Green River Gold Corp. Intercepts Highest XRF Nickel Results to Date in Step-Out Drilling at Its Quesnel Nickel/Magnesium/Talc and Expands Its Oversubscribed Flow-Through Share Offering

Green River Gold Corp. Intercepts Highest XRF Nickel Results to Date in Step-Out Drilling at Its Quesnel Nickel/Magnesium/Talc and Expands Its Oversubscribed Flow-Through Share Offering

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress on 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.

Fargo Exploration conducted a geochemical survey, consisting of soil and rock chip sampling on Grid 1 from July 6 to July 18 (Figure 1). The bedrock outcropping locations were mapped and recorded during the 2.5 square KM soil sampling program. A total of 145 samples, including soil samples and rock chip samples, were taken during the survey.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_002.jpg

Figure 1. Geochem survey Grid 1 in the area referred as the Deep Purple Target

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_003full.jpg

Photo 1. Serpentinite with carbonate veinlets.

To view an enhanced version of Photo 1, please visit:
https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_004.jpg

Photo 2. Weathered greenish-colored serpentine.

To view an enhanced version of Photo 2, please visit:
https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_004full.jpg

The main bedrock type in Grid 1 is serpentinite, an ultramafic igneous rock (peridotite prototype) that underwent serpentine alteration. Carbonates veinlets (Photo 1) are abundant in the fine-grained, green-colored serpentine groundmass which is weathered red in most places where exposed (Photo 2).

All the soil samples have been securely stored indoors at the company's facility in Quesnel. After the soil samples were dried, certified technicians tested the samples with a portable XRF analyzer. The test results were used by our geological team to create a thematic analysis of the mobility of various elements to support the selection of new drill targets.

Step out drilling of the new targets is ongoing at the 14 KM long Deep Purple Target. Four additional shallow backpack drill holes have been completed to date. Hole DD-22-06 was drilled 350 meters north and east of the discovery drill holes, Hole DD-22-07 was drilled 1800 meters east and south of the discovery drill holes, Hole DD-22-08 was drilled 900 meters east and north of the discovery drill holes, and Hole DD-22-09 was drilled 500 meters east of the discovery drill holes. Hole DD-22-05 was previously reported on and the Company is awaiting assay results (see Company's press release dated June 27, 2022)

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_005.jpg

Figure 2. Drilling Locations on The Deep Purple Target

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_006.jpg

Figure 3. Drilling Locations Showing Outcrop

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_006full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_007.jpg

Figure 4. Drilling Locations Showing Mag Anomaly

To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/7403/132958_46cb6a03146b1bb1_007full.jpg

The drill core was delivered to the Company's facility in Quesnel and was scanned with an XRF analyzer. The following tables show the meter-by-meter XRF results of drill holes DD-22-06 to a depth of 4.4 meters, DD-22-07 to a depth of 4.5 meters, drill Hole DD-22-08 to a depth of 3.1 meters and Hole DD-22-09 to a depth of 1.7 meters. As with all the previous drill holes mineralization was present from surface.

Hole IDDD-22-06
  
Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2030.125
1.1 to 2.0 meters0.1790.114
2.1 to 3.0 meters0.1970.139
3.1 to 4.0 meters0.2190.149
4.1 to EOH0.1950.102
Grade Average0.1990.129

 

Hole IDDD-22-07
  
Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2000.188
1.1 to 2.0 meters0.2020.136
2.1 to 3.0 meters0.1960.277
3.1 to 4.0 meters0.2040.159
4.1 to EOH0.2120.195
Grade Average0.2020.190

 

Hole IDDD-22-08
  
Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2190.147
1.1 to 2.0 meters0.2160.165
2.1 to 3.0 meters0.2100.140
3.1 to 4.0 meters0.2200.178
Grade Average0.2160.153

 

Hole ID DD-22-09
  
Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2100.103
1.1 to 2.0 meters0.1570.130
Grade Average0.1890.113

 

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.

Perry Little, President and CEO of Green River Gold Corp. comments; "We are pleased to have achieved the highest XRF nickel readings to date at new locations on the property and at distances up to 1,800 meters from the discovery holes. The nickel grades in excess of 0.2% are almost double the XRF results that we encountered in the original discovery holes and over 30% higher than previous assays. This is only one outcropping from a magnetic anomaly that runs for over 14 kilometers in length. We are encouraged by what we are seeing thus far."

Kyle Townsend, Mine Manager for Green River Gold Corp. comments; "We are very excited with the results of our step out drill program. This shows that our data-driven, low-cost and low environmental footprint approach to our exploration on this project is proving to be a success. We will use what we have learned with this approach and continue to apply it as we complete our exploration season."

The maiden 2021 exploration drill program consisted of 9 shallow holes collared 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. In 2022, the exploration crew will collect soil and rock samples from the anomalous 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 mineralized occurrences. The project geologist will summarize historical mining activities and previous exploration records. The historical records will be plotted on a map and verified during the 2022 field season.

Private Placement:

Further to its news release of July 20, 2022, the Company is pleased to announce that due to increased demand it has increased the size of its previously announced non-brokered private placement of Flow-Through Common Shares ("Flow-Through Offering"). The Company has increased the size of the Flow-Through Offering to up to 7,000,000 Flow-Through Common Shares for gross proceeds of up to $525,000. The upsized Flow-Through Offering is expected to close on or about August 15, 2022.

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/132958

News Provided by Newsfile via QuoteMedia

CCR:CNX
The Conversation (0)
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).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Begins Drilling on Its Quesnel Nickel Project and Outlines Its Gold and Nickel Exploration Programs for 2023

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

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).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Announces Closing of Private Placement of Units Consisting of Flow-Through Shares and Warrants and Engagement of Venture Liquidity Providers Inc. to Provide Market-Making Services

Green River Gold Corp. Announces Closing of Private Placement of Units Consisting of Flow-Through Shares and Warrants and Engagement of Venture Liquidity Providers Inc. to Provide Market-Making Services

Final Closing of the Flow-Through Offering

Further to its news releases dated March 23, 2023 and April 12, 2023, Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that the Company has closed on the final tranche of the previously announced non-brokered private placement offering ("Offering") of units ("Units"). In total, the Company issued 7,856,359 Units at a price of $0.07 per Unit for gross proceeds of CAD $549,945. Each Unit consists of one flow-through common share and one-half common share purchase warrant (a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company for a period of 2 years following issuance at a price of $0.12 per common share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Announces Upsize of Previously Announced Non-Brokered Private Placement Offering of Units Consisting of Flow-Through Shares and Warrants

Green River Gold Corp. Announces Upsize of Previously Announced Non-Brokered Private Placement Offering of Units Consisting of Flow-Through Shares and Warrants

Further to its press release dated March 23, 2023, Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that due to demand it has increased the size of its previously announced non-brokered private placement of units ("Units"), each Unit consisting of one flow-through common share and one-half common share purchase warrant (the "Offering"). The Company has increased the size of the Offering to up to 8,500,000 Units for gross proceeds of up to $595,000. The upsized offering of Units is now expected to close on or about April 19, 2023.

About Green River Gold Corp.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Significant Citizen Interest in the Immersive Workshop

Significant Citizen Interest in the Immersive Workshop

Falco Resources Ltd. (TSX-V: FPC) (" Falco " or the " Corporation ") is delighted with citizen participation in the immersive public workshop which was held on July 17 th at the Rouyn-Noranda Convention Center. The population was invited to experience sound and vibration simulations and meet acoustics experts.

In addition to explaining the sound and vibration phenomena that surround us, the evening aimed to collect the concerns, understandings and proposals for improvement formulated by citizens regarding Falco's Horne 5 Project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
World Copper Establishes At-The-Market Equity Program

World Copper Establishes At-The-Market Equity Program

Amends Loan Extension Agreement

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that the Company has established an at-the-market equity program (the "ATM Program") that allows World Copper to issue and sell common shares from treasury ("Common Shares") having an aggregate gross sales amount of up to $25 million to the public, over an approximately two (2) year period (subject to earlier termination as described below), from time to time through BMO Capital Markets (the "Agent"), as sole agent. Sales of the Common Shares under the ATM program will be made pursuant to the terms and conditions of an equity distribution agreement (the "Distribution Agreement") dated July 17, 2024, entered into between the Company and the Agent.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Highlights:

  • First of seven new nickel resources expected to be published by end of the first quarter of 2025 demonstrating the potential scale of the Timmins Nickel District
  • Initial Deloro indicated Resource of 81 million tonnes grading 0.25% nickel containing 202kt of nickel plus a further Inferred Resource of 357 million tonnes grading 0.25% nickel containing 885kt of nickel
  • Seven exploration rigs currently drilling across the Timmins Nickel District

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQB: CNIKF) today announced an initial mineral resource for its 100% owned Deloro Nickel Sulphide Project ("Deloro") near Timmins, Ontario .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Heritage Mining Reports Successful SGH Orientation Survey

Heritage Mining Reports Successful SGH Orientation Survey

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Trident Royalties PLC Announces Update on Scheme Timetable

Trident Royalties PLC Announces Update on Scheme Timetable

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Trident Royalties PLC

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Prismo Metals Secures Permit Approval for Deep Drilling Program at Hot Breccia Copper Project in Arizona

Prismo Metals Secures Permit Approval for Deep Drilling Program at Hot Breccia Copper Project in Arizona

Prismo Metals Inc. (the "Company") (CSE:PRIZ)(OTCQB:PMOMF)(FSE:7KU) is pleased to announce that it has received permit approval from the Bureau of Land Management ("BLM") for ten drill pads, at the Hot Breccia copper project in Southern Arizona

The drill pads will allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area, and in particular the large conductive anomaly identified by Prismo's 2023 ZTEM survey. Ground mapping, prospecting and sampling conducted earlier this year has supported the targeting process and target selection.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×