Gold Standard Ventures Corp. said Feb. 2 that it earmarked US$15.5 million for a 2017 exploration program at its wholly owned Railroad-Pinion gold project in Nevada.
The program includes up to 48,800 meters of reverse circulation drilling and core drilling in 117 holes.
Drilling will aim to follow up on earlier success at the North Dark Star oxide gold discovery, expand known resources at the Dark Star and Pinion areas, and test new high-value targets within the Dark Star Corridor, North Bullion and elsewhere within the Railroad-Pinion district.
The budget also includes an extensive pre-development component covering new resource estimates, further metallurgical work and economic studies to de-risk key assets.
A portion of a C$38 million private placement that closed in October 2016 will be used to fund the program.