VANCOUVER, BC / ACCESSWIRE / September 26, 2024 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") announces final results from its 2024 geologic mapping and rock chip sampling program at its 100% owned Bradley Peak Gold Camp in central Wyoming. Results demonstrate widespread high-grade gold and copper mineralization, which refine three previously identified, and reveal three new, high-potential exploration targets (see below, Table 1). The best results came from the Apex Zone, which is marked by high-grade gold and copper from multiple 2-6m+ vein exposures within a >200m wide structural zone traceable for over 2.5 kilometers. Highlights include 46.8 g/t Au, 7.8% Cu and 2% Zn (Figure 2). Multiple drilling targets have been identified along Apex, which are being permitted for drilling next season.
"These stellar ounce-plus gold results from the Apex Zone indicate that a great opportunity is unfolding at Bradley Peak. Apex lies right in the center of a 100 km2 Abitibi-style fold hinge revealed by a detailed 2023 government-funded regional airborne geophysical survey flown over the 200 km long Archean shear zone that cuts across central Wyoming," said Relevant Gold CEO Rob Bergmann. "This belt-scale shear is what drew us to the region in the first place because it cuts the same kind of altered and well-mineralized greenstone rocks we see in very large Abitibi-style gold systems. Our work shows that Apex is complemented by five additional high-potential shear zones - three of which are new - giving us multiple targets for drilling and detailed field work next season".
2024 Project Summary
Relevant Gold's 2024 program mobilized field crews in June and July to conduct a detailed geologic mapping and rock sampling program at its 4,391-hectare (ha) (10,800 acre) Bradley Peak Gold Camp, located in the Seminoe Mountains, Wyoming, USA. Project goals included defining drill targets within the three previously identified Apex, Kortes, and Deserted Treasure zones (see News Release dated 11/07/2023) complemented by systematic exploration across the property where little to no data existed. Three new exploration target areas were discovered: Lost Mine, Olmeh, and East Limb, all lying along previously unmapped shear zones hosting complex quartz/carbonate vein arrays. Lost Mine is the best of these new targets with visible gold and copper carbonate mineralization and historical workings not identified on previous maps (Figure 1). Olmeh and East Limb look favorable but did not get as much attention as the other 4 targets. Detailed work included mapping over 1,880 outcrops along over 50km of shear zones. The program included 557 rock chip samples, of which approximately 7% are significant.
Figure 1. Plan view map of airborne geophysical anomalies draped over LiDAR at Relevant Gold's Bradley Peak Gold Camp. Exploration targets identified by the Company are: 1) Apex, 2) Kortes, 3) Deserted Treasure, 4) Lost Mine, 5) Olmeh, and 6) East Limb.
Summary of Bradley Peak Exploration Targets | ||||||
| 1. Apex | 2. Kortes | 3. Deserted Treasure | 4. Lost Mine | 5. Olmeh | 6. East Limb |
Highlighted RGC Grades | 46.8 g/t Au 2.44% Cu | 6.5 g/t Au 6.25% Cu 107 g/t Ag | 72.4 g/t Au 1.1% Cu | 4.54 g/t Au | 25 ppb Au; limited sampling | 0.52% Cu >30ppb Au; limited sampling |
Scale | >2.5 km shear zone | >1.8 km shear zones | >3km2 area | >700m shear zone - open along strike | >500m shear zone- open along strike | >1.5km shear corridor |
Host Rock | Sheared and altered Quartz-Feldspar-Porphyry, intrusive rocks, mafic & ultramafic volcanics | Mafic to ultramafic metavolcanics, komatiites, metagabbro and iron-formation. | Amphibolite facies mafic metavolcanics, komatiites and intrusives | Amphibolite facies metavolcanics, komatiite, serpentinite and metagabbroic rocks | Amphibolite facies metavolcanics, serpentinite and metagabbroic rocks | Amphibolite facies metavolcanics, komatiites, and metagabbroic rocks |
Mineralization Style | Orogenic gold and/or intrusion-related vein systems | Complex orogenic quartz-carbonate-chalcopyrite veins | Shear-hosted, orogenic, quartz-carbonate vein array in a broad fold hinge | Historic mine workings of a Quartz-Sericite-Ankerite-Pyrite schist with complex quartz veining | Quartz-Sericite-Ankerite-Pyrite schist with complex quartz veining | Historic mine workings of a Quartz-Sericite-Ankerite-Pyrite schist with complex quartz veining |
Phase/Status | Drill ready - permitting in progress | Drill targeting | Drill targeting | Systematic Exploration | Prospect | Prospect |
The Apex Target Zone
The Apex Zone encompasses a set of closely spaced, sub-parallel shear zones traceable for more than 2.5 km through amphibolite facies metabasalt and metagabbro intruded by porphyries and mafic dikes. The zone runs through the historic Apex Mine and Sunday Morning prospect workings, which historically reported assays of up to 2.1 g/t Au (see News Release dated 11/07/2023). 2024 work found high-grade gold, copper, and zinc mineralization throughout the zone. The highest-grade sample (46.8 g/t Au) was taken 500 m along strike and 200 m vertically below the historic mine workings, from a 3 m wide mineralized quartz vein within a >10 m wide shear zone outcrop (Figure 3). Gold mineralization appears to have a positive correlation to bismuth and arsenic in the reported rock geochemistry, which supports Abitibi-style orogenic mineralization.
Figure 2: Map illustrating high-grade gold and copper assays from the Company's sampling programs at the >2.5km long Apex Target zone within the central Bradley Peak Gold Camp. Gold values range from >0.015 g/t to the highest-grade assay of 46.8 g/t Au. Copper values range from below detection limit ("BDL") to 7.8%. (Link to larger map view).
Figure 3: Photo showing the lower Apex mineralized vein exposure and the five panel samples that were taken across the sections of the 3 m outcrop exposure; the photo is looking to the southwest.
Looking Ahead
The Company is combining the results of this year's work with previous results and advanced geophysics to begin planning and permitting a robust 2025 drilling program at Apex. Field work to support permitting is currently underway. In addition, further refinement of drill targets is planned, including advanced reprocessing and 3D inversions of existing airborne geophysical data, as well as potentially conducting a targeted high-resolution airborne EM survey over the drill target zones.
QAQC
Samples were submitted to the accredited MSALabs laboratory for preparation and analysis at their Val-d'Or, Quebec and Langley, B.C. facilities in Canada. Samples were prepared and analyzed for gold using PhotonAssay at the Val-d'Or location and multi-element geochemistry at the Langley, B.C. location. All samples were assayed for gold using the CPA-Au1 method with a >250g sample, and separately analyzed for multi-element ICP-MS geochemistry using method IMS-230 with a 4-acid digestion. Overlimit results (>100ppm) for silver (Ag) were further analyzed using the CPA-AgAu1 method with a >250g sample; overlimit results (>10,000 ppm) for copper (Cu), lead (Pb) and zinc (Zn) were further analyzed with the PER-7XX method using a sodium peroxide fusion and ICP-AES analysis.
MSALabs employs an internal QA/QC to ensure proper sample preparation and equipment calibration. Additionally, Relevant Gold's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks in the sample batches to further monitor lab accuracy, precision and equipment calibration. All results and QA/QC have been reviewed by Mr. Brian Lentz, CPG, who is the Chief Exploration Officer and Qualified Person for the Company.
Bradley Peak Project - 2024 Assay Highlights | ||||||
Lab ID | Au (ppm) | Ag (ppm) | Cu (%) | Pb (%) | Zn (%) | Rock Type |
E258763 | 46.8 | 44.1 | 0.37 |
|
| Quartz vein with pyrite + chalcopyrite |
M038689 | 32.9 | 10.9 | 0.16 |
|
| Quartz vein with strong hematite, limonite alteration |
H583168 | 31.64 | 24.8 | 0.64 |
|
| Quartz carbonate sulfide vein with visible gold |
H583166 | 11.78 | 1.8 | 0.18 |
|
| Oxidized quartz vein with abundant hematite/goethite |
M038690 | 7.02 | 6.3 | 0.34 |
|
| Strongly sheared and folded ultramafic with copper carbonates |
E258771 | 4.54 | 1.6 | nil |
|
| Quartz vein with hematite, limonite and minor pyrite |
H583167 | 3.16 | 2.1 | 0.29 |
|
| Quartz-carbonate chalcopyrite vein |
E258986 | 1.76 | 1.8 | nil |
|
| Quartz vein |
H583199 | 1.45 | 1.1 | nil |
|
| Oxidized quartz vein with sulfide casts |
H583193 | 1.22 | 4.1 | 0.29 |
|
| Quartz-carbonate-chalcopryite vein |
H583173 | 1.19 | 2.9 | 0.11 |
|
| Oxidized quartz vein with abundant relic sulfide casts |
E258779 | 1.02 | 7.3 | 0.28 |
|
| Chalcopyrite-pyrite-quartz vein with chlorite screens |
E258773 | 0.93 | nil | nil |
|
| Quartz vein stringers with iron oxide alteration |
E258786 | 0.73 | 56.2 | 4.73 |
|
| Grab sample of malachite-rich quartz vein cobbles from Apex Mine ore pile |
E258764 | 0.69 | 2.65 | 2.44 |
|
| Ankerite vein salvage |
E258796 | 0.67 | 3.2 | 2.31 |
|
| Rusty, malachite-bearing, coarse-grained actinolite quartz vein selvage |
E258762 | 0.53 | 2.5 | 0.38 |
|
| Quartz vein |
M039094 | 0.45 | 8.3 | nil |
|
| Quartz vein |
M039453 | 0.41 | 1.7 | 0.2 |
|
| Mafic metavolcanic |
E258794 | 0.4 | 50.7 | 0.3 |
| 0.42 | Rusty northwest margin of the ~3m wide Apex Mine quartz vein |
M038700 | 0.18 | 1.8 | 0.2 |
|
| Highly altered and sheared mafic metavolcanic |
M038655 | 0.15 | 2.1 | nil |
|
| Quartz vein |
H583178 | 0.12 | 5.7 | 3.44 |
|
| Oxidized, quartz-carbonate-chalcopyrite vein |
H583187 | 0.12 | 71.8 | 7.8 | 0.2 |
| White, massive quartz vein with copper carbonates and silicates |
M038654 | 0.12 | 8.4 | 1.25 |
| 0.17 | Strongly sheared and hematite altered quartz vein |
M039472 | 0.12 | 22.5 | 0.2 |
|
| Mafic metavolcanic |
H583179 | 0.07 | 3.6 | 0.91 |
|
| Oxidized, quartz vein with relic sulfide casts and copper carbonates |
M038692 | 0.07 | 0.6 | 0.57 |
|
| Serpentinite |
M038695 | 0.05 | 3.4 | 1.97 |
|
| Strongly oxidized mafic metavolcanic with copper carbonates |
M038511 | 0.04 | 8.6 | 0.08 | 0.42 | 2.1 | Quartz vein with gossan |
M039054 | 0.03 | 11.3 | 0.94 |
|
| Quartz vein |
E258807 | BDL | 1.2 | 0.616 |
|
| Mafic metavolcanic |
E258808 | BDL | 0.8 | 0.773 |
|
| Mafic metavolcanic |
E258809 | BDL | 4.6 | 0.743 |
|
| Quartz vein |
M038512 | BDL | 4.1 | 0.04 | 0.36 | 1 | Quartz vein with carbonates and ankerite |
M038667 | BDL | 6.5 | 1.37 |
|
| Strongly altered, metagabbro with copper |
M039466 | BDL | 5.1 | 1.76 |
|
| Milky quartz vein with sulfides |
Table 2: Highlight assay results from the 2024 Bradley Peak mapping and sampling program. Anomalous gold (>0.1 ppm), copper (>0.5 %), lead (>0.1%) and zinc (>0.1%) results are included. Silver (Ag) has a strong positive correlation to gold mineralization within the sample set and thus is also included in this table for reference. "BDL" stands for "below detection limit". Bolded samples show gold values over 1 ppm, copper values over 0.5% and zinc values over 1%. Gold (Au) is reported by the lab in ppm which is displayed in this table; 1 ppm Au is equivalent to 1 g/t Au.
QP Statement
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.
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
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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 investorrelations@relevantgoldcorp.com.
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.
SOURCE: Relevant Gold Corp.
