Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) announces the Company’s audited consolidated financial results for the year ended December 31, 2021. For details of the audited consolidated financial statements, Management’s Discussion and Analysis, Annual Information Form, and Form 40-F for the year ended December 31, 2021, please see the Company’s filings on SEDAR and EDGAR.
Jason Attew, President and CEO, commented, “Gold Standard had a very productive year in 2021, culminating in the recent release of the South Railroad Project Feasibility Study last month. The study outlined peer leading returns for undeveloped gold projects, and we are excited to continue de-risking the asset in 2022 with an exploration program focused on oxide resource expansion at Pinion, oxide definition drilling at the LT target, sulphide resource step out drilling at North Bullion, and inaugural drilling at the Ranch sulphide target to the north of Dark Star. Our exploration program, combined with the advancement of our permitting application and commencement of our construction capital financing process, will lead to plenty of news flow in 2022 as we advance towards our goal of becoming Nevada’s low-cost junior producer of choice.”
2021 and Recent Highlights
Financial Results for the Year Ended December 31, 2021
The Company reported a net loss of $11.0 million for the twelve months ended December 31, 2021, compared to a net loss of $10.7 million for the twelve months ended December 31, 2020.
The Company’s Form 40-F has been filed with the SEC on EDGAR (www.sec.gov) together with the Company’s Audited Consolidated Financial Statements, Management’s Discussion and Analysis and Annual Information Form for the year ended December 31, 2021.
The Company’s shareholders may, upon request, receive a hard copy of the Company’s complete audited financial statements free of charge. To review these documents on the Company’s website, please see www.goldstandardv.com/investors/filings-financials/financial-statements/.
Richard Yancey, Geology Manager of the Company, is the Company’s Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.
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 or controlled 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.
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We acknowledge the [financial] support of the Government of Canada.