S. African gold-mining firms allocate $361 million for lung disease settlement

Section:

By Wendell Roelf
Reuters
Wednesday, November 22, 2017

https://www.reuters.com/article/us-safrica-silicosis-provision/gold-mini...

CAPE TOWN, South Africa -- Six gold-mining firms, including Anglo American, have made a 5 billion rand ($361 million) provision to settle a class-action lawsuit with thousands of miners who contracted fatal lung diseases while working in South African mines, an industry document said today.

Earlier today lawyers acting for miners who contracted silicosis and tuberculosis said an out-of-court settlement with implicated gold companies could be reached by December.



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Gold Standard Ventures Infill Drilling Could Increase
Size and Grade of Pinion Oxide Gold Deposit in Carlin Trend

Company Announcement
Tuesday, November 21, 2017

VANCOUVER, British Columbia -- Gold Standard Ventures Corp. (TSX: GSV; NYSE:GSV) today announced results from 11 of 19 completed reverse-circulation and core holes at the Pinion oxide gold deposit on its ully owned and controlled Railroad Project in Nevada’s Carlin Trend.

These drill holes are a portion of Gold Standard’s 2017 US$15.5 million program, which includes up to 48,800 meters of reverse-circulation and core drilling in 117 holes.

The Pinion drilling was designed to 1) upgrade and potentially add to resources by reducing drill spacing in critical portions of the deposit and 2) expand drill coverage near the margins of the current pit design for possible resource additions.

All 11 drill holes intersected oxidized and altered multi-lithic dissolution collapse breccia, the principal Pinion host rock, and seven of the holes returned significant, higher-grade intercepts greater than 1 gram of gold per tonne. Results include 56.4 meters of 1.68 gram per tonne in PIN17-02, 42.7 meters of 1.23 gram per tonne in PIN17-10, 15.2 meters of 1.66 gram per tonne in PIN17-04, and 32 meters of 0.89 grams per tonne in PIN17-05. In most instances the new results either confirm or outperform the expectations in the current resource estimate block model. ...

... For the remainder of the announcement:

https://goldstandardv.com/news/2017/gold-standard-ventures-infill-drilli...



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