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File: May 21 2013 - News Release - FINAL - Stockwatch.docx
GOLD STANDARD VENTURES INTERSECTS ADDITIONAL HIGH GRADE GOLD MINERALIZATION WITHIN THE NORTH BULLION DEPOSIT. GOLD ENV
--->ELOPE CONTINUES TO EXPAND. RAILROAD PROJECT, CARLIN TREND, NEVADA
May 21, 2013 - Vancouver, B.C. - Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT: GSV) ("Gold Standard" or the "Comp
--->any") (www.goldstandardv.com) today released results from eight core holes drilled into the North Bullion Fault Zone
---> (NBFZ) on its 100% controlled Railroad Project on the Carlin Trend, Nevada.
Highlights:
Hole 13-08, a 75 meter (246 feet) step-out to the north of the North Bullion (NB) gold deposit, encountered multiple z
--->ones of significant mineralization from 192 to 377 meters (630 to 1237 feet) including a high-grade zone in the lower
--->breccia which returned 73.5 meters (241 feet) grading 3.67 g/T of gold (0.107 oz Au/st) including 7.6 meters (25 feet)
---> of 12.07 g/T Au (0.352 oz Au/st). Upper hole highlights: a 38.7m (127 ft) intercept averaging 2.02 g/t (0.059oz Au/st
--->) including 7.9 meters (26 feet) of 3.77 g/T Au (0.110 oz Au/st), 4.9 meters (16 feet) of 5.62 g/T Au (0.164 oz Au/st)
---> and 25.5 meters (83.5 feet) of 1.89 g/T Au (0.055 oz Au/st) between 192 and 230 meters (630ft and 757 ft).
Hole 13-01, a 300 meter (984 feet) step-out to the south of the known NB deposit, returned 20.4 meters (67 feet) of
--->1.06g/T Au (0.031 oz Au/st), appearing to effectively increase the deposit's strike length by a third;
Holes 13-02 through 13-07 have confirmed the continuity and width of mineralization within the NB deposit and each one
---> returned significant gold values (see table below).
Holes 13-08 and 13-01together represent a 375 meter (1230ft) north and south extension to the NB gold deposit. The dep
--->osit remains open in multiple directions. The success of these step-out holes further strengthens the potential of the
---> entire 10km (6Mi) long Bullion Fault Corridor. (Please see drill hole location map at http://goldstandardv.com/images
--->/nbzf-drill-holes.jpg )
Key observations:
The high-grade results in 13-08 not only extend the high-grade zone 75 meters (246 feet) to the north but, more import
--->antly, demonstrate the presence of high-grade mineralization within the lower breccia zone. The lower breccia is domin
--->antly comprised of collapse breccias which are typically a key host for the better gold mineralization in the most pro
--->ductive deposits of the Carlin Trend. Until 13-08, we have encountered consistently thick intervals of mineralization
--->in the lower breccia grading 0.3 to 2.0 g/T of gold. Discovering high-grade mineralization in this location bodes well
---> for finding additional high-grade within the NB deposit and elsewhere in the Railroad district.
Further drilling is required to determine the orientation of the high-grade within the larger envelope of gold mineral
--->ization comprising the NB deposit. This drilling is now in progress. Feeder conduits may be more vertical than origina
--->lly thought and may be oriented sub-parallel to the drilling completed to date.
The NB deposit remains completely open to the north and south
Gold Standard commenced Phase 2 definition drilling of the NB gold deposit in February, 2013. Prior drilling consiste
--->d of a combination of vertical holes and east-directed fanned holes toward the graben-bounding structure on the east f
--->lank of the main NB target zone. The NBFZ mineralization is fairly typical of the Carlin-style, footwall-model deposi
--->ts where mineralization is best developed near to the major flanking structure. Historically, better mineralization i
--->s encountered up to several hundred feet from the structure. The original east-directed holes effectively discovered
--->the deposit and served to characterize the gold mineralization. Westerly oriented drill holes, 13-02 through 13-10, w
--->ere designed to establish the dimensions and provide definition to the deposit, which is an ongoing process.
Dave Mathewson, Gold Standard`s Vice President of Exploration, state: "we remain very confident that the NB gold depo
--->sit represents a major Carlin-style discovery and that we will be able to further demonstrate the size and the continu
--->ity of the high-grade over the next several months. Our Nevada exploration team is also anxious to recommence explorat
--->ion drilling along the prospective Bullion Fault Corridor to the south using what we have learned at the NB deposit.
--->Only a small portion of the 10 kilometers (six miles) of target strike length that Gold Standard controls has been exp
--->lored. The surface geochemistry - combined with the CSAMT data - appears to strengthen toward the south and the few h
--->istoric shallow drill holes that were completed also enhance the prospectiveness of the Bullion Fault Corridor southwa
--->rds."
Please see table below for detailed Intercepts for North Bullion Fault Zone. (Please see drill hole location map at ht
--->tp://goldstandardv.com/images/nbzf-drill-holes.jpg )
Drill Hole
RR13-01
Intercept (m)
Thickness (m)
Au Grade (g/t)
Other
Ag/Cu,Pb, Zn, Etc.
137.8-139.3
1.5
0.38
488.1-490.8
2.7
0.34
497.0-498.8
1.8
0.34
524.4-532.0
7.6
0.34
562.0-563.7
1.7
0.79
581.7-602.1
20.4
1.06
605.5-609.8
4.3
0.51
673.5-676.4
2.9
0.55
RR13-02
Intercept (m)
Thickness (m)
Grade (g/t)
218.5-221.6
3.1
0.41
226.5-233.8
7.3
0.45
296.6-375.0
78.4
0.93
Including
304.9-311.9
7.0
2.26
RR13-03
Intercept (m)
Thickness (m)
Grade (g/t)
153.4-154.9
1.5
0.41
159.5-165.6
6.1
0.38
189.3-200.0
10.7
1.51
Including
190.9-192.4
1.5
5.49
292.7-293.9
1.2
1.20
307.6-337.8
30.2
0.72
357.6-363.7
6.1
0.45
395.7-422.5
26.8
0.65
RR13-04
Intercept (m)
Thickness (m)
Grade (g/t)
150.0-160.1
10.1
0.65
0.65 oz Ag/st
285.6-354.2
68.6
0.438
Including
287.9-294.7
6.8
2.13
361.8-428.7
66.9
0.87
RR13-05
Intercept (m)
Thickness (m)
Grade (g/t)
155.8-176.2
20.4
0.96
0.57 oz Ag/st
211.0-213.1
2.1
0.34
239.9-249.0
9.1
2.34
Including
242.4-247.6
5.2
4.01
256.6-368.8
112.2
0.56
378.9-393.8
14.9
0.30
429.2-453.8
24.6
0.50
488.0-493.2
5.2
0.48
506.6-509.3
2.7
1.17
RR13-06
Intercept (m)
Thickness (m)
Grade (g/t)
150.5-155.5
5.0
0.58
162.8-166.7
3.9
1.00
211.0-233.1
22.1
2.00
301.2-322.2
21.0
0.69
336.0-394.2
58.2
0.51
445.1-449.8
4.7
0.79
RR13-07
Intercept (m)
Thickness (m)
Grade (g/t)
188.4-189.9
1.5
0.65
193.1-194.3
1.2
0.38
220.7-221.9
1.2
0.72
236.2-365.2
129.0
0.89
Including
273.5-286.6
13.1
2.19
Including
343.6-357.9
14.3
1.89
385.4-406.1
20.7
0.48
411.6-412.8
1.2
0.38
RR13-08
Intercept (m)
Thickness (m)
Grade (g/t)
192.1-230.8
38.7
2.02
Including
192.1-200.0
7.9
3.77
Including
195.1-200.0
4.9
5.62
205.3-230.8
25.5
1.89
303.6-377.1
73.5
3.67
Including
336.9-344.5
7.6
12.07
Including
352.1-364.3
12.2
6.93
Assays complete to 384 meters, TD at 578.5 meters
RR13-09
Intercept (m)
Thickness (m)
Grade (g/t)
In progress
RR13-10
Intercept (m)
Thickness (m)
Grade (g/t)
In Progress
*note: the gold intervals reported in the above table are based on a 0.100 g Au/t (0.003 oz Au/st) cutoff. Weighted a
--->veraging has been used to calculate all reported intervals. The reported gold intervals may, or may not represent tru
--->e thicknesses and, or widths. 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 Control and Quality Assurance: All sampling was conducted under the su
--->pervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facili
--->ty was continuously monitored. Core was cut at the Company's facility in Elko and one half was sent to the lab for ana
--->lysis and the other half retained in the original core box. A blank, quarter core duplicate or certified reference mat
--->erial was inserted approximately every tenth sample. The samples are delivered to ALS Minerals preparation facility in
---> Elko. The samples are crushed and pulverized and sample pulps are shipped to ALS Minerals certified laboratory in Van
--->couver. Pulps are digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) f
--->inish on a 30 gram split. All other elements are determined by ICP analysis. Data verification of the analytical resu
--->lts includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acce
--->ptance to insure accurate and verifiable results.
The scientific and technical content and interpretations contained in this news release have been reviewed, verified a
--->nd approved by Steven R. Koehler, Gold Standard's Manager of Projects, BSc. Geology and CPG-10216, a Qualified Person
--->as defined by NI 43-101, Standards of Disclosure for Mineral Projects.
ABOUT GOLD STANDARD VENTURES - Gold Standard Ventures is focused on the acquisition and exploration of gold projects i
--->n North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 40,000 acres of p
--->rospective ground within North Central Nevada and the Walker Lane of which 16,748 acres comprise the flagship Railroad
---> Gold Project on the productive Carlin Gold Trend.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exch
--->ange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Gold Standard,
"Jonathan Awde"
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde President Tel: 604-669-5702 Email: info@goldstandardv.com Website: www.goldstandardv.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which relate to future events or future performance and reflect
---> management's current expectations and assumptions. Such forward-looking statements reflect management's current beli
--->efs and are based on assumptions made by and information currently available to the Company. All statements, other tha
--->n statements of historical fact, included herein including, without limitation, statements about our current drill pla
--->ns are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncert
--->ainties and other factors which may cause our actual results, performance or achievements, or other future events, to
--->be materially different from any future results, performance or achievements expressed or implied by such forward-look
--->ing statements. Such factors include, among others, the following risks: operational risks associated with mineral exp
--->loration; unanticipated geological formations, fluctuations in commodity prices; title matters; and the additional ris
--->ks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and w
--->ith the SEC on EDGAR (available at www.sec.gov/edgar.shtml). Furthermore, the existence of gold deposits on nearby pro
--->perties is not necessarily indicative of the mineralization on our properties. These forward-looking statements are ma
--->de as of the date hereof and, except as required under applicable securities legislation, the Company does not assume
--->any obligation to update or revise them to reflect new events or circumstances.
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