A check assay program for Gold Standard Ventures Corp (NYSEMKT:GSV) has recorded favorable results with its North and Main Dark Star deposits. This was confirmed through a comprehensive assay check by ALS Chemex on original drill hole sample pulps. The check was carried out from the Company’s 2015 and 2016 drilling which had accounted values of or above the 0.14 g Au/t cut-off grade.
Records have it that a total of 1,838 drill trial pulps were examined from 37 drill holes that were shared out throughout the North and Main Dark Star deposits. ALS tests carried out the verification and in some cases escalating the gold grade from the initial Bureau Veritas (BV) gold fire assays.
Check assay program is an important step
The Director and CEO of Gold Standard, Jonathan Awde says that they are on the right path in their preparations. “”We are quickly moving ahead with our plans to support a premium valuation for the Dark Star area……towards preparing a new resource estimate for the Dark Star area.” He asserts.
The two deposits; Main Dark Star and North Dark Star are connected according to an establishment by last year’s drilling. Hence it is expected that the new resource estimate will have a much greater Dark Star. Awde has also confirmed their intention of having more sophisticated metallurgical certification; thanks to the positive results on the cyanide solubility of Dark Star oxide gold mineralization.
Let’s explore the key highlights
At the beginning, the check assay program outlined a level of biases of the BV fire assays, which was somewhat lesser than the ALS check fire assays. Nonetheless, there were extra check fire assays carried out on chosen holes by a third lab; the SGS Canada and were completed on 195 pulp samples.
The original sampling was conducted out the presence of the Company’s project geologists. The chain of custody from the drill was also closely and continuously scrutinized. On the other hand, the check gold fire assay program was under the supervision of Phillip J. Allen and Gary Simmons.
In the meantime, GSV’s stock was trading at $1.90 a fall of $0.02 or 1.04%.