Regional Magnetics Survey Highlights Major Anomalies at Relevant Gold's Bradley Peak and South Pass Gold Camps - Seite 2

Foto: Accesswire

Figure 1. Modified Geologic map of Wyoming (Love and Christiansen, 1985) with the vertical derivative of the 2023 airborne magnetics survey overlain (geophysics data published by USGS, 2024).

Foto: Accesswire

Figure 2. Regional airborne magnetic vertical derivative interpolation map (geophysics data published by USGS, 2024) with major structural features, high-grade targets, and the Company's two primary gold camps highlighted.

About the Survey
This survey was funded jointly by the State of Wyoming and the US Geological Survey as part of the Earth Mapping Resources Initiative (aka Earth MRI) and is the first of three regional aerial geophysical surveys being conducted in Wyoming (figure 1).

Magnetic and radiometric data was collected over approximately 3,300 square miles (~854,000 hectares) in central Wyoming using 200m spaced flight lines-it includes Relevant Gold's entire ~16,000 ha landholdings (Press Release - May 24, 2023). Airborne geophysical surveys are commonly employed in gold-bearing Archean terranes like the Abitibi of Canada. The technique can "see" through extensive cover and reveal remarkable details of the major geology and structural trends that control gold mineralization. Data produced from the Wyoming survey provides a much clearer picture of the geology and highlights targets within both the South Pass and Bradley Peak gold camps (figures 1 and 2).

The magnetic survey data provides clear resolution on the nature and extent of major Archean crustal-scale structures and highlights important related secondary structures. Understanding these structural features is critical in gold exploration as they are the primary controls for orogenic gold emplacement. Some of the most notable geophysical signatures within the survey highlight the South Pass and Bradley Peak areas (figure 2). This high-resolution geophysical data ties very well to the detailed mapping completed by the Company in both gold camps where regional geologic data is limited.

In 2023, the company completed an initial mapping and rock chip sampling program at Bradley Peak identifying 3 new district-scale targets. The rock chip sampling returned high-grade results, highlighted by 5.3 g/t Au, 107 g/t Ag, and 6.25% Cu (see full Press Release - Nov 7, 2023). The geophysical survey outlines the structural trap for these targets in the center of a major 100 km2 anomaly (figure 3). The survey illustrates a very large (100 km2) fold hinge structure developed off the crustal-scale Oregon Trail Structural Belt affecting Archean rocks including, iron formation, mafic greenstones, mafic intrusives, felsic intrusives, komatiites, and others. This rock assemblage and type of structure is known as the primary host for numerous gold deposits in the Abitibi, with strong similarities to the Red Lake district and Hemlo districts.