08:06 AM EDT, 10/25/2017 (MT Newswires) -- Dual listed Gold Standard Ventures (GSV.TO, GSV) -- trading near year lows having lost 2.6% in regular trade on both the TSX and NYSE yesterday (it also lost 2% in after hours trade) -- said Wednesday that metallurgical results were "highly encouraging" on its wholly owned/controlled Railroad Project in Nevada's Carlin Trend.

In a statement, the company said that results from continuing work designed to determine the processing characteristics of the Dark Star oxide gold deposit confirm that Dark Star material is likely to support heap leach processing. It added column recoveries from -12.5 mm size material averaged 86.5% for Dark Star oxide and 70.0% for partially oxidized transitional material.

Chief Executive Officer Jonathan Awde said: "Step by step we are increasing the value of our Railroad Project by reducing risks and establishing the viability of its gold deposits. The recovery rates in these tests are beyond our expectations. We now know how the gold can be recovered at Dark Star and that crushing requirements and reagent consumption are favorable. The next step is to complete a PEA defining economic parameters."

Price: 1.87, Change: -0.05, Percent Change: -2.6