Gold Standard Ventures Significantly Expands Gold Envelope Along North Bullion Fault Zone on its Railroad Project, Carlin

Gold Standard Ventures Significantly Expands Gold Envelope Along North Bullion 
Fault Zone on its Railroad Project, Carlin Trend,
Nevada 
Drilling Establishes More Than 3000ft (Approx. 1000m) of Strike
Length of 1 to 3 gram Gold Halo Surrounding North Bullion High Grade
Gold Zone 
Phase 2 Definition Drilling Program Initiated, Designed to Cross-Cut
High Grade Feeder Zones 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/07/13 -- Gold
Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV)(NYSE
Amex:GSV) ("Gold Standard" or the "Company") (www.goldstandardv.com)
today released new results from Phase 1 drilling of the North Bullion
Fault Zone (NBFZ) deposit at its 100% controlled Railroad Project in
Nevada's Carlin Trend. The results extend the 1 to 3 gram envelope of
gold mineralization at NBFZ to the north and to the south by more
than 1500ft (approx. 500m), with holes RR12-27 (approx. 55ft of 0.057
oz Au/st (16.8m of 1.95 g/t Au)) and RR12-24 (132 feet of 0.039 oz
Au/st (40.2m of 1.34 g/t Au)) confirming continuation of
mineralization to the south. The envelope now appears to stretch from
hole RR11-9 in the north to hole RR12-24 in the south, a total of
more than 3000ft (approx. 1000m), and it remains open in multiple
directions. The high grade zone that lies within this envelope ranges
from 5 to 15 grams per tonne gold and has been traced to date for
about 900ft (300m) in contiguous drill holes RR11-16, RR12-1, and
RR12-10. (Please see drill hole location map at
http://goldstandardv.com/images/nbzf-drill-holes.jpg )  
In Phase 1, the drilling was carried out at approximate 300ft (100m)
spacings in a west-to-east orientation, which was determined to be
the most effective direction for successfully exploring the size and
continuity of the NBFZ deposit. Analysis and interpretation of the
Phase 1 drill results has led to the conclusion that a west-to-east
orientation has likely drilled sub-parallel to high grade feeder
zones, the known source of the mineralization in the larger
lower-grade envelope. Phase 2 definition drilling has now begun which
will be oriented from east to west, to cut across the anticipated
feeder zones at higher angles. The spacing of Phase 2 will be
tighter, at approximately 160ft (approx. 50m), and will focus
primarily on the high grade centre as indicated by Phase 1 drill
holes, with step-outs and offsets to follow the high grade zones as
warranted. Initially, this definition drilling program will consist
of approximately 10 to 12 holes, with potential for additional holes
based on results. 
Dave Mathewson, Gold Standard's Vice President of Exploration, states
that: "Phase 1 drilling has affirmatively answered the question as to
whether or not the NBFZ deposit has the size and continuity to
support a large, Carlin-style deposit. At this point, we understand
enough about the deposit's controls to begin the process of
definition drilling, initially in the central portion of the deposit.
We expect the change in drill orientation to cut additional high
grade feeder zones," he said. 
"Carlin-type gold deposits tend to occur within structural corridors.
We expect to see periodic recurrences of the NBFZ deposit along the
Bullion Fault Corridor, in a predictive fault-generated pattern
typical of Carlin systems. Surface geochemistry, gravity and CSAMT
geophysical data indicate that the Bullion Fault Corridor is highly
prospective for at least 5 miles (8 kilometers) to the south. We will
continue to pursue extensions of the NBFZ deposit and we will also
explore for additional NBFZ-style deposits along the Bullion Fault
Corridor to the north and south. Previously, we had not been able to
get to the southern extension of the corr
idor because of a
combination of unsecured mineral rights and permitting limitations
but these issues have now been resolved," Mathewson said.  
The Railroad Project Plan of Operations approved by the Bureau of
Land Management (BLM) December, 2012 allows up to 200 acres of
disturbance on the public lands in addition to the previously
permitted alternating private sections permitted through the Nevada
Department Of Environmental Protection. As a result the vast majority
of the Bullion Fault, sufficient for a major drill campaign along the
Bullion Fault Corridor, is fully permitted.  
Please see table below for detailed significant Intercepts for North
Bullion Fault Zone. 


 
----------------------------------------------------------------------------
                   Intercept Thickness   Grade   Intercept Thickness   Grade
RR12-13                 (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                     347-393        46   0.026 105.8-119.8        14   0.892
----------------------------------------------------------------------------
                    909-1083       174    0.02 277.1-330.2      53.1   0.686
----------------------------------------------------------------------------
                   1193-1263        70    0.02 363.7-385.0      21.3   0.686
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                   Intercept Thickness   Grade   Intercept Thickness   Grade
RR12-15                 (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                     212-306        94   0.012   64.6-93.3      28.7   0.412
----------------------------------------------------------------------------
                     441-517        76   0.016 107.0-157.6      23.2   0.549
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                   Intercept Thickness   Grade   Intercept Thickness   Grade
RR12-18                 (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                     804-824        20   0.011 245.1-251.2       6.1   0.377
----------------------------------------------------------------------------
                    903-1037       134   0.023 275.3-316.2      40.9   0.789
----------------------------------------------------------------------------
                   1568-1596        28   0.033 478.1-486.6       8.5   1.132
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                   Intercept Thickness   Grade   Intercept Thickness   Grade
RR12-19                 (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                     842-881        39   0.013 256.7-268.6      11.9   0.446
----------------------------------------------------------------------------
                   1161-1187        26   0.038 354.0-361.9       7.9   1.303
----------------------------------------------------------------------------
                   1742-1764        22   0.008 531.1-537.8       6.7   0.274
----------------------------------------------------------------------------
                   2027-2050        23    0.01 618.0-625.0         7   0.343
----------------------------------------------------------------------------
RR12-20 No Significant Gold Interval greater than 20 feet                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                   Intercept Thickness   Grade   Intercept Thickness   Grade
RR12-24                 (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                     293-312        19   0.022   89.3-95.1       5.8   0.274
----------------------------------------------------------------------------
                     867-898        31   0.017 264.3-273.8       9.5   0.583
----------------------------------------------------------------------------
                    923-1055       132   0.039 281.4-321.6      40.2    1.34
----------------------------------------------------------------------------
including          1005-1055        50   0.072 306.4-321.6      15.2    2.47
----------------------------------------------------------------------------
RR12-25 (Hole      Intercept Thickness   Grade   Intercept Thickness   Grade
 lost at 1406.5)        (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                 1,152-1,174        22   0.012 351.2-357.9       6.7   0.411
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                   Intercept Thickness   Grade   Intercept Thickness   Grade
RR12-27                 (ft)      (ft) (oz/st)         (m)       (m)   (g/t)
----------------------------------------------------------------------------
                     496-551        55   0.057 151.2-168.0      16.8   1.955
----------------------------------------------------------------------------
                     870-890        20   0.014 265.2-271.3       6.1    0.48
----------------------------------------------------------------------------
                   959-1,007        48   0.011 292.4-307.0      14.6   0.377
----------------------------------------------------------------------------
                 1,037-1,087        50   0.022 316.2-331.4      15.2   0.754
----------------------------------------------------------------------------
(i)note: the gold intervals reported in the above table are based on a 0.300
g Au/t (0.008 oz Au/st) cutoff. The reported gold intervals may, or may not 
represent true thicknesses and, or widths. In general, the gold distribution
within these large, complex tectonic and collapse breccia bodies tends to be
irregular and determinable by grade breaks only.                            

 
Sampling Methodology, Chain of Custody, Quality Control and Quality
Assurance:  
All sampling was conducted under the supervision of the Company's
project geologists and the chain of custody from the drill to the
sample preparation facility was continuously monitored. Core was cut
at the company's facility in Elko and one half was sent to the lab
for analysis and the other half retained in the original core box. A
blank, quarter core duplicate or certified reference material was
inserted approximately every tenth sample. The samples are delivered
to ALS Minerals preparation facility in Elko. The samples are crushed
and pulverized and sample pulps are shipped to ALS Minerals certified
laboratory in Vancouver. Pulps are digested and analyzed for gold
using fire assay fusion and an atomic absorption spectroscopy (AAS)
finish on a 30 gram split. All other elements are determined by ICP
analysis. Data verification of the analytical results includes a
statistical analysis of the duplicates, standards and blanks that
must pass certain parameters for acceptance to insure accurate and
verifiable results.  
The scientific and technical content and interpretations contained in
this news release have been revi
ewed, verified and approved by Steven
R. Koehler, Gold Standard's Manager of Projects, BSc. Geology and
CPG-10216, a Qualified Person as defined by NI 43-101, Standards of
Disclosure for Mineral Projects. 
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 40,000 acres of prospective ground within
North Central Nevada and the Walker Lane of which 18,130 acres
comprise the flagship Railroad Gold Project on the productive Carlin
Gold Trend.  
On behalf of the Board of Directors of Gold Standard,  
Jonathan Awde, President and Director  
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 current drill
plans 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. Such factors
include, among others, the following risks: operational risks
associated with mineral exploration; unanticipated geological
formations, 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). Furthermore,
the existence of gold deposits on nearby properties is not
necessarily indicative of the mineralization on our properties. 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. 
Neither the TSXV nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) nor the NYSE
MKT accepts responsibility for the adequacy or accuracy of this news
release. 
Contacts:
Gold Standard Ventures Corp.
Jonathan Awde
President
604-669-5702
info@goldstandardv.com
www.goldstandardv.com
 
 
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