Reliant Gold Corp. ("Reliant" or the "Company") (TSX VENTURE:REC) is pleased to
announce that Probe Mines Limited ("Probe") (TSX VENTURE:PRB) has commenced
exploration on the Company's 100%-owned Borden Lake South Property (the
"Property"), for which Probe has entered into an option agreement to acquire up
to a 70% interest. The exploration program entails the diamond drill testing of
favorable coincident ground IP and magnetic targets located in the north east
part of the Property. The Property is comprised of 20 mining claims representing
294 claim units covering approximately 4,704 hectares and is located 10
kilometres east of the town of Chapleau in Northeastern Ontario and two
kilometres south of Probe's Borden Lake gold discovery.


The exploration program will comprise approximately 1,500 metres of drilling and
test up to 10 priority targets identified from the geophysical survey. The
program represents the first drilling ever to be undertaken on this Property.
The drill targets were selected from a larger group of anomalies, based on
character and strength, and will test a significant section of the stratigraphy
to the south of Probe's Borden Lake gold discovery. Surface prospecting suggests
that the Property shares many geological similarities to the area hosting
Probe's Borden Lake gold zone, and therefore has potential to host similar gold
mineralization. Results from the current program will be used to develop further
exploration programs on the Property.


Dr. Trevor Boyd, Ph.D., P.Geo., a Qualified Person as defined by National
Instrument NI 43-101 ("NI 43-101") and Vice-President of Exploration for
Reliant, has reviewed the technical information contained in this press release
in compliance with NI 43-101. 


ABOUT RELIANT 

Reliant is a junior mineral exploration company with an experienced management
team engaged in the acquisition, exploration and development of properties for
the mining of precious and base metals and uranium. The Company holds: (i) an
option to acquire a 100% interest in the MC Dalhousie Property located in
northwestern British Columbia, Canada; (ii) an option to acquire a 100% interest
in the North Nonacho Property in the vicinity of Nonacho Lake, Northwest
Territories, Canada; and (iii) a 100% interest in the Borden Lake South
Property, comprised of 20 mining claims representing 294 claim units covering
approximately 4,704 hectares, located 10 kilometres east of town of Chapleau,
Ontario. The common shares of Reliant trade on the TSX Venture Exchange under
the stock symbol "REC". 


FORWARD-LOOKING STATEMENTS 

Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Reliant
or the industry in which it operates to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, the words
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", the negative thereof or other variations thereon or comparable
terminology are intended to identify forward-looking statements. Such statements
reflect the current expectations of the management of Reliant with respect to
future events based on currently available information and are subject to risks
and uncertainties that could cause actual results, performance or achievements
to differ materially from those expressed or implied by those forward-looking
statements. These risks and uncertainties are detailed from time to time,
including, without limitation, under the heading "Risk Factors", in Reliant's
prospectus and in other continuous disclosure documents that will be filed by
Reliant from time to time with the Ontario Securities Commissions which are
available at www.sedar.com and to which readers of this press release are
referred for additional information concerning Reliant, its prospects and the
risks and uncertainties relating to Reliant and its prospects. New risk factors
may arise from time to time and it is not possible for management to predict all
of those risk factors or the extent to which any factor or combination of
factors may cause actual results, performance and achievements of Reliant to be
materially different from those contained in forward-looking statements.
Although the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions, Reliant cannot
assure investors that actual results will be consistent with these
forward-looking statements. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a prediction of
actual results. 


The forward-looking information contained in this press release is current only
as of the date hereof. Reliant does not undertake or assume any obligation,
except as required by law, to release publicly any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. 


No securities commission or regulatory authority has approved or disapproved the
contents of this press release.


Record Resources (TSXV:REC)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Record Resources.
Record Resources (TSXV:REC)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Record Resources.