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Gold Standard Ventures announces PFS for Railroad-Pinion project

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Gold Standard Ventures said yesterday the pre-feasibility study for its Railroad-Pinion project showed a pre-tax net present value of $302 million at a 5% discount rate and after-tax net present value of $241.5M at a $1,400 gold price and a $17.11 silver price.

The project is located in the Carlin Trend, Nevada.

The after-tax internal rate of return is 27.8%. The average annual gold placement is 156,000 ounces gold per year over an initial 8-year mine life. The average life of mine cash cost is $582 per ounce after by-product credit and all in sustaining costs of $657 per ounce.

Jonathan Awde, CEO and Director of Gold Standard, said the company plans to start permitting.

"We are very pleased with this first iteration of this PFS which is needed now so that we can start the permitting process," said Awde.

"We have many opportunities to improve on the base case which includes the goal to add mine life by potentially upgrading more of the existing resources within the PFS area and exploiting the other nearby deposits we have discovered.

"We also have some great opportunities to improve economics via trade-off studies which could reduce capital costs or improve recoveries. We will be looking to quantify these opportunities through further economic studies in the first half of 2020. Meanwhile, drilling is proceeding on some of our project's best exploration targets."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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