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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 207,774,874
Close 2016-08-17 C$ 3.68
Market Cap C$ 764,611,536
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Gold Standard drills 101.2 m of 1.5 g/t Au at Railroad

2016-08-18 06:35 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD INTERSECTS 101.2M OF 1.50G AU/T AT NORTH DARK STAR OXIDE GOLD DEPOSIT, CARLIN TREND NEVADA

Gold Standard Ventures Corp. has released assay results from two core holes at the recently discovered North Dark Star oxide gold deposit on its 100-per-cent-owned/controlled Railroad-Pinion project in Nevada's Carlin trend. These new results further increase the size and strike length of mineralization at the North Dark Star deposit.

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "We continue to be impressed by North Dark Star's continuity of grade and thickness along strike. In our view, continuing success at Dark Star is confirming a major Carlin gold discovery. We are now moving ahead with early stage metallurgical testing to begin to characterize the cyanide leach recoveries from oxide material at North Dark Star."

The primary objective of this year's drill program at North Dark Star was to expand the high-grade zone discovered in core hole DS15-13 (15.4 metres of 1.85 grams per tonne and 97.0 m of 1.61 g/t Au) at the end of last year's drill program (see Jan. 21, 2016, news release). DS16-08 extended the zone 100 m to the south of DS15-13, returning a 126.2 m section grading 3.95 g/t Au, including higher-grade intervals of 44.0 m of 4.70 g/t Au, 17.9 m of 5.6 g/t Au and 7.9 m of 10.7 g/t Au (see Aug. 9, 2016, news release). DS16-03B has now extended the zone a further 120 m to the south of DS16-08, intersecting 101.2 m grading 1.50 g/t Au, including a higher-grade interval of 32.3 m of 2.87 g/t Au (please visit the company's website to view a plan and section maps).

Key North Dark Star highlights:

  • Core hole DS16-03B intersected a thick, vertically extensive, oxidized intercept of 101.2 m of 1.50 g/t Au approximately 120 m south of DS16-08 and 220 m south of discovery hole DS15-13. Gold mineralization in DS16-03B occurs in decalcified, variably silicified, pervasively oxidized and collapse brecciated debris flow conglomerate, bioclastic limestone, calcarenite, and silty limestone (visit the company's website for pictures of core). This is the same part of the carbonate section that hosts gold in drill holes DS16-08 and DS15-13.
  • North Dark Star mineralization is now continuous over approximately 270 m along strike from DS16-03B in the south to DS16-05 in the north. This gold zone remains open in multiple directions.
  • Reverse circulation precollar DS16-03, located five m from its replacement hole DS16-03B, intersected 10.7 m of 0.79 g/t Au before it was lost due to difficult drilling conditions. GSV has historically used RC drills to achieve more cost-effective penetration to the mineralized zone before switching to a core rig for completion of the hole.
  • Elevated gold values in DS16-03 and DS16-03B start approximately 60 m below the topographic surface.
  • Core hole DS16-01, the most westerly hole completed thus far at North Dark Star, located about 70 m west of DS15-13, returned modest gold values over narrow widths. Although conclusions cannot be reached on the basis of one hole, these results suggest that DS16-01 may be too far to the west of important mineral-controlling faults.

North Dark Star drill results are as shown in the table.

            NORTH DARK STAR DRILL RESULTS

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

DS16-01         150.9-155.3          4.4       0.17
                200.6-201.2          0.6       0.36
                223.6-225.6          2.0       0.20
                231.1-236.0          4.9       0.15
                250.7-251.7          1.0       0.23
                255.8-260.2          4.4       0.14
                264.5-266.0          1.5       0.32
                269.1-272.0          2.9       0.17
DS16-03           79.3-90.0         10.7       0.79
DS16-03B          53.3-54.8          1.5       0.15
                  60.9-65.5          4.6       0.21
                  82.3-95.1         12.8       0.37
                  97.0-98.2          1.2       0.78
                101.5-202.7        101.2       1.50
Including       148.8-181.1         32.3       2.87
                225.3-226.2          0.9       0.24
                317.3-347.9         30.6       0.50
Including       317.3-320.4          3.1       1.79
                363.4-367.7          4.3       0.25
                370.1-372.5          2.4       0.15

Gold intervals reported in this table were 
calculated using a 0.14 g/t 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.

Mac Jackson, Gold Standard's vice-president of exploration, stated: "The oxide core intercepts in DS16-03B and DS16-08 give us a lot of confidence in the north-south strike length and continuity we are building as we step to the south at North Dark Star. The gold zone in DS16-03B is hosted in exactly the same part of the section as drill holes DS16-08 and DS15-13, and is very similar in grade and thickness to our discovery intercept in DS15-13. This consistent through-going mineralization within a thick section of carbonate rock is a testament to the strength and quality of the Carlin-style gold system at North Dark Star. We are currently drilling both eastern updip and western downdip offsets of the gold zones intersected in DS16-08 and DS16-03B."

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

All sampling was conducted under the supervision of the company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 10th sample. The North Dark Star core and RC samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in Elko, Nev. The samples are crushed, pulverized and sample pulps are shipped to Bureau Veritas certified laboratory in Sparks, Nev., or Vancouver, B.C. 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 insure accurate and verifiable results.

Drill hole deviation is measured by a gyroscopic downhole survey that has been completed on holes DS16-01 and DS16-03B by International Directional Services of Elko, Nev. Final collar locations are surveyed by differential GPS by Apex Surveying LLC of Spring Creek, Nev.

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.

Gold Standard's Pinion deposit now has an NI 43-101 resource estimate consisting of an indicated mineral resource of 31.61 million tonnes grading 0.62 gram per tonne gold, totalling 630,300 ounces of gold, and an inferred resource of 61.08 million tonnes grading 0.55 g/t Au, totalling 1,081,300 ounces of gold, using a cut-off grade of 0.14 g/t Au. The Dark Star deposit, 2.1 kilometres to the east of Pinion, has an NI 43-101 resource estimate consisting of an inferred resource of 23.11 million tonnes grading 0.51 g/t Au, totalling 375,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced March 3, 2015).

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