Exploration And Drilling Program Discover New Orogenic Shear Structures At South Pass Gold Field

VANCOUVER - Relevant Gold Corp. (RGC) announced the successful completion of the 2022 field-based exploration on its 15,095-hectare South Pass Gold Field, Wyoming properties. Highlights include: (1) Discovery of 13 new prospective orogenic shear structures totaling over 15 km of strike length, and (2) Completion of a 3,478 meter (m) diamond core drilling program on its Golden Buffalo project, located approximately 10 kilometers (km) east of the historic Atlantic City/South Pass City gold mining district in Fremont County, WY, USA. Assays are pending and expected in early 2023 based on expected lab processing times.

Relevant Gold also completed a mapping and rock chip sampling program at the Golden Buffalo, Windy Flats, and Shield-Carissa project areas. Assays are pending. The mapping and sampling program identified 13 new prospective orogenic shear structures for a total composite strike length of 15.5 km of new quartz vein-rich shear zones, expanding the Company's portfolio of quality targets across its large land package. This mapping work identified numerous geologic features consistent with orogenic shear-hosted gold terranes observed in the Abitibi and other Archean gold belts globally, advancing the Company's overarching thesis that connects Wyoming to the Abitibi during the time of gold mineralization.

"We are very excited to have discovered 15 kilometers of previously unrecognized regional-scale shear zones laced with the kind of abundant quartz veining we look for in shear-hosted, or orogenic, gold systems and look forward to incorporating these intriguing new zones into next year's exploration and drill planning," said, Rob Bergmann, CEO. "We are also very pleased to have safely completed our inaugural drilling campaign and eagerly anticipate the assay results."

The focus of all regional field work to date by Relevant Gold in the South Pass granite-greenstone terrane has been on deciphering the geology, structural architecture, and potential for orogenic gold mineralization within the Archean supracrustal rocks of the South Pass granite-greenstone terrane. Based on the Company's underlying thesis connecting Wyoming to the well-known Abitibi Terrane, this work continues to check the key criteria for orogenic shear-hosted opportunities of scale.

The Company mobilized a drill rig in July, to undertake a 4,000 m diamond drilling program specifically designed to test the Golden Buffalo Shear Zone (GBSZ) and related surface mineralization at depth and along strike, as well as test for parallel shear zones north of GBSZ identified via 2021 surface mapping. The 20 m wide anastomosing GBSZ was first excavated in 2020 by the previous operator, Golden Buffalo Mining (GBM), where GBM exposed and reportedly excavated approximately 400+ ounces of high-grade gold mineralization, including visible coarse (bonanza style) gold, out of the quartz vein rich GBSZ.

The Company completed 26 holes for a total of 3,478m of both HQ and PQ oriented diamond core drilling aimed at supplying the Company with subsurface data necessary for vectoring towards an opportunity of scale. Early inclement weather caused the Company to finish the drilling just short of the targeted 4,000 m. Relevant Gold's technical team will focus on analyzing and compiling the drill core data as the Company awaits final lab results.

The Golden Buffalo Shear Zone (GBSZ) was explored in detail in 2022 through mapping (1:200 scale) and sampling of several newly excavated North-South (73 m) and East-West (32 m) oriented trenches that exposed the 20 m wide shear zone and revealed several thin (<0.25 m) oxidized hematitic quartz veins with visible gold. Also exposed were important stratigraphic contacts between newly identified sub-units of the regional host-Miner's Delight Formation. Detailed mapping and sampling of both new N-S and new and existing E-W trenches continues to refine the Company's understanding of surface mineralization, alteration, and structural controls at the Golden Buffalo project and informs the company's observations of the drill core.