Gold Standard Submits Plan of Operations to the Bureau of Land Management
November 06 2020 - 2:43PM
Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold
Standard” or the “Company”) today reported that it has submitted
its Plan of Operations (the “Plan”) to the Federal Bureau of Land
Management outlining the Company’s plans to build and operate the
proposed South Railroad open pit gold project, located in Elko
County, Nevada (the “South Railroad Project”). This submission is a
key step that initiates the project permitting process.
Once the Plan of Operations submission is ruled
complete by the Bureau of Land Management, which we expect to occur
in approximately 6 months, this will trigger preparation of an
Environmental Impact Statement (“EIS”) pursuant to the National
Environmental Policy Act (“NEPA”). The EIS process currently takes
approximately 12 months to complete once started.
Bureau of Land Management is the lead agency for
actions on public land and it oversees development of the EIS with
significant input from supporting Federal, State, and local
agencies. These other agencies can include entities such as: the
Nevada Bureau of Mining Regulation and Reclamation, the Nevada
Bureau of Air Pollution Control, the US Army Corps of Engineers,
U.S. Fish and Wildlife, tribal governments, and the Nevada Division
of Wildlife.
GSV’s General Manager Don Harris stated:
“Submitting the Plan of Operation kicks off the initial phase of
the permitting process for the mining of the South Railroad Project
and is a significant milestone for Gold Standard Ventures.”
In parallel and in support of the permitting
process GSV continues to advance its Feasibility Study, with an
anticipated completion in the second half of 2021.
ABOUT GOLD STANDARD VENTURES –
Gold Standard is an advanced-stage gold exploration company focused
on building value in a safe, responsible, sustainable, and ethical
manner by leveraging its strategic, cornerstone land package in
Nevada’s Carlin Trend. Gold Standard intends to advance
its South Railroad Project through permitting and a feasibility
study towards a potential production decision. Gold Standard
intends to augment this goal by advancing exploration that
contributes value to the South Railroad Project.
Neither the Toronto Stock Exchange nor its
regulation services provider nor the NYSE American LLC accepts
responsibility for the adequacy or accuracy of this news
release.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such
forward-looking statements reflect management’s current beliefs and
are based on assumptions made by and information currently
available to the Company. All statements, other than statements of
historical fact, included herein including, without limitation,
statements about our potential near-term development option,
commencement of the EIS process, and anticipated announcement date
of GSV’s feasibility study are forward looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Risk factors affecting the Company include, among
others: the results from our exploration programs, global financial
conditions and volatility of capital markets, uncertainty regarding
the availability of additional capital, fluctuations in commodity
prices; title matters; and the additional risks identified in our
filings with Canadian securities regulators on SEDAR in Canada
(available at www.sedar.com) and with the SEC on EDGAR (available
at www.sec.gov/edgar.shtml). These forward-looking statements are
made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation
to update or revise them to reflect new events or
circumstances.
CAUTIONARY NOTE FOR U.S. INVESTORS
REGARDING RESERVE AND RESOURCE ESTIMATES
All resource estimates reported by the Company
were calculated in accordance with the Canadian National Instrument
43-101 and the Canadian Institute of Mining and Metallurgy
Classification system. These standards differ significantly from
the requirements of the U.S. Securities and Exchange Commission for
descriptions of mineral properties in SEC Industry Guide 7 under
Regulation S-K of the U. S. Securities Act of 1933. In particular,
under U. S. standards, mineral resources may not be classified as a
“reserve” unless the determination has been made that
mineralization could be economically and legally produced or
extracted at the time the reserve determination is
made. Accordingly, information in this press release
containing descriptions of the Company’s mineral properties may not
be comparable to similar information made public by US public
reporting companies.
On behalf of the Board of Directors of Gold Standard,
“Jonathan Awde”
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:Jonathan
AwdePresidentTel:
604-669-5702Email: info@goldstandardv.com Website:
www.goldstandardv.com
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