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GSV

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Share Name Share Symbol Market Type
TSXV:GSV TSX Venture Common Stock
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Gold Standard Initiates Drilling at its Pinion Oxide Gold Deposit in Nevada's Carlin Trend

22/05/2014 8:05am

Marketwired Canada


Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV)(NYSE Amex:GSV)
("Gold Standard" or the "Company") announced today that drilling has commenced
at the Company's Pinion Project with one reverse circulation and one core rig.
The Phase 1 program consists of thirteen vertical drill holes designed to
confirm and verify historic drill results in the Pinion North and Main Zones,
test the predictability of the new geological model and collect material for
density and metallurgical testing in advance of an initial NI 43-101 resource
estimation. Drilling, estimated at 2,100 meters, is expected to be completed
before the end of June.


Nine reverse circulation drill holes totaling about 1500 meters, and four core
holes totaling about 600 meters are planned for Phase 1 drilling at Pinion
(click the following for drill map:
http://goldstandardv.com/proposed-pinion-holes/). These proposed holes are
summarized below:




--  Core A and Core B will test for vertical extensions to mineralization in
    favorable stratigraphy and structure beneath existing holes which
    bottomed in gold. At these locations, historic drilling ended in
    Chainman Formation sandstone, stratigraphically above the favorable
    collapse breccia host.

--  Core C and Core D are designed to twin and verify existing gold
    intercepts in historic reverse circulation holes, test the lower limits
    of gold mineralization and confirm geology.

--  RC-1 is designed to expand the collapse breccia hosted mineralization to
    the west of the Main Zone.

--  RC-2, RC-3, RC-4, RC-5, RC-6, RC-8 and RC-9 are designed to expand the
    collapse breccia hosted mineralization between the Main and North Zones,
    in areas of wider-spaced historic drilling. Sites RC-8 and RC-9 are
    positioned along fault zones identified during recent re-logging and
    cross sectional interpretation of geology.

--  RC-7 is designed to expand the collapse breccia hosted mineralization to
    the east of the North Zone.



The Phase 1 drilling is a limited program but will allow for a systematic
build-up of the geologic model and resource, with a more substantial Phase 2
planned for the second half of 2014. At Pinion, gold is hosted in an oxidized,
flat to gently dipping, dissolution collapse breccia. Lateral extent and
continuity of gold mineralization is excellent due to the channeling of the gold
system within highly permeable collapse breccia sandwiched between relatively
impermeable, silty micrite of the overlying Mississippian Tripon Pass Formation
and thick bedded, calcarenite of the underlying Devonian Devil's Gate Formation.
Previously unrecognized, intrusive rocks occur within the deposit and indicate
the presence of important deep-seated, through-going conduits.


Gold Standard's President and CEO Jonathan Awde stated that "we have a high
degree of confidence that the current drill program will enable us to report a
resource which conforms to the standards of NI 43-101. This is an important
development for Gold Standard because it will enable the market to begin valuing
the Pinion asset in the context of comparable deposits."


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, B.Sc. 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 focused on district scale discoveries in Nevada. The Company's
flagship project, the Railroad-Pinion Gold Project, is located within the
prolific Carlin Trend. The recent Pinion gold deposit acquisition offers GSV a
potential near-term development option and further consolidates the Company's
premier land package in the Carlin Trend. Gold Standard is moving towards
building NI 43-101 compliant gold resources at both the near surface, oxide-gold
Pinion deposit and the classic Carlin style, North Bullion gold deposit in 2014.


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) 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
beliefs 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
financing are forward looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties 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-looking statements. Risk
factors affecting the Company include, among others: the results from our
exploration programs, global financial conditions and volatility of capital
markets, uncertainty regarding the availability of additional capital,
fluctuations in commodity prices; title matters; and the additional risks
identified in our filings with 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 reflect new
events or circumstances.


On behalf of the Board of Directors of Gold Standard,

Jonathan Awde, President and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Gold Standard Ventures Corp.
Jonathan Awde
President and Director
604-669-5702
info@goldstandardv.com
www.goldstandardv.com

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