Gold Standard Ventures Feasibility Study Update and Conference Call

Rhea-AI Summary

Gold Standard Ventures Corp. (GSV) announced an update to the base case scenario of the South Railroad Project Feasibility Study. The company aims to be the low-cost junior gold producer in Nevada. The final analysis shows that the run-of-mine heap leaching process will be adopted as the base case, which is projected to enhance free cash flow in the first five years and enable quicker capital payback. A conference call is scheduled for February 24, 2022, to discuss these developments.

Positive

• Adoption of run-of-mine heap leaching maximizes project value.
• Higher free cash flow expected over the first five years.
• Faster payback of initial capital investment.

Negative

• None.

VANCOUVER, British Columbia, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold Standard” or the “Company”) announces an update to the base case scenario of the South Railroad Project Feasibility Study and timing of the Feasibility Study conference call. Investors, media and the public are invited to listen to the conference call.

Jason Attew, President and CEO, commented, “The imminent release of the South Railroad Project Feasibility Study is an important milestone for Gold Standard to achieve our goal of becoming the low-cost junior producer of choice in Nevada. Final trade-off study analysis completed by our technical team and consultants indicates that a processing scenario of run-of-mine only (“ROM Only”) heap leaching maximizes the value and returns of the project and will be run as the base case in our Feasibility Study (versus the high-pressure grinding rollers (“HPGR”) crushing circuit case). Additional benefits of the ROM Only processing scenario include higher free cash flow over the first five years of operations and a faster payback of initial capital, allowing us to focus on exploration programs targeting the expansion of oxide and sulphide mineralization across our +21,000 hectare property package with a stronger pro-forma balance sheet.”

• Conference call and webcast: Thursday, February 24, 2022, at 10:00 pm PT.
  

	Toll-free in U.S. and Canada:		+1 (800) 319-4610
	All other callers:		+1 (604) 638-5340
Webcast: https://services.choruscall.ca/links/goldstandard20220224.html

• The conference call will be archived and available on our website. Audio replay will be available for two weeks by calling:
  

	Toll-free in U.S. and Canada:		+1 (855) 669-9658, replay code 1857
	All other callers:		+1 (604) 674-8052, replay code 1857

About Gold Standard

Gold Standard is developing the South Railroad Project, an open pit, heap leach gold project located in Elko County, Nevada. The project is part of a +21,000 hectare land package on the Carlin Trend, and is 100% owned or controlled by Gold Standard. The goal of the Company is to become the low-cost junior producer of choice in Nevada, one of the premier mining jurisdictions in the world.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements, which relate to future events or future performance. All statements, other than statements of historical fact, included herein including, without limitation, statements about the potential financing and construction of the South Railroad Project (“SRP”), and becoming a low-cost gold producer are forward looking statements. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company, including that the Company will be successful in the financing and construction of the SRP. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, among others: that the Company may not be successful in financing and constructing the SRP; that the SRP may never be placed into production; global financial conditions and volatility of capital markets, uncertainty regarding the availability of additional capital, fluctuations in commodity prices; and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

For further information contact:
Michael McDonald
Vice President, Corporate Development & Investor Relations
Phone: 1-604-687-2766
E-Mail: info@goldstandardv.com

FAQ

What is the update on the South Railroad Project by Gold Standard Ventures (GSV)?

Gold Standard Ventures announced an update to the base case scenario of the South Railroad Project, focusing on run-of-mine heap leaching.

When is the conference call for the Feasibility Study of the South Railroad Project?

The conference call is scheduled for February 24, 2022, at 10:00 PM PT.

What processing method will Gold Standard Ventures (GSV) use for the South Railroad Project?

The company will use the run-of-mine heap leaching method as the base case in the Feasibility Study.

What are the expected financial benefits of the South Railroad Project?

The project is expected to yield higher free cash flow and faster capital payback in its initial years.