New Dixie Deposit Expanded At Railroad-Pinon Project

VANCOUVER, BC - Gold Standard Ventures Corp. reported Phase 2 results from 18 reverse-circulation (RC) drill holes and one core hole at the Dixie Deposit and the Arcturus target on its Railroad-Pinion Project in Nevada’s Carlin Trend. Two RC holes at Dixie intersected thick, vertically-continuous zones of gold mineralization hosted in pervasively altered and variably oxidized Pennsylvanian-Permian (Penn-Perm) debris flow conglomerate and calcarenite, the same host section as the Dark Star deposit approximately four km to the north.  DX18-19 intersected 118.9m of 0.61 g Au/t, including two higher-grade zones of 10.7m of 1.49 g Au/t and 15.2m of 1.32 g Au/t.  DX18-26 intersected 137.2m of 0.53 g Au/t including 9.1m of 1.26 g Au/t. These are the thickest intercepts drilled to date at Dixie, once again confirming the host potential of the Penn-Perm carbonate rocks and the abundance of exploration opportunities in the Railroad District.

The 2018 drilling tested new targets west, north and south of Dixie where favorable Penn-Perm carbonate rocks are altered, folded and crosscut by dike-filled faults. The 26 holes completed in 2018 represent the first systematic drilling ever undertaken at Dixie, which lies within the highly prospective north-striking Dark Star Corridor.  Based on Gold Standard’s drilling, gold mineralization at Dixie extends for approximately 2,000m (north-south along strike) by 500m (east-west), and remains open in all directions for potential expansion of the deposit.

Jonathan Awde, CEO and Director, said, “Dixie is beginning to take shape as another valuable discovery by Gold Standard. Although more work needs to be done, the Dixie deposit is growing in size and grades appear to be improving to the north. Historically, the more we learn about deposits like Dixie, the more we find and the better they get. We also expect to make additional new discoveries in this year’s program.”

The Pinion deposit has a resource estimate prepared in accordance with NI 43-101 consisting of an Indicated Mineral Resource of 31.61 million tonnes grading 0.62 g/t Au, totaling 630,300 ounces of gold and an Inferred Resource of 61.08 million tonnes grading 0.55 g/t Au, totaling 1,081,300 ounces of gold, using a cut-off grade of 0.14 g/t Au. This resource will be re-estimated this year to include drill results from 2018. The Dark Star deposit, 2.1 km to the east of Pinion, has a resource estimate prepared in accordance with NI 43-101 consisting of an Indicated Mineral Resource of 15.38 million tonnes grading 0.54 g/t Au, totaling 265,100 ounces of gold and an Inferred Resource of 17.05 million tonnes grading 1.31 g/t Au, totaling 715,800 ounces of gold, using a cut-off grade of 0.2 g Au/t. This resource will also be re-estimated this year to include highly favorable 2018 drill results. The North Bullion deposit, 7 km to the north of Pinion, has a resource estimate prepared in accordance with NI 43-101 consisting of an Indicated Mineral Resource of 2.92 million tonnes grading 0.96 g/t Au, totaling 90,100 ounces of gold and an Inferred Resource of 10.97 million tonnes grading 2.28 g/t Au, totaling 805,800 ounces of gold, using a cut-off grade of 0.14 g Au/t for near surface oxide and 1.25 to 2.25 g Au/t for near surface sulfide and underground sulfide respectively. 

The company’s address is Suite 610, 815 West Hastings St., Vancouver, BC V6C 1B4, (604) 687-2766, www.goldstandardv.com.