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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 167,769,539
Close 2015-09-29 C$ 0.52
Market Cap C$ 87,240,160
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Gold Standard to start drilling at Railroad in October

2015-09-30 06:35 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD EXPANDS 2015 EXPLORATION PROGRAM TO INCLUDE NEW DRILLING AT HIGH GRADE NORTH BULLION DEPOSIT

Gold Standard Ventures Corp. will commence drilling in October, 2015, on the North Bullion deposit in the northern part of the 100-per-cent-owned/controlled Railroad-Pinion property in Nevada's Carlin trend. Originally discovered in 2012, the higher-grade North Bullion deposit has returned long intercepts grading better than three grams per tonne gold. A new five-hole core program has been designed to find the continuation of the high-grade lower breccia zone at North Bullion while reverse circulation drilling continues at the Pinion and Dark Star shallow, oxide gold deposits to the south, as announced on July 28, 2015.

Gold Standard president and chief executive officer Jonathan Awde noted that a return to North Bullion had been under consideration for some time: "North Bullion has all the key characteristics common to the largest deposits in the northern portion of the Carlin trend. This target therefore represents a major opportunity for us to increase shareholder value.

"Drilling costs have come down considerably in the past year, the company is taking advantage of the lower drilling cost to drill some robust targets in North Bullion while steadily advancing Pinion. Our geological team has made important progress in understanding the North Bullion deposit using the significant amount of data we have collected as well as further study of analogue deposits to the north. Meanwhile, our programs at Pinion and Dark Star are progressing on schedule and within budget. We are excited about the significant targets around both of our deposits in Nevada."

Seven out of 24 holes planned for phase 2 reverse circulation drilling at the Pinion and Dark Star oxide gold deposits have been completed with assays pending. This second phase of the 2015 exploration program at Pinion and Dark Star is focusing on the most promising targets for addition of significant oxide gold resources, as well as testing new high-value targets outside the resource areas.

The current status of the 2015 phase 2 program is as follows:

Pinion:

  • Completed five RC holes, PIN15-10 through -14, offsetting 24.4 metres of 1.38 g/t Au in PIN15-02 and testing 500 m along the northwest strike of the highly prospective South fault zone;
  • A road has been constructed that will serve as both a drill platform and high wall exposure for channel sampling to the top of the ridge at the new Sentinel target, 100 m west of the Far North zone which is part of the National Instrument 43-101-compliant Pinion gold resource estimate announced Sept. 10, 2014. Three RC holes (totalling 450 m) are planned to test the breccia along the contact between the Devil's Gate limestone and the underlying Sentinel Mountain dolomite which yielded 27.4 m of 1.05 g/t Au in channel samples (see news release dated Oct. 15, 2014). As mapping and sampling at Sentinel progressed to the north of the contact target, a second, larger 250 m by 300 m zone of gold-bearing breccia has been delineated within the footwall of the Bullion fault zone.

Metallurgy:

  • Bottle roll testwork has been initiated on 107 representative composites from 48 holes distributed throughout the Pinion deposit by Kappes, Cassiday and Associates. These bottle roll tests follow up on cyanide soluble recovery results which averaged a favourable 82.4 per cent in oxidized multilithic dissolution collapse breccia, the main gold host at Pinion (see news release dated Aug. 19, 2015).

Dark Star:

  • DS15-06 and DS15-07 were completed as western and northern, 100 m spaced offsets of phase 1 intercepts of 32.0 m of 0.58 g/t Au and 21.3 m of 1.90 g/t Au in DS15-03 (see news release dated July 28, 2015). The current phase 2 drill program at Dark Star will test the favourable Dark Star corridor between the intercepts in DS15-03 and DS15-05, an RC hole located 800 m north of the maiden resource.
  • An 18-line-kilometre CSAMT survey was completed to better define horst bounding faults within the north-striking Dark Star corridor. The survey also identified crossing faults that exert a control on the gold system. Two RC holes (about 700 m) are designed to test the intersection of the South fault zone, an important gold control at Pinion, and the Dark Star corridor to the south of the Dark Star resource.

North Bullion

Exploration drilling will begin shortly at North Bullion, which left off at the end of 2013 with intercepts of 98.2 m of 3.26 g/t Au (including 17.1 m of 9.98 g/t Au) in RR13-11 and 98.2 m of 3.26 g/t Au (including 17.1 m of 9.98 g/t Au) in RR13-08. A program of five holes (1,700 m core and 869 m RC) to test west-northwest and north extensions of this breccia-hosted gold zone will begin in October. A west-northwest trend is supported by multiple data sets, including grade times thickness contours, structure contours, gravity and CSAMT. The west-northwest Rain fault, located just seven kilometres to the north, is an important control to Newmont's Saddle (780,000 at 19.6 g/t Au) and Tess (1.5 million ounces at 12.7 g/t Au) deposits (Longo et al., NBMG Bulletin 111, 2002).

Sampling methodology, chain of custody, quality assurance and quality control

All sampling was conducted under the supervision of the company's project geologists and the chain of custody from the field to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 40 samples. The samples are delivered to ALS Minerals preparation facility in Elko, Nev., where the samples are crushed, screened and pulverized. Sample pulps are shipped to ALS Minerals' certified laboratory in Vancouver, B.C. Pulps are digested and analyzed for gold using fire assay fusion and an ICP-AES finish on a 30-gram split. All other elements are determined by a two-acid ICP analysis at ALS Minerals in Vancouver. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.

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.

We seek Safe Harbor.

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