PowerPoint PresentationNYSE AMERICAN: GSV | TSX: GSVNYSE AMERICAN: GSV | TSX: GSV SOUTH RAILROAD PROJECT GOLD RESERVES
Developing Nevada’s Next Open-Pit, Oxide, Heap Leach Gold Project!
TERMS OF USE AND DISCLAIMER – This presentation is being provided for the sole purpose of providing the recipients with background information about Gold Standard Ventures Corp. (“Gold Standard”). Gold Standard has made reasonable efforts to ensure that the information contained in this presentation is accurate as of the date hereof, however, there may be inadvertent or unintentional errors. No representation, warranty or guarantee, express or implied, is made as to the fairness, accuracy, completeness or correctness of information contained in this presentation, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, results or statements in relation to future matters contained in this presentation. The views and information provided herein are based on a number of estimates and assumptions that are subject to significant exploration, business, economic, regulatory and competitive uncertainties. See “Forward Looking Statements” below. Gold Standard is not liable to any recipient or third party for the use of or reliance on the information contained in this presentation.
This presentation provides information in summary form only, is not intended to be complete and does not constitute an offer to sell or the solicitation of an offer to buy any security. It is not intended to be relied upon as advice to investors or potential investors and does not constitute a personal recommendation or take into account the investment objectives, financial situation or needs of any particular investor. Gold Standard is not acting as agent or advisor and encourages the use of independent consultants, as necessary, prior to entering into transactions.
FORWARD LOOKING STATEMENTS – Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements" within the meaning of Canadian and United States securities and other laws. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “aims”, “anticipates”, “will”, “projects”, or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events, results or conditions “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward looking statements in this presentation include, among other things, statements regarding estimates of mineral reserves and resources; the opportunities for exploration, development and expansion of the Railroad-Pinion Project, including the future organic growth of many favourable targets; advancing South Railroad toward a feasibility study by 2021 and filing a Plan of Operations in late 2020; estimates of capital expenditures and operating costs related to South Railroad; future financial or operational performance, including the amount of future production at South Railroad and target share price; life of mine projections for South Railroad; the potential for production decisions; planned drilling and the potential for new discoveries within the Railroad-Pinion Project, including the potential for a multimillion-ounce deposit discovery; planned metallurgical, hydrology and geotechnical studies on the Pinion deposit, including the proposed program for 2020; the potential to increase oxide reserves and resources at the Pinion and Dark Star deposits, including the potential to convert Inferred mineral resources to Measured and Indicated; the potential to add additional mine life to the operations proposed in the 2020 preliminary feasibility study for the Pinion and Dark Star deposits; the Dark Star deposit development targets, including the potential high-grade targets at North Dark Star; the potential to define mineral reserves and resources at Jasperoid Wash and Pod/Sweet Hollow, including opportunities to expand oxide resource potential at the Pod/Sweet Hollow deposit; the proposed drill programs at Jasperoid Wash and Pod/Sweet Hollow; the oxide mineral resource mine development plan; and the expected exploration potential, value and operational synergies related to the Lewis Project.
These forward-looking statements and information reflect Gold Standard’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Gold Standard, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the expected results of proposed exploration programs; our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the PFS; success of Gold Standard’s projects, including the Railroad-Pinion Project; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Gold Standard's projects; capital, decommissioning and reclamation estimates, including the availability of financing to complete proposed drilling and work programs; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; potential director conflicts of interest not adversely affecting Gold Standard; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; all necessary drilling and mining equipment, energy and supplies being obtained in a timely and cost-efficient manner; Gold Standard’s capital and operating costs will not increase significantly from current levels; key personnel will continue their employment with Gold Standard and Gold Standard’s ability to recruit and retain additional qualified personnel; the ability to comply with environmental, health and safety laws; and the absence of any material adverse effects arising as a result of political instability, terrorism, sabotage, natural disasters, public health concerns, equipment failures or adverse changes in government legislation or the socio-economic conditions in Nevada and the surrounding area with respect to the Railroad-Pinion Project and operations. The foregoing list of assumptions is not exhaustive.
Gold Standard cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this presentation and Gold Standard has made assumptions and estimates based on or related to many of these factors. Such risk factors include, without limitation: Gold Standard’s limited operating history; Gold Standard’s history of losses and expectation of future losses; uncertainty as to Gold Standard’s ability to continue as a going concern; the existence of mineral resources and mineral reserves on the Company’s mineral properties; Gold Standard’s ability to obtain adequate financing for exploration and development; Gold Standard’s ability to carry out operations in accordance with plans in the face of significant disruptions, including the COVID-19 pandemic; Gold Standard’s ability to convert mineral resource estimates previously classified as Inferred to Indicated or Measured; the uncertain nature of estimating mineral resources and mineral reserves; the involvement by some of Gold Standard’s directors and officers with other natural resource companies; uncertainty surrounding the Company’s ability to successfully develop its mineral properties; fluctuations in silver and gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the United States, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters; risks related to natural disasters, climate change, terrorism, civil unrest, public health concerns (including health epidemics or pandemics or outbreaks of communicable diseases such as COVID-19) and other geopolitical uncertainties; decreased spending as a result of the COVID-19 pandemic which could adversely affect and harm Gold Standard’s business and results of operations; and the additional risks identified in the sections “Cautionary Statement Regarding Forward Looking Statements and Forward Looking Information”, “Risk Factors” and elsewhere in Gold Standard's Annual Information Form dated March 27, 2020, available on SEDAR at www.sedar.com and Form 40-F dated March 27, 2020 available on EDGAR at www.sec.gov/edgar.shtml.
Although Gold Standard has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, Gold Standard 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 -Canadian public disclosure standards, including National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), differ significantly from the requirements of the Securities and Exchange Commission set forth in Industry Guide 7 (“Industry Guide 7”), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies in accordance with Industry Guide 7. In particular, and without limiting the generality of the foregoing, this presentation uses the terms “proven mineral reserves,” “probable mineral reserves,” “measured mineral resources,” ‘‘indicated mineral resources’’ and ‘‘inferred mineral resources’’. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, Industry Guide 7 does not recognize them. The requirements of NI 43-101 for identification of ‘‘reserves’’ are not the same as those of Industry Guide 7, and reserves reported by the Gold Standard in compliance with NI 43-101 may not qualify as ‘‘reserves’’ under Industry Guide 7. Under Industry Guide 7, mineralization may not be classified as a ‘‘reserve’’ unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part of a “measured mineral resource” or “indicated mineral resource” will ever be converted into a “reserve”. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of “inferred mineral resources” exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of “contained ounces” in a mineral resource is permitted disclosure under Canadian securities laws. However, Industry Guide 7 normally only permits issuers to report mineralization that does not constitute “reserves” by Industry Guide 7 standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with Industry Guide 7.
All scientific and technical information contained within this presentation has been prepared by, or under the supervision of, Steve R. Koehler, Gold Standard’s manager of projects, BSc Geology, and CPG-10216, a qualified person as defined by NI43-101 standards for Disclosure for Mineral Projects.
Information in this presentation contains descriptions of our mineral deposits that may not be comparable to similar information made public by US companies subject to the reporting and disclosure requirements under US federal securities laws and regulations. See “Cautionary Note Regarding Mineral Resource Estimates” in the AIF.
Forward Looking Statements
Why GSV?
The South Railroad Project has a robust PFS with impressive IRR and NPV at gold price significantly below SPOT
GSV controls a very large, underexplored and strategically located land package in the Carlin Trend, one of the most prolific gold belts in North America, and in a favorable geopolitical area with ample room for future organic growth
Net cash of $28 CND to fund activities
PFS Pre-Tax NPV of US$331.4M / Post-Tax NPV of US$265.0M (5% discount @$1400 Au) *
Analyst suggest a target share price range of US$1.13 to US$1.88
Advancing the feasibility and permitting processes, setting up the company for next stage, potential production decision.
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* Scientific and technical disclosure for the Railroad-Pinion Project is supported by the technical report with an effective date of February 13, 2020, entitled “South Railroad Project NI 43-101 Technical Report, Updated Preliminary Feasibility Study, Carlin Trend, Nevada, USA”, prepared by M3 Engineering & Technology Corporation
Upcoming Key Catalysts / Milestones
• Complete infill drilling at Pinion to potentially convert Inferred to M&I for the opportunity to be include in the reserves for the Feasibility Study (FS) potentially improving the project economics
• Finish securing water rights, road access and complete necessary geotechnical studies for the FS
• File Plan Of Operations (POO), targeted for November 2020, beginning the EIS process
• Infill, step-out, geotechnical and metallurgical drilling on the POD advanced resource target, potentially moving it forward as a future satellite deposits for extension of the project mine life
• Complete the current exploration program identifying additional high- quality targets – LT, Dark Star, Ranch and Central Bullion
• Complete Feasibility Study, targeted for June 2021
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The Railroad-Pinion project is located in Nevada on the Carlin Trend, a favorable mineral trend that hosts numerous multimillion-ounce gold deposits
Railroad-Pinion is an unparalleled 208 km2 land package with many favorable targets that are considered excellent for future organic growth
The GSV technical team has close to 300 years of cumulative work experience, much of it on the Carlin Trend
GSV is advancing the South Railroad Project which returned a very positive 2020 PFS and contains one of the largest unmined oxide deposits on the Carlin Trend
GSV is advancing its project toward a 2021 Feasibility Study and filing a Plan of Operations in 2020 to further de-risk a potential production decision
There is significant exploration potential on our properties
The Opportunity
Optimized PFS for the South Railroad Project published February 2020
Upside and growth potential at Pinion by converting Inferred resources to Measured and Indicated
Ongoing geotechnical, hydrology and engineering studies to further de-risk the project and complete a feasibility study targeted for delivery in June 2021
Submission of POO in November 2020
Exploration
Focus is on adding immediate value to the South Railroad Project
New oxide discovery at the LT target (LT19-02: 12.2m of 1.58 g Au/t)
Completed initial resource estimate at the Jasperoid Wash deposit
Initiating review of advanced exploration opportunities to expand oxide potential at the Pod/Sweet Hollow deposit
Conducted initial resource estimate at the Virgin deposit on the Lewis Project
ESG and Safety
3,000 consecutive days worked in Nevada without a Lost Time Accident – milestone achieved Q2 2020
Embedding ESG within our business culture
Multiple CSR initiatives within Elko County, NV
Inaugural ESG published in 2020
Company Highlights
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Life of Mine Capital Expenditures $285.6M
Life of Mine Pre-Tax Cash Flow $439.7M
Life of Mine Pre-Tax NPV(5%) $331.4M
Life of Mine Pre-Tax IRR 46.1%
Life of Mine After Tax Cash Flow $357.6M
Life of Mine After Tax NPV (5%) $265.0M
Life of Mine After Tax IRR 40.0%
Cash Costs After By-Product Credit* $582/oz
AISC* $707/oz
Payback 3.3 years
The PFS was conducted using assumed metal prices of $1,400/oz gold and $17.11/oz silver. The mineral reserve estimate that provides the basis for the PFS was conducted at assumed metal prices of $1,250/oz gold and $15.30/oz silver. Scientific and technical disclosure for the Railroad-Pinion Project is supported by the technical report with an effective date of February 13, 2020, entitled “South Railroad Project NI 43-101 Technical Report, Updated Preliminary Feasibility Study, Carlin Trend, Nevada, USA”, prepared by M3 Engineering & Technology Corporation
* See “Non-GAAP Financial Measures” in the Appendix of this Presentation.
Base +400
Base +$300
Base +$200
Base +$100
Base - $200
Base - $300
Base - $400
Gold Price $1800 $1700 $1600 $1500 $1400 $1300 $1200 $1100 $1000 Silver Price $22.00 $20.78 $19.56 $18.33 $17.11 $15.89 $14.67 $13.45 $12.23 Pre-Tax Cash Flow $806.2M $714.6M $623.0M $531.3M $439.7M $348.1M $256.5M $164.9M $73.3M Pre-Tax NPV (5%) $631.0M $556.1M $481.2M $406.3M $331.4M $256.5M $181.6M $106.8M $31.9M Pre-Tax IRR (%) 75.7% 68.5% 61.3% 53.8% 46.1% 38.1% 29.6% 20.8% 10.0%
After Tax Cash Flow $652.7M $580.2M $506.3M $432.1M $357.6M $282.9 $207.6 $131.6M $54.2M After Tax NPV (5%) $506.2M $446.9M $386.5M $325.9M $265.0M $204.0M $142.4M $80.1M $16.7M After Tax IRR (%) 65.5% 59.6% 53.3% 46.8% 40.0% 33.0% 25.4% 17.2% 7.7%
Sensitivity to Gold Price
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Other Targets
LT Ranch (north of Dark Star) Bald Mtn Ski Track Dixie Hidden Star
South Railroad Development Highlights
Optimized and updated PFS completed February 2020
Proven mineral reserves: 265,527 oz Au & 190,427 oz Ag*;Probable mineral reserves: 981,280 oz Au & 2,508,302 oz Ag*
Pre-tax IRR 46.1% and NPV US$331.4M (5%); After-tax IRR 40.0% and NPV US$ 357.6M (5%); ASIC** of US$707 at US$1,400 Au & US$17.11 Ag*
Feasibility study in progress; Plan of Operation submission to BLM targeted in November 2020
Dark Star Deposit
Open near-surface oxide mineralization to the north, east and south
20 RC holes (2,200 meters) and 9 sonic holes (750 meters)
Outcrop mapping and sampling to define new targets along strike of the Outcrop and Sirius faults
Pinion Deposit
Near-surface oxide mineralization open to the south
Potential resource upgrade in 2020 by moving Inferred to Measured and Indicated
Infill drilling 75 RC and core holes (16,080 meters)
Additional metallurgical, hydrology and geotechnical studies planned
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* Scientific and technical disclosure for the Railroad-Pinion Project is supported by the technical report with an effective date of February 13, 2020, entitled “South Railroad Project NI 43-101 Technical Report, Updated Preliminary Feasibility Study, Carlin Trend, Nevada, USA”, prepared by M3 Engineering & Technology Corporation
**See “non-GAAP Financial Measures” in Appendix of this Presentation
Oxide Resource Mine Development Plan (potential)*
Pinion Resource (current ~400Koz resource) o US$1400 Resource/step-out to south o Initial phase of drilling to establish baseline resource potential, hydrology, and geochemistry o Advance the resource towards reserve
Dark Star Additions (current ~50-100Koz resource) o Qc gravels east of Dark Star o Southern extension o North (7.2 g Au/t at surface, expansion to north and west) o Advance the resource towards reserve
Pod/Sweet Hollow Oxides (current 135Koz resource) o Test for oxide resource expansion opportunities o Initial metallurgical drilling and test programs to confirm oxide classification (60.6m @ 3.78 g Au/t;
51.7m @ 3.37 g Au/t; 56.2m @ 3.4 g Au/t; and 48.6m @2.35 g Au/t) o Advance the resource towards reserve
Jasperoid Wash (~150-300Koz) o Future program after completion of FS o Expand shallow oxide mineralization to the east and north o Test soil anomalies to the south o Follow structurally controlled mineralization to the west
*The potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource"
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Oxide Resource/Reserve Growth - Pinion
Resource step-out defined by US$1400 gold price. Potential resource upgrade of oxide Au and Ag
Currently defined by historic and wide spaced drilling
Requirement to bring into reserve
o Infill Drilling (75 holes, 16,080 meters) o Metallurgical Testing o Hydrology Program o Geotechnical Testing o Mine Plan
Development program for 2020
o Drill 75 infill holes (complete) o FS level metallurgical testing o Establishment of hydrology parameters
and baseline information. o Detailed mapping/sample to better
define controls on mineralization
SB-162-99 / 112.0m @ 1.24 gpt Au SB-039 / 8.23m @ 2.65 gpt Au
Summary Of Development Targets – Dark Star
Offset the alteration found in the Ranch Hole (2 holes, 1,219 meters)
Extend and define the limits of surface mineralization at East Dark Star
West Dark Star stepout drilling (2 holes, 750 meters)
Development drill plan for 2020
o 9 of 20 RC holes, 1,429 meters completed
o 9 Sonic holes, 750 meters
Outcrop mapping and sampling testing extensions along Outcrop, Sirius and West Faults
N
Historic and wide spaced drilling, hosted primarily in Chainman Sandstone. Historic drilling highlights:
o Pod: 60.6m @ 3.78 g Au/t, 51.7m @ 3.37 g Au/t, 13.7m @ 1.38 g Au/t, 56.2m @ 3.35 g Au/t & 48.6m @ 2.35 g Au/t
o Sweet Hollow: 62.48m @ 1.17 g Au/t & 71.4m @ 0.79 g Au/t
Mine planning requires …
o Infill Drilling o Metallurgical Testing o Hydrology Program o Geotechnical Testing o Mine Plan
Proposed program
o Initial 7 drill holes for 1,763 meters o Additional 35 holes for 1,915 meters o Initial metallurgical testing o Establish hydrology parameters. o Explore growth potential of resource
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Tqfp dike
2019 drill hole LT19-02 intersected 12.2 m @ 1.58 g Au/t, near-surface oxide
Proposed drill program
Goals
o Expand shallow oxide mineralized zone encountered in LT19-02 along N-S fault/QFP dike
o Wide-spaced step-outs to south to test for extensions to mineralization on N-S fault, fault intersections
Mc
Mw
Mtp
Ddg
Dox
Dsm
Dbp
LT19-02
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Dark Star Corridor • South Dark Star (8 holes, 1,992 meters) • Ranch Target (2 holes, 1,219 meters)
POD • Test for additional oxide at Pod / Sweet
Hollow (7 holes, 1,763 meters) • Initial development drilling and
Metallurgical core and RC samples (35 holes, 1,915 meters)
Central District • Drill near surface oxide targets with high
grades • Polymetallic (Au, Ag, Cu, Pb, Zn) potential of
historic underground mines assessment
Jasperoid Wash (pending approval) • Drilling to expand oxide resource (16 holes,
3,414 meters) • Develop targets to south (rock and soil
anomalies) • Targeting of near surface oxide along
structures to improve resource economics
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Taking active steps to embed ESG - Progress at a glance
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Andrew Mikitchook BMO Capital Markets
Bhakti Pavani Alliance Global Partners
Chris Thompson PI Financial Corp.
Michael Gray Agentis Capital
Gold Standard Ventures Corp Listing NYSE American & TSX Symbol GSV
52 week lo-hi (TSX)* C$ 0.46– 1.50 52 week lo-hi (NYSE American)* US$ 0.27 – 1.14
Combined 3 month avg. trading daily volume*
~1.5M
Options 11.0 million
T GSV
Major Shareholders* Institutional ownership 38% Fidelity CI Van Eck Associates Sprott Franklin BMO Sun Valley
Retail 32% FCMI 11% Orion Mine Finance 9% Newmont 6% Insider and associates 4%
Insiders
20,814,591
16901447.89
20814591
16901447.89
0.00%
7.32%
0.00%
1.854882461
31-Mar-20
13F
growth
very_low
4,860,500
3946726
5127000
4163124
-5.20%
1.71%
0.20%
-0.636894608
31-May-20
1,000,000
812000
1000000
812000
0.00%
0.35%
0.08%
-0.178972387
31-Mar-20
13F
growth
low
1079415938
428,190
347690.28
428190
347690.28
0.00%
0.15%
1.03%
2.796450344
31-May-20
159,010
129116.12
159928
129861.536
-0.57%
0.06%
0.02%
-0.613016967
31-Mar-20
150,000
121800
0.05%
0.00%
0.301680451
31-Mar-20
13F
value
low
6269000000
Toronto
Canada
106,311
86324.532
0
0
0.04%
0.00%
-0.932945395
31-Mar-20
13F
growth
medium
15,531
12611.172
0
0
0.01%
0.00%
-0.990943594
31-Mar-20
13F
growth
high
82122000000
14,268
11585.616
13556
11007.472
5.25%
0.01%
0.00%
-0.962808006
30-Jun-20
13F
growth
very_low
12386944720
Dallas
10,000
8120
10000
8120
0.00%
0.00%
0.00%
-0.97154109
30-Jun-20
13F
low
907000000
Orlando
5,212
4232.144
0
0
0.00%
0.00%
-0.963247739
31-Mar-20
13F
value
very_low
44296626754
Saskatoon
Canada
4,415
3584.98
4415
3584.98
0.00%
0.00%
0.00%
-0.962207176
31-Jul-20
3,500
2842
3500
2842
0.00%
0.00%
0.00%
-0.991995345
31-Mar-20
13F
growth
low
378
306.936
378
306.936
0.00%
0.00%
0.00%
-0.999817995
31-Mar-20
13F
growth
very_low
-
Jonathan Awde Director – President & CEO / Co-Founder
William E. Threlkeld, MSc Econ. Geol. Director
Ron Clayton Director
Jamie Strauss Director
Alex Morrison Director
Zara Boldt Director
Glenn Kumoi VP General Counsel & Corporate Secretary
Bill Gehlen, MSc Geology Manager of Corporate Development, CPG
The Technical Team - Proven Ore Finders and Developers in Nevada
Don Harris, MSc Geology General Manager, QP 43-101
Mark Laffoon, BSc Mining Engineering Project Director, QP 43-101
Steven Koehler, BSc Geology Manager of Projects, Senior Geologist, QP 43-101
Craig Mach, PhD Economic Geology Senior Geologist, CPG 12013
Jerry Ankomah, Geological Engineering Degree Senior Geologist
Zach Grimac, BSc Geology Staff Geologist
Glenn King, BSc Geology Environmental Manger
Jesse Heavin Drilling Services Manager
James Wright, MSc Geophysics Senior Geophysical Consultant
Gary Simmons, BSc Metallurgical Engineering Senior Metallurgical Consultant
Dark Star Deposit
North Dark Star
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* Partial and controlling interests are both represented
Jasperoid Wash
Ore Controls
Debris flow conglomerate Defined by geologic mapping,
surface channel samples and 3D Micromine model
Targets and Opportunities
> 18m of 3.08 g Au/t in drill cut; open surface oxide mineralization to be defined with shallow RC drilling
2019 surface oxide mineralization to be included in next resource update
Drill footwall of Outcrop fault near the West fault
Drill WNW-striking faults intersecting the West fault
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Other Development Targets – Dark Star
Test for extensions of Dark Star to west along major structural break in 2D seismic
Test for extensions of North Dark Star associated with Outcrop Fault
Test for extensions of Dark Star to south along Sirius Fault associated with rock chips
Propose drill program: 8 Holes, 1,992 meters
Dark Star Main
Offset positive near surface oxide intercepts from 2019 drilling (JW10-10 contained 44.2 m @ 0.26 gpt Au)
Proposed drill program
Goals
o Expand shallow oxide resource to the east and north
o Test for extensions of structurally- controlled mineralization to the west
o Evaluate soil targets to south and east of Jasperoid
JW19-10
Lewis Project has significant strategic value (21.6 km2
on the Battle Mtn. – Eureka mineral trend, adjacent to Nevada Gold Mines active Phoenix Project) but GSV does not receive any value for the project in the market
An Inferred mineral resource estimate for the Virgin Deposit was prepared in accordance with NI 43-101*
o 7.74 million tonnes o 205,827 ounces of Au @ 0.83 g Au/t o 3,537,268 ounces of Ag @ 14.22 g Ag/t o Shallow Au and Ag mineralization is open to east and
west with extensions to the north and at depth and the south end of the resource continues into the Phoenix open pit
Property contains other high value exploration targets:
o SW Skarn target (Hole FWL-30 intersected 17 meters @ 5.7 g Au/t open in several directions)
o Buena Vista – Meagher fault corridor N of Phoenix pit (Hole BVD-9A intercepted 27.4 meters of 2.20 g Au/t
Lewis Project
2017 Amended Plan of Operations Boundary
* Scientific and technical disclosure for the Lewis Project is supported by the technical report with an effective date of May 1, 2020, entitled "Technical Report and Mineral Resource Estimate for the Lewis Project, Ladner County, Nevada, USA".
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Operational Synergies of the Lewis Project
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Non-GAAP Financial Measures
The Company has included certain non-GAAP financial measures in this presentation, including cash costs and all-in sustaining costs (AISC) per ounce of gold sold. These non-GAAP financial measures do not have any standardised meaning. Accordingly, these financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with International Financial Reporting Standards (“IFRS”).
Cash Costs
Cash costs are reflective of the cost of production. The Company reports cash costs on an ounces of gold sold basis. Other companies may calculate these measures differently and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Cash costs reported by Gold Standard includes mining, processing, transport, refining, general administration costs of the mine operations and royalties, but are exclusive of amortization, reclamation, capital and exploration costs and net of any value of the by-products.
All-in Sustaining Costs
This presentation refers to expected AISC per ounce which is a non-GAAP measure however is a measure the Company believes more fully-defines the total costs associated with producing gold. This measurement has no standardized meaning under IFRS, accordingly there may be some variation in method of computation of “all-in sustaining costs” as determined by the Company compared with other mining companies. AISC reported by Gold Standard includes mine cash costs, land access payments, royalties, and sustaining capital expenditures, but excludes non-sustaining capitalized stripping and end of life reclamation costs. The life of mine AISC of $707/oz USD increases to $719/oz USD if end of mine life reclamation costs are included in accordance with the World Gold Council guidance on AISC.
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info@goldstandardv.com www.goldstandardv.com
Suite 610 - 815 West Hastings Street Vancouver, BC. Canada V6C 1B4 T:604-669-5702 F:604-687-3567
NYSE AMERICAN: GSV | TSX: GSV
Target Rich - 208 km2 - Land Package
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Capitalizing on Market Downturns
Non GAAP Financial Measures