Visionary Gold Corp. Completes Initial Drill Program and Defines Large Coincident Soil and Geophysical Anomaly at Wolf Gold Project
Visionary Gold Corp. Completes Initial Drill
Program and Defines Large Coincident Soil
and Geophysical Anomaly at Wolf Gold Project
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2021) - Visionary Gold Corp.
("
Visionary
" or the "
Company
") (TSXV: VIZ) is pleased to announce that it has completed five
drill
holes for a total of 780 metres (m) of drilling at the Wolf Gold Project, and has confirmed and extended a
gold-in-soil anomaly, just a few hundred meters north of the historic Wolf Mine, on an interpreted parallel
structure called Windy Hill.
Thus far, the 2021 exploration program on the Wolf Gold Project has achieved the following:
Confirmed the presence of a shear zone trend with at least 2.6 kilometres (kms) of strike.
Identified numerous new targets on parallel structures to the West and Northwest of the historic
Wolf Mine using rock and soil sampling, geophysics, and structural mapping.
Drilled into the Wolf shear structure that plots down-dip from the historic Wolf Mine structure.
Confirmed that Induced Polarisation (IP) anomalies do contain significant disseminated sulfides,
as hypothesized.
Confirmed the existence of previously reported mineralized zone at surface workings of Wolf Mine
with new channel sample containing 11.5m averaging 5.12 grams per tonne (g/t) gold.
Sampled values greater than 25 g/t
gold from historic Wolf Mine Area.
Collected 3,145 soil samples covering 90.4-line km, 442 rock samples from its approximately
50km
2
land package in and around the Lewiston District and completed the first phase of the first
ever drill program in the district at its Wolf Gold Project.
"Strong gold values in soil and rock chip samples complimented by associated geophysical anomalies
continue to highlight potential for a large gold bearing system at the Wolf, as we await results from the
initial drill program," stated Visionary CEO, Wes Adams. "Like many of our peers, we have experienced
significant delays this year in returning assay results, but we haven't stopped collecting data and the
results that we have received continue to be encouraging. We will release the results from the entire drill
program as soon as we have results from all holes, and we will continue to release results from regional
exploration efforts as they become available."
Confirmation rock channel samples across the Wolf Shear were taken at different sample locations
along the same structure and returned results almost identical to previously reported channel samples
with an average of 10.2 m of 5.19 g/t gold
(See
NR dated February 3
rd
, 2021
)
, as compared with the
new samples, which returned an average of 5.12 g/t gold
over 11.5m. Rock chip samples in other areas
of the Wolf Gold Project seem to correlate well with surface gold in soil anomalies and structural features
mapped at surface. See attached map
(Figure 1)
and table
(Table 1)
below.
Figure 1.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4047/104291_12b4d470140d4821_002full.jpg
Table 1.
Historic Wolf Mine - Channel Sample Results
Sample
Length m
Au g/t gold
VGR000251
0.5
0.12
VGR000252
0.4
0.09
VGR000253
0.3
0.23
VGR000254
1.5
4.96
VGR000255
1.5
>25.00 (pending overlimit results)
VGR000256
1.5
2.70
VGR000257
1.5
3.62
VGR000258
1.5
1.80
VGR000259
1.5
0.29
VGR000264
1.3
0.92
Total Width
11.5
5.12
Technical Disclosure
Soil sample QA/QC included the insertion into the sample stream of standards, duplicates, and blanks.
Samples were kept at Visionary's secure facility until freighted directly to ALS Geochemistry's
preparation laboratory in Elko, Nevada. Soil samples were analyzed using package AuME-ST43 with a
detection limit for gold of 0.0001ppm. Rock samples were analyzed by crushing and pulverizing 250g to
>85% passing 70 microns, final analysis is by 30g fire assay (Au-ICP21).
About Visionary Gold Corp.
Visionary Gold Corp is a Vancouver-based mineral exploration company focused on precious metals
discovery and development in the historically productive Lewiston gold district of Fremont County,
Wyoming, a district that, while having a strong gold mining history, has never been explored using
modern techniques. The Company now controls an approximately 50 square kilometre land package
with numerous drill ready targets.
For further information, please visit the company website at:
www.visionarygoldcorp.com
Contact:
Wes Adams, Chief Executive Officer
Visionary Gold Corp.
410-325 Howe Street
Vancouver, BC V6C 1Z7
Tel: (303) 809-4668
Technical Disclosure Advisory
All scientific and technical information contained within this press release was prepared under the
supervision of 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.
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 analysis of core samples and
other results from Visionary's 2021 exploration program and further updates regarding drilling and
exploration progress in the coming weeks. Forward-looking statements are necessarily based on
several 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 general business, economic and regulatory risks; capital and operating costs varying
significantly from management estimates; timing of the provision of services by third parties; 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 prices; 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, the Company disclaims any intention or obligation to update or revise any forward-looking
statement, whether because of new information, future events, or otherwise.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/104291