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Gold Standard Ventures Corp.
Summary
| Project: | Railroad-Pinion | |
|---|---|---|
| Deposit: | South Railroad | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/18/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: Gold Standard Ventures Corp. announces a Pre-Feasibility Study report for its South Railroad deposit at the Railroad-Pinion project. PFS results incl. post-tax NPV of $265.0M, IRR of 40.0%. VANCOUVER, British Columbia, Feb. 18, 2020 -- Gold Sta | |
| Resources: | (Reserve, P+P): 47.344Mt @ 0.82g/t Au at Dark Star and Pinion | |
| CP/QP: | [Overall Report]: Art Ibrado, Matthew Sletten, Don Harris, Steven Koehler, Mark Laffoon (Independent;Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 18, 2020 -- Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today announced positive results from the Updated South Railroad Pre-Feasibility Study (“PFS”) on its 100%-owned/controlled Railroad-Pinion project in Nevada’s Carlin Trend, which show significant improvements compared to the first generation PFS released on September 10, 2019 (news release). The South Railroad portion 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. The first South Railroad PFS recommended a series of trade-off and optimization studies which have been completed and incorporated into the Updated PFS. Resource and reserve estimates remain materially unchanged since the September 10, 2019 news release and were not part of the PFS trade-off studies. The trade-off studies enhanced project economics and reduced project risks by lowering initial capital costs from $194M to $132.9M, increasing the after-tax IRR from 27.8% to 40%, and increasing the after-tax NPV from $241.5M to $265.0M. | |
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