Vancouver, British Columbia, March 15, 2022 (GLOBE NEWSWIRE) — Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold Standard” or “Company”) announces that we have submitted it. To do. A technical report prepared according to National Instrument 43-101 for the South Railroad Project in Elko, Nevada. The Gold Standard previously announced the results of its feasibility study (see news release dated February 23, 2022). It represents a robust project with low capital intensity, rapid return on investment and peer-leading returns. The main highlights included in the technical report are listed below. Technical reports are available on the SEDAR Company Profile (www.sedar.com) and the Gold Standard website (www.goldstandardv.com).
Highlights of the Feasibility Study of the South Railroad Project
(All numbers are displayed in US dollars unless otherwise stated)
- The feasibility study represents an optimized open pit mining and mine mountain leaching development plan.
- Current cost An initial cost of capital of $ 190 million that reflects the environment and the scope and scale of the project.
- 62% after-tax IRR and NPVFive Spot gold price is $ 487 million. (1).
- 44% after-tax IRR and NPVFive $ 1,650 per ounce of gold for $ 315 million (“base case gold price”).
- Investment recovery of 1.6 years at the spot gold price and 1.9 years at the base case gold price.
- Mineral reserves increased by 29% to 1.6 million gold ounces.
- 10.5 years of operating life with total gold production exceeding 1 million ounces.
- Average annual gold production over the first four years is 152,000 ounces.
(1) spot GYear PAs of February 18, 2022, $ 1,899.20 rice per ounce.
Michael S. Lindholm, CPG of MDA (a division of RESPEC), will be responsible for preparing mineral resource estimates for the February 2022 South Railway project, including geological technical information and QA / QC reviews for drilling. It is a qualified person (“QP”). Sampling data. The QPs responsible for mineral reserve preparation and mining planning are Jordan Anderson of RM-SME and Thomas L. Dyer of PE of MDA (a division of RESPEC). GL Simmons Consulting, LLC’s QP-MMSA, Gary L. Simmons is a QP responsible for mineral processing and metallurgical testing. Benjamin Bermudez, PE of M3, is the QP responsible for the design of the process plant. Matthew Sletten, PE of M3, is a QP responsible for infrastructure design, process plant capital and operating costs, and financial modeling. Kevin Lutes, PE of New Fields, is the QP responsible for designing heap reach pads. Richard DeLong, EM Strategies, Inc.’s QP-MMSA, is a QP responsible for environmental research, permits, social or community impacts. All of the above QPs are independent of the gold standard.
Matthew Sletten, M3’s project manager, and Fort Lowell Consulting PLLC’s ArtIbrado, PhD, and PE, working with M3, are the QPs responsible for the scientific and technical information in this news release as defined in NI 43-101.
About the gold standard
The Gold Standard is developing the South Railroad Project, an open pit heap reach gold project in Elko County, Nevada. This project is part of Carlin Trend’s +21,000 hectares of land package and is 100% owned or managed by the Gold Standard. Our goal is to be selected as a low cost junior producer in Nevada, one of the world’s leading mining jurisdictions.
Precautions regarding forward-looking statements
This news release contains forward-looking statements related to future events and future performance. All statements except historical facts include, but are not limited to, statements regarding the economics of the project, such as cost of capital, IRR, and SRP recovery.
Such forward-looking statements reflect the current beliefs of management and are subject to our compliance with the geology of the ore in the region for SRP mineral resources and reserves. Based on currently available assumptions and information. SRP feasibility study. Operations at SRP shall comply with the mining plans and schedules set in the SRP feasibility study. Our company successfully raises and builds SRP. The company has completed the required authorization process. In addition, operating and capital costs, as well as commodity prices, are in line with the costs and prices set in the SRP. By its nature, forward-looking statements include known and unknown risks, uncertainties, and other factors, expressed by actual results, performance, outcomes, or other future events. Or it may differ materially from the implied future results, performance, or outcomes. A statement about such a future outlook. These risks, uncertainties, and other factors include, among other things, the pits and areas of mineral resources and mineral reserves demonstrated by the SRP, which differ from those set in the SRP feasibility study. Includes that may not be successful. SRP funding and construction. SRP cannot be placed in a production environment. Global financial conditions and capital market volatility, uncertainty about the availability of additional capital, and fluctuations in commodity prices. The title is important. Additional risks identified in the filings with the Canadian Securities Regulators Authority for SEDAR in Canada (available at www.sedar.com) and the SEC for EDGAR (available at www.sec.gov/edgar.shtml). These forward-looking statements have been prepared as of the date of this document and we have updated or revised them to reflect new events and circumstances, except as required by applicable securities law. I shall not be obliged to do so.
Precautions for US investors regarding mineral reserves
National Instrument 43-101 – Minerals Project Disclosure Standards (“NI 43-101”) is a Canadian Securities Manager’s rule that establishes all standards for issuers to disclose scientific and technical information about mineral projects. The technical disclosures contained in this news release are made in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the US Securities and Exchange Commission (“SEC”), and the resource information contained in this press release is similar information disclosed by US domestic companies subject to the SEC’s reporting and disclosure requirements. It may not be possible to compare with.
All references to the “$” in this news release refer to the US dollar unless otherwise stated.
For more information, please contact:
Corporate Development & Investor Relations Vice President
Phone number: 1-604-687-2766
CBJ News Maker
Gold Standard Ventures File Feasibility Study Technical Report, South Railroad Project, Canadian Business Journal
Source link Gold Standard Ventures File Feasibility Study Technical Report, South Railroad Project, Canadian Business Journal