Relevant Gold Lists on TSX Venture Exchange and Outlines 2023 Exploration Plans - Seite 2

A 1,500-metre core drilling program is planned for this year within the northern Lewiston project area. The Heavy Hand and Northstar areas are previously undrilled targets lying along a 2-kilometer long, 500-meter-wide corridor laced by multiple mineralized shear zones. Numerous rock-chip samples in this area have returned high-grade gold assays (ranging from below detection limit to 62.4 g/t gold) from the surface. This initial drill program is designed as a proof-of-concept program to test: A) alteration and mineralization profiles between sub-parallel shear zones; B) depth to sulfide mineralization below the oxidized zone; C) structural architecture of shears; and D) occurrence of shear-parallel and cross-cutting extensional quartz-sulfide veining (Figure 1).

Foto: Accesswire

Figure 1. Left: Bedrock geology and Au-As rock chip geochemistry map of the "Heavy Hand" area of Relevant Gold's Lewiston Property; Right: Conceptual drill target cross-section.

The Company has begun follow-up mapping and rock chip sampling at Golden Buffalo East and West where mapping completed during the 2022 exploration program identified the interpreted offset extensions of the mineralized Golden Buffalo Shear Zone (GBSZ) (Figure 2).

Foto: Accesswire

Figure 2. Map illustrating the primary Golden Buffalo Shear Zone (GBSZ) and interpreted extensions to the west and east identified during the 2022 mapping program where work is focusing in 2023.

"2022 exploration proved the Golden Buffalo Shear Zone is a fertile orogenic shear zone with high-grade gold at surface and at depth. Identifying the potential offset extensions both East and West of the main zone is very encouraging and could extend the total strike length to more than 6 km," said Brian Lentz, Chief Exploration Officer.

In addition to the work planned at Golden Buffalo and Lewiston, the Company is increasing exploration coverage across its entire portfolio of assets. The 2023 regional work program has a strong emphasis on rock and soil sampling combined with geologic mapping and geophysics to generate drilling targets for 2024.

Summary of Prior Exploration Work

As part of the TSX-V listing requirements, the following summarizes work completed since May 18, 2022; the effective date of both the Golden Buffalo and Lewiston 43-101 technical reports. The approximately C$3 million 2022 exploration program included 3,500 metres of core drilling and trenching at Golden Buffalo as well as regional mapping and sampling. The primary goal was to identify similarities between the shear-zone hosted gold mineralization at Golden Buffalo and classic Abitibi-style "orogenic" gold mineralization and to identify additional high-potential shear zone targets in the company's 15,095 ha land position in the long underexplored central Wyoming Gold Belt .