VANCOUVER, BC / ACCESSWIRE / September 14, 2023 / Relevant Gold Corp. ('Relevant Gold' or the 'Company') (TSXV:RGC) is pleased to announce it has commenced diamond core drilling at its 5,665 hectare Lewiston Project in the South Pass Gold Field, central Wyoming, USA. The Company plans to drill a total of 1,500 metres (m) as a phase 1 drilling program at the Heavy Hand target. Previous Relevant Gold rock chip sampling at Heavy Hand has returned surface assays up to 62.4 g/t gold out of a 500m wide zone of near vertical sub-parallel shears. This first-ever drilling program at Lewiston is designed to test the:
- Alteration and mineralization profiles between sub-parallel shear zones;
- Depth to sulfide mineralization below the oxidized zone;
- Structural architecture of shears; and
- Occurrence of shear-parallel and cross-cutting extensional quartz-sulfide veining (Figure 1).
'The Lewiston project has never been drilled before and we are very excited to be the first,' said Rob Bergmann, CEO of Relevant Gold Corp. 'This initial drilling program is a first step in defining the more than 10-kilometer trend of mineralized shear zones at Lewiston and aims to expand the proof of concept achieved at Golden Buffalo in 2022 to another district-scale target within the Company's portfolio.'
Multiple shear zone orientations and brecciated fold hinges were identified in the Lewiston Project and demonstrated spatial associations with alteration and mineralization. Mapping within the project area outlined a regional scale anastomosing shear system with at least two distinct shear orientations:
- A dominant system of NE-striking shear zones cross-cut the entire project area, demonstrating chlorite alteration.
- A later or coeval, widespread set of E-W striking shear zones and altered fracture zones hosting silica-epidote-sulfide alteration.
Heavy Hand Target
The Heavy Hand target is a previously undrilled target 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).
The planned 1,500-metre core drilling program this year is a phase 1 test of the Heavy Hand target within the northern Lewiston project area. These northern targets at Lewiston are permitted for a phase 2 follow up based on the learnings from these initial geology holes.
The Lewiston Project
The Lewiston Project is located south of the Wind River Mountain Range in west-central Wyoming. The project site is approximately 65 kilometers southeast of Lander, Wyoming in Fremont County and is composed of both private land and public land managed by the Bureau of Land Management (BLM). The Lewiston project is comprised of 14,000 acres (5,665 hectares) of active BLM mining claims, including 58 acres (23 hectares) of patented claims at Hidden Hand. Additional project highlights include:
- >10 km mineralized shear zone trend that includes a number of historic high-grade mines: Hidden Hand, Burr, Goodhope, and Lone Pine mines.
- Rock chip samples collected within the project area returned assay values ranging from detection limit to 62 g/t Au, including 13 samples >1 g/t Au (6.4% of sample suite) and 29 samples >0.25 g/t Au (14.3% of sample suite).
- Historic reported samples include 1,690 oz/ton Au;
- Arsenic (As), Antimony (Sb), Tungsten (W) and Copper (Cu) enriched shear zones that historically have reported significant high-grade bonanza style gold within the shear structures and associated veining.
- Relevant Gold has two permitted drill targets at Lewiston with a third permit pending.
About Relevant Gold Corp.
Relevant Gold Corp. is a North American gold exploration company focused on the acquisition, exploration, discovery, and development of district-scale gold projects in the state of Wyoming - one of the most mining-friendly jurisdictions in the United States and globally. Founded by experienced exploration geologists, Relevant Gold is managed by a highly respected team with a proven record of significant value creation for shareholders.
On behalf of Relevant Gold Corp., Rob Bergmann, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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@example.com.
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.
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