Base Metals

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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/135482_1368cf7b348e48a8_002.jpg

Figure 1. Drill Collar Locations Zone 1 and Zone 2

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/135482_1368cf7b348e48a8_002full.jpg

Zone 2 is located approximately 8 kilometers southeast of Zone 1 which is already known to contain nickel, chromium, magnesium and talc, based on previous drilling. Zone 2 consists of a bedrock outcropping covering an area of over 1,2 square kilometers. Both Zone 1 and Zone 2 are located along the 14 kilometer long Deep Purple magnetic anomaly.

This is the first drilling completed on Zone 2. Five shallow backpack drill holes have been completed to date. The nickel grades which were recorded with a handheld XRF scanner were higher than the Company encountered with its prior drilling program in Zone 1. The highest nickel grade encountered thus far in Zone 2 is 0.245% over 3 meters in hole FCD-22-03. Chromium grades were similar to the grades reported at Zone 1. Magnesium values are not recorded with the XRF scanner so any magnesium values will have to await assay. Magnesium grades averaged 15.73% in the assays taken from the area of talc alteration in Zone 1.

All five of the new holes in Zone 2 encountered nickel and chromium mineralization from surface as have all the holes drilled in Zone 1 to date. Shallow drilling is continuing as the Company continues to expand the area of known mineralization and gathers information to help choose locations for deeper drilling.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7403/135482_1368cf7b348e48a8_003.jpg

Figure 2 Drilling Locations on The Deep Purple Target

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/135482_1368cf7b348e48a8_003full.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 hole FCD-22-01 to a depth of 5.0 meters, FCD-22-02 to a depth of 2.0 meters, drill Hole FCD-22-03 to a depth of 3.0 meters, drill Hole FCD-22-04 to a depth of 5.1 meters and drill Hole FCD-22-05 to a depth of 5.1 meters. As with all the previous drill holes, mineralization was present from surface.

Hole IDFCD-22-01

Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2070.224
1.1 to 2.0 meters0.2210.117
2.1 to 3.0 meters0.3080.113
3.1 to 4.0 meters0.2270.151
4.1 to 5.00.0940.093
5.0 to EOH0.1860.141
Grade Average0.2080.141

Hole IDFCD-22-02

Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2080.170
1.1 to 2.0 meters0.1980.173
Grade Average0.2030.171

Hole IDFCD-22-03

Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2790.174
1.1 to 2.0 meters0.2190.147
2.1 to 3.0 meters0.2320.094
Grade Average0.2450.139

Hole IDFCD-22-04

Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.1990.217
1.1 to 2.0 meters0.2260.239
2.1 to 3.0 meters0.2100.162
3.1 to 4.0 meters0.2300.144
4.1 to 5.0 meters0.1910.077
5.1 to EOH0.2590.106
Grade Average0.2140.165

Hole IDFCD-22-05

Measurement UnitAverage Grade %
Depth (M)NiCr
0 to 1.0 meter0.2300.148
1.1 to 2.0 meters0.1750.132
2.1 to 3.0 meters0.1730.170
3.1 to 4.0 meters0.1960.124
4.1 to 5.0 meters0.1870.133
5.1 to EOH0.2300.130
Grade Average0.1950.141

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 continue to achieve higher XRF nickel readings as we move farther from the original discovery holes which were drilled in an area of talc alteration. Our geologists felt that higher nickel grades were likely to be found as we moved away from the talc and so far, that theory seems to be holding up. We look forward to seeing assay results for some of the new holes to see if they contain magnesium as well as nickel and chromium. This new outcropping, Zone 2, is 8 kilometers from Zone 1, but on the same 14-kilometer-long magnetic anomaly, giving us hope that the entire magnetic anomaly may contain similar mineralization."

The maiden 2021 exploration drill program consisted of 9 shallow holes collared over exposed ultramafic rocks. These discovery holes returned broad intervals of nickel, chromium, and magnesium mineralization. Assay results from the first six of those holes have been received and are presented in the table below as averages along the entire length of each drill hole. Additional assay results are expected to be released shortly.

Hole NumberDepth (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.

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/135482

News Provided by Newsfile via QuoteMedia

CCR:CNX
Green River Gold

Green River Gold


Keep reading...Show less
Green River Gold Corp. Assay Confirms 20.30% Magnesium Along with 0.188% Nickel and 0.144% Chromium at Its Wholly Owned Quesnel Nickel Project, and Updates Drilling Progress on Zone 2

Green River Gold Corp. Assay Confirms 20.30% Magnesium Along with 0.188% Nickel and 0.144% Chromium at Its Wholly Owned Quesnel Nickel Project, and Updates Drilling Progress on Zone 2

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.

The following assay results are from drill Hole DD-22-05 which was drilled on Zone 1 of the Company's 14 kilometer long Deep Purple target. XRF results for the hole were originally reported on in a press release dated June 27, 2022. The assay results for nickel and chromium are relatively consistent with the XRF results reported earlier. Those XRF results showed nickel averaging 0.197% and chromium averaging 0.136%. However, The XRF scanner does not pick up the significant magnesium content which continues to show up in the assays. Per the assay, the magnesium content in Drill Hole DD-22-05 is the highest encountered to date at 20.3%. As with all holes drilled in Zone 1 and Zone 2 of the Deep Purple target, drill Hole

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Announces Closing of Oversubscribed Private Placements of Flow-Through Shares and Units

Green River Gold Corp. Announces Closing of Oversubscribed Private Placements of Flow-Through Shares and Units

Further to its news releases dated July 21, 2022 and August 5, 2022, 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 oversubscribed, previously announced non-brokered private placement offering of flow-through shares (the "Flow-Through Offering") and the oversubscribed, previously announced non-brokered private placement offering of units (the "Unit Offering").

Final Closing of Flow-Through Offering

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

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

Green River Gold Corp. Announces Non- Brokered Private Placement Offering of Units and Flow-Through Shares

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that it plans to undertake a non-brokered private placement of up to 3,000,000 units ("Units") to raise gross proceeds of up to $210,000.00 (the "Unit Offering"). The Units will be offered at a price of $0.07, with each Unit consisting of one common share ("Share") and one common share purchase warrant ("Warrant"). Each Warrant will be exercisable to acquire one Share ("Warrant Share") for a period of 3 years following the closing of the Offering at an exercise price of $0.09 per Warrant Share, subject to acceleration provisions (as set out below).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Fireweed Announces New Director Adding Governance and Corporate Strength

Fireweed Announces New Director Adding Governance and Corporate Strength

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the appointment of Jill Donaldson to the Board of Directors.

Ms. Donaldson is a senior corporate and securities lawyer with extensive experience working with boards in mergers and acquisitions, capital markets, strategic planning and implementation, governance and stakeholder relations, and compliance and risk management. Jill holds her ICD.D designation from the Institute of Corporate Directors and is a director of Prospera Credit Union and Chair of its Governance and Nominations Committee and member of its Business Transformation Committee and is also a director of Canuck Place Children's' Hospice. Jill was a director of Great Bear Royalties Corp. and Chair of its Special Committee with respect to its recent acquisition by Royal Gold. As an independent director, Jill brings significant governance and transactional experience as well as risk management experience, a strategic mindset and financial acumen.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Power Nickel Follows Up Release of NI 43-101 Compliant Mineral Resource Estimate on the Nisk Nickel Project With Commencement of Second Round of Drilling

Power Nickel Follows Up Release of NI 43-101 Compliant Mineral Resource Estimate on the Nisk Nickel Project With Commencement of Second Round of Drilling

Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to follow up on the recent release of the NI 43-101 Technical Report and Mineral Resource Estimate ("MRE") on the "Nisk" Nickel project with the commencement of the second round of drilling. The NI 43-101 Technical Report and Mineral Resources Estimate for the Nisk Project was filed on SEDAR on August 30, 2022

The Nisk Project is located in the southern portion of the Eeyo Istchee James Bay territory, Québec, a region that is the site of a number of mining projects (Figure 1) and improving infrastructure (Figure 2).[1]

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Pucarini Regional Follow-up Program Yields

Pucarini Regional Follow-up Program Yields

Three New Low to High Sulphidation Projects

Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) ( Frankfurt : 2OA) has added three new exploration projects to its portfolio of gold prospects in Peru following a 4 month regional geological reconnaissance program to follow-up on recently awarded concessions that were staked through a remote sensing targeting program.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Fabled Copper Participates in Legacy Sites Clean Up

Fabled Copper Participates in Legacy Sites Clean Up

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that in August 2022 the legacy site clean-up was successfully accomplished under time and under budget on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Los Andes Copper Project Update

Los Andes Copper Project Update

Desalinated Water Agreement Advanced as Part of Pre-Feasibility Planning

 Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report on progress on its Vizcachitas large-scale copper project in Chile. A letter of intent has been signed with Desala Petorca SPA to work on the project option to use desalinated seawater for the project ("Desala"). Desala is a firm dedicated to the development of water desalinization for water consumption and irrigation under a multi-purpose and multi-client scale. Desala is developing plans for a desalinated plant in the coast of Papudo, V Region, with a capacity of approximately 2,050 ltssec. The agreement with Desala advances an important option for the project consistent with sustainable mining for copper which is an essential metal for electrification.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Midnight Sun Mobilizes Additional Drill at Solwezi

Midnight Sun Mobilizes Additional Drill at Solwezi

Midnight Sun Mining Corp. (TSXV: MMA) (OTCQB: MDNGF) (the "Company" or "Midnight Sun") is pleased to report a second diamond drill rig from ATL Drilling Services Ltd. has been secured and mobilized to join the Company's current drill program on the Solwezi Licences in Zambia (see the Company's news release dated August 15, 2022).

Al Fabbro, President and CEO of Midnight Sun, stated, "I am excited for this drill program and it is important to me that we get as much exploration done as possible this field season. The addition of a second rig will expedite our work to ensure we maximize Dr. Dorling's technical plan."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×