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TICKERS: GSV

Explorer Files Prefeasibility Study for Nevada Gold Project
News Update

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The next milestone for the Canadian company is submission of its application for permits.

Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the completion and filing of a South Railroad preliminary feasibility study on its Dark Star and Pinion oxide gold, heap-leach project in Nevada.

The study has 47.344 million tons of reserve ore at 0.82 grams per ton (0.82 g/t) gold, 4.7 g/t silver at Pinion, overall containing 1.248 million ounces of gold and 2.705 million ounces of silver.

Assuming $1,400 per ounce gold and $17.11 per ounce silver prices, the resulting life of mine pretax net present value 5% (NPV5%) was estimated at $302.1 million and the internal rate of return (IRR) at 32.4%. After tax for the life of mine, the NPV5% would be $241.5 million and the IRR, 27.8%.

As for costs, initial capex was determined to be $194 million and expansion capex, $88.3 million. Cash costs post byproduct credit were an estimated $582 per ounce. All-in sustaining cost was figured to be $657 per ounce.

The payback period was calculated to be 2.7 years.

Gold Standard is completing the application for permits, aiming to submit it to the U.S. Bureau of Land Management sometime during Q1/20.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Gold Standard Ventures. Click here for important disclosures about sponsor fees.
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