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Overview

The Lewis Project shares a common land boundary with Newmont’s Phoenix mine, one of the most prolific gold-silver producers on the Battle Mountain-Eureka trend. The large mineral property (2,161 hectares or 5,340 acres) has several known mineralized zones and potential for new discoveries of economic gold and silver deposits. The project was acquired by Gold Standard as part of its purchase of Battle Mountain Gold completed on June 14, 2017. Lewis has never been systematically explored, and in 2017 Gold Standard will test a variety of targets with approximately 4,600m of drilling in 11 holes.

RC drilling will test for northern, structurally-controlled extensions of the historical Virgin deposit in the footwall of the Virgin fault. The Virgin gold-silver deposit consists of higher grade structures surrounded by low grade disseminated mineralization within a zone measuring about 600 meters long, 120 meters wide and 180 meters deep. RC drilling will test important structural intersections, permissive host rocks and geochemical anomalies that occur along a prominent string of ENE-trending magnetic anomalies.

Other targets are in development, especially targets north of the Virgin deposit in and around the Virgin Fault. Funds are budgeted for expanding the soil grid to the north and additional gravity coverage. Gravity surveys have been used effectively by the Company elsewhere in Nevada. Gold Standard’s geologic mapping and rock chip sampling has concentrated on areas along the Virgin Fault and adjacent structures in the Hider, White-Shiloh, and the Galena areas. Highlights from 57 rock chip samples include:

  • Strongly anomalous gold and silver in mineralized faults in the footwall of the Virgin Fault hosted in the Harmony Formation. Assays of dump grab, outcrop, and channel samples ranged from <.005 to 9.995 g/t Au.
  • A 1.9 m channel sample of altered dacite porphyry yielded 1.6 g/t Au at the Galena prospect.
  • The Virgin Fault zone is locally gold and silver-bearing, especially at the historic Hider mine where two separate channel samples returned 2m at 1.8 g/t Au; and 1m at 3 g/t Au.

 

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