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Relevant Gold Reflects on Milestone Year in 2024 and looks to 2025
NYSE - LSE
Relevant Gold Reflects on Milestone Year in 2024 and looks to 2025
VANCOUVER, BC / ACCESS Newswire / January 30, 2025 / 2024 was transformative for Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold"), marked by strong corporate growth and positive technical results which underscore the Company's commitment to creating long-term value through systematic exploration, strategic partnerships, and corporate initiatives.
Key 2024 Highlights:
Strengthening the shareholder base through strategic investments by Kinross Gold Corp. ("Kinross"), who purchased a partially diluted 9.9% interest, and Mr. William Bollinger who became an insider to the Company in December and has increased his position to a 16.67% interest.
Mr. Bollinger commented: "It is my belief that the issuer, led by Rob Bergmann and Brian Lentz, is on the cusp of opening up district-scale gold projects in Wyoming. This substantial common share purchase is a mark of my confidence in this talented team and the highly prospective potential of this underexplored and untapped resource."
Boosting the technical leadership team by establishing a Technical Committee as part of the Kinross strategic investment.
Receiving regional geophysical results identifying critical structural features that highlight orogenic gold systems in Wyoming (see release):
A ~200 km belt-scale feature linking the Company's portfolio of projects at South Pass and Bradley Peak and,
Revealing a prominent 100 km2 anomaly at Bradley Peak.
The Apex Zone at Bradley Peak was mapped over 2.5 km along strike and consists of parallel mineralized shear zones highlighted by rock chip samples of 46.8 g/t Au, 7.8% Cu, and 2% Zn (see release). This high-grade target sits in the center of a 100 km2 geophysical anomaly and is a primary drilling target for 2025 (Figure 1).
Drilling at Lewiston identifies a large orogenic gold system as 16 of 17 drill holes in two drill programs totaling 2,600 m intersected gold mineralization from near surface to approximately 175m vertical depth (see releases for Heavy Hand and Burr results). These shallow gold discoveries include numerous parallel, near-vertical shear zones returning assays including 2.2 g/t Au over 1.5 m and broad mineralization halos highlighted by 23 m averaging 0.13 g/t Au (Figure 2).
Doubling the land position at Bradley Peak, through BLM claim staking and state leases while only adding ~$20,000 in annual holding costs.
Reducing overall property burn rate by approximately 30% by >purchasing a 100% interest in the Golden Buffalo project, eliminating $16.2M USD in calendar-driven payments.
Bolstering local Wyoming leadership team by adding Jerome Hutchison as Community Advisor and Site Supervisor and Jacob Tyra as Operations Manager.
"Relevant Gold is poised for a transformative year in 2025 after 2024's strategic growth and disciplined execution continue to demonstrate that Wyoming has untapped world-class gold potential," said Relevant Gold CEO Rob Bergmann. "Relevant Gold is achieving positive share performance by delivering on our vision and positioning the company for long-term growth, and with strengthening investor confidence, a clear exploration strategy, and a growing portfolio of high-grade assets, we eagerly face the upcoming field season."
These developments outlined above underscore Relevant Gold's commitment to advancing its exploration projects systematically, enhancing shareholder value throughout 2024, and allowing the Company to begin focusing on drilling its most compelling targets in 2025, starting with Apex at Bradley Peak.
Figure 1: (Left) Plan view map illustrating high-grade gold and copper assays from 2024 sampling programs at the >2.5 km-long Apex Target zone within the central Bradley Peak Gold Camp. (Right) Regional RTP magnetic map over the Bradley Peak Project illustrating the location of Apex at the inflection point of a 100 km2 regional anomaly.
Figure 2: (Left) Plan view geology map and cross-section of the Heavy Hand target illustrating drilling results for 11 holes totaling 1,500 m. (Center) Plan view geology map of the Lewiston Project area with surface rock chip results for gold and arsenic displayed and the location of the 2023 and 2024 drilling programs. (Right) Plan view geology map and cross-section of the Burr target illustrating drilling results for 6 holes totaling 1,000 m.
Relevant Gold has ambitious plans for 2025 to capitalize on its momentum:
Expand Drilling Programs:
Bradley Peak: Permit and initiate a 5,000 m drilling program at the Apex Zone to test the structural architecture, alteration profile and high-grade gold, copper, and zinc mineralization below the surface.
South Pass Gold Camp: Design and prepare Phase 2 -drilling at Lewiston and Golden Buffalo for late 2025 or 2026 to follow up on 2023-2024 drilling discoveries.
Lewiston:
Burr Target: Test depth and strike-length of mineralized shear panels.
Heavy Hand Target: Design a program of step-out and deeper drilling to test below the oxide cap.
Golden Buffalo:
Geologic mapping and sampling of the western GBSZ 3.5 km2 soil geochemical anomaly.
Design follow-up drill program to test the high-grade discovery at GBM trench.
Advanced Geophysical Surveys: The Company plans advanced geophysical surveys to better understand geologic controls, alteration, and structures related to mineralization and inform Phase 2 drilling at Lewiston and Golden Buffalo and also assess regional potential at Bradley Peak.
Airborne VTEM at Bradley Peak to more rapidly identify targets lying up to 400 m below the surface.
IP/MT surveys at South Pass to improve subsurface understanding.
Continued Systematic Regional Exploration:
Integrate data from South Pass and Bradley Peak targets into the broader exploration model.
Conduct regional geochemical and geophysical surveys over newly acquired land at Bradley Peak.
Identify and prioritize additional drill-ready targets in South Pass and Bradley Peak.
Detailed mapping and sampling planned at Bradly Peak and Windy Flats to improve understanding of high potential areas and eliminate property that doesn't meet our criteria for district-scale orogenic gold opportunities.
Reconnaissance evaluation of underexplored areas in Wyoming identified by the team.
"Apex came into focus as the primary target for our 2025 drilling campaign thanks to significant positive technical results generated through systematic 2024 exploration," said Relevant Gold CXO Brian Lentz. "Combining Apex with exciting new drilling discoveries at Lewiston and regional reconnaissance expands our list of high-grade targets across the Company's 20,000+ hectare portfolio."
The Company is delighted to see its belt-scale thesis throughout Wyoming to continue to strengthen and will remain focused on diligently executing its tactical strategies to bring a major discovery to light.
Qualified Person Statement
The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz, CPG #11999, Chief Exploration Officer of the Company, who is a "Qualified Person" as defined by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Lentz is not independent of the Company.
About Relevant Gold Corp.
Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation. Relevant Gold is focused on the acquisition, exploration, discovery, and development of district-scale gold projects in the state of Wyoming - one of the most mining-friendly jurisdictions in the United States and globally.
On behalf of Relevant Gold Corp.,
Rob Bergmann, Chief Executive Officer
More information
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information about Relevant Gold Corp. or this news release, please visit our website at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher Jensen, Manager of Investor Relations, at 763-760-4886 or by email at [email protected].
Cautionary Note Regarding Forward-Looking Statements and Historical Information
This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws. These statements relate to future events of Relevant Gold Corp. ("Relevant" or "Relevant Gold" or "the Company"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz, CPG #11999, Chief Exploration Officer of the Company, who is a "Qualified Person" as defined by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Lentz is not independent of the Company.
SOURCE: Relevant Gold Corp.
View the original press release on ACCESS Newswire
S.Cloutier--SMC
