According to past geologic reports, sampling in the 1980s yielded assay results of 1.29 oz per tonne gold and 3.05 oz per tonne gold across a 0.76 metre vein exposure within the mine workings, which illustrates the potential for high-grade gold mineralization.
Additionally, during the term of the Agreement, a 4% net smelter returns royalty is payable to the current owners of the property; however Visionary has the right to buy down the royalty to 2% for USD $2,000,000 per percentage point.
Visionary CEO, Wes Adams comments: “We are pleased that the 2021 exploration season is upon us and are excited to be kicking it off by adding another very compelling gold target with high grades reported in near-surface veins.
is a Vancouver-based mineral exploration company focused on precious metals discovery and development in the historically productive Lewiston gold district of Fremont County, Wyoming.
Such factors include, but are not limited to capital and operating costs varying significantly from management estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; inflation; fluctuations in commodity prices; delays in the development of projects; and the other risks involved in the mineral exploration and development industry generally.