Vancouver, BC, July 28, 2010 – Gold Standard Ventures Corp. (“Gold Standard”)(TSX-V:GV, PINK: GDVXF) is pleased to provide an update on its exploration program at its wholly-owned Railroad Project located within the southern portion of the renowned Carlin Gold Trend, in North-Central Nevada.
The Railroad project includes – and is centered around – the historic base and precious metal Bullion Mining District. The Railroad Project land position is comprised of 9,064 acres consisting of 480 unpatented claims, 25 patented claims, and two leased sections.
As recently announced July 14, 2010, Gold Standard Ventures Corp. completed its acquisition on July 13, 2010, by way of statutory plan of arrangement, of 100 per cent of the issued and outstanding securities of JKR Gold Resources Inc. in exchange for like securities of Gold Standard on a 1:1 basis as more particularly described in the joint information circular of Gold Standard and JKR dated May 28, 2010, a copy of which is available for review on SEDAR.
The Gold Standard exploration team, based in Elko Nevada, has compiled and assessed the very large Railroad rocks and soils geochemistry, and previously drilled holes database. A detailed gravity survey was conducted over the entire property last fall, and detailed geological mapping is currently in progress. Several, high-quality drill targets have been identified in the northern portion of the property. Fifteen individual drill sites have been permitted, bonded, and constructed. Core and reverse circulation drilling, totaling approximately 7500meters, will be utilized to provide an initial assessment of these drill targets. Drilling is expected to commence the week of July 27.
VP of Exploration Dave Mathewson says, “We are extremely pleased with our progress of identifying several new gold targets within this target-rich, gold deposit setting at Railroad. Our exploration efforts are ongoing and we expect many more targets will be identified and drilled. We are in the early stages of exploring this well-located, district- scale, gold deposit opportunity.
The Company’s Vice President of Exploration, David C. Mathewson, M.Sc., a non-independent Qualified Person, as defined by NI 43-101, for purpose of Disclosure for Mineral Properties has verified the information and evaluated interpretations contained in this news release.
ABOUT GOLD STANDARD VENTURES – Gold Standard Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 20,000 acres of prospective ground within North Central Nevada of which 9,064 acres comprise the flagship Railroad Gold Project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Email: [email protected]