Vancouver, B.C., November 16, 2023 – Relevant Gold Corp. (TSXV:RGC) (OTCQB:RGCCF) (“Relevant Gold” or the “Company”) is pleased to announce the successful completion of its 2023 exploration campaign at the Company’s 16,187 hectare (40,000 acre) land package throughout Wyoming, USA. The work included the first-ever drilling of the Heavy Hand Target in the South Pass Gold Field in west-central Wyoming as well as regional surface mapping and sampling focused at Bradley Peak, Shield-Carissa, and Golden Buffalo. Most assay data are pending and should be received within 1-10 weeks. |
“We are very pleased to have successfully advanced our pipeline of discovery opportunities throughout the state of Wyoming even in the face of challenging market conditions,” said Relevant Gold CEO Robert Bergmann. “We eagerly await results from our drilling at Heavy Hand and expect that the combined 2023 results will strongly reinforce our regional-scale Abitibi-style shear-hosted gold model. We look forward to testing these new targets with an aggressive drilling campaign in 2024.”
The 2023 program included completing the following work:
- Drilled 11 holes totaling 1,560 m of diamond core at the Lewiston Project, Heavy Hand Target in the South Pass Gold Field in west-central Wyoming (Figure 1).
- Initial observations of drill core appear to confirm the Company’s model for sub-parallel deep-rooted and near vertical orogenic shear zones (see News Release, September 13, 2023).
- Regional mapping and rock sampling focused on target generation at Bradley Peak, Shield-Carissa, and Golden Buffalo; 3 district-scale targets were identified at Bradley Peak including highlight results of 5.3 g/t gold at the Deserted Treasure Zone, and 107 g/t silver and 6.25% copper at Kortes Zone (News Release, November 07, 2023). Results for Shield-Carissa and Golden Buffalo are pending.
- Regional soil geochemical sampling program across the Golden Buffalo project. Results are pending.
- Regional airborne geophysics survey conducted by state of Wyoming over Central Wyoming, including both Relevant Gold’s South Pass and Bradley Peak camps (SeeMay 24, 2023 News Release). Results are pending.
Lewiston Drilling Program
The Lewiston project comprises 10 km of orogenic shearing with gold associated throughout. Numerous shear zones have been mapped in detail throughout the district ranging from <1 m to >15 m wide at surface. Mineralization is seen as gold bearing quartz veins with arsenopyrite + pyrite + chlorite +/- biotite +/- scheelite within the shear zone. The shear zones are flanked by brittle stockworks and alteration consisting of silicification and chloritization. Heavy Hand is a 500 m x 1 km+ greenfield target identified as multiple sub-parallel and near vertical orogenic shear zones with high-grade gold (Relevant Gold surface rock chip samples highlights include 62.4 g/t Au), distinct hydrothermal alteration, and associated orogenic geochemistry (As, W, Bi, Te, Sb, Ag). Heavy Hand is one of two major targets in the northern Lewiston project identified to date through systematic exploration.
During the 2023 field season, Relevant Gold drilled 11 holes totaling 1,560 m of diamond core at the Heavy Hand target. Highlights and early observations from the drill program include:
Successfully intersected shear zones in multiple drill holes at up to 200 m depth, including known mapped shear zones and blind shear zones not exposed at surface; · Confirmation of the Company’s model for sub-parallel deep-rooted and near vertical orogenic shear zones (see News Release, September 13, 2023) · Observation of significant alteration, veining, and remnant sulfides in most drillholes; and · Distinctive styles of alteration recognized and mapped at surface were readily seen in core, including silicification, chlorite, epidote, hematite (oxidized sulfides), sericite and biotite alteration across the shear zones. For a full technical summary, view the Company’s Lewiston 43-101 technical report. | |
Figure 1: Plan view map of 1,560 m Heavy Hand drilling program with hole locations and traces as well as gold assays for prior Relevant Gold rock chip samples. |
“Phase 1 drilling at Heavy Hand was designed to cut numerous shear zones at depth and along strike. Initial observations shows strong hydrothermal alteration, abundant veining, and elevated geochemistry that strongly support our exploration modeling for the Lewiston District,” said Relevant Gold CXO Brian Lentz. “The alteration intensity and field analyses (PXRF) shows elevated arsenic, tungsten, and associated pathfinder metals, matching what we see along the surface of the mineralized shear zones, so we are eagerly anticipating results.” · Bradley Peak – July Field Program – Results Received (News Release, November 07, 2023) o 3 district-scale targets identified. Highlights include high-grade gold and copper samples such as 5.3 g/t gold at the Deserted Treasure Zone and 107 g/t silver and 6.25% copper at Kortes Zone; · Shield-Carissa – August Field Program – Results Pending; and · Golden Buffalo – September/October Field Program – Results Pending.
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Soil Sampling Program |
About Relevant Gold Corp. |
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For further information about Relevant Gold Corp. or this news release, please visit our website at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher Jensen, Manager of Investor Relations, at 763-760-4886 or by email at [email protected].
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of Relevant Gold Corp. (“Relevant” or “Relevant Gold” or “the Company”). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions) are not statements of historical fact and may be forward looking information. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.
The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz, CPG #11999, Chief Exploration Officer of the Company, who is a “Qualified Person” as defined by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Lentz is not independent of the Company.
SOURCE: Relevant Gold Corp.
