Green River Gold Corp. Intercepts 17.80% Magnesium, 0.18% Nickel, and 0.15% Chromium Starting at Surface

Green River Gold Corp. Intercepts 17.80% Magnesium, 0.18% Nickel, and 0.15% Chromium Starting at Surface

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that it has received the most recent batch of assay results and is now able to present the summary of results from the first shallow hole assayed on its Quesnel NickelMagnesiumTalc Project. The hole was one of nine shallow holes drilled directly from surface from a talc outcropping. Assay results are still pending for the other eight shallow holes. XRF gun samples from all nine holes were very similar.

The following table presents the assay results for each of the one-meter intervals that were sent for assay from the 15-meter hole known as Do-21-06.

Sample Number Sample Depth
from Surface
Magnesium (%) Nickel ppm Chromium ppm
S790589 0 to 1 Meter 17.80% 1750 1880
S790591 1 to 2 Meters 18.10% 1870 1760
S790592 2 to 3 Meters 17.95% 1800 1790
S790593 3 to 4 Meters 19.20% 2160 1835
S790594 4 to 5 Meters 18.15% 1840 1785
S790595 5 to 6 Meters 17.70% 1870 1290
S790596 6 to 7 Meters 18.05% 1890 1485
S790597 7 to 8 Meters 18.40% 1980 1485
S790598 8 to 9 Meters 17.95% 1960 1545
S790599 9 to 10 Meters 17.60% 1670 1150
S790601 10 to 11 Meters 17.45% 1695 1465
S790602 11 to 12 Meters 17.65% 1675 1550
S790603 12 to 13 Meters 16.70% 1765 1560
S790904 13 to 14 Meters 16.65% 1600 1545
5790605 14 to 15 Meters 17.65% 1625 1465
Average For 15 Meters 17.80% 1810 1573-

 

The map that follows shows the locations of the nine shallow drill holes. The Company will be drilling three longer drill holes in the same vicinity using a portable Winkie Drill capable of reaching depths over 100 meters as soon as ground access conditions allow. That is expected to occur within the next couple of weeks. The map also shows the area that will be covered by a new UAV-MAG survey which has been commissioned and which is due to commence in early May.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7403/120993_4b5936a834dd6a57_002.jpg

Figure 1

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7403/120993_4b5936a834dd6a57_002full.jpg

The talc occurrence that is host to the current drilling program has been traced over a length of 1.4 kilometers along the magnetic anomaly by prior exploration. (ARIS Assessment Report 15729) The depth of the talc occurrence is unknown. The previous holes that were drilled in the 1980's only went to 17 meters. The holes drilled in Green River's first round of drilling were also shallow holes. All holes ended in mineralization and the amount of talc appears to increase at depth.

Green River's President and CEO, Perry Little comments, "We are thrilled to be moving forward with the next phase of exploration on the Project. The excitement surrounding nickel and other strategic minerals like magnesium is continuing to build, prices are strong, and recent announcements of support for the industry from the Federal Government are very encouraging. The recent budget announced $3.8 billion in support, on a cash basis, starting in 2022-23 to implement Canada's first Critical Minerals Strategy. Combined with the introduction of a new 30% Critical Mineral Exploration Tax Credit, the timing of our exploration program could hardly be better. Our target area has some size to it and the early results are very encouraging, especially starting right from surface."

The following map indicates the potential area of the magnetic anomaly, based on historical work and knowledge of the regional faults and existing magnetic imagery. The potential area that Green River is dealing with may exceed 20 square kilometers as indicated on the map. Additional drilling and exploration plans are being developed and will be finalized based on the results of the deeper holes to be drilled in the next few weeks and the results of the additional UAV-MAG survey.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7403/120993_4b5936a834dd6a57_003.jpg

Figure 2

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7403/120993_4b5936a834dd6a57_003full.jpg

The previously completed UAV-MAG survey results over the Quesnel Nickel Project area indicated the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of a favorable ultramafic rock assemblage. These results are similar to the aeromagnetic response in the area of nickel-alloy mineralization found throughout the BC Decar District.

The elevated elements are hosted in serpentinized ultramafic rocks belonging to the Slide Mountain Terrane.

Quesnel Nickel/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, we will be further investigating the other three known areas of talc alteration for the presence of nickel this season.

Regional Exploration Plan:

Additionally, there will be some upcoming exploration plans for the Fontaine Lode Gold Project, which is contiguous to the Quesnel Nickel Project and is also contiguous to Osisko Development Corp.'s Cariboo Gold Project. Plans are also being made for exploration on the Company's Kymar Silver Project in southeast B.C. later in the Summer.

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/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 1,440 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/120993

News Provided by Newsfile via QuoteMedia

CCR:CNX
Green River Gold

Green River Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Green River Gold

Green River Gold

Developing Prospective Gold Projects in the Cariboo Gold District of BC

Developing Prospective Gold Projects in the Cariboo Gold District of BC Keep Reading...
Gold bar and nuggets with text reading "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
David Nicholas, gold and silver bars.

David Nicholas: Gold's Next 30 Days — 10 Percent Price Pop?

David Nicholas, co-founder of XFunds, shares his outlook for gold, calling it "very constructive." In his view, it wouldn't be surprising to see an 8 to 10 percent price increase in the next 30 days. "I think gold and silver are the next trades to do really well here," Nicholas said.Don't forget... Keep Reading...
three gold bars stacked on top of each other

DGCX Introduces First Same-Day Physical Gold Contract in Gulf

The Dubai Gold and Commodities Exchange (DGCX) will launch the Gulf region’s first same-day physically settled spot gold contract on Monday (June 22), providing bullion dealers a regulated alternative to traditional over-the-counter markets.The Gold Spot T+0 Contract allows refineries, brokers,... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady

The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — My Summer Price Outlook

Jeffrey Christian, managing partner at CPM Group, shares his summer outlook for gold and silver prices, saying he expects consolidation within a volatile range. However, as the year continues, he believes both precious metals could move back toward highs seen earlier in 2026. Platinum and... Keep Reading...
Green River Gold

Green River Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News