Expansion of Gold Standard's North Dark Star Deposit

 

VANCOUVER, BC - Gold Standard Ventures Corp. reported assay results from two holes, DS16-21 and DS16-04, at the recently discovered North Dark Star oxide gold deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. Results from DS16-21 have increased the width of the deposit and, more importantly, have confirmed that higher-grade oxide mineralization projects up-dip to more shallow depths to the east of DS16-08.

The primary objective of this year's drill program at North Dark Star was to expand the high grade zone discovered in core hole DS15-13 (15.4m of 1.85 g Au/t and 97.0m of 1.61 g Au/t) at the end of last year's drill program. DS16-08, located 100m south of DS15-13, began to achieve this objective when it returned a 126.2 meter section grading 3.95 g Au/t including higher grade intervals of 44.0m of 4.70 g Au/t, 17.9m of 5.6 g Au/t and 7.9m of 10.7 g Au/t. Then, DS16-03B, located 120m south of DS16-08, intersected a 101.2 meter section grading 1.50 g Au/t including a higher grade interval of 32.3m of 2.87 g Au/t.

The most recent core hole, DS16-21, returned a fully oxidized 56.2 meter section grading 1.83 g Au/t, including higher grade intervals of 5.8m of 2.74 g Au/t and 9.8m of 3.78 g Au/t. All of the gold values within the 56.2 m intercept are above the cut-off grade of 0.14 g Au/t established by APEX Geoscience Ltd. of Edmonton, Canada in its Dark Star NI43-101 resource estimate announced on March 3, 2015.

Jonathan Awde, CEO and Director of Gold Standard commented: "The up-dip extension found in hole 21 is exactly what we need to build tonnage potential at North Dark Star. Proximity to surface for this high grade material should also have a very favorable impact on mine plans. Drilling continues with three rigs in the Dark Star Corridor, one rig at the new Sentinal Target north of Pinion, while a fifth rig is following up the exciting results we recently reported from our North Bullion high grade deposit."

Key North Dark Star Highlights

The intercept of 56.2m of 1.83 g Au/t in DS16-21 starts approximately 25 meters below the topographic surface. This intercept represents the shallow, up-dip continuation of the intercept of 126.2m of 3.95 g Au/t intersected in DS16-08. DS16-21 was collared approximately 85 meters east of DS16-08 and drilled parallel to it at -45 degrees dipping to the east.