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Green River Gold Crop. (CSE: CCR) (OTC Pink: CCRRF) ("Green River Gold") (the "Company") is pleased to announce a Phased Exploration plan at it's wholly-owned Kymar Silver Project in British Columbia, Canada. This phase of exploration will comprise of grab samples at the historical mining and exploration areas on the property. The Kymar Project may be part of a much larger mineralized system which will be tested.
Kymar Silver Project Highlights:
- Bulk sample done in 1926 with an average grade of 2,000gpt silver, 57% lead, 0.8% copper, and 3.4gpt gold. (BC MINFILE 082KSE057)
- Located in SE BC, approximately 28Km west of the town of Invermere in the Golden Mining Division.
- 6 high-grade targets based on historical production, old shaft/stockpiles, and other old workings.
- The mineralization found at the Kymar Silver Project to date consists of polymetallic veins hosted within the Purcell Supergroup strata, which includes the Mount Nelson and Dutch Creek formations. The historically mined ore included galena, tetrahedrite, chalcopyrite and minor sphalerite.
The current exploration phase will be comprised of grab sampling and prospecting with the aim of delineating additional targets for follow-up exploration drilling in 2022. Specifically, the program will focus on 6 high-grade targets which were identified based on historical production, old shafts and stockpiles, and other old workings.
"We are extremely excited to initiate exploration at the Kymar Silver project specifically given the significant historical exploration and mining which have already delineated a number of high-grade silver opportunities within the expansive property package. There will be a follow-up drill program to extend the areas of known mineralization," stated Perry Little, Green River Gold's President and CEO.
Regional Exploration Plan
The Company's wholly-owned 1,440-hectare land position that comprises the Kymar Silver Property has seen little to no modern-day exploration. The exploration program will focus on following up on a number of high-grade artisanal workings. Additionally, there will be some upcoming exploration plans for the gold project at the other property that borders Osisko Development.
Qualified Person:
Mr. Stephen Kocsis, P.Geo, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this news release.
About Green River Gold Corp.
Green River Gold is a Canadian mineral exploration company focused on its wholly-owned, high-grade Fontaine Gold Project, Quesnel Nickel/Cobalt Project and Kymar Silver Project which are located in renowned mining districts in British Columbia.
The 8,900-hectare Fontaine Gold Project is situated 12 kilometers southwest of Barkerville. The property includes both placer and hard-rock tenures. The properties straddle an 18km 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.
For further information, please contact:
Green River Gold Corp.
Ms. Rad Rajaram - Manager, Corporate Relations and Business Development
rad@greenrivergold.ca
416-732-0604
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 assumption. 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/99332
