If you read the error, its pretty much clear, you run out of Virtual Ram, I assume you have your SWAP disabled or limited and set too low (I think it's set to 4 GB). The error tells you it tries to allocate Virtual memory but it can't, and as the process runs out of VRam it crashes (4 285... out of 4 294...) Note here that Nvidia when it runs out of VRam (in your case 4GB), will use system ram, even tho it will slow it down. So if you have for example 8 GB RAM and Windows/drivers/software uses 1,5 Gb, Heat uses 6GB but then Nvidia because of wrong settings, tries to allocate more ram, boom you get a crash.
My suggestion is, to set swap to auto and/or lower the graphic settings, especially the texture ones and settings that increase ram usage. After setting swap to auto, test using the lowest settings to see if it still crashes and keep increasing till you feel is ok.