Visionary Gold Corp. Samples Up to 11.45 Grams Per Tonne Gold and 4.52 Percent Copper on 3km Long Miz Shear Structure in Fremont County, WY, and Provides Update on New Drill Targets
Visionary Gold Corp. Samples Up to 11.45
Grams Per Tonne Gold and 4.52 Percent
Copper on 3km Long Miz Shear Structure in
Fremont County, WY, and Provides Update on
New Drill Targets
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2022) - Visionary Gold Corp. (TSXV: VIZ)
("
Visionary
" or the "
Company
") is pleased to announce the discovery of a 3 kilometre (km) zone of
copper-gold mineralization on the Company's Lewiston-Miz claims, located approximately 1.5 km
southeast of the Wolf Gold Project ("Wolf" or "Wolf Shear Zone") where anomalous gold values were
intersected in each of five holes drilled in 2021 (see February 4
th,
2022 press release).
Mineralization at Lewiston-Miz is believed to be associated with multi-kilometre long, north to
northeasterly trending shear zones. Soil geochemistry along these structures at Lewiston-Miz presents
much stronger anomalies for gold ("Au"), copper ("Cu"), silver ("Ag"), arsenic ("As"), bismuth ("Bi") and
tellurium ("Te") than at Wolf. The mineralized zones at Lewiston-Miz occur within chlorite and epidote
altered metagreywacke and quartzite and lay directly east of a north-striking quartz diorite dyke. A large
Archean granite intrusive; the Lewiston Lakes Pluton, and a large regional fault; the Diamond Springs
Fault, are less than 1 km to the east.
CEO Wes Adams commented: "Surface gold and copper grades accompanied by strong geochemical
anomalies along 3 km of strike at Miz clearly represent a new top priority drill target for Visionary.
Impressive results from our regional exploration programs have now identified several new targets
associated with the Miner's Delight Formation and other nearby areas within this portion of the Wyoming
Craton, including the Wind Hill target located adjacent to Wolf, which we also plan to test.
We will
continue to provide updates on new targets as we work toward an exciting summer drill program, for
which we have already secured a drill rig."
Visionary has recently staked new claims in the Lewiston-Miz area, which now includes 214 contiguous
claims, covering approximately 4280 acres.
Planning and permitting of drillholes to test the Lewiston-Miz shear structure have commenced and
drilling is expected to take place this summer and fall 2022.
2021 Exploration Summary
During the 2021 exploration campaign, a total of 1,011 core samples, 624 rock samples and 3,211 soil
samples (85 line km) were taken across the Company's claims in the Lewiston Mining District. The core
samples came from 5 holes drilled in the Wolf Shear (see PR with date November 19, 2021 and
February 4, 2022).
Wolf and Wind Hill
The drilling program at Wolf (see PR dated February 4, 2022) revealed the existence of several
mineralized zones associated with sub-parallel shear zones and/or highly deformed and
metamorphosed greywacke belonging to the Miner's Delight formation. The mineralized zones present
strong to moderate chloritic alteration, silicification, and/or an increase in quartz veinlets. The
mineralized intervals and the lithologies intercepted are illustrated in Figure 1.
Figure 1: Wolf drillhole plan map and vertical drillhole long section showing lithology and gold
assay results
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4047/117951_055ba63d84a37a66_002full.jpg
Further exploration work revealed a mineralized zone located approximately 700 metres northwest of
Wolf (see PR November 19, 2021) where rock samples have yielded assay values up to 2.82 grams per
tonne ("g/t"), 1.71 g/t and 1.66 g/t gold respectively within old mine working and outcrops. This area,
Wind Hill, appears to be geochemically similar to the Wolf, where anomalous gold, arsenic and antimony
are associated with mapped shears, and display moderately elevated electrical chargeability. The shear
zones at Wind Hill are strongly deformed and contain high concentrations of iron oxide. The 2021 drilling
confirmed continuous low-grade gold mineralization along strike at Wolf. Follow-up drilling in 2022 will
test for ore shoots within the Wolf Shear Zone as well as testing for mineralized cross-cutting structures
and ladder veins that have been identified by mapping and sampling as potential hosts for the higher-
grade mineralization.
Lewiston-Miz Targets
Drilling will focus on north to northeast trending mineralized shears that contain highly anomalous levels
of Gold, Silver, Copper, Arsenic, Antimony, Tellurium and Bismuth, immediately adjacent to intrusive
quartz diorite, tonalite and other mafic dykes. Additional structural mapping, rock and soil sampling will
also be included as part of the exploration program.
A map of the Lewiston-Miz land tenure with sample locations is shown below in Figure 2. The stars
represent significant historic mine workings.
Figure 2. Visionary Gold Corp's land tenure in the Lewiston Gold District, Fremont County,
Wyoming
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4047/117951_visionaryfigure2.jpg
Table 1. Select rock samples results from the Lewiston-Miz Area
Sample ID
Au (g/t)
Cu %
Ag (g/t)
VGR000133
11.45
1.55
5.42
VGR000136
5.38
4.52
13.05
VGR000132
4.35
3.52
2.43
VGR000131
3.68
2.11
2.11
VGR000134
1.88
0.20
0.58
VGR000130
1.63
1.05
1.69
VGR000129
1.27
0.968
1.77
VGR000138
1.08
3.9
3.29
VGR000147
0.99
0.299
2.22
VGR000137
0.62
3.27
1.41
VGR000135
0.51
3.18
72.3
VGR000128
0.19
0.12
0.28
VGR000631
0.01
0.687
1.03
VGR000632
0.01
0.343
3.19
VGR000650
2.4
1.24
3.47
VGR000647
1.96
0.857
2.86
VGR000040
1.57
0.52
3.24
VGR000648
1.46
1.25
6.12
VGR000651
1.39
3.28
28.2
VGR000138
1.08
3.9
3.29
VGR000649
1.03
2.94
3.48
VGR000137
0.62
3.27
1.41
982351
0.553
No data
1.64
VGR000072
0.46
0.502
34.5
982352
0.378
0.98
1.29
Geologically, the Lewiston-Miz targets are located within the Miner's Delight formation and, much like the
Wolf and Wind Hill shears, are strongly deformed. The samples thought to be most representative are
VGR000130 and VGR000131 with grades of 3.68 grams per tonne ("g/t") Au, 1.05 percent Cu and 1.63
Au g/t Au and 2.11 percent Cu, respectively. These samples were collected adjacent to old mine
workings near the contact with a quartz diorite dike that strikes north-south. The geochemical anomalies
(Figure 3 and Figure 4 below)
appear to be associated with the intrusive dike, within Archean schist and
amphibolite.
Figure 3: Wolf-Wind Hill and Lewiston-Miz Gold Geochemical Anomalies
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4047/117951_visionaryfigure3.jpg
Figure 4: Mosaic maps for Wolf-Wind Hill and Lewiston-MIZ: Ag, Cu, Bi and geology.
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/4047/117951_055ba63d84a37a66_008full.jpg
Quality Assurance/Quality Control (QA/QC) Technical Disclosure
Drill Core QA/QC
Drill core (HQ ~63.5 millimetres) was geologically logged with samples defined based on observed
geological features. Sample intervals were cut in half with a core saw with on half placed in a sample
bag and the other retained in the core box for reference. Samples were batch shipped from Visionary's
secure logging facility to ALS Global laboratory (ISO/IEC 17025:2017 accredited) in Reno, NV, or
American Analytical Services Inc. (ISO 17025:2005 accredited) in Osburn, ID. A QA/QC program using
the insertion of blanks, duplicates and certified reference materials was maintained throughout the
program.
Soil Samples QA/QC
Soil samples were collected by hand using long nosed shovels from C horizon soils where possible. The
nature of the terrain and significant outcrop produces poor quality soil that is often very shallow.
Approximately 0.5 kilograms of soil sample was collected; organic material and gravel were removed
from the sample. Samples were kept at the Company's secure, locked storage facility until shipped
direct to ALS Geochemistry's preparation laboratory in Elko, NV. Soils were then dried at 60 degrees
Celsius and sieved to 180 microns (80 mesh). Twenty-five grams of sample is digested with Aqua Regia
and analyzed by ICP-MS. Multielement analysis for was carried out by ALS Geochemistry of Reno, NV
(Code: AuME-ST43), a super trace multielement package that analyzes for 53 elements including Au,
platinum ("Pt") and palladium ("Pd").
QA/QC included the following: industry certified standards were inserted into the sample stream along
with analytical blank material at the Company's secure facility; sample duplicates were collected in the
field. 153 QA/QC samples of 3211 total soil samples were applied to the sample stream, or
approximately 5 percent.
References
Hausel, D. 1991. Economic Geology of the South Pass Granite-Greenstone Belt, Southern Wind River
Range, Wyoming; Report of Investigations No.44, The Geologic Survey of Wyoming, 1991.
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
The scientific and technical information in this announcement as it relates to exploration results at the
Lewiston-Miz Project is based on information reviewed by Mr. Alan Roberts.
Mr Roberts (MSc: Mineral
Exploration & Geophysics) is a Senior Consultant to Visionary Gold Corp. and is a Certified
Professional Geologist (AIPG: CPG#11260) through the American Institute of Professional Geologists
(AIPG), an organization whose members are recognized as Qualified Persons pursuant to NI 43-101.
Mr Roberts has sufficient experience in the exploration and development of the style of mineralisation
under consideration to act as a Qualified Person as defined in the "NI 43-101 Standards of Disclosure
for Mineral Projects, dated June 24, 2011". Mr Roberts consents to the inclusion in this
announcement of the matters based on his information in the form and context in which it appears. Mr.
Roberts is an independent consultant to 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 drilling and exploration progress.
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.
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