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Enter Symbol
or Name
USA
CA



Gold Standard Ventures Corp
Symbol GSV
Shares Issued 167,769,539
Close 2016-01-25 C$ 0.87
Market Cap C$ 145,959,499
Recent Sedar Documents

ORIGINAL: Gold Standard drills 51.8 m of 0.82 g/t Au at Pinion

2016-01-25 09:20 ET - News Release

Received by email:

File: January 25 2016 - Pinion Drill Results - FINAL.docx


GOLD STANDARD PHASE 2 2015 DRILLING EXTENDS MULTIPLE OXIDE GOLD ZONES AT THE PINION DEPOSIT, CARLIN TREND NEVADA
Results include intercepts of 24.4m of 0.81g Au/t and 51.8m of 0.82 g Au/t 
January 25, 2016 - Vancouver, B.C. - Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) ("Gold Standard" or the "C
--->ompany) is pleased to announce assay results of 15 reverse-circulation (RC) holes from the 2015 Pinion Phase 2 drillin
--->g program at its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend.  Fourteen of these holes retu
--->rned significant intercepts with gold values above the cut-off grade of 0.14 g Au/t (grams of gold per tonne) includin
--->g five intercepts grading above one gram per tonne. Results are consistent with Pinion resource grades and thicknesses
---> and should therefore contribute additional ounces to a new resource estimate.  (See September 14, 2014 news release f
--->or details of the existing resource estimate and cut-off grade.) 
Phase 2 drilling at Pinion was designed to test five oxide resource expansion targets including: an offset of 24.4 m o
--->f 1.38 g Au/t in PIN15-02 (see news release dated July 28, 2015); high potential targets along the highly prospective 
--->South Fault Zone, and; the new Sentinel Contact target which is approximately 100m west of the Pinion Far North Zone. 
--->Phase 2 totaled 6,067m of RC drilling in 15 holes (click the following link for Pinion Phase 2 drill hole map: http://
--->goldstandardv.com/pinion-2015-drmap/ ).
Jonathan Awde, CEO and Director of Gold Standard commented: "Once again, step-out drilling from known mineralization h
--->as successfully extended all of our primary targets while new targets also continue to emerge. The size, continuity an
--->d robustness of the Pinion mineralizing system have already exceeded our expectations and there is clearly much more t
--->o go. We are anxious to begin our next phase of drilling as soon as ground conditions allow."
Key highlights of the Phase 2 program include:

At Northwest Pinion along the South Fault Corridor, PIN15-10 and PIN15-13 successfully intersected 24.4m of 0.81 g Au/
--->t and 22.9m of 0.56 g Au/t respectively, successfully following up 24.4m of 1.38 g Au/t in PIN15-02.  All three drill 
--->intercepts are oxidized and define significant open potential on the northwest margin of the deposit.

Main Zone gold was successfully extended 180m to the southeast by PIN15-15 which intersected 57.9 m of 0.43 g Au/t in 
--->oxidized and altered multi-lithic, dissolution collapse breccia (mlbx), the principal Pinion host rock.  This intercep
--->t also demonstrates the continuity of gold mineralization along an expanding north-south trend.

The South Gold Zone was extended to the southwest by PIN15-21 and -23, two holes completed as 100 meter step-outs from
---> the existing drill pattern. These holes intersected 52- and 61- meter thick mineralized, oxidized sections, of multi-
--->lithic breccia, respectively. In particular, PIN15-21's 51.8m of 0.82 g Au/t also contained enriched silver grading 27
--->.0 g Ag/t.  Based on geologic logging, the breccia horizons were oxidized in both holes, providing further confidence 
--->in the oxidized state of the mineralized horizon in the central part of the South Gold Zone.  

At Southeast Pinion, two holes, PIN15-20 and PIN15-22, successfully expanded a north-south trending zone of gold miner
--->alization to the south.  PIN15-22 extended the system 180 m to the south, drilling an unoxidized upper intercept of 24
--->.4m of 0.57 g Au/t, and a lower 22.9m oxidized intercept of 0.95 g Au/t.  Several favorable 30- to 45-meter thick feld
--->spar porphyry sills are present adjacent to the gold-bearing sections in this part of Pinion.  

Four holes (PIN15-16 thru -19) were drilled at the Sentinel Contact target.  The holes intersected narrow but promisin
--->g zones of near-surface, oxidized gold mineralization hosted in variably silicified, multi-lithic collapse breccia dev
--->eloped along the contact between the Devils Gate Limestone and the underlying Sentinel Mountain dolomite.  Oxide miner
--->alization is open in multiple directions. Further work is required to evaluate the potential of this target.

At the impressive new Sentinel Breccia target, a systematic surface sampling program consisting of 218 chip channel sa
--->mples were collected from oxidized and silicified mlbx outcrops.  The altered outcrops are located 300m north of the S
--->entinel Contact target in the footwall of the Bullion fault zone.  Individual samples varied from 0.6m to 3.1m in leng
--->th; assays from these samples ranged from 0.027 to 1.045 g Au/t.  Continuous rock chip channel samples returned the fo
--->llowing weight-averaged, composite intervals at a 0.14 g Au/t cutoff:  27.4m of 0.35 g Au/t; 12.2m of 0.46 g Au/t; 27.
--->4m of 0.32 g Au/t; 13.4m of 0.30 g Au/t; 10.4m of 0.27 g Au/t; 9.1m of 0.26 g Au/t and 21.3m of 0.20 g Au/t (click the
---> following link for Sentinel Breccia sampling map: http://goldstandardv.com/lp/sentinel-breccia-surface-intercepts/). 
---> 

Pinion drill results are as follows:
Drill Hole
 Method
 Azimuth
 Incl.
 TD (m)
 Intercept (m)
 Thickness (m) 
 Grade (g Au/t)
 
 PIN15-10
 RC
 254
 -55
 460.4
 204.3 - 228.7
 24.4
 0.81
 
 Including
 211.9 - 219.5
 7.6
 1.41
 
 
 233.2 - 254.5
 21.3
 0.16
 
 
 303.4 - 309.5
 6.1
 0.69
 
 
 317.1 - 320.2
 3.1
 0.29
 
 
 339.9 - 343.0
 3.1
 0.29
 
 
 347.6 - 350.7
 3.1
 0.20
 
 
 457.3 - 458.8
 1.5
 0.15
 
 PIN15-11
 RC
 189
 -67
 474.1
 423.8 - 426.9
 3.1
 0.14
 
 PIN15-12
 RC
 189
 -52
 417.7
 262.2 - 271.3
 9.1
 0.17
 
 PIN15-13
 RC
 191
 -58
 506.1
 216.5 - 228.7
 12.2
 0.43
 
 
 233.3 - 236.3
 3.1
 0.30
 
 
 268.3 - 277.4
 9.1
 0.19
 
 
 285.1 - 292.7
 7.6
 0.70
 
 
 306.4 - 329.3
 22.9
 0.56
 
 PIN15-14
 RC
 233
 -54
 384.1
 216.4 - 233.2
 16.8
 0.42
 
 
 243.9 - 245.4
 1.5
 0.19
 
 
 248.5 - 250.0
 1.5
 0.24
 
 PIN15-15
 RC
 086
 -45
 387.2
 7.6 - 10.7
 3.1
 0.51
 
 
 120.4 - 123.5
 3.1
 0.16
 
 
 236.3 - 294.2
 57.9
 0.43
 
 PIN15-16
 RC
 090
 -80
 251.5
 18.3 - 35.0
 16.7
 0.21
 
 
 42.7 - 44.2
 1.5
 0.17
 
 
 157.0 - 158.5
 1.5
 0.15
 
 PIN15-17
 RC
 090
 -50
 274.4
 45.7 - 48.8
 3.1
 0.19
 
 
 68.6 - 70.1
 1.5
 0.87
 
 
 82.3 - 85.4
 3.1
 0.16
 
 
 218.0 - 227.1
 9.1
 0.25
 
 PIN15-18
 RC
 270
 -50
 208.8
 27.4 - 30.5
 3.1
 0.16
 
 
 32.0 - 33.5
 1.5
 0.14
 
 
 67.1 - 68.6
 1.5
 0.21
 
 PIN15-19
 RC
 090
 -80
 239.3
 29.0 - 41.2
 12.2
 0.22
 
 
 70.1 - 71.6
 1.5
 0.15
 
 
 77.7 - 83.8
 6.1
 0.14
 
 PIN15-20
 RC
 164
 -54
 478.7
 53.3 - 64.0
 10.7
 0.38
 
 
 68.6 - 70.1
 1.5
 0.20
 
 
 172.3 - 213.4
 41.1
 0.36
 
 
 214.9 - 221.0
 6.1
 0.20
 
 
 233.2 - 236.3
 3.1
 0.21
 
 
 280.4 - 292.6
 12.2
 0.44
 
 PIN15-21
 RC
 158
 -78
 452.7
 321.6 - 373.4
 51.8
 0.82
 
 Including
Including
 327.7 - 332.3
 4.6
 1.98
 
 
 343.0 - 352.1
 9.1
 1.61
 
 
 379.6 - 381.1
 1.5
 0.20
 
 PIN15-22
 RC
 142
 -49
 525.9
 271.3 - 274.4
 3.1
 0.21
 
 
Including



Including
 320.1 - 344.5
 24.4
 0.57
 
 
 323.1 - 327.7
 4.6
 1.08
 
 
 358.2 - 359.7
 1.5
 0.17
 
 
 400.9 - 402.4
 1.5
 0.21
 
 
 419.2 - 442.1
 22.9
 0.95
 
 
 422.2 - 426.8
 4.6
 2.61
 
 
 490.9 - 492.4
 1.5
 0.14
 
 PIN15-23
 RC
 305
 -77
 400.9
 320.1 - 381.1
 61.0
 0.40
 
 PIN15-24
 RC
 
 -90
 605.2
 No intercepts > 0.14 g Au/t
 
 ** Gold intervals reported in these tables were calculated using a 0.14 g Au/t cutoff.  Weighted averaging has been u
--->sed to calculate all reported intervals.  True widths are estimated at 70-95% of drilled thicknesses.

Mac Jackson, Gold Standard's Vice President of Exploration stated: "We continue to expand the Pinion oxide gold deposi
--->t, which remains open, areally extensive, and very continuous.  In our 2016 program at Pinion, we will explore for hig
--->h-grade oxide northwest of the Pinion resource along the South Fault Zone and also drill the first holes into the impr
--->essive, multi-stage Sentinel Breccia, a new target within the footwall of the regionally-important Bullion Fault." 
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. A blank or certified reference material was inserted approximately every tenth sample. 
--->The Pinion samples were delivered to ALS Minerals preparation facility in Elko, NV. The samples are crushed, pulverize
--->d 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 elem
--->ents are determined by ICP analysis. Data verification of the analytical results includes a statistical analysis of th
--->e 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 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 is an advanced stage gold exploration company focused on district scale d
--->iscoveries in Nevada. The Company's flagship project, the Railroad-Pinion Gold Project, is located within the prolific
---> Carlin Trend. The 2014 Pinion gold deposit acquisition offers Gold Standard a potential near-term development option 
--->and further consolidates the Company's premier land package on the Carlin Trend. The Pinion deposit now has an NI43-10
--->1 compliant resource estimate consisting of an Indicated Mineral Resource of 20.84 million tonnes grading 0.63 grams p
--->er tonne (g/t) gold (Au), totaling 423,000 ounces of gold and an Inferred Resource of 55.93 million tonnes grading 0.5
--->7 g/t Au, totaling 1,022,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced September 10, 2014).  In 
--->addition, the Dark Star deposit, 2.1 km to the east of Pinion, also has an NI43-101 compliant resource estimate consis
--->ting of an Inferred Resource of  23.11 million tonnes grading 0.51 g/t Au, totaling 375,000 ounces of gold, using a cu
--->t-off grade of 0.14 g/t Au (announced March 3, 2015).   

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.
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 belie
--->fs and are based on assumptions made by and information currently available to the Company. All statements, other than
---> statements of historical fact, included herein including, without limitation, statements about our proposed explorati
--->on programs are forward looking statements. By their nature, forward-looking statements involve known and unknown risk
--->s, uncertainties and other factors which may cause our actual results, performance or achievements, or other future ev
--->ents, to be materially different from any future results, performance or achievements expressed or implied by such for
--->ward-looking statements.  Risk factors affecting the Company include, among others: the results from our exploration p
--->rograms, global financial conditions and volatility of capital markets, uncertainty regarding the availability of addi
--->tional capital, fluctuations in commodity prices; title matters; and the additional risks identified in our filings wi
--->th Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on EDGAR (available
---> at www.sec.gov/edgar.shtml). These forward-looking statements are made 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 reflec
--->t new events or circumstances.
CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES
All resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-
--->101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly fr
--->om the requirements of the U.S. Securities and Exchange Commission for descriptions of mineral properties in SEC Indus
--->try Guide 7 under Regulation S-K of the U. S. Securities Act of 1933. In particular, under U. S. standards, mineral re
--->sources may not be classified as a "reserve" unless the determination has been made that mineralization could be econo
--->mically and legally produced or extracted at the time the reserve determination is made. Accordingly, information in t
--->his press release containing descriptions of the Company's mineral properties may not be comparable to similar informa
--->tion made public by US public reporting companies.
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 Websi
--->te: www.goldstandardv.com





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