UPDATE: Gold Standard Ventures Shares Maintain 13% Gains, Gives Details on Leases


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Gold Standard Ventures ( GSV ) is up 12.8% at $1.67, but off a day's high of $1.75, after the company released additional information on the leases entered into with various land holders encompassing approximately 4,128 net mineral acres of land adjacent to the company's flagship Railroad gold project in Elko County, Nevada.

GSV has the exclusive right to explore, mine and develop varying percentage holdings in portions of what the company calls the 'South Railroad Project.' It also controls approximately 32% of strategic sections in the Pinon district which the company estimates give it control of approximately 32% of the historic South Bullion and Trout Creek deposits. The remaining interests in these lands are held by others including Manhattan Mining Company on behalf of Royal Standard Minerals Inc., it says.

GSV trades in a 52-week range of $0.63 - $3.05. Shares have fallen 40% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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