Gold Standard Ventures Corp. announced that it has entered into a binding letter of intent with Scorpio Gold Corp. to acquire the remaining portion of the highly prospective Pinion Gold Deposit which is contiguous to the south of the company's flagship Railroad Gold Project in Elko County, Nevada.

The acquisition of the remaining percentages of Pinion completes Gold Standard's efforts to consolidate the greater Railroad District under single ownership for the first time in its history. GSV acquired an approximate 51% ownership of the Pinion District last year from private interests, as well as valuable surface and water rights which are important to the Pinion deposit development.