The Cariboo gold district in British Columbia, Canada, was a world-class producer of gold, and site of the famous Cariboo Gold Rush between 1861 and 1867. The district produced approximately 3.8 million ounces of gold after 1874, divided roughly evenly between hard rock gold and placer gold production valued at C$50 million.
Today, the Cariboo gold district remains a prospective and mining-friendly region with excellent infrastructure. Interest in the region has been renewed with recent transactions including the acquisition of Barkerville Gold Mines, now held by Osisko Development Corp. (TSXV:ODV). Other notable names in the Cariboo gold district include Omineca Mining and Metals (TSXV:OMM) with its Wingdam Gold project, Imperial Metals' (TSE:III) Mount Polley mine and Taseko Mines' (TSX:TKO) Gibraltar mine. Mining companies with projects in the Cariboo gold district present investors with renewed discovery potential in a historically significant area.
According to Green River Gold (CSE:CCR) CEO Perry Little, "The hunt is on."
Green River Gold is exploring for gold, as well as nickel, cobalt and talc, in the historically-prolific Cariboo gold district. The company's highly prospective and potentially high-grade project feature excellent access to infrastructure, including roads, power and local talent.
The fully-owned Fontaine Lode Gold project spans 8,900 hectares and is located 12 kilometres from Barkerville which was the epicentre of the Cariboo Gold Rush in 1860. The Fontaine Lode Gold project is contiguous to Osisko's Cariboo Gold Project, which is anticipated to begin production in the latter half of 2023.
The Quesnel Nickel Cobalt Talc project is contiguous to the Fontaine Lode Gold project and is an early-stage project that spans approximately 2,219 hectares. The project has similar geological features to FPX Nickel's (TSXV:FPX) Decar Nickel District project, which some consider the third top nickel project in the world. Historic work on the Quesnel Nickel Cobalt Talc project suggest significant potential for all three minerals. Grab samples were taken in recent weeks and have been sent for assay. Assay results are expected by the end of November 2021.
The Kymar Silver project is a silver project that includes two mineral tenures spanning 1,440 hectares in Southeastern British Columbia. The project is located 28 kilometres west of Invermere in the Golden Mining Division in British Columbia. A historical bulk sample on Kymar Silver revealed high average grades of 2,000 g/t silver, 57 percent lead, 0.8 percent copper and 3.4 g/t gold. The property also features several past-producing artisanal mines.
Grab samples were gathered from the areas of several of the past producing artisanal mines in October 2021 and were sent to the lab for assay. Assay results are expected by late November 2021.
Green River Gold has strategic positioning in highly prospective geological areas near past-producing mines. The Fontaine Lode Gold project features similar geology to Osisko Development Corp.'s Cariboo Gold project which it borders. The Quesnel Nickel Cobalt Talc project also borders Omineca Mining and Metals' Wingdam Gold project.
In an interview, CEO Perry Little shared, "Every hole drilled and every bit of exploration done by Osisko, Omineca or Green River will lead to a greater understanding of the regional geology."
Currently, Green River Gold is conducting exploration activities on its properties including bedrock mapping, geochemical exploration, ground geophysics and backpack drilling. Green River Gold is also in the process of applying for permits to commence RC and diamond drilling on its properties. The company is committed to producing a NI 43-101 technical report in a timely manner.
Green River Gold is led by a highly experienced management team over 60 years of combined technical experience and over 30 years of capital market experience. CEO Perry Little has an impressive 28-year-long successful career with extensive experience in financing junior resource companies and trading in the public markets.
Green River Gold’s Company Highlights
- Green River Gold's highly prospective and potentially high-grade projects feature excellent access to infrastructure, including roads, power and local labour talent.
- The Fontaine Lode Gold project is a fully-owned gold project spanning 90 square kilometres with significant upside potential due to a lack of exploration.
- The Quesnel Nickel Cobalt Talc project is an early-stage silver project that spans approximately 2,219 hectares.
- The Kymar Silver project is a silver project spanning 1,440 hectares in Southeastern British Columbia with several past-producing mines on site.
- The company's projects border Osisko Development Corp.'s Cariboo Gold and Omineca Mining and Metals' Wingdam Gold project.
- Green River Gold is led by a highly experienced management team with over 60 years of combined technical experience and over 30 years of capital market experience.
Green River Gold’s Key Projects
Fontaine Lode Gold
The Fontaine Lode Gold project is a 100 percent-owned prospective gold project that includes placer and hard-rock tenures spanning 90 square kilometres in the historic Cariboo gold district in British Columbia, Canada. The project is located approximately 12 kilometres southwest of the historic Barkerville town which was the epicentre of the original Cariboo Gold Rush that started in 1860. The property straddles an 18-kilometres of length on the Quesnel Barkerville and Slide Mountain terranes.
From the 1970s to the 1980s, prospecting and sampling were conducted on the property. The Fontaine Lode Gold project features similar geology to Osisko Development Corp.'s Cariboo Gold project which it borders. The Cariboo Gold project has an indicated resource of 3.2 million ounces of gold grading 4.64 g/t gold and an inferred resource of 2.72 million ounces of gold grading 3.91 g/t gold.
Quesnel Nickel Cobalt Talc
The Quesnel Nickel Cobalt Talc project is an early-stage prospective silver project that includes 8 mineral claims spanning approximately 2,219 hectares in the Cariboo gold district in British Columbia, Canada. The project is located next to the Fontaine Gold project and has similar geological features to FPX Nickel's Decar Nickel District project, considered by some to be the third-top nickel project in the world. The Quesnel Nickel Cobalt Talc project borders Omineca Mining and Metals' Wingdam Gold project and is on trend with the Eureka Thrust which runs on the Wingdam project.
Historical drilling conducted on the project's nickel and talc anomalies as well as limited rock sampling and analyses suggest the potential for high grade nickel. The Quesnel Nickel Cobalt Talc project features surface outcrops of nickel, cobalt and talc.
The Kymar Silver project is a prospective silver project that includes mineral tenures spanning 1,440 hectares in the Cariboo gold district in British Columbia, Canada. The project is located 28 kilometres west of Invermere in the Golden Mining Division in British Columbia and along the southeast portion of Mount Catherine. Mineralization on the Kymar Silver project includes silver, lead, gold and zinc hosted in polymetallic veins within a zone along a normal fault. The polymetallic veins exist within the Purcell Supergroup strata, including the Mount Nelson and Dutch Creek formations.
The Kymar Silver project includes several past-producing artisanal mines. In 1926, a bulk sample from the property revealed average grades of 2,000 g/t silver, 57 percent lead, 0.8 percent copper and 3.4 g/t gold. Kymar Silver has six high-grade targets based on historical production, shafts and stockpiles and other workings. Grab samples from the areas of the old artisanal mines were taken in October 2021. Assay results are expected by the end of November 2021.
Green River Gold’s Management Team
Perry Little - President, CEO and Director
Perry Little, B.A. (Econ), CIM, has extensive experience with junior resource company financing and with the public markets in general. His experience was gained throughout a 28-year career in the investment industry. During his career, Perry held a variety of positions with large Canadian investment firms. He retired from his position as a Senior Investment Advisor with Canaccord Genuity Wealth Management in 2016 after 14 years with the company. Before his involvement in the investment industry, Perry spent 9 years in the field of public accounting acquiring significant experience and education in the areas of accounting, taxation, and auditing. Perry is currently the President and CEO of a private gold mining and manufacturing enterprise and has also served on the Board of Directors for two charitable organizations and a private real estate development company.
Shawn Stockdale - CFO, Secretary and Director
Shawn Stockdale is a Chartered Accountant who has operated his public accounting practice for the past 12 years. Before establishing his firm, he spent 14 years with larger C.A. firms. During this time, Shawn completed the in-depth tax course. He has experience serving clients from a wide variety of industries. Shawn holds a B.Comm. from the University of Lethbridge. He is also the Secretary/Treasurer of a private gold mining enterprise.
Rick James Watters - Director
Rick Watters is a professional engineer and the current president of WLBS Enterprises Inc. which is an independent engineering consulting company. Watters holds a P.Eng. in Metallurgical Engineering from the University of Alberta. He has over 35 years of experience with increasing responsibility including directing the development of oil and gas facilities. His comprehensive career includes 3 years with ILF Consulting as the vice president of projects and engineering. Watters also spent several years with Enbridge and TransCanada Pipelines as well as 23 years with Cenovus and its predecessor companies. Watters has also served on the board of directors of two non-profit organizations –– the Construction Owners Association of Alberta and the Southern Alberta Freestyle Ski Club. Watters has extensive knowledge and experience in construction, stakeholder relations, regulatory and environmental requirements, commercial evaluations, estimating, scheduling, procurement, expediting, contracts administration, facility design, pipeline design, facilities management and metallurgy.
David Upright - Director
David Upright is the current director of sales, inventory and operations planning at Champion Petfoods. Champion Petfoods is a local manufacturer of premium pet food serving pet lovers around the globe. His career includes 25 years as vice president of information services with The Brick and 4 years running a private consulting firm that specializes in information technology and continuous improvement. Upright holds a B.Sc. in Computing Science and an M.B.A. from the University of Alberta. Upright also serves on the board of directors for a foundation that serves Oakhill Boys Ranch.
Vern Kibblewhite - Director
Vern Kibblewhite recently retired from his position as superintendent with PCL Industrial Constructors Inc. which is one of the largest construction companies in North America. His 23 years at PCL included 5 years in charge of their fabrication facility in Nisku, Alberta which was the largest fabrication shop in Canada at the time. Kibblewhite also held the position of maintenance supervisor for Epcor's 600MW coal-fired power plant. Kibblewhite studied Power Engineering at Southern Alberta Institute of Technology and holds a Gas Fitter ticket, Plumbing ticket, and Steamfitter ticket. He is a former member of the board of directors of West Parkland Gas Co-op.
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