Visionary Mobilizes Rig to Commence Historic First Ever Drill Program at Wolf Gold Project in Lewiston Gold District
Visionary Mobilizes Rig to Commence Historic
First Ever Drill Program at Wolf Gold Project
in Lewiston Gold District
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2021) - Visionary Gold Corp. (TSXV:
VIZ) ("
Visionary
" or the "
Company
") is pleased to announce that it has received all necessary federal
and state authorizations for its 3,500 metre (m) drill program at its 100% owned Wolf gold project in
Fremont County Wyoming. Equipment is currently being mobilized and drilling is expected to commence
immediately. This initial drill program is designed to test up to 1 kilometre (km) of a 2.5 km surface gold
anomaly that is believed to be associated with the Wolf shear zone, where Visionary sampled 5.19
grams per tonne (g/t) over 10.25m including 39.19 g/t over 1m in a channel sample across the strike of
the shear.
Visionary CEO Wes Adams comments, "Permitting the first ever drill program in the Lewiston Gold
District is an important milestone for Visionary and we are excited about our targets at the Wolf Gold
Project. We are thrilled with the quality of work being done by our exploration team and are looking
forward to being the first company to drill in this historically productive gold district. We look forward to
providing updates on drilling at Wolf as well as summarizing exploration progress on both new and
existing prospects in the coming weeks and months."
Additionally, Visionary is granting 1,000,000 options including 150,000 to investor relations consulting
firms and 50,000 to insiders of the Company at an exercise price of $0.195 CDN per Option. Options
vest as to 25% on each of the date of grant and the three, six and nine month anniversaries of the grant
date. The Options expire on August 4th, 2023.
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 a 50 square kilometre land package with numerous high
potential, 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 commencement of the
Company's drilling program at the Wolf Gold Project and further updates regarding exploration progress
in the coming weeks. 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
general business, economic and regulatory risks; capital and operating costs varying significantly from
management estimates; 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 as a result 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/92027