Wednesday, March 30, 2011

Big Volume Today for Gold Standard Mining (OTC:GSTP)

Big Volume Today for Gold Standard Mining (OTC:GSTP)Oxford, MS 3/30/2011 (Penny PayDay) -- Gold Standard Mining Corp. (OTC:GSTP), whose subsidiary operates a gold mine in Russia, yesterday announced, in a press release, that it has appointed Ricardo Valls, P.Geo., M.Sc. as the Company’s Chief Geologist and QP. Mr. Valls will be responsible for further developing and managing the Company's exploration projects. As I write, shares of Gold Standard Mining were up 20 percent at $0.60 per share on heavy volume of more than 2 million shares compared to its average daily volume of about 104,000 shares. The company has a market cap of $122 million and a 52-week range between $0.12 and $4.51 per share.

“We are ecstatic to have Mr. Valls join the Company as its Chief Geologist and QP. Based upon Mr. Valls' language proficiency, he will be able to effectively communicate with the Company’s personnel in Russia as well as with the investment community throughout the world. Most importantly, Mr. Valls has been involved with some of the most successful mining companies throughout the world. We welcome him on board,” stated Pantelis Zachos, Chief Executive Officer of Gold Standard Mining.

For more information, please visit: www.goldstandardmining.com.

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