Positive Pre-Feasibility Study For Portion Of South Railroad Oxide Gold Project

 

VANCOUVER, BC - Gold Standard Ventures Corp. reported positive results from the completion of the South Railroad Pre-Feasibility Study (PFS) on its 100%-owned/controlled Railroad-Pinion project in Nevada’s Carlin Trend. The South Railroad project subset of the Railroad-Pinion Project, consisting of the Dark Star deposit and Pinion deposit, hosts one of the largest, undeveloped oxide gold reserves on the Carlin Trend. 

Key Highlights of the Base Case South Railroad PFS include (all currencies are shown in US dollars): Pre-tax net present value (NPV”) of $302.1M at a 5% discount rate and after tax NPV of $241.5M at a $1,400 gold price and a $17.11 silver price, with a mineral reserve pit designs based on a gold price of $1,250 per ounce and a silver price of $15.30 per ounce; After tax IRR 27.8%; Average annual gold placement of 156,000 ounces gold per year over an initial 8-year mine life; Average life of mine cash cost of $582 per ounce after by-product credit, and all in sustaining costs (AISC) of $657 per ounce; Proven and probable mineral reserves of 1.248 million ounces of gold and 2.705 million ounces of silver; Life of mine strip ratio of 3.1:1; Initial capital expenditures of $194.0M; & Project economics include 15% contingency.

Jonathan Awde, CEO and Director, said, “We are very pleased with this first iteration of this PFS which is needed now so that we can start the permitting process. We have many opportunities to improve on the base case which includes the goal to add mine life by potentially upgrading more of the existing resources within the PFS area and exploiting the other nearby deposits we have discovered. We also have some great opportunities to improve economics via trade-off studies which could reduce capital costs or improve recoveries.  We will be looking to quantify these opportunities through further economic studies in the first half of 2020.  Meanwhile, drilling is proceeding on some of our project’s best exploration targets.”

The company’s address is 815 West Hastings Street Suite #610, Vancouver, BC V6C 1B4, (604) 669-5702, www.goldstandardv.com.