VANCOUVER, B.C., Aug 13, 2024 – Relevant Gold Corp. (TSXV:RGC) (OTCQB:RGCCF) (the “Company” or “Relevant Gold”) is pleased to announce the completion of a detailed geologic mapping and rock sampling program at Bradley Peak and report the first of two batches of results, highlighted by high-grade assays of 46.8 g/t Au and 2.44% Cu. This is the Company’s next systematic step in defining high grade drilling targets at the Bradley Peak Gold Camp and initial observations provide evidence for a complex Abitibi-style greenstone belt with numerous district-scale targets illustrating high grades and strong potential.
Relevant Gold’s 2023 reconnaissance program at its 100% owned Bradley Peak Gold Camp 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). This year’s work is focused on defining high-quality drilling targets to begin permitting for the 2025 drilling season.
The Company mobilized field crews in June and July to conduct a robust geologic mapping and rock sampling program at its 2,307-hectare (ha) (5,700 acre) Bradley Peak Gold Camp, located in the Seminoe Mountains, Wyoming, USA. 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.
A total of 557 rock chip samples were collected as a part of this two-month mapping and sampling program. Batch one consisted of 356 total samples. Highlights of batch one assays can be found in Table 1 (below).
“The Bradley Peak Gold Camp continues to deliver fantastic results, and the scale of targets improves at every step,” said Relevant Gold CEO Rob Bergmann. “Building on the foundation laid by our 2023 successes, our 2024 work program will really start to unlock the potential at Bradley Peak and help us to outline high-priority drilling targets.”
Mapping work continues to confirm the Bradley Peak Gold Camp is a large complex assemblage of amphibolite facies and greenschist facies metamorphic rocks, including mafic and intermediary volcanics, mafic and ultramafic intrusive rocks, and iron formation metasedimentary rocks. Additionally, significantly sheared quartz-sericite-pyrite altered rock units and quartz-feldspar porphyritic intrusive rock units have been identified, many of which were not previously mapped. These new findings provide a distinct analogue to Abitibi style greenstone belt rock assemblages. The second batch of rock chip sample assays is expected soon, and a more detailed technical summary of findings will accompany them.
| Bradley Peak Project – June 2024 Assay Highlights | ||||
| Lab ID | Au (ppm) | Ag (ppm) | Cu (%) | 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 |
| 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 |
| E258986 | 1.76 | 1.8 | nil | Quartz vein |
| 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 |
| E258764 | 0.69 | 2.65 | 2.44 | Ankerite vein salvage |
| 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 |
| M038700 | 0.18 | 1.8 | 0.2 | Highly altered and sheared mafic metavolcanic |
| M038655 | 0.15 | 2.1 | nil | Quartz vein |
| M038654 | 0.12 | 8.4 | 1.25 | Strongly sheared and hematite altered quartz vein |
| M039472 | 0.12 | 22.5 | 0.2 | Mafic metavolcanic |
| M038692 | 0.07 | 0.6 | 0.57 | Serpentinite |
| M038695 | 0.05 | 3.4 | 1.97 | Strongly oxidized mafic metavolcanic with copper carbonates |
| M039054 | 0.03 | 11.3 | 0.94 | Quartz vein |
| M039466 | BDL | 5.1 | 1.76 | Milky quartz vein with sulfides |
| M038667 | BDL | 6.5 | 1.37 | Strongly altered, metagabbro with copper |
| E258808 | BDL | 0.8 | 0.773 | Mafic metavolcanic |
| E258809 | BDL | 4.6 | 0.743 | Quartz vein |
| E258807 | BDL | 1.2 | 0.616 | Mafic metavolcanic |
| Table 1: Highlighted assay results from the June 2024 Bradley Peak mapping and sampling program. Anomalous gold (>0.1 ppm) and copper (>0.5 %) results are included. Silver has a strong >60% positive correlation to gold mineralization and thus is also included in this table for proper reference. “BDL” stands for below detection limit. Bolded samples show gold values over 1 g/t and copper values over 0.5% | ||||
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 for copper (>10,000ppm Cu) were further analyzed with the PER-7Cu 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.
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
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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.