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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 105,199,170
Close 2014-03-31 C$ 0.68
Market Cap C$ 71,535,436
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Gold Standard plans Pinion deposit drilling in 2014

2014-04-01 08:08 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD COMPLETES CONSOLIDATION OF BALD MOUNTAIN LAND POSITION & PROVIDES EXPLORATION UPDATE

Gold Standard Ventures Corp.'s consolidation of its landholdings in the Railroad-Pinion district of Nevada's Carlin trend enables the company to proceed with the exploration of its third major target at Railroad-Pinion -- the Bald Mountain oxide, breccia-hosted gold target discovered in its 2013 drill program.

The Railroad-Pinion project is a uniquely target-rich setting which remains predominantly untested. However, Gold Standard has prioritized three advanced targets for further work this year -- the newly acquired Pinion oxide gold deposit, the North Bullion deposit and the Bald Mountain oxide-gold target. A thorough evaluation of the large dataset obtained in the Pinion acquisition is under way; a release on Gold Standard's observations and conclusions, including a proposed drill plan designed to upgrade the historical Pinion deposit to the standards of National Instrument 43-101, is expected in the next month. At North Bullion, the most recent drilling in late 2013 found a promising west-northwest-striking structure in the lower breccia zone, where a high-grade gold system continues to evolve. In the Carlin Trend, west-northwest faults commonly act as feeders for high-grade mineralization. Further evaluation of this structure is in progress, which is expected to lead to further drilling this year.

The Bald Mountain target first became available for work in 2013 with the purchase of three patented claims covering an area where previous RC drilling by Kinross, in 1998 and 1999, had generated positive results. The first hole drilled by Gold Standard in this area, vertical core hole RRB13-1, intersected 56.1 metres of 1.47 grams per tonne gold, including an internal interval of 7.3 metres of 5.66 grams per tonne gold (see news release of Oct. 2, 2013). Importantly, this gold intercept is hosted entirely in oxidized collapse breccia with quartz hornfels clasts and represents the most significant oxidized gold mineralization found to date in the northern Railroad-Pinion project area. Confirming this observation, preliminary metallurgical tests performed for Gold Standard by Inspectorate Labs of Reno, Nev., reported an average 82.2-per-cent recovery of gold from drill core samples after one hour of cyanide agitation leach (see news release of Jan. 23, 2014). Immediately below the gold intercept, RRB13-1 intersected a separate copper zone returning 23.3 metres of 0.4 per cent copper as well as four narrower but high-grade intercepts of other base metals and silver including a 1.5-metre intercept of 763.8 grams of silver per tonne, 1.6 per cent copper, 11.8 per cent lead and 2.43 per cent zinc.

The Bald Mountain occurrence has a geochemical surface expression of approximately 500 metres by 2,000 metres, confirmed by 120 rock chip and 402 scoop samples taken during 2013 and correlating with an east-west-oriented gravity low. Rock samples yielded from less than 0.2 to 0.911 part per million gold (average 0.023 part per million), less than 0.2 to 449 parts per million silver (average 7.4 parts per million), less than one part per million to 38 per cent copper (average 0.55 per cent), less than two parts per million to 6 per cent lead (average 0.09 per cent) and less than two parts per million to 0.87 per cent zinc (average 0.05 per cent). Scoop sampling identified four areas with anomalous gold. Based on the available data, it appears the mineralized zone, intersected in RRB13-1, shallows to the east. A 100-per-cent interest in the claims covering this highly prospective area has now been acquired -- opening the way for an expanded drill program this year, following the Pinion program.

Gold Standard president and chief executive officer, Jonathan Awde, commented: "This is an important development for our company. We have had a strong interest in the Bald Mountain area for many years, recognizing its potential to host a large, near-surface deposit close to infrastructure. With the Pinion acquisition and related claims work completing our ownership of this area, we are now in a position to make Bald Mountain our third main target, with an aggressive follow-up of RRB13-1 planned for this year. We expect to use cost-effective RC drilling in the initial stages to quickly and efficiently establish the potential size of the deposit and its suitability for bulk mining."

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Steven R. Koehler, Gold Standard's manager of projects, BSc, geology, CPG-10216, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

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