Visionary Gold Corp. Announces Completion of 2020 Soil Geochemical Survey and Filing of NI-43101 Technical Report for Wolf Gold Project
Visionary Gold Corp. Announces Completion of 2020 Soil Geochemical Survey and Filing
of NI-43101 Technical Report for Wolf Gold Project
VANCOUVER, British Columbia, December 1 7th, 2020 ( The NewsWire) – Visionary Gold
Corp. ("Visionary" or the " Company") (TSXV: VIZ ) is pleased to announce results from its
2020 Soil Geochemical Survey. All outstanding soil samples from the 2020 field work program
have been received. Gridded soil sampling on the Wolf Gold P rospect defined a gold in- soil
anomaly coincident with the Wolf S hear Zone for over 2,000 metres in length. In addition, sub-
parallel gold in soil anomalies appear to identify poorly exposed structures which are now
considered prospective for similar styles of mineralisation as that hosted in the Wolf Shear Zone.
Additionally, a National Instrument 43 -101 technical report was commissio ned and recently
completed by Mine Development Associates , a Division of RESPEC, of Reno Nevada authored
by Dr, Odin D. Christensen and Dr. Michael Ressel entitled “Technical Report on the Wolf Gold
Project, Fremont County, Wyoming, USA .” The report is ava ilable on SEDAR and on the
company’s website. An excerpt from the authors report includes, “The Lewiston district hosts a
cluster of small, but relatively high -grade, gold deposits that were mined historic ally. Available
geological mapping, surface geochemical sampling and orientation geophysical surveys suggest
that the extent of gold mineralisation is greater than currently known, and that modern
exploration tools can be effectively deployed for discovery . Surface exposures are encouraging.
To the best of our knowledge, the district has never been drill tested and the geology remains
unknown below a depth of about 50 metres.”
Visionary CEO Wes Adams c omments, “We are encouraged that a strong gold geochemical
anomaly corresponds with the Wolf Shear Zone and extends further northeast than expected. We
also identified previously unknown parallel zones with anomalous gold values as a result of the
2020 Geochemical Survey, which could present new target areas . These areas will be further
investigated as we move towards drilling o ur primary Wolf Shear Zone drill target , which is a
geophysical anomalous zone underlying historic gold workings that show high- grade gold in
surface sampling . I would like to t hank our field team for their hard work in a year that was
challenging for everyone and I would also like to thank Dr. Odin Christensen and Dr. Michael
Ressel and the Mine Development Associates team for compiling a litany of historical
information togethe r with data collected by Visionary in 2020 to form a very comprehensive
technical report, which reinforces the case for drilling the Wolf Shear Zone and continuing to
systematically explore the Lewiston District and greater South Pass Greenstone Belt. We look
forward to analyzing more data from the 2020 field program including additional rock chip
channel samples across the shear and interpreting regional geophysics ahead of drilling in 2021."
Visionary Gold Corp., (TSX-V: VIZ) is a precious metals focused, mineral exploration
company based in Vancouver, British Columbia, Canada, with Operations in Wyoming, USA.
The Company is currently focused on the Wolf Gold Project, in Fremont County Wyoming,
USA. For additional information, please visit the Company's website at:
http://www.visionarygoldcorp.com/
Contact:
Wes Adams, Chief Executive Officer
Visionary Gold Corp.
410-325 Howe Street
Vancouver, British Columbia, CanadaV6C 1Z7
Tel: (303) 809-4668
Notice Regarding Forward-Looking Statements
This news release contains "forward -looking statements" within the meaning of Canadian
securities legislation. These include, without limitation, statements with respect to the
advancement of the Wolf Gold Project. Forward -looking statements are necessarily based on a
number of estimates and assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors which may cause actual results and future
events to differ materially from those expressed or implied by such forward- looking statements.
Such factors include, but are not limited to capital and operating costs varying significantly from
management estimates; the preliminary nature of metallurgical test results; delays in obtaining or
failures to obtain required governmental, environmental or other project approvals; uncertainties
relating to the availability and costs of financing needed in the future; inflation; fluctuations in
commodity price s; delays in the development of projects; and the other risks involved in the
mineral exploration and development industry generally. Although the Company believes that
the assumptions and factors used in preparing the forward -looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of the date of this
news release, and no assurance can be given that such events will occur in the disclosed time
frames or at all. Except where required by law, Visionary disclaims any intention or obligation to
update or revise any forward- looking statement, whether as a result of new information, future
events, or otherwise.
Technical disclosure:
Soil samples were collected at an average depth of 0.1-0.15 metres below surface; sample mass
averaged 0.35 kilograms of non-sieved material. Soil sample values ranged from detection limit
to 5.9 grams per tonne gold; with a median of 0.5 parts per billion ("ppb") gold and a mean of
22.0 ppb gold. Samples were processed at Paragon Geochemical Ltd (ISO/IEC 17025:2017) of
Sparks, NV using analytical code Au-OES30.
Qualified persons for the Wolf Gold Project NI 43-101 Technical Report are Dr. O.D.
Christensen and Dr. M. Ressel.
All scientific and technical information contained within this press release was reviewed by
Darren Lindsay, P.Geo. (EGBC), a Qualified Person as defined by NI 43- 101. Mr. Lindsay is a
Director of the Company.
It should be noted that the potential quantity and grade of the exploration targets disclosed in
this press release is conceptual in nature, that there has been insufficient exploration to define a
mineral resource and that it is uncertain if further exploration will result in the target being
delineated as a mineral resource as per the NI 43-101 reporting standards.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.