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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 167,769,539
Close 2016-01-12 C$ 0.83
Market Cap C$ 139,248,717
Recent Sedar Documents

Gold Standard drills 74.4 m of 1.68 g/t Au at Railroad

2016-01-13 06:11 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD INTERSECTS 12.4M OF 3.53 G AU/T AT NORTH BULLION DEPOSIT

Gold Standard Ventures Corp. has released assay results from three core holes at the North Bullion deposit on its 100-per-cent-owned/controlled Railroad-Pinion project in Nevada's Carlin trend. Two of three holes returned significant intercepts that expand the gold mineralization to the northwest. Results are highlighted by 12.4 metres of 3.53 grams per tonne gold within a thicker interval of 74.4 m of 1.68 g/t Au in hole RR13-13.

Exploration drilling at North Bullion 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 73.5 m of 3.67 g/t Au (including 12.2 m of 6.93 g/t Au) in RR13-08 (see news release dated Sept. 19, 2013). At the end of the 2013 program, a new interpretation of a west-northwest trend to lower zone, higher-grade gold mineralization was recognized in multiple data sets including grade times thickness contours, structure contours, gravity and CSAMT.

West-northwest structural zones are an important control for gold mineralization throughout the Carlin trend. Newmont's Saddle (780,000 ounces at 19.6 g/t Au) and Tess (1.5 million ounces at 12.7 g/t Au) deposits occur along the west-northwest Rain fault, located just seven kilometres to the north of the North Bullion deposit (Longo et al., NBMG Bulletin 111, 2002). The 2015 program included four holes (1,052 m core and 214 m reverse circulation) to test west-northwest and north extensions of the lower breccia-hosted gold zone discovered by GSV in 2012. Of these four holes, three (RR11-07, RR13-13, RR13-15) were collared but not completed in 2011 and 2013, and one hole (RR15-01) was an RC collar-core tail hole that was lost before testing its intended target.

Mac Jackson, Gold Standard's vice-president of exploration, stated: "The strong alteration and gold intercepts in RR13-13 and RR13-15 confirm the west-northwest trend to lower zone, higher-grade gold at North Bullion. This is an important older, dike-filled structural orientation on the Carlin trend. North Bullion remains open to both the west-northwest and north as we anticipated."

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "Gold Standard is engaged in the discovery of three significant gold deposits in the Carlin trend. Much like Pinion and Dark Star, North Bullion continues to get larger with further exploration and drilling. Gold Standard, with the second-largest land position in the Carlin trend and a strong financial position, is discovering a significant gold district in one of the most prolific gold belts in the world. Two thousand sixteen will be a very exciting year for shareholders."

Key highlights include:

  • RR13-13 intersected 12.4 m of 3.53 g/t Au within a thicker zone of 74.4 m of 1.68 g/t Au. This intercept is approximately 60 m north-northwest of RR13-11, a 2013 core hole that intersected 98.2 m of 3.26 g/t Au (see news release dated Sept. 19, 2013). Gold mineralization in both holes is hosted in the lower breccia zone -- a flat-tabular, multilithic collapse breccia developed along the contact between silty micrite of the Tripon Pass formation and underlying calcarenite of the Devils Gate limestone. The greater than three g/t Au mineralization occurs in breccia composed mostly of silty micrite fragments.
  • RR13-15 intersected two higher-grade gold zones including 5.5 m of 2.57 g/t Au and five m of 3.15 g/t Au within a thicker zone of 18.3 m of 2.05 g/t Au. The Lower Breccia zone intercepts are approximately 122 m west of similar intercepts in RR13-11.

The new North Bullion drill results are as shown in the table.

                   NORTH BULLION DRILL RESULTS

Hole                          Intercept    Thickness          Au
                                     (m)          (m)       (g/t)

RR13-13                           334.7-
                                  409.1         74.4        1.68
Including                         348.2-
                                  353.1          4.9        2.98
Including                         367.5-
                                  379.9         12.4        3.53
                                  419.5-
                                  431.7         12.2        0.55
RR13-15                           296.9-
                                  315.2         18.3        2.05
Including                         300.6-
                                  306.1          5.5        2.57
Including                         308.4-
                                  313.4          5.0        3.15
                                  348.2-
                                  353.4          5.2        0.41
                                  361.8-
                                  364.9          3.1        0.34
RR11-07                   No intercepts greater than 0.30 g/t Au
RR15-01                                No significant intercepts

Gold intervals reported in the table are based on a 0.30 g/t Au  
(0.009 ounce per short ton Au) cut-off. Weighted averaging has 
been used to calculate all reported intervals. True widths are 
estimated at 70 to 90 per cent of drilled thicknesses. In 
general, the gold distribution within these large, complex 
breccia bodies tends to be irregular and will require additional
drilling to establish true widths.

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 drill to the sample preparation facility was continuously monitored. Core was cut at the company's facility in Elko, and one-half was sent to the lab for analysis and the other half retained in the original core box. A blank or certified reference material was inserted approximately every 10th sample. The samples are delivered to ALS Minerals preparation facility in Elko, where the samples are crushed and pulverized, and sample pulps are shipped to ALS Minerals certified laboratory in Vancouver. Pulps are digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. All other elements are determined by ICP analysis. Data verification of the analytical results includes a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure 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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