Green River Gold Corp. Achieves XRF Results Averaging 0.197% Nickel Beginning at Surface in the Initial Hole Drilled on the Deep Purple Target at Quesnel

Green River Gold Corp. Achieves XRF Results Averaging 0.197% Nickel Beginning at Surface in the Initial Hole Drilled on the Deep Purple Target at Quesnel

 

Green River Gold Corp. (CSE:CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress at the 2022 exploration program at its Quesnel NickelMagnesiumTalc project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

 

Backpack diamond core drilling is underway at the one square kilometer outcropping known as the Deep Purple Target at the Company's Quesnel Nickel/Magnesium/Talc project. This drilling program will focus on the expansion of mineralization at the Deep Purple Target, near to where the 2021 maiden exploration drilling discovered broad intervals of elevated Nickel concentrations.

 

The first hole (Hole DD-22-05) is being drilled 420 meters north and closer to the center of the magnetic anomaly than the holes drilled in 2021. The hole has been drilled 11 meters deep so far and results from XRF testing show elevated nickel and chromium concentrations starting at surface, with nickel readings averaging 0.197% and chromium readings averaging 0.136%. These early readings are considerably higher than the XRF readings and the final assay results taken from the nine holes drilled in 2021. The XRF readings on those nine holes averaged 0.107% nickel and 0.116% chromium. Actual assay results from 2021 are shown in the table following the maps. Thus far, the material being drilled appears to consist of significant amounts of talc, somewhat similar to what was found in the holes drilled in 2021.

 

Perry Little, Green River's President and CEO, states, "We are very excited to see the higher nickel and chromium results in the XRF numbers so far. We were pleased with the results from the earlier drilling and these results represent a significant improvement over those earlier results. The UAV-MAG survey steered us toward this large outcropping and thus far, following those directions appear to be paying off. It is also encouraging to see that we still have this amount of talc in the drill core so far from the original drilling location. The combined economics of nickel and talc in one location are quite compelling."

 

The first phase of this year's backpack drilling program will consist of 10-12 holes, stepping out meaningfully up to 500 meters north and 2 km southeast, along the outcrop-defined target area. This year's hole locations were selected by using information from the 2021 drill results, ground magnetics, outcrop mapping, and outcrop sample Geochem and assay result. This year's step-out drilling at the Deep Purple Target is planned to build on the successful 2021 maiden exploration drill results.

 

The following table shows the meter-by-meter XRF results of Hole DD-22-05 from surface to a depth of 11 meters. Drilling is continuing and more holes are to be drilled immediately.

 
          
Hole IDDD-22-05
Easting574694
Northing5872438
NAD 83UTM Zone 10
Measurement UnitAverage Grade %
 

 

 
                                          
Depth (M)NiCr
0 to 1.0 meter0.2190.075
1.1 to 2.0 meters0.2040.105
2.1 to 3.0 meters0.1850.164
3.1 to 4.0 meters0.1600.159
4.1 to 5.0 meters0.1790.131
5.1 to 6.0 meters0.1670.145
6.1 to 7.0 meters0.1750.164
7.1 to 8.0 meters0.3550.154
8.1 to 9.0 meters0.1650.146
9.1 to 10.0 meters0.1630.111
10.1 to 10.9 meters0.1910.152



Grade Average0.1970.136
 

 

 

Note: The XRF data is taken as point values and will not represent the true grade of the samples assayed. The elemental data is highly dependent on the location of which the beam intersects the rock. The device used to take the data points is an Olympus Vanta C Series handheld X-ray fluorescence (XRF) and produces a beam spot diameter of up to 3mm. It is designed to achieve laboratory-quality results in the field and provides rapid and accurate elemental analysis and testing.

 

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Figure 1 Outcropping and Drill Location

 

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Figure 2 Outcropping and Drilling Locations

 

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In early July, the geological consulting company, Fargo Exploration Ltd., will conduct a series of geochemical sampling programs, including a soil sampling survey. The soil sampling grid has been set up with a 100-meter by 100-meter interval on the Deep Purple intensive magnetic anomaly. During the sampling program, exposed bedrock will be recorded and sampled. The director of Fargo Exploration, Tyler Tian, comments; "The soil sampling survey will help us understand the minerals that cause the strong magnetic anomaly and the mobility of minerals. It will benefit us to generate new drilling targets."

 

Kyle Townsend, Mine Manager for Green River Gold Corp. comments; "Given the positive 2021 maiden drill results and the size of the outcrop-defined target, we are very excited to test the expansion of the new discovery at the Deep Purple Target."

 

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Figure 3 Soil Sampling Grid Outline

 

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The maiden 2021 exploration drilling program consisted of 9 shallow holes drilled over exposed ultramafic rocks. These discovery holes returned broad intervals of Nickel and Magnesium mineralization. Assay results from the first 6 of those holes have been received and are presented in the table below as averages along the entire length of each drill hole.

 
                                             
Hole Number Depth (M) 
 Magnesium (%) 
 Nickel (%) 
 Chromium (%) 
Do-21-0115.2415.23%0.14650.1386
Do-21-0214.0015.27%0.14390.1579
Do-21-0316.76 15.27%0.1448 0.1703
Do-21-0418.2915.22% 0.1441 0.1624
Do-21-0517.6815.62% 0.1490 0.1629
Do-21-0616.1517.80% 0.1810 0.1573





Average of 6 holes
15.73% 0.15150.1582
 

 

 

Quesnel Nickel/Magnesium/Talc Project Highlights:

 

There are 3 BC MINFILE occurrences as follows:

 
  • 093A 013 - Sovereign Creek - developed prospect containing talc and magnesite, and a co-incident nickel sulfide showing.
  •  
  • 093A 130 - Sovereign - showings containing talc and nickel sulfides.
  •  
  • 093H 061 - R.T. - showing containing nickel, chromium, and cobalt.
  •  

Historical records indicate four widely separated areas of talc alteration along a 1.4- kilometer trend. Having discovered the presence of nickel in the talc mineralization in the area of Do-Do- Creek, the Company will be further investigating the other three known areas of talc alteration for the presence of nickel this season.

 

Fontaine Lode Gold Exploration Plan:

 

Last year, the UAV magnetic survey identified many anomalies in the area. This year, the exploration crew will take soil and rock samples from the area of those magnetic anomaly locations. Meanwhile, the vein structures, outcroppings, and mineral showings will be recorded and mapped. A backpack drill will be utilized to execute strategic drilling on the outcrops to investigate for occurrences of mineralization. The project geologist will summarize the previous historical mining activities and exploration records and plotting all the records on map, to verify the historical records during the 2022 field season.

 

Qualified Person:

 

Stephen P. Kocsis is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.

 

About Green River Gold Corp.

 

Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned high-grade Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project, and Kymar Silver Project which are located in renowned mining districts in British Columbia.

 

The Fontaine and Quesnel properties straddle an 18 km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.

 

The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,625 hectares, along the southeast flank of Mount Catherine.

 

For more information contact:

 

Green River Gold Corp.
Mr. Perry Little - President and Chief Executive Officer perry.little@greenrivergold.ca
780-993-2193

 

Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedar.com.

 

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.

 

In addition, the forward- looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

 

The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

 

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129088

 

 

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 PRESS RELEASE HIGHLIGHTS: 
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  2.  
  3. Elevated gold mineralization has been identified in DH-24-01, with gold grades reaching up to 0.761 grams per tonne.
  4.  

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Finlay Minerals Ltd . (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF), the "Company", is pleased to announce that the approved budget under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") 1 for both the PIL and ATTY Projects, has been increased to a total of $3.6 million .

 
 

  Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.) 

 

Both projects are situated in the highly prospective Toodoggone District of British Columbia , which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

 

Initially, the 2025 budget was set at a minimum of $750,000 for the PIL property and $500,000 for the ATTY property. However, these amounts have now been revised to up to $2.6 million for the PIL project and up to $1.0 million for the ATTY project. Both programs are fully funded under the Earn-In Agreements with Freeport . According to these agreements, Freeport may earn an 80% interest in each property by investing a total of $35 million in exploration expenditures and making cash payments totaling $4.1 million over/up to six years.   2 Until the Finlay-Freeport Earn-In Agreements complete, Finlay owns 100% of both properties.

 

The PIL   Property lies in the heart of the Toodoggone region and features several porphyry copper-gold (Cu-Au) targets, along with associated epithermal gold-silver (Au-Ag) mineralization.  To date, 18 porphyry Cu ± Mo ± Au and porphyry-related low- and high-sulphidation epithermal Au-Ag occurrences have been outlined on the PIL Property. The PIL property is adjacent to Amarc Resources and Freeport-McMoRan's JOY Project, as well as TDG Gold Corp.'s Shasta/Baker and Sofia Properties. It is also situated 25 kilometres ("km") northwest of Centerra Gold's former Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

 

The ATTY Property covers 3,875 hectares of sub-alpine terrain in the southern Toodoggone region, an area known for significant porphyry copper-gold (Cu-Au) and epithermal gold-silver (Au-Ag) deposits. It is located between Centerra Gold's Kemess Project and the JOY Project, held by Amarc Resources and Freeport-McMoRan. The KEM target on the ATTY Property resembles the Kemess North Trend, which is home to the Kemess Underground and Kemess East deposits. Exploration will focus on the Wrich target, located near the copper geochemical anomaly at the SWT target on the JOY Property. This anomaly extends over 2 km and continues onto the ATTY Property for an additional 1.2 km to the southeast.

 

  The 2025 programs at the PIL and ATTY are well underway with:  

 
  • Detailed property-wide, 100 metre line-spaced airborne magnetic surveys completed on both properties;

  •  
  • Detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL underway, with the ATTY expected to start by the end of July;

  •  
  • 53 line-km of induced polarization ("IP") geophysical surveys planned on the PIL and 16 line-km on the ATTY, and

  •  
  • Finlay acting as the Operator on both properties.
  •  

Finlay's President and CEO, Ilona Lindsay , states :  

 

  "We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026."  

 

  References:  

 
  1. Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

  2.  
  3. Finlay news releases NR 03-25 dated April 17, 2025 entitled: "  Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties " and NR 05-25 dated May 2, 2025 and entitled: "  Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement. "
  4.  

  Qualified Person:  

 

  Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

 

  About finlay minerals ltd.  

 

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

 

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com   .  

 

  On behalf of the Board of Directors,  

 

  Robert F. Brown ,
Executive Chairman of the Board

 

  Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.  

 

   Forward-Looking Information:    This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.  

 

SOURCE finlay minerals ltd. 

 

 

 

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"Not for distribution to United States newswire services or for dissemination in the United States."

 

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