VANCOUVER, British Columbia, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Gold Standard Ventures Corp. (TSXV:GSV) (NYSE American:GSV) (“Gold Standard” or the “Company) today announced a maiden mineral resource estimate for its North Bullion gold deposit on its 100%-owned/controlled Railroad - Pinion Project in Nevada’s Carlin Trend, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The maiden mineral resource estimate also includes resources at Sweet Hollow and POD in the nearby historic Railroad District for the first time. These resource estimates were prepared by APEX Geoscience Ltd. of Edmonton, Canada (“APEX”) and are dated September 8, 2017. A technical report prepared in accordance with NI 43-101 will be filed with SEDAR within 45 days of the date of this news release.
The majority of the mineralization at the Sweet Hollow and POD deposits is oxidized. The Sweet Hollow and POD oxide mineralization is about 7 km (4.2 miles) north of the Pinion and Dark Star gold deposits. The North Bullion deposit hosts sulphide mineralization typical of the large deposits found in the north portion of the Carlin Trend.
Highlights (see Table 1 below)
At Sweet Hollow and POD, APEX has estimated a new near surface oxide Indicated Mineral Resource of 90,100 troy ounces of gold contained in 2.92 million tonnes at an average grade of 0.96 grams per tonne (g/t) gold (Au) (at a cut-off of 0.14 g Au/t). No mineral resources have previously been reported for these deposits.Also at Sweet Hollow and POD, APEX has estimated a near surface oxide Inferred Mineral Resource of 46,600 troy ounces of gold contained in 3.36 million tonnes at an average grade of 0.43 g/t Au (at a cut-off of 0.14 g Au/t).At North Bullion (and including a minor contribution from Sweet Hollow and POD), APEX has estimated a near surface (pit constrained) sulphide Inferred Mineral Resource of 171,400 troy ounces of gold contained in 2.05 million tonnes at an average grade of 2.6 g/t Au (at a cut-off of 1.25 g/t Au). No mineral resources have previously been reported for the North Bullion deposit.Also at North Bullion, APEX has estimated a deeper (underground) sulphide Inferred Mineral Resource of 587,700 troy ounces of gold contained in 5.55 million tonnes at an average grade of 3.29 g/t Au (at a cut-off of 2.25 g/t Au).
A sensitivity analysis of the grade and tonnage relationships at a variety of cut-off grades is shown in the accompanying Tables 2 and 3 below. Click the following link for a North Bullion, Sweet Hollow and POD resource map. https://goldstandardv.com/lp/north-bullion-resource-estimate/
Jonathan Awde, CEO and Director of Gold Standard commented: “Our Carlin resource base continues to grow. The structure and mineralogy of the North Bullion deposit strongly resembles the large gold deposits at the north end of the Carlin Trend. We continue to have success drilling this deposit and it remains open in multiple directions. However, our priority remains expanding the shallow oxide deposits which are faster and less costly to develop,” he said.
Based upon detailed modelling of the drill information (from 503 drill holes) in conjunction with reasonable prospects of future economic extraction, APEX estimates within the mineralized zones a mineral resource that is comprised of the following: a pit constrained near surface oxide Indicated Mineral Resource of 2.92 million tonnes grading 0.96 g/t Au, totaling 90,100 troy ounces of gold, a pit constrained oxide and sulphide Inferred Mineral Resource of 5.42 million tonnes grading 1.25 g/t Au, totaling 218,000 troy ounces of gold, and a deeper underground constrained sulphide Inferred Mineral Resource of 5.55 million tonnes at an average grade of 3.29 g/t Au, totaling 587,700 troy ounces of gold (Table 1). A sensitivity analysis of the grade and tonnage relationships at a variety of cut-off grades is shown in the accompanying Tables 2 and 3 below. Click the following link for a North Bullion, Sweet Hollow and POD resource map. https://goldstandardv.com/lp/north-bullion-resource-estimate/
Table 1. The North Bullion, Sweet Hollow and POD mineral resource estimate with cut-off grades is summarized below*:
| Classification | Constraint | Cut-off for Au (g/t) | Tonnage (million metric tonnes) | Au Grade (g/t) | Contained Au**(troy ounces)*** |
| Indicated TOTAL | Oxide - Pit Constrained | 0.14 | 2.92 | 0.96 | 90,100 |
| Inferred | Oxide - Pit Constrained | 0.14 | 3.36 | 0.43 | 46,600 |
| Inferred | Sulphide - Pit Constrained | 1.25 | 2.05 | 2.60 | 171,400 |
| Inferred Subtotal | Pit Constrained Inferred Subtotal | 0.14, 1.25 | 5.42 | 1.25 | 218,000 |
| Inferred | Sulphide Underground | 2.25 | 5.55 | 3.29 | 587,700 |
| Inferred TOTAL | Pit Constrained and Underground Inferred Total | 0.14, 1.25, 2.25 | 10.97 | 2.28 | 805,800 |
* Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Mineral Resources tabulated above as an Indicated or Measured Mineral Resource. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.**The recommended reported resources are highlighted in bold and have been constrained within a $US1,350/ounce of gold optimized pit shell and/or an underground mining scenario utilizing a 2.25 g/t Au lower cutoff.***Contained troy ounces may not add due to rounding.
Table 2. Sensitivity analysis of the Sweet Hollow and POD oxide mineral resource estimate for gold at various cut-off grades*:
| Classification | Au Cut-off (grams per tonne) | Tonnage - Au (million metric tonnes) | Au Grade (grams per tonne) | Contained Au (troy ounces)*** |
| Indicated (Oxide) | 0.0 | 3.04 | 0.93 | 90,600 |
| 0.14** | 2.92 | 0.96 | 90,100 |
| 0.2 | 2.51 | 1.09 | 87,800 |
| 0.3 | 1.64 | 1.53 | 80,800
| 0.4 | 1.41 | 1.73 | 78,400 | | 0.5 | 1.40 | 1.74 | 78,200 | | | | Inferred (Oxide) | 0.0 | 3.63 | 0.41 | 47,500 | | 0.14*** | 3.36 | 0.43 | 46,600 | | 0.2 | 2.71 | 0.49 | 43,000 | | 0.3 | 1.47 | 0.70 | 33,200 | | 0.4 | 1.14 | 0.81 | 29,700 | | 0.5 | 1.09 | 0.82 | 28,800 | * Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the Inferred Mineral Resources tabulated above as an Indicated or Measured Mineral Resource. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.**The recommended reported resources are highlighted in bold and have been constrained within a $US1,350/ounce of gold optimized pit shell.***Contained troy ounces may not add due to rounding. Table 3. Sensitivity analysis of the North Bullion, Sweet Hollow and POD sulphide mineral resource estimate for gold at various cut-off grades*: | Classification | Au Cutoff (grams per tonne) | Tonnage - Au (million metric tonnes) | Au Grade (grams per tonne) | Contained Au (troy | |