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.
Historic reverse-circulation 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 185 meters deep, and four holes ended in mineralization >0.20 gpt Au. Most notably, reverse-circulation drill hole JW-9007 intersected 117.4 meters of 0.51 gpt Au from 33.5-150.9 meters as described in a 1990 Westmont report; the mineralization was open in multiple directions and at depth.
The Company began drilling in 2017 and conducted a wide spaced infill and step out program in 2018. The drilling confirmed some historic Westmont intercepts and expanded the gold system to its current size of 1.6 by 0.9 km. Recently announced results continue to support the lateral and strike-continuity of oxide mineralization at Jasperoid Wash. Most holes from the campaign intersected thick, near or at surface oxide gold mineralization hosted in pervasively altered and oxidized Pennsylvanian-Permian debris flow conglomerate and calcarenite, the same host rocks as Dark Star. The drilling and geologic work has led to a new geologic interpretation of a north-striking dike-filled fault corridor as the most important control on mineralization. Continued exploration and development drilling are planned in 2019 and additional targets are being evaluated using the newly defined geologic model.