09:36 AM EST, 11/15/2017 (MT Newswires) -- Gold Standard Ventures Corp. (GSV.TO, GSV) was up more than 2% early Wednesday after it announced results from eight exploration scout holes completed west-northwest and north of the North Bullion deposit on its 100%-owned/controlled Railroad Project in Nevada's Carlin Trend. Assays for two additional drill holes are pending. Collectively, these drill holes are a portion of Gold Standard's 2017 US$15.5 million program which includes up to 48,800 m of reverse-circulation (RC) and core drilling in 117 holes.Â

According to a statement, core hole RR17-06 intersected 41.7m of 1.91 g Au/t, including a higher-grade zone of 7.6m of 6.32 g Au/t. This intercept is approximately 375m west-northwest of the closest mineralized drill hole and identifies a new gold zone outboard from the new North Bullion maiden resource. Three other drill holes in this area were lost prior to completion and two more drill holes have not yet been assayed.

The statement said the primary objective of the 2017 North Bullion drill program was to test for extensions of the Lower Breccia Gold Zone to the west-northwest and north of the new North Bullion maiden resource announced on September 21, 2017.

Jonathan Awde, CEO and Director of Gold Standard, said: "Hole 6 confirms to us that the North Bullion deposit mineralization has considerable room to grow. North Bullion continues to be a very encouraging prospect with marked similarities to the large gold deposits in the northern part of Carlin."

Price: 1.89, Change: +0.04, Percent Change: +2.2