Reliant Gold Corp.
TSX VENTURE : REC

March 03, 2011 09:23 ET

Reliant Gold Completes VTEM Airborne Survey at its Borden Lake South Gold Property

TORONTO, ONTARIO--(Marketwire - March 3, 2011) - Reliant Gold Corp., formerly REC Minerals Corp., ("Reliant" or the "Company") (TSX VENTURE:REC) is pleased to announce that it has completed a VTEM (helicopter-borne versatile time-domain electromagnetic) geophysical survey over its recently acquired 11,520 acre Borden Lake South gold property ("Borden Lake South" or "Property"). The Property is situated near Chapleau, in northeastern Ontario, and is located approximately 2 km south of Probe Mines Limited's Borden Lake property. In November 2010, Probe Mines Limited announced a gold discovery at its Borden Lake property. 

The VTEM airborne survey was carried out in order to investigate the mineral potential of the Borden Lake South gold property. Reliant is in the process of reviewing the preliminary results from the survey and identifying a number of conductive anomalies being considered for follow-up ground geological investigation and inverse polarization (IP) surveys.

"We hope that the follow-up ground IP, combined with the results of the VTEM survey, will lead to prospective drill targets at Borden Lake South", stated Kabir Ahmed, Chairman, President and Chief Executive Officer of Reliant.

Trevor Boyd, P.Geo., a qualified person as defined by National Instrument 43-101 ("NI 43-101"), Vice President of Exploration and a member of the board of directors of Reliant, supervised the preparation of the technical information contained in this press release in compliance with NI 43-101. 

ABOUT RELIANT GOLD CORP.

Reliant Gold Corp., formerly REC Minerals Corp., 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 Corporation holds an option to acquire a 100% interest in the MC Dalhousie Property located in northwestern British Columbia, Canada; an option to acquire a 100% interest in the North Nonacho Property in the vicinity of Nonacho Lake, Northwest Territories, Canada; and an option to acquire a 100% interest in the Esten Property located 10 km south of Elliott Lake, Ontario, Canada. Reliant also holds a 100% interest in the Borden Lake South Property, comprised of 293 claims located 10 km east of the town of Chapleau, Ontario. The common shares of Reliant trade on the TSX Venture Exchange under the stock symbol "REC". The Company has 16,725,000 common shares issued and outstanding.

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 continuous disclosure documents filed by Reliant from time to time with the Ontario, British Columbia and Alberta 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Reliant Gold Corp.
    Kabir Ahmed
    Chairman, President and Chief Executive Officer and Director
    (416) 365-6580
    (416) 946-1951 (FAX)