Mr. Jonathan Awde reports
GOLD STANDARD TERMINATES LETTER OF INTENT; DROPS NON-CORE ASSETS
Gold Standard Ventures Corp., due to current market conditions, 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 Ltd., 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 (U.S.) per year.
The company will continue to focus its exploration efforts exclusively on its 100-per-cent-owned-and-controlled Railroad-Pinion project in Nevada's Carlin trend, as more particularly described in the company's news release of April 28, 2015.
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 and CPG-10216, a qualified person as defined by National Instrument 43-101 -- standards of disclosure for mineral projects.
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