Green River Gold Corp. Acquires Lithium Prospect in Central British Columbia

Green River Gold Corp. Acquires Lithium Prospect in Central British Columbia

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that it has acquired a 100% right, title and interest in the KaLi Pegmatite Project (KaLi). The KaLi Pegmatite Project was acquired for staking costs totaling $1,859.14.

The KaLi Pegmatite Project consists of 1059.5 hectares of land (the Property) and dates back to the early 1960's when Noranda Exploration conducted the first comprehensive soil Geochem survey over an approximate 5.0 km by 1.5 km wide area. This was followed up by two other grassroots surveys conducted by Amoco in 1974 and Norseman Mining Corp. in 1980 who further duplicated the geochemistry. In 1981 Placer Development Ltd. performed geochemical and geophysical surveys near the south-western extent of the Property. With the primary focus of exploration in this area over the last 6 decades being focused on Molybdenum, the potential for Lithium Bearing Pegmatites in the area was not specifically targeted by previous exploration. Updates to Green River Gold Corp.'s website are underway, which will include the Company's proposed lithium exploration plans.

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Green River Gold Corp. also holds another critical mineral project in Central British Columbia. Please visit the Projects page of our website at https://www.greenrivergold.com for additional details.

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 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 cover an area exceeding 200 sqare kilometers and straddle a 32 kilometer length of the Barkerville and Quesnel Terranes. They 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.

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Green River Gold Corp. Requests Management Cease Trade Order to Allow for Finalization of Pending Annual Financial Statements and Management's Discussion and Analysis

Green River Gold Corp. Requests Management Cease Trade Order to Allow for Finalization of Pending Annual Financial Statements and Management's Discussion and Analysis

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company") announces that it has requested a temporary Management Cease Trade Order ("MCTO") from the Alberta Securities Commission ("ASC") in connection with the Company's filing of its audited annual financial statements, management's discussion and analysis and the applicable CEO and CFO certifications in respect of such filings for the financial year ended September 30, 2024 (collectively the "Annual Filings").

The Company's financial statements have significantly increased in complexity over the last year due to the Company's expansion into a new line of business. The Company is requesting the MCTO in order to secure additional time for the Company's auditors to complete the audit of the financial statements for the year ended September 30, 2024.

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PRESS RELEASE HIGHLIGHTS:

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Green River Gold Gives Update on Drilling Progress and Results

Green River Gold Gives Update on Drilling Progress and Results

PRESS RELEASE HIGHLIGHTS:
  1. Drilling results from WK-24-01, WK-24-02, and WK-24-03 confirm consistent nickel mineralization within the Deep Purple Anomaly.
  2. Elevated gold mineralization has been identified in DH-24-01, with gold grades reaching up to 0.761 grams per tonne.

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) ("the Company" or "Green River") is pleased to announce the completion of four drill holes for the 2024 season: WK-24-01, WK-24-02, WK-24-03, and DH-24-01. WK-24-01 to 03 were drilled with a portable Winkie drill rig (WK) using an AQTQ core barrel and DH-24-01 with a standard-sized diamond drill rig (DH) using an NQ barrel. The Company has received assay results for holes WK-24-01, WK-24-02, and WK-24-03. These holes were drilled along the Deep Purple magnetic anomaly at the Company's 100%-owned Quesnel Nickel Project, located 40 kilometres east of Quesnel, British Columbia, in the Cariboo Mining District of South Central British Columbia, Canada.

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Green River Gold Records Anomalous High Gold, Cobalt, Lead, and Zinc XRF Readings at the Quesnel Nickel Project

Green River Gold Records Anomalous High Gold, Cobalt, Lead, and Zinc XRF Readings at the Quesnel Nickel Project

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce the preliminary results for drill hole WK-23-01 on its 100%-owned Quesnel Nickel Project, located 40 kilometers east by road, from Quesnel, British Columbia, in the prolific Cariboo Mining District in South Central British Columbia, Canada.

The Company completed the first Winkie drill hole (WK-23-01) for the 2023 season, which ended at a depth of 120.9 meters. Drilling was halted at this depth due to difficult rock conditions. Drill hole WK-23-01 was drilled approximately 900 meters southeast of Zone 1, between Zone 1 and Zone 2 (Figure 2 shows the drill collar location). A strong serpentinized alteration zone was intersected from 47.4 meters to 50.8 meters. The strong alteration zone is highlighted red in the WK-23-01 cross-section (see Figure 1).

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Green River Gold Begins Drilling on Its Quesnel Nickel Project and Outlines Its Gold and Nickel Exploration Programs for 2023

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Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that it has commenced drilling on its 100%-owned Quesnel Nickel Project, located 40 kilometers by road, from Quesnel, British Columbia, in the prolific Cariboo Mining District in south central British Columbia Canada. This phase of drilling is a continuation of the Zone 1 drilling program from last year and will comprise approximately 500 meters in 5 diamond drill holes. Last year's Quesnel Nickel program consisted of 42 diamond drill holes, all of which encountered significant nickel, magnesium, chromium and cobalt from surface. The deepest hole was drilled to a depth of 128 meters and ended in mineralization (See Press Release dated January 5, 2023).

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Cygnus Starts Trading on OTCQB Market

HIGHLIGHTS:

  • Cygnus' common shares have qualified to trade on the OTCQB ® Venture Market ("OTCQB"), a U.S. marketplace operated by OTC Markets Group Inc. (the "OTC"),
  • Trading commences today under the ticker "CYGGF"

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) ("Cygnus" or the "Company") is pleased to announce that its common shares have qualified to trade on the OTCQB ® Venture Market ("OTCQB"), a U.S. marketplace operated by OTC Markets Group Inc. (the "OTC"), and will commence trading today under the symbol "CYGGF". The common shares of the Company will continue to trade on the ASX and TSX Venture Exchange.

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WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce results from a supplemental metallurgical program (the "Metallurgical Program") for its wholly owned Casino Copper-Gold Project (" Casino ").

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

The Metallurgical Program used drill core composites of material representing potential mill feed taken from the 2023 diamond drilling program with more variable copper, gold, and molybdenum levels than had been tested in previous drill campaigns and from a broader period of planned mining.

Attractive Recoveries – Standard processing methods continue to produce good recoveries for copper and gold, consistent with previous metallurgical work. The program achieved significantly higher recoveries for molybdenum (approximately 90% in hypogene material versus overall 71% in the Feasibility Study).

High Grade Concentrates with Low Impurities – Casino would produce a high gold grade copper concentrate and a separate molybdenum concentrate. Both are expected to be highly marketable given the very low levels of impurities.

Further Potential Upside – Primary grind size for Casino is expected to be 210μm which compares quite favorably versus other similar projects.  Initial coarse particle separation tests, conducted during this program, suggest an opportunity to further increase primary grind size without sacrificing recoveries.

"The latest metallurgical testing complements the work released in 2023 and now creates a fairly comprehensive picture of the attractive recoveries and metallurgical characteristics of the Casino Project. The project has the ability to produce highly sought after, high-grade concentrates into a market experiencing significant tightness, especially for cleaner concentrates such as those from Casino ." said Sandeep Singh , President and CEO.

Metallurgical Program

The outline of the Metallurgical Program and the review of the results were developed by Western's Technical and Sustainability Committee, which is comprised of members from Western, Rio Tinto and Mitsubishi Materials.

The fifteen composites of approximately 200 kg were subjected to detailed mineralogy, comminution testing, flotation testing and detailed analysis of copper concentrates. Composite preparation and all metallurgical test work was completed at ALS Metallurgy in Kamloops, B.C.

Table 1 shows the analysis of the composites and their associated lithology, either Supergene Sulphide (SUS) or Hypogene (HYP). The target composition was achieved for all composites except Composite 14, which contained very low grades and was subject to limited testing. Composite 8 was also excluded from the results below, as it was intentionally selected as an outlier to maximize deleterious content.

Casino has two main copper-gold zones, the Supergene Sulphide Zone which represents about 25% of the resource and the Hypogene Zone, which represents about 70% of the resource. The remaining 5% of the resource is represented by oxide materials.

Table 1 – Composites Used in Metallurgical Program

Composite

Zone

Cu

Cu (WAS) 1

Au

Mo

( %)

( %)

(g/t)

( %)

1

SUS

0.26

0.023

0.40

0.015

2

HYP

0.10

0.001

0.12

0.002

3

SUS

0.29

0.016

0.38

0.018

4

HYP

0.26

0.005

0.35

0.021

5

HYP

0.17

0.003

0.20

0.013

6

HYP

0.12

0.002

0.13

0.008

7

SUS

0.25

0.025

0.25

0.005

8

HYP

0.25

0.003

0.31

0.013

9

HYP

0.24

0.003

0.34

0.027

10

HYP

0.16

0.003

0.18

0.015

11

SUS

0.29

0.036

0.17

0.029

12

SUS

0.37

0.046

0.44

0.029

13

SUS

0.31

0.071

0.40

0.011

14

HYP

0.06

0.004

0.08

0.009

15

SUS

0.22

0.025

0.16

0.004


1 Cu (WAS) is the percentage of copper in the composite determined by weak acid soluble copper analysis

Flotation Test Results

Casino proposes using flotation to produce saleable copper-gold and molybdenum concentrates using an industry standard process flowsheet. Gold values are expected to be recovered within a copper concentrate and be payable under typical copper concentrate smelting terms and molybdenum is separated from a bulk copper-molybdenum concentrate to produce separate copper and molybdenum concentrates.

Table 2 depicts metallurgical recoveries obtained for hypogene composites using locked cycle testing. Hypogene samples demonstrate consistently high copper recoveries and very good quality copper concentrates. An average molybdenum recovery to a bulk copper-molybdenum concentrate of 90%, significantly higher than previous testing, was achieved for the hypogene composites without including Composite 2, which had a very low molybdenum head grade.

Table 2 – Summary of Locked-Cycle Flotation Results for Hypogene Composite Samples

Composite

Copper Concentrate Grade

Recoveries to Concentrate

Cu (%)

Au (g/t)

Cu (%)

Mo (%)

Au (%)

2

24.4

16.1

85.5

54.3

53.7

4

27.7

27.3

87.8

90.2

63.2

5

26.2

21.7

86.9

90.9

61.7

6

26.9

20.0

87.5

84.9

60.7

9

28.2

27.2

88.8

94.5

63.0

10

26.5

23.3

82.9

89.9

53.3

Table 3 shows locked cycle test results for supergene sulphide samples. Copper concentrate grade does not appear to be significantly impacted when processing supergene sulphide weathered materials. The reduction in overall copper recovery in flotation is a function of the weak acid soluble copper content (shown in Table 1) and is in line with previous test work. Molybdenum and gold recoveries are similar to previous test work.

Table 3 – Summary of Locked-Cycle Flotation Results for Supergene Sulphide Composite Samples

Composite

Copper Concentrate Grade

Recoveries to Concentrate

Cu (%)

Au (g/t)

Cu (%)

Mo (%)

Au (%)

1

26.7

32.2

76.5

74.2

58.8

3

28.8

32.8

77.0

85.3

59.6

7

19.3

13.5

83.4

74.3

62.5

11

27.6

13.5

79.6

76.4

57.6

12

27.7

26.2

87.0

86.7

62.9

13

18.1

17.8

73.6

86.4

58.6

15

27.4

20.9

71.0

34.4

58.6

Copper Concentrate Quality

The flotation concentrates produced from Casino continue to demonstrate very good grades in terms of copper and gold, as well as low levels of potential penalty elements. Table 4 shows a summary of copper concentrates produced from the recent test work, including key elements relevant to smelter terms. Average values for penalty elements, including As, Sb, Hg and F are shown to be well below typical smelter contract terms.

Table 4 – Casino Concentrate Analysis

Composite

Copper Concentrate Grades

Smelter Sensitive Elements

Cu (%)

Au (g/t)

As (%)

Sb (%)

Hg (g/t)

F (g/t)

1

26.7

32.2

0.01

0.00

0.33

50

2

20.3

13.6

0.17

0.09

0.12

140

3

28.8

32.8

0.02

0.00

0.04

70

4

29.1

26.5

0.01

0.00

0.02

60

5

29.7

22.3

0.01

0.00

0.02

60

6

29.4

18.7

0.03

0.01

0.03

60

7

19.3

13.5

0.20

0.06

0.59

70

9

30.1

28.7

0.34

0.09

0.13

90

10

26.2

22.1

0.07

0.17

0.23

90

11

27.6

13.5

0.01

0.00

0.23

70

12

27.7

26.2

0.18

0.11

0.47

100

13

18.1

17.8

0.03

0.01

0.27

70

15

27.4

20.9

0.18

0.05

0.86

290

Coarse Particle Separation Testing

A hypogene master composite was prepared for coarse particle flotation to test the impact on recoveries while increasing the primary grind size. In a single test, the grind size was increased from the project baseline of 210μm to 292μm with no significant change in overall copper and gold recoveries, and a small reduction in molybdenum recovery. The initial testing was promising and warrants future testing and evaluation.

Qualified Persons

The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators ("NI 43-101") and supervised, reviewed, and verified by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc., a "Qualified Person" as defined by NI 43-101.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.  For more information, visit www.westerncopperandgold.com .

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the expected metallurgical performance, the marketability of the concentrates, the potential for further process optimization through grind size adjustments, and the broader market outlook for copper and molybdenum concentrates. These statements are based on current test results and interpretations, which may evolve as further metallurgical work is conducted.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to current metallurgical test results being representative of future recoveries, the availability of market demand for copper and molybdenum concentrates, and such other assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/13/c4898.html

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