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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 259,809,678
Close 2018-10-10 C$ 2.26
Market Cap C$ 587,169,872
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Gold Standard samples 12.9 g/t Au at Railroad

2018-10-11 06:41 ET - News Release

Mr. Jonathan Awde reports

HIGH-GRADE OXIDE GOLD VALUES FOUND AT GOLD STANDARD'S LT TARGET IN CARLIN TREND

Surface rock samples have identified another highly prospective oxide gold target, known as the LT target, on Gold Standard Ventures Corp.'s 100-per-cent-owned/controlled Railroad-Pinion project in Nevada's Carlin trend. The LT target is located three kilometres north-northwest of Gold Standard's Pinion oxide gold deposit. Highlights include assay values ranging from less than 0.005 to 12.90 grams per tonne gold, including 12.90 g/t Au, 11.20 g/t Au, 6.65 g/t Au and 4.50 g/t Au in individual rock samples collected from surface outcrops over a 400-metre-by-200-metre area.

Historic drill results at LT included intercepts of 48.8 m of 0.44 g/t Au and 6.1 m of 2.80 g/t Au in two drill holes, and surface rock samples ranging from less than 0.005 to 4.99 g/t Au. These historic results, in conjunction with Gold Standard's recent surface rock results, prompted a re-examination of the area. Gold mineralization is hosted in decalcified, silicified and oxidized multilithic dissolution collapse breccia proximal to a north-striking igneous dike. This is the same stratigraphic horizon and style of alteration that hosts the nearby Pinion oxide gold deposit. A geologic mapping program is currently under way to identify the extent of the altered multilithic breccia host and structural controls on the mineralization. This information will be used to develop a 2019 drilling program.

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "LT is further evidence of the robust, district scale of the Railroad-Pinion mineral system. This target is farther north and west than our exploration to date and we are seeing the same characteristics that have marked our discoveries at Dark Star, Jasperoid Wash and Dixie but with better surface gold exposure. I am impressed by our technical team's ability to apply our growing understanding of how this district was formed and mineralized to quickly qualify new opportunities. We believe that LT is not the last new target we will find this year."

Key highlights:

  • 70 rock samples were collected from altered outcrops over a 400 m by 200 m area. Eight samples returned values greater than 1.0 g/t Au and nine samples returned fire assay values ranging from 0.1 to 1.0 g/t Au. Noteworthy results included 12.90 g/t Au, 11.20 g/t Au, 6.65 g/t Au and 4.50 g/t Au in four individual chip channel samples. The range for all samples is from less than 0.005 to 12.90 g/t Au.
  • Cyanide solubility assays run on samples greater than 0.10 g/t Au ranged from 64 per cent to 99 per cent, indicating the mineralization is oxide.
  • A geologic mapping program is currently under way to identify the extent of the altered multilithic breccia host and structural controls of the area. This information will be used to develop drill targets for 2019.

Robert J. Edie, Gold Standard's project geologist working at LT, stated: "The plus 4.0 g/t Au surface samples collected at LT represent a strong hydrothermal system that produces higher-grade gold values. These results support Gold Standard's dual-track strategy of developing the Dark Star and Pinion oxide deposits while actively evaluating new, early-stage exploration targets. LT is another example of GSV's ever-growing pipeline of early-stage exploration opportunities in the Railroad district."

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

All sampling was conducted under the supervision of the company's project geologist 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 samples were delivered to Bureau Veritas Mineral Laboratories preparation facility in Elko, Nev., where they were crushed and pulverized. Resulting sample pulps were shipped to Bureau Veritas-certified laboratory in Sparks, Nev., or Vancouver, B.C. Pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. Overlimit gold assays were determined using a fire assay fusion with a gravimetric finish on a 30-gram split. All other elements were determined by ICP (inductively coupled plasma) analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.

The scientific and technical content 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.

About Gold Standard Ventures Corp.

Gold Standard is an advanced-stage gold exploration company focused on district-scale discoveries on its Railroad-Pinion gold project, located within the prolific Carlin trend. The 2014 Pinion and Dark Star gold deposit acquisitions offer Gold Standard a potential near-term development option and further consolidate the company's premier land package on the Carlin trend. The Pinion deposit has a mineral resource estimate prepared in accordance with NI 43-101 consisting of an indicated mineral resource of 31.61 million tonnes grading 0.62 gram per tonne Au, totalling 630,300 ounces of gold, and an inferred mineral 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 a mineral resource estimate prepared in accordance with NI 43-101 consisting of an indicated mineral resource of 15.38 million tonnes grading 0.54 g/t Au, totalling 265,100 ounces of gold, and an inferred mineral resource of 17.05 million tonnes grading 1.31 g/t Au, totalling 715,800 ounces of gold, using a cut-off grade of 0.2 g/t Au.

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