Vancouver, Canada, August 03, 2023 – Relevant Gold Corp. (“Relevant Gold” or the “Company”) (CSE:RGC) is pleased to announce it has received approval to list on the TSX Venture Exchange (the “TSX-V”), and outlines the Company’s 2023 Exploration Plans at its 15,095 hectare land package in central Wyoming, USA.
The common shares of the Company will be de-listed from the Canadian Securities Exchange at the close on Tuesday, August 8th and commence trading on the TSX-V under the symbol RGC at the open on Wednesday, August 9th. 2023 Work Program
Surface work began in June and drilling is anticipated to start in September pending bond acceptance from the Wyoming Department of Environmental Quality. | |
Figure 1. Left: Bedrock geology and Au-As rock chip geochemistry map of the “Heavy Hand” area of Relevant Gold’s Lewiston Property; Right: Conceptual drill target cross-section.
A 1,500-metre core drilling program is planned for this year within the northern Lewiston project area. The Heavy Hand and Northstar areas are previously undrilled targets lying along a 2-kilometer long, 500-meter-wide corridor laced by multiple mineralized shear zones. Numerous rock-chip samples in this area have returned high-grade gold assays (ranging from below detection limit to 62.4 g/t gold) from the surface. This initial drill program is designed as a proof-of-concept program to test: A) alteration and mineralization profiles between sub-parallel shear zones; B) depth to sulfide mineralization below the oxidized zone; C) structural architecture of shears; and D) occurrence of shear-parallel and cross-cutting extensional quartz-sulfide veining. (Figure 1). | |
Figure 2. Map illustrating the primary Golden Buffalo Shear Zone (GBSZ) and interpreted extensions to the west and east identified during the 2022 mapping program where work is focusing in 2023. Summary of Prior Exploration WorkAs part of the TSX-V listing requirements, the following summarizes work completed since May 18, 2022; the effective date of both the Golden Buffalo and Lewiston 43-101 technical reports. The approximately C$3 million 2022 exploration program included 3,500 metres of core drilling and trenching at Golden Buffalo as well as regional mapping and sampling. The primary goal was to identify similarities between the shear-zone hosted gold mineralization at Golden Buffalo and classic Abitibi-style “orogenic” gold mineralization and to identify additional high-potential shear zone targets in the company’s 15,095 ha land position in the long underexplored central Wyoming Gold Belt .
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Drilling Highlights include:
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Table 02. Highlight intercepts of gold assay results from initial 2022 drilling at Golden Buffalo. This table shows all the anomalous gold assay results of >/= 0.1 g/t Au with results of >0.2 g/t as bolded text. All intervals shown above are core length intervals. |
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