New Shallow Oxide Gold Deposit Is Confirmed

VANCOUVER - Gold Standard Ventures Corp. reported results from three reverse-circulation (RC) drill holes at Jasperoid Wash, on claims recently added to its 100%-owned/controlled Railroad Gold Project in Nevada’s Carlin Trend. Jasperoid Wash is located approximately 6 km south of the Pinion Deposit and 7.5 km southwest of the Dark Star Deposit. These three holes are a portion of Gold Standard’s 2017 US$15.5 million exploration program.

The Jasperoid Wash drilling was designed to (1) follow-up on results in JW17-01 which intersected 103.7m of 0.56 g Au/t, including a higher-grade zone of 30.5m of 0.93 g Au/t; and (2) target structural zones and elevated surface geochemistry within a 2km by 0.5 km block of pervasively oxidized and altered debris flow conglomerate in the favorable Pennsylvanian-Permian host section. All three RC holes intersected thick zones of near-surface, oxidized mineralization, effectively increasing the size and grade of the shallow oxide gold zone drilled in JW17-01. The new deposit remains open in all directions. Results from seven additional RC holes and one core hole are pending.

Jonathan Awde, CEO and Director of Gold Standard commented: “Jasperoid Wash appears to be emerging as another important deposit for Gold Standard. These results remind us of the early days at North Dark Star where we encountered the same style of mineralization with similar grades and thicknesses. We plan to drill this target aggressively this year with the aim of reporting a maiden resource in 2018.