Relevant Gold Reveals 3.5 km2 Geochemical Soil Anomaly at Golden Buffalo
Relevant Gold Reveals 3.5 km2 Geochemical Soil Anomaly at
Golden Buffalo
VANCOUVER, BC / ACCESSWIRE / March 13, 2024 / Relevant Gold Corp.
(TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") announces results
from the 2023 soil sampling and geological mapping program at the Company's 100% owned
3,884-hectare Golden Buffalo Project located in the South Pass Gold Field, Wyoming. The
Company's 2023 soil survey has highlighted a 3.5 km2 arsenic anomaly surrounding a newly
mapped 2+ km western extension of the gold-rich Golden Buffalo Shear Zone (GBSZ).
Arsenic is a very powerful pathfinder for targeting gold mineralization in Abitibi-style orogenic
gold systems and its importance is rapidly emerging at Golden Buffalo (Figure 1).
The GBSZ is the primary host for high-grade gold discovered at Golden Buffalo, highlighted by
Relevant Gold surface trench rock chip assays of 168 g/t Au, and drilling assays highlighted by
83.8 g/t Au over 1 metre (see Press Release - Feb 6, 2023). A 2021 pilot soil sampling program
tested the known surface gold mineralization trenched at Golden Buffalo and confirmed a strong
correlation between the shear structures, gold mineralization, and arsenic geochemistry
throughout the central GBSZ (see Golden Buffalo 43-101 Technical Report). Subsequent work
has shown that arsenic is directly correlated to gold mineralization throughout the Golden
Buffalo area and the entire South Pass Gold Field, which adds important discovery potential for
Relevant Gold.
"Adding over 2km to the Golden Buffalo trend and showing that it occupies the middle of a huge
arsenic anomaly is a major step forward to show it's a first order gold mineralizing control while
simultaneously strengthening the analogy to Canada's Abitibi Gold Belt," said Brian Lentz,
Relevant Gold's Chief Exploration Officer. "We look forward to applying the same methodical
approach that brought Golden Buffalo to over 5 km long to the multiple additional shear zones
that lace our extensive Wyoming land portfolio, which we think holds the world's next new gold
mega-district."
The 2023 soil sampling program was part of a larger regional program designed to cover
approximately 80% of the 3,884-hectare Golden Buffalo project and test the Eastern and Western
extensions of the fertile Golden Buffalo Shear Zone (see Press Release - Aug 3, 2023). The 2023
regional soil sampling program identified a significant 3.5 km2 arsenic anomaly centered on a
2+ km western extension of the GBSZ. Additionally, several other shear structures hosting
arsenic anomalies have been identified in the northwest corner and southern end of the Golden
Buffalo property (Figure 1).
The 2023 soil sampling program comprised over 2,100 soil samples across N-S oriented lines
utilizing a 400m line spacing and 25m sample spacing. The sample grid was designed to cover
areas with soil cover over the favorable Miner's Delight metagraywacke host rock, while
avoiding areas of Tertiary age sedimentary cover. The samples were dried and analyzed using a
portable NitonTM XL5 Plus XRF analyzer to test for arsenic (As) geochemistry.
Figure 1. Arsenic geochemistry in soils interpolation map of the Golden Buffalo Project.
Golden Buffalo Project Summary
The Golden Buffalo Project is located southeast of the Wind River Mountain Range in Fremont
County of west-central Wyoming, 50 kilometres southeast of Lander, Wyoming. The property is
composed of both private land and public land managed by the Bureau of Land Management
(BLM) totaling 9,600 acres (3,884 hectares) of active BLM mining claims, including 300 acres
(121 hectares) of patented claims and >600 acres (242 hectares) of private surface land with
water rights. Relevant Gold recently purchased the 88 un-patented mining claims with Golden
Buffalo Mining for 1,500,000 shares and eliminated over $16.2 M of calendar-based payments
(See Press Release - Jan 15, 2024).
In 2020, Golden Buffalo Mining excavated an approximately 20-metre trench and produced over
500oz of high-grade visible bonanza-style gold. Relevant Gold's systematic work since then has
identified the GBSZ as a primary control on high-grade gold mineralization at the project
highlighted by rock chip assays from the trench of 168 g/t Au and the 3,500 metre phase 1
drilling program in 2022 cut 83.8 g/t Au over 1 metre with over 50% of drill holes reporting
shear-hosted gold mineralization (see Press Release - Feb 6, 2023).
For a full technical summary, view the Company's Golden Buffalo 43-101 Technical Report.
QA/QC
Samples were collected, prepped, and analyzed internally by the Relevant Gold technical team
using the XL5 Plus portable NitonTM XRF analyzer. Samples were collected and analyzed
according to a standardized sampling methodology including sample preparation, drying, and
analyzing within a dedicated indoor workspace. An internal QAQC process was used with
regular insertion and analysis of Standards and Blanks, along with duplicate analysis of
individual samples. The XL5 Plus portable NitonTM XRF analyzer does not provide a certified
assay result and thus all results should be considered qualitative and not certified by an
independent third-party laboratory.
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
More information
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
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.