto, whose current share price is around £38.81. [NLINSERT] Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the ...read more
  • GFG Expands on Rattlesnake Hills

    GFG Expands on Rattlesnake Hills

    Source: Bob Moriarty for Streetwise Reports 08/08/2018 Bob Moriarty of 321 Gold provides an update on GFG Resources and its projects in Wyoming and Ontario.The gold mining business seems to be painting itself into a corner. For the past 25 years, the ratio of discovery to that of production has declined on a steady basis. Basically the mining business is consuming its young. The majors rarely explore for themselves and the pace of investing in junior exploration companies has fallen off a cliff in the past ten years. Either the majors start exploring, initiate a series of takeovers or go out of business. I talked about GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) back in early 2018. The company was in the process of shifting focus from 100% Rattlesnake Hills to a more balanced approach where there would be news on a regular basis. 2017 was a major year for GFG Resources at Rattlesnake as they expanded the project. They reported in early February this year with results up to 99.1 meters of 0.82 g/t gold. There were no giant home runs from the 2017 program but a lot of the ordinary base hits that let you define a major gold system. As I explained in my February piece, big projects require big money. And lots of time. Progress has been made but there are a lot of holes still left to drill. GFG will be releasing a maiden 43-101 resource at Rattlesnake in 2018. When Agnico Eagle did the original deal on Rattlesnake Hills with Evolving Gold in 2011, the terms valued the project at $110 million. The price of gold peaked at $1923 in September of 2011 and declined after that. A year after the original deal was signed, Agnico Eagle asked Evolving Gold to modify the terms of the agreement. Bruce Duncan, running EVG, saw the chance to get 100% of the project back after Agnico Eagle had spent millions in exploration. In a flash of brilliance, told Agnico Eagle to take a hike. He used other, not so nice, words. It’s hard to imagine someone managing to destroy 80% of the value of a company in only three years but Bruce Duncan accomplished it. From the peak in 2009, the share price declined by 80% by the time Duncan murdered the deal with Agnico Eagle. But he wasn’t through yet. Between 2009 and now, the price declined to a low of $0.02 in 2016. Duncan managed to knock off 99.9% of the value of the company in only seven years. The lengths that those running junior resource companies will go to protect their paychecks is quite remarkable. In ten years Bruce Duncan managed to collect more money in paychecks than the total value of the company today. Today Evolving Gold is functionally bankrupt. GFG realized they needed to put daylight between themselves and Evolving Gold ...read more
  • Gold Miner Announces New Dark Star Drilling Results

    Gold Miner Announces New Dark Star Drilling Results

    Source: Streetwise Reports 08/08/2018 Drill results at the Dark Star deposit of the Railroad-Pinion Project in Nevada's Carlin Trend have exceeded expectations, the company announced. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) recently announced drilling results from 31 reverse-circulation and 2 core holes at the Dark Star deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. According to the company, in the northern portion of Dark Star, "four holes intersected exceptional grades and thicknesses": 161.5 meters of 3.33 g/t gold, 136.6 meters of 3.36 g/t gold, 112.8 meters of 1.42 g/t gold and 92.9 meters 1.22 g/t gold. "This year's drilling at Dark Star is transforming our understanding of the opportunities we have at Railroad-Pinion. We knew that, in Dark Star, we had an unusually high grade, oxide gold occurrence and the new results have confirmed this conclusion. But 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," stated Jonathan Awde, CEO and director of Gold Standard. "The deeper zones of oxidized high grade mineralization have surprised us. We are now revising the current program 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." To date 19,726 meters of infill, stepout and geotechnical drilling have been completed in 121 RC and core holes at Dark Star, with results reported for 80 of the 121 completed holes. The northern Dark Star drill holes DR18-46, -47, -50, -83, and DC18-03 returned thick, high-grade gold intercepts that remain open at depth, the company noted. DR18-83, an RC hole approximately 30 meters east of DS16-24 (97.3 meters of 3.16 g/t gold), intersected 161.5 meters of 3.33 g/t gold, including 7.6 meters of 5.40 g/t gold and 33.5 meters of 6.48 g/t gold. These results exceed predictions in the resource block model by extending oxide gold mineralization closer to the current topographic surface and below the current resource model by approximately 35 meters, according to Gold Standard. The oxide intercept is open at depth, where the hole bottomed in 2.11 g/t gold at 274.3 meters. "At the end of July, development drilling on Pinion and Dark Star was successfully completed (248 holes, 32,806 meters) and we are now moving forward on incorporating the results into the Railroad-Pinion PEA. The PEA will evaluate the oxide deposit potential of the area, as well as give us the opportunity to convert inferred resources to measured and indicated. This is especially important for Dark Star, where currently 73% of the resource is carried as Inferred," stated Don Harris, Gold Standard's senior development geologist. Read what other experts are saying about: Gold Standard Ventures Corp. ...read more