The Jasperoid Wash target is located 7.5 km southwest of the Dark Star deposit and 6 km south of the Pinion deposit. Jasperoid Wash is part of the 20,941 gross acre land addition that Gold Standard announced on March 23, 2017. This is the first time these important landholdings have been consolidated under the control of a single holder. With these acquisitions, Gold Standard has gained control over additional key gold exploration targets contiguous with, and to the south of, the growing Dark Star and Pinion deposits.
Jasperoid Wash is a Dark Star-like, disseminated gold target within favorable Pennsylvanian-Permian carbonate rocks. The exploration opportunity was identified by the Company from its re-interpretation of work by previous operators, including shallow drilling. The target area is characterized by north-striking porphyry dikes, some of which are strongly altered; breccias; and widespread hematite and limonite oxidation, decalcification, silicification, and barite (see photo gallery).
Historic reverse-circulation (RC) drilling by Westmont intersected multiple zones of gold mineralization in rocks that reconnaissance mapping identified as similar to the Pennsylvanian-Permian carbonate host rocks at Dark Star. All of Westmont’s drill holes were less than 185m deep, and four holes ended in mineralization >0.20 g Au/t. Most notably, RC drill hole JW-9007 intersected 117.4m of 0.51 g Au/t from 33.5-150.9m as described in a 1990 Westmont report. The mineralization in JW-9007 is open in multiple directions and at depth. The reader is cautioned that the gold intercept in JW-9007 is historic in nature, completed before standards set forth in NI 43-101, is of unknown true thickness, and the results have not been verified by Gold Standard’s geologists.
Geologic mapping, historical data compilation, soil and rock geochemical sampling, gravity and CSAMT will continue to refine the Jasperoid Wash target. The Company has budgeted up to thirty RC holes to provide the first tests of Jasperoid Wash and other proximal, early-stage targets in 2017.