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Gold Standard Ventures Corp.

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Summary

Project:

Lewis

Deposit:Virgin
Location:United States
Commodities:Silver-Gold
Date:5/5/2020
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:5-5-2020: Gold Standard Ventures Corp. announces a Resource Estimation report for its Virgin deposit at the Lewis project. Initial Mineral Resource Estimate for the Lewis Project. VANCOUVER, British Columbia, May 05, 2020 -- Gold Standard Ventures Corp. (
Resources:(Resources, Inf.): 7.74Mt @ 0.83g/t Au, 14.22g/t Ag (205.8koz Au, 3.537Moz Ag)
CP/QP:[Resource]: Michael Dufresne, Steven Nicholls, Warren Black (APEX Geoscience Ltd.)
ABSTRACT:VANCOUVER, British Columbia, May 05, 2020 -- Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today announced an initial mineral resource estimate (“MRE”) for the Virgin gold and silver deposit (the “Virgin Deposit”) on its 100%-owned/controlled Lewis Project in Nevada’s Battle Mountain Trend (the “Lewis Project”). The mineral resource estimate was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by APEX Geoscience Ltd. of Edmonton, Canada (“APEX”) and has an effective date of May 1, 2020. The Company has decided to prepare and file a technical report in accordance with NI 43-101 on SEDAR within 45 days. In its summary report, APEX estimates an Inferred Mineral Resource of 7.74 million tonnes grading 0.83 grams gold per tonne (g Au/t), totaling 205,800 ounces of gold and 14.22 grams silver per tonne (g Ag/t) totaling 3,537,300 ounces of silver (at a lower cutoff of 0.20 g Au/t) (Table 1). A sensitivity analysis of the grade and tonnage relationships at a variety of cut off grades is shown in the accompanying Table 2 below.

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