The Bald Mountain discovery is located in the central portion of the Railroad project, approximately 0.5 km northeast of the Eocene Bullion Stock.
The discovery is defined by 16 widely-spaced drill holes that intersect disseminated gold, silver, copper, and zinc mineralization over a 1.6 by 1.2 km-area. Mineralization is open in all directions and coincides with a distinct 4.0 by 1.1km gravity low, and with west-northwest-striking rhyolite and dacite porphyry dikes.
In 2013, GSV completed one vertical core hole (RRB13-01) to follow-up on historic RC drilling. Results of this core hole included 56.1m of 1.47g Au/t, 23.3m of 0.4% Cu, and confirmed the presence of a vertically extensive zone of hydrothermal alteration, collapse brecciation, and igneous dikes (see news release dated October 2, 2013). These results verify the deposit model being used, a large mineralizing system, and the discovery of a new mineralized zone.
Metallurgical tests (agitation leach) performed on gold-bearing pulp samples from RRB13-01 provided an unweighted average of 82%1 recovery after one hour of cyanide agitation leach (see news release dated January 23, 2014). Based upon these results, further drilling is warranted at the Bald Mountain Target.
1The work completed to date and the data available are insufficient to determine the length, width, or continuity of the mineralization. Gold Standard has not performed any preliminary economic assessment or other study of the Bald Mountain target and these metallurgical results do not constitute and must not be construed as an economic analysis of the potential viability of the Bald Mountain target.