VANCOUVER, BC / ACCESSWIRE / August 29, 2024 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce it has added ~2,102 hectares (ha) (5,195 acres) at its 100% owned Bradley Peak Gold Camp located in the Seminoe Mountains, Wyoming, USA. The Company staked 38 BLM lode mining claims and applied for and received 16 Wyoming state mineral leases, nearly doubling the size of the Bradley Peak Gold Camp project to a total of ~4,391 ha (10,800 acres).
The Company's recent assay results, combined with detailed geology mapping and geophysics, highlight the Bradley Peak Gold Camp as a large complex greenstone belt illustrating high-grade district-scale gold targets and has guided the Company's recent acquisitions that meet initial criteria for hosting Abitibi-style gold potential.
"Our first mover advantage in Wyoming, one of the top global mining jurisdictions, continues to benefit Relevant Gold shareholders and allows us to build a belt-scale portfolio of gold targets with a strong connection to the Abitibi during the time of gold mineralization," said Relevant Gold CEO Rob Bergmann. "The high-grade gold, silver, and copper targets we have identified at Bradley Peak show significant potential, and the geophysical data indicates this is an opportunity of scale. These new acquisitions secure additional prospective ground and create a buffer around our highest-priority targets as we focus on expediting drill permitting at Bradley Peak."
Relevant Gold's 2023 reconnaissance program at Bradley Peak identified 3 district-scale target areas illustrating high-grade gold, silver, and copper associated with multi-kilometre (km) shear zone structures (News Release - Nov. 7, 2023) coincident with a 100+ km2 geophysical anomaly (News Release - Mar. 25, 2024). Initial results from the Company's follow-up 2024 mapping and sampling program continue to illustrate high-grade mineralization including 46.8 g/t Au and 2.44% Cu (News Release - Aug. 13, 2024). Detailed geologic mapping identified numerous unmapped shear zones hosting complex quartz/carbonate vein arrays, some with visible gold and copper carbonate mineralization, as well as several historic mine workings that are not identified on previous maps.
The Company is beginning to define high-quality drilling targets at Bradley Peak and is anticipating results for its second batch of samples from the 2024 mapping and sampling program very soon. The work completed to date continues to support expedited exploration at Bradley Peak.
About Relevant Gold Corp.
Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation for shareholders. Relevant Gold is 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.
On behalf of Relevant Gold Corp.,
Rob Bergmann, Chief Executive Officer
More information
Neither the 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 protected].
Cautionary Note Regarding Forward-Looking Statements and Historical Information
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. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
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.