VANCOUVER, British Columbia, Nov. 15, 2017 (GLOBE NEWSWIRE) — Gold Standard Ventures Corp. (TSX:GSV) (NYSE AMERICAN:GSV) (“Gold Standard” or the “Company) today appear after-effects from 8 appraisal advance holes completed west-northwest and arctic of the Arctic Bullion drop on its 100%-owned/controlled Railroad Activity in Nevada’s Carlin Trend. Assays for two added assignment holes are pending. Collectively, these assignment holes are a allocation of Gold Standard’s 2017 US$15.5 actor affairs which includes up to 48,800 m of reverse-circulation (RC) and amount conduct in 117 holes (see February 2, 2017 account release).
Core aperture RR17-06 intersected 41.7m of 1.91 g Au/t, including a higher-grade breadth of 7.6m of 6.32 g Au/t (please go to the afterward articulation – https://goldstandardv.com/lp/north-bullion-novdrill-maps). This ambush is about 375m west-northwest of the abutting mineralized assignment aperture and identifies a new gold breadth outboard from the new Arctic Bullion beginning resource. Three added assignment holes in this breadth were absent above-mentioned to achievement and two added assignment holes accept not yet been assayed.
The primary cold of the 2017 Arctic Bullion assignment affairs was to appraisal for extensions of the Lower Breccia Gold Breadth to the west-northwest and arctic of the new Arctic Bullion beginning ability appear on September 21, 2017. Conduct followed-up on the 2016 after-effects in RR16-01 which intersected 65.6m of 3.17 g Au/t, including a higher-grade breach of 8.5m of 11.16 g Au/t amid west-northwest of antecedent conduct (announced on August 30, 2016); and, RR16-05 which alternate 19.8m of 4.40 g Au/t, including a higher-grade breach of 5.3m of 7.02 g Au/t amid arctic of antecedent conduct (announced on January 23, 2017). Based on 2016 conduct successes, Gold Standard connected with a added cost-effective access to conduct Arctic Bullion by application reverse-circulation (RC) rigs to assignment and case holes (so-called pre-collars) to base anon aloft the ambition afore switching to a amount rig to complete the aperture through the mineralized zone.
Jonathan Awde, CEO and Director of Gold Standard, commented: “Hole 6 confirms to us that the Arctic Bullion drop mineralization has ample allowance to grow. Arctic Bullion continues to be a absolute auspicious anticipation with apparent similarities to the ample gold deposits in the arctic allotment of Carlin.”
North Bullion assignment after-effects are as follows:
** Gold intervals appear in this table were affected application a 0.30 g Au/t cutoff. Weighted averaging has been acclimated to account all appear intervals. True widths are estimated at 70-90% of accomplished thicknesses.
Mac Jackson, Gold Standard’s Vice President of Appraisal stated: “The actuality that we can footfall out 375 meters on trend into a new accountability block and hit high-grade gold below post-mineral agitable awning demonstrates the appraisal abeyant we accept at Railroad-Pinion. We abide to abound the admeasurement of this ample system, afterward the archetypal appraisal progression on the Carlin Trend. There is amazing abstinent abeyant in the breadth about Arctic Bullion, and we plan to use geophysics and advance conduct to chase up on this new breadth in RR17-06, as able-bodied as appraisal added new covered targets.”
Sampling Methodology, Alternation of Custody, Quality Control and Quality Assurance
All sampling was conducted beneath the administration of the Company’s activity geologists and the alternation of aegis from the activity to the sample alertness ability was continuously monitored. Amount was cut at the company’s ability in Elko and one bisected was beatific to the lab for appraisal and the absolute actual retained in the aboriginal amount box. A bare or certified advertence absolute was amid about every tenth sample. The amount and RC samples were delivered to either ALS Minerals or Bureau Veritas Mineral Laboratories alertness ability in Elko, NV area they were ashamed and pulverized. Resulting sample pulps were alien to either ALS Minerals or Bureau Veritas certified class in Sparks, NV or Vancouver, BC. Pulps were digested and analyzed for gold application blaze appraisal admixture and an diminutive assimilation spectroscopy (AAS) accomplishment on a 30 gram split. All added elements were bent by ICP analysis. Data assay of the analytic after-effects included a statistical appraisal of the standards and blanks that charge canyon assertive ambit for accepting to assure authentic and absolute results.
Drill aperture aberration was abstinent by gyroscopic bottomward aperture surveys that were completed on all holes by Minex or International Directional Casework of Elko, NV. Final collar locations are surveyed by cogwheel GPS by Apex Surveying, LLC of Spring Creek, Nevada.
The accurate and abstruse agreeable independent in this account absolution accept been reviewed, absolute and accustomed by Steven R. Koehler, Gold Standard’s Manager of Projects, BSc. Geology and CPG-10216, a Qualified Person as authentic by NI 43-101, Standards of Disclosure for Mineral Projects.
ABOUT GOLD STANDARD VENTURES- Gold Standard is an avant-garde date gold appraisal aggregation focused on commune calibration discoveries on its Railroad-Pinion Gold Project, amid aural the abounding Carlin Trend. The 2014 Pinion and Dark Star gold drop acquisitions action Gold Standard a abeyant near-term development advantage and added consolidates the Company’s arch acreage amalgamation on the Carlin Trend. The Pinion drop now has an NI43-101 adjustable ability appraisal consisting of an Indicated Mineral Ability of 31.61 actor tonnes allocation 0.62 g/t Au, accretion 630,300 ounces of gold and an Inferred Ability of 61.08 actor tonnes allocation 0.55 g/t Au, accretion 1,081,300 ounces of gold, application a absolute brand of 0.14 g/t Au. The Dark Star deposit, 2.1 km to the east of Pinion, has a NI43-101 adjustable ability appraisal consisting of an Indicated Mineral Ability of 15.38 actor tonnes allocation 0.54 g/t Au, accretion 265,100 ounces of gold and an Inferred Ability of 17.05 actor tonnes allocation 1.31 g/t Au, accretion 715,800 ounces of gold, application a absolute brand of 0.2 g Au/t. The Arctic Bullion deposit, 7 km to the arctic of Pinion, has a NI43-101 adjustable ability appraisal consisting of an Indicated Mineral Ability of 2.92 actor tonnes allocation 0.96 g/t Au, accretion 90,100 ounces of gold and an Inferred Ability of 10.97 actor tonnes allocation 2.28 g/t Au, accretion 805,800 ounces of gold, application a absolute brand of 0.14 g Au/t for abreast apparent oxide and 1.25 to 2.25 g Au/t for abreast apparent sulfide and underground sulfide respectively.
Neither the TSX nor its adjustment casework provider nor the NYSE AMERICAN accepts albatross for the capability or accurateness of this account release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This account absolution contains advanced statements, which chronicle to approaching contest or approaching achievement and reflect management’s accepted expectations and assumptions. Such advanced statements reflect management’s accepted behavior and are based on assumptions fabricated by and advice currently accessible to the Company. All statements, added than statements of absolute fact, included herein including, after limitation, statements about our abeyant abreast appellation development advantage are advanced attractive statements. By their nature, advanced statements absorb accepted and alien risks, uncertainties and added factors which may account our absolute results, achievement or achievements, or added approaching events, to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by such advanced statements. Risk factors affecting the Aggregation include, amid others: the after-effects from our appraisal programs, all-around banking altitude and animation of basic markets, ambiguity apropos the availability of added capital, fluctuations in article prices; appellation matters; and the added risks articular in our filings with Canadian balance regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml). These advanced statements are fabricated as of the date hereof and, except as appropriate beneath applicative balance legislation, the Aggregation does not accept any obligation to amend or alter them to reflect new contest or circumstances.
CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES
All ability estimates appear by the Aggregation were affected in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards alter decidedly from the requirements of the U.S. Balance and Exchange Commission for descriptions of mineral backdrop in SEC Industry Guide 7 beneath Adjustment S-K of the U. S. Balance Act of 1933. In particular, beneath U. S. standards, mineral assets may not be classified as a “reserve” unless the assurance has been fabricated that mineralization could be economically and accurately produced or extracted at the time the assets assurance is made. Accordingly, advice in this columnist absolution absolute descriptions of the Company’s mineral backdrop may not be commensurable to agnate advice fabricated accessible by US accessible advertisement companies.
On account of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
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