Railroad

Railroad – opportunity for multi-million ounce gold discoveries on the Carlin Trend, Nevada

Gold Standard Ventures acquired the Railroad District in 2009, and is now in the process of applying modern-day exploration techniques and models to discover new gold deposits in this target-rich District. Carlin-style deposits are in evidence through recent drilling conducted by GSV. Targets outside of the North Bullion Fault Zone (“NBFZ”) remain largely undrilled and many targets obscured by structural complexity and cover have yet to be drilled. Gold Standard has identified several new target opportunities and is in the process of assessing these targets with both reverse circulation and core drilling. The North Bullion discovery is hosted within the NBFZ which is part of the greater Bullion Fault Corridor – approximately 10km (6 mi) of linear target area within the Railroad exploration window. The focus of the company is further delineation within the North Bullion Fault Zone as well as continued exploration within the highly prospective NBFZ where, based on extensive geophysics and geochemistry, the company believes multiple undiscovered gold deposits still remain. In addition to the work being carried out within the NBFZ, the entire Bullion Fault Corridor is now being assessed for further localized target areas – as the expectations within NBFZ grow southwards along the corridor.

Highlights

Railroad is located in the southern portion of the Carlin Trend, 29mi south of Elko, adjacent to Newmont’s Rain and Emigrant mines.
100% owned and controlled District Scale land position, approximately 17,000 acres (~26 sq miles). Railroad encompasses the entire “Fourth Window” on the Carlin Trend (See Maps and Sections for image). Lower Plate rocks and silicification is exposed at surface.
The recent Pinon acquisition, contiguous to Railroad project, has increased the land package by an additional ~5,600 acres (~9 sq miles). The Pinon acquisition includes ~51% of the historic Pinon resource – almost 1Million Oz Au oxide resource (not 43-101 compliant).
Railroad and Pinon have potential for composite multi-million ounce deposits. Numerous geological similarities with the larger more robust Carlin deposits on the northern portion of the Carlin Trend.
New Gold Discovery (Jan 2011) within the North/South trending Bullion Fault Zone Target (RR10 – 8, RR10 – 11, RR10 – 16). Ongoing success through 2012;
February 22nd 2012, drill hole 11-16 intersects high-grade within NBFZ. ~56.4m @ 4.26 g/t Au confirming the North Carlin comparatives
April 26th 2012, drill hole 12-1, 120m step out of 11-16, 164m @ 3.38 g/t Au
September 18th 2012, drill hole 12-10, 80m step out of 12-1, 124m @ 4.05 g/t Au
Additional surface resource (historic, noncompliant), is contained within the POD deposit of 1,197,400 tons containing 107,776 ounces Au averaging 0.090 ounces per ton – almost 3 g/t. (See disclaimer below).
Excellent potential for additional Collapse Breccia hosted, Carlin styled gold deposits exists within both Railroad and Pinon projects – refer to January 2011, February and April 2012 drill releases and 43-101 technical report.
Historical and recent high-grade drill intercepts in the Bullion District Target solidify expectations of multiple gold targets within the Railroad District

Notes:

Refer to the Railroad Report below for details of our recent drill results and data verification and QA/QC procedures
See disclaimer at bottom of page

Drill Hole Locations

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Railroad Drill Map

Plan of Operations (POO) and Central Bullion Target Maps

Download PDF: Plan of Operations (POO) and Central Bullion Target Maps

Carlin Long Section

North Bullion Fault Zone Cross Sections

idealized-NB-x-section.

Pinon Acquisition

Geology Overview

Located at the southern end of the 100 million ounce Carlin Trend, Gold Standard Venture Corp.’s Railroad project is prime hunting ground for huge gold deposits. With intercepts of 164 meters of 3.38 g/t gold and 124 meters of 4.05 g/t gold at the North Bullion target, it is evident that Gold Standard has already drilled into a large Carlin Trend gold system. Further opportunity waits, as the ~ 26 square mile Railroad property remains largely unexplored with many undrilled targets showing evidence of Carlin-style gold.

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First and foremost, the Railroad project is in the right place with exclusive mineral rights to the fourth and southernmost dome-shaped window on the Carlin Trend. Domes along the Carlin Trend expose the carbonate rocks that host the gold deposits. They are bounded by north-, northeast- and northwest-striking faults that have existed since this area was located at the very active, western edge of the North American continent, hundreds of millions of years ago. Recent discoveries of large, deep gold deposits, e.g. Leeville, Turf and Northwest Rain, were made exploring along dome-bounding faults. This long-lived, framework of faults along the Carlin Trend tapped deep into the earth’s crust and was repeatedly intruded by magma from about 160 to 37 million years ago. It is the youngest magmato-thermal event about 37 million years ago that drove the gold-bearing, hot water solutions up the faults and along reactive limestone contacts to form the gold deposits at Railroad and along the Carlin Trend.

Focusing in on the North Bullion deposit specifically, gold there was deposited in two horizons; an upper zone starting at 105 meters below surface hosted in sheared mudstone, sandstone and limestone of the Mississippian Tripon Pass Formation and a lower zone beginning at 274 meters in sandstone, mudstone, limestone breccia along the contact between the Mississipian Chainman and Devil’s Gate Formations. Dissolution of limestone to form collapse breccias, flat faults and dacite sills provided the permeability contrasts that channeled the gold into the upper and lower zones. North Bullion has geochemical signature typical of other Carlin deposits with mercury, arsenic, antimony and thallium also deposited in and around gold pathways. These two gently to moderately east-dipping gold zones are located within the western edge and footwall of a large fault zone, the Bullion fault zone, which is similar to the Post fault zone and other major gold controlling faults on the Carlin Trend. Similarities include the presence of 37 Ma dikes, a long strike length of 6 miles and significant displacement of at least 2,000 feet, down to the east. In detail, the North Bullion deposit is located in a where a northeast-striking, northwest-dipping fault intersects the Bullion fault, forming a triangular shaped structural high or horst – a common setting for deposits along the Carlin Trend. Most of the six mile strike length of the Bullion fault zone is untested by drilling, and Gold Standard geologists are identifying numerous fault intersections for drill tests.

Although Carlin-style gold remains the main focus of Gold Standard’s exploration at Railroad, there is the potential for significant silver, copper, lead and zinc mineralization around a multi-phase and multi-age, intrusive complex called the Bullion Stock. It is within the area around the stock, known as the Bullion mining district, that mining during the 1860s pulled gold, silver, lead, zinc and copper ore from steeply dipping breccias developed at the intersection of faults. Late in 2012, Gold Standard targeted a west-northwest-striking, dike-filled corridor within the Central Bullion and intersected 18 meters of 3.06 oz/st silver and 0.80% copper, and 57 meters of 1.7 oz/st silver and 0.78% copper, including 13.4 meters of 6.42 oz/st silver and 2.48% copper. These intercepts represent a new discovery, the Sylvania deposit, and occur within skarn along a west-northwest-striking, dike-filled fault. Existing intercepts 1300 meters to the north at Bald Mtn., such as 23 meters of 0.480 g/t Au from 207 to 230 meters and 52 meters of 0.40% Cu from 267 to 319, support the presence of a strong polymetallic system marginal to the Bullion Stock. Many fault intersections with the Bullion stock remain undrilled, and Gold Standard has plans to begin to test these targets in 2013.

Gold Standard is conducting a systematic, Carlin model driven exploration program at Railroad that includes an integrated use of geologic mapping, geochemistry and geophysics (gravity and CSAMT). This multi-layered methodology was used by Gold Standard’s geologists to explore for and discover blind (not exposed at the surface) multi-million ounce deposits on the Carlin Trend, while working for Newmont during the 1990s. The exploration program is model driven, relying on an understanding of the three dimensional attributes of known deposits to vector towards the foci of the gold system at Railroad. This approach has already resulted in the discovery of the North Bullion and Sylvania deposits, and future discoveries are expected in the target rich environment at Railroad.

North Bullion Deposit Discovery

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Railroad Exploration Model

North Bullion Deposit

Download North Bullion Deposit Stratigraphic (PDF)

43-101 Technical Report

Gravity

Click here to view Railroad Gravity Report

Railroad CSAMT

Drilling

Railroad hosts the company’s new gold discovery at the North Bullion Fault Zone (“NBFZ”). Highlight intercepts from the North Bullion discovery include;

February 22nd 2012, drill hole 11-16 intersects high-grade within NBFZ. ~56.4m @ 4.26 g/t Au confirming the North Carlin comparatives
April 26th 2012, drill hole 12-1, 120m step out of 11-16, 164m @ 3.38 g/t Au
September 18th 2012, drill hole 12-10, 80m step out of 12-1, 124m @ 4.05 g/t Au

The company is aggressively following up on these discovery intercepts with the goal to build a 43-101 compliant gold resource. As many as 7 drill rigs have been utilized during the 2012 drill season in continuing to build the discovery area within North Bullion, as well as hunt additional depositions of gold.

The North Bullion discovery is hosted within the NBFZ, which is part of the greater Bullion Fault Corridor – approximately 10km (6 mi) of linear target area within the Railroad exploration window. The focus of the company is further delineation within the North Bullion discovery as well as continued exploration within the highly prospective NBFZ where, based on extensive geophysics and geochemistry, the company believes multiple undiscovered gold deposits still remain. In addition to the work being carried out within the NBFZ, the entire Bullion Fault Corridor is now being assessed for further localized target areas – as the expectations within NBFZ grow southwards along the corridor.

Drill Hold Assay Tables

Photo Gallery

Phase 2 Drilling at NBFZ:

Disclaimer

The Railroad Project is the subject of a NI 43-101 technical report dated May, 2012 (the “Railroad Report”) entitled “Technical Report on the Railroad Project, Elko County Nevada, USA” (see above). The Railroad Report does not contain an estimate for mineral resources or mineral reserves, but refers to certain historical estimates for gold on a portion of the Railroad Project known as the POD area. Drilling by Nicor Mineral Ventures Inc., Westmont Mining Inc. and Kinross Gold U.S.A. Inc., led to historical estimates (the “Historical Estimates”) of “drill indicated reserves” for the POD area of 1,197,400 tons containing 107,766 ounces gold at an average grade of 0.090 (cut off grade at 0.030) ounces per ton (Kuhl, 1985) and “geologic resource calculation” of 1,006,665 tons containing 89,731 ounces gold at an average grade of 0.089 (cut off grade at 0.030) ounces per ton (Bartels, 1999). These descriptions are similar to that defined as “inferred mineral resource” by the Canadian Institute of Mining, Metallurgy and Petroleum (2010). However, the Company does not treat the Historical Estimates as current mineral resources or reserves as defined by NI 43-101 as such estimates have not had sufficient work completed by the author of the Railroad Report or any other “qualified person” to allow for such classification as current mineral resources or mineral reserves under NI 43-101 and therefore should not be relied upon. The lack of pulps, rejects, cuttings or core currently available for sampling and verification makes the data utilized in formulating the Historical Estimates limited in their reliability. In addition, no gold has been produced from the Historical Estimates. For these reasons, among others, the Historical Estimates should not be relied upon as a guarantee of mineral resources or reserves. Actual resources or reserves, if any, may differ significantly.