Gold Standard Ventures Plan of Operations Ruled Complete by Bureau of Land Management
February 01 2021 - 7:30AM
Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) (“Gold
Standard” or the “Company”) announced today its recently submitted
Plan of Operations, outlining the Company’s plans to build and
operate the South Railroad Project (“SRP”), has been ruled complete
by the Bureau of Land Management Nevada (“BLM”). This ruling is an
important step in the SRP permitting process.
Having the Plan of Operations ruled complete by
the BLM allows the Company to commence the Environmental Impact
Statement (“EIS”) process pursuant to the National Environmental
Policy Act. Under current guidelines and taking into account the
assumptions set out in the Plan of Operations, the EIS process is
estimated to take between 12 to 18 months to complete.
“This is a key milestone for Gold Standard and a
positive outcome of the efforts by our team in Nevada in
conjunction with the BLM,” said Jason Attew, President and CEO.
“With our Plan of Operations deemed complete, we begin the EIS
process and move another step closer to achieving our goal of
becoming the low-cost junior producer of choice in Nevada.”
The BLM is the lead agency for actions on public
land and oversees development of the EIS with significant input
from supporting Federal, State, and local agencies.
About Gold Standard
Gold Standard is developing the South Railroad
Project, an open pit, heap leach gold project located in Elko
County, Nevada. The project is part of a +21,000 hectare land
package on the Carlin Trend, and is 100% owned by Gold Standard.
The goal of the Company is to become the low-cost junior producer
of choice in Nevada, one of the premier mining jurisdictions in the
world.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains forward-looking
statements, which relate to future events or future performance.
All statements, other than statements of historical fact, included
herein including, without limitation, statements about the
potential development and operation of the SRP, the commencement
and duration of the EIS process, and becoming a low-cost gold
producer are forward looking statements. Such forward-looking
statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the
Company, including that the Company will be successful in the
development and operation of the SRP as a producing mine and that
the Company will commence and complete the EIS process on the
timelines currently expected. 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. These risks
uncertainties and other factors include, among others: that the
Company may not be successful in developing and/or operating the
SRP; that the SRP may never be placed into production; that the
Company may not successfully commence or complete the EIS process
on the timelines expected, or at all; 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.
For further information
contact:Michael McDonaldVice President, Corporate
Development & Investor RelationsPhone: 1-604-687-2766E-Mail:
info@goldstandardv.com
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