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.
3
* 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
4
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
7
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
8
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
9
* 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"
10
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
13
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
14
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
15
Taking active steps to embed ESG - Progress at a glance
16
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
19
* 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
21
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".
25
Operational Synergies of the Lewis Project
26
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.
27
[email protected] 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
Slide Number 9
Slide Number 10
Slide Number 11
Slide Number 12
Slide Number 13
Slide Number 14
Slide Number 15
Slide Number 16
Capitalizing on Market Downturns
Non GAAP Financial Measures