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Stock Market & Financial Investment News

News Breaks
June 5, 2014
05:56 EDTGSVGold Standard Ventures provides update on Pinion drilling
Gold Standard Ventures announces that one core and four reverse circulation holes have been completed in the Phase I drilling program at the Pinion Project. Drilling at sites Core D, RC-1, RC-7, RC-8 and RC-9 is complete and represents approximately 35% of the Phase 1 Pinion drilling. The targeted multi-lithic collapse breccia host has been intersected in all five holes. Samples from the five completed holes are being assayed by ALS Chemex and all results are pending. The Phase 1 program consists of thirteen vertical drill holes designed to confirm and verify historic drill results in the Pinion North and Main Zones, test the predictability of the new geological model, expand the limits of known mineralization, and collect material for density and metallurgical testing in advance of an initial NI-43-101 resource estimation. The Phase 1 drilling is a limited program but will allow for a systematic build-up of the geologic model and resource, with a more substantial Phase 2 planned for the second half of 2014. At Pinion, gold is hosted in an oxidized, flat to gently dipping, dissolution collapse breccia. Lateral extent and continuity of gold mineralization is excellent due to the channeling of the gold system within highly permeable collapse breccia sandwiched between relatively impermeable, silty micrite of the overlying Mississippian Tripon Pass Formation and thick bedded, calcarenite of the underlying Devonian Devil's Gate Formation. Previously unrecognized, intrusive rocks occur within the deposit and indicate the presence of important deep-seated, through-going conduits.
News For GSV From The Last 14 Days
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May 15, 2015
16:29 EDTGSVGold Standard Ventures terminates LOI to non-core early exploration assets
Gold Standard Ventures announces that due to current market conditions it has terminated the letter of intent to sell its portfolio of non-core early exploration assets consisting of the Crescent Valley, East Camp Douglas and East Bailey projects to Tanqueray Exploration as first announced on May 30, 2014. The company also intends to drop such assets and terminate any underlying lease agreements which will result in annual maintenance cost savings in excess of $400,000 per year. The company will continue to focus its exploration efforts exclusively on its 100% owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend as more particularly described in the company's news release of April 28.
May 11, 2015
07:32 EDTGSVGold Standard Ventures announces C$16.2M strategic investment by OceanaGold
Gold Standard Ventures announced that is has entered into a subscription agreement pursuant to which a wholly owned subsidiary of OceanaGold Corporation. OceanaGold has agreed to purchase, in a private placement, 24,997,661 common shares of the Company at a price of C65c per Common Share for gross proceeds of C$16.25M. The Financing is expected to close on or around May 20. At closing, it is anticipated that OceanaGold will own approximately 14.9% of the company's issued and outstanding shares on an undiluted basis. The net proceeds of the Financing will be used to further advance the company's Railroad-Pinion project and for general corporate and working capital purposes.

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