Increased Oxide Gold Resource At The Darkstgr Deposit

VANCOUVER, BC - Gold Standard Ventures Corp. reported an updated National Instrument (NI) 43-101-compliant resource estimate for its Dark Star gold deposit on its 100%-owned/controlled Railroad-Pinion Project in Nevada’s Carlin Trend. The estimate was prepared by APEX Geoscience Ltd. of Edmonton, Canada.

In its summary report, APEX estimates an Indicated Mineral Resource of 15.38 million tonnes grading 0.54 grams per tonne (g/t) gold (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 0.20 g Au/t (Table 1). A sensitivity analysis of the grade and tonnage relationships at a variety of cutoff grades.

Jonathan Awde, CEO and Director of Gold Standard commented: “Our discovery of North Dark Star in 2015 has made an important tonnage contribution to this resource estimate at a very desirable grade. We are very confident that this estimate will grow with this year’s aggressive drill program.”

Key Highlights: Indicated Mineral Resource of 265,100 troy ounces of gold contained in 15.38 million tonnes at an average grade of 0.54 g Au/t (at a lower cutoff of 0.20 g Au/t). This is the first Indicated Mineral Resource at the Dark Star deposit. A portion of the Indicated Mineral Resource crops out at surface; Inferred Mineral Resource of 715,800 troy ounces of gold contained in 17.05 million tonnes at a capped grade of 1.31 g Au/t (at a lower cutoff of 0.20 g Au/t), up 93% over the 2015 maiden Inferred Mineral Resource; The North Dark Star discovery and the Dark Star Main maiden resource are connected and form a continuous gold zone with a strike length of approximately 1300m; Both North Dark Star and Dark Star Main are included in this resource estimate and are referred to as a single deposit, “Dark Star.” The Indicated resource is from the former Main Dark Star deposit which has a greater density of drilling while the Inferred resource estimate is largely from the former North Dark Star deposit discovered more recently; Gold mineralization remains open in multiple directions. Excellent potential exists for expansion of the resource along geologic controls identified during the modeling of the deposit. Approximately 12,600m of drilling will be completed in 2017 to further expand the oxide resource; The Dark Star resource estimate includes only material amenable to cyanide leaching. Drilling has encountered small zones of sulfide mineralization that are not included in the resource estimate; The reported resources have been constrained within an optimized pit shell at $US1,250/ounce of gold, consistent with resource disclosure by major companies; The resource estimate is based on 135 reverse circulation (RC) holes and 23 core holes; Due to the good lateral continuity of the gold zone and geologic controls modeled from oriented core, the potential to convert inferred resources to indicated resources with future drilling is considered high; The gold resource is hosted in Pennsylvanian-Permian collapse brecciated debris flow conglomerate and bioclastic limestone that is oxidized, decalcified, variably silicified. These sedimentary rocks are cut by thin rhyolite dikes and sills, part of a north-striking zone of faults, igneous rocks, and silicification that runs along the east side of the Pinon range that is referred to as the Dark Star Corridor and the Company recently received a Finding of No Significant Impact and Decision Record from the U.S. Bureau of Land Management for the South Railroad Exploration EA. The EA covers approximately 12 square miles and provides the Company with up to 250 acres of new disturbance. Gold Standard will bond for Phase 1 now which is 100 acres of disturbance.  The EA will allow the Company to continue to explore high priority targets at Dark Star, the Dark Star Corridor and Pinion.