Green River Gold CEO Perry Little said, "About 45 percent of our waste rock is a marketable commodity. The economics become very compelling.”
Green River Gold Corp. President, Director & CEO Perry Littleyoutu.be
Green River Gold (CSE:CCR) is exploring for gold and other minerals in the prolific Cariboo gold district in BC, Canada. Green River Gold CEO Perry Little talked about the fully owned Fontaine Lode gold project, which is contiguous to Osisko Development's Cariboo gold project and the Quesnel nickel-talc-magnesium project.
“Our gold project is what originally got us going, and we're very excited about that,” Little said. "We'll be doing a bunch of work on the gold this year, like geological mapping and soil sampling. We think we've got a very compelling gold story. We're right on the main trend that goes on to Osisko. There's a fault that flows down through our property and through Karis gold."
With the ongoing exploration plans on the Fontaine Lode gold project, Green River Gold discovered an old talc deposit and some nickel. “We decided to extend the area that we staked a little bit to the north and west, and there's a 93 square kilometer property that is really more prone to nickel, probably, than gold. Although you never know what you're going to find out there. It's complex geology.”
Green River Gold acquired some of the claims that had some talc potential on them, according to Little. He added that there’s a huge amount of talc that runs over about a 1.4 kilometer stretch of a fairly long and skinny orebody.
“We don't know how deep it is yet. We're just testing that now. But it's a very significant amount of talc. It ranges anywhere from 15 percent to about 95 percent. It's unusual for data to contain a bunch of other minerals. Last summer, we shot a UAV MAG survey on the property to try to identify if there might be some nickel eyelets.”
In June this year, Green River Gold identified another mineralized talc outcropping 600 meters southeast of the current drilling location.
“The potential economics of a talc body that contains a bunch of other minerals is significant. If you look at the near surface, there are potential nickel deposits. Like most nickel mines, they're going to generate a lot of waste rock. I don't mean to compare except to the extent that we have talc. About 45 percent of our waste rock is a marketable commodity. The economics become very compelling.”
Watch the full interview of Green River Gold CEO Perry Little above.
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