Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (“Company” or “Green River”) is pleased to announce that it has commenced drilling at its wholly owned Quesnel Nickel Project. Road from Quesnel, British Columbia, in the prolific caribou mining district of south-central British Columbia, Canada. This drilling phase is a continuation of last year’s Zone 1 drilling program and will comprise approximately 500 meters of five diamond drill holes. Last year’s Kennell Nickel program consisted of 42 diamond drilled holes, all of which had large amounts of nickel, magnesium, chromium and cobalt found in their surfaces. The deepest hole was drilled to a depth of 128 meters and finally mineralized (see press release dated 5 January 2023).
This year’s program (see description and images below) also includes 20 planned NQ diamond drill holes, tested at depths up to 300 meters deep and 14 holes between Zones 1 and 2. It includes a 6,000 meter program that extends the kilometer strike. The program also includes plans for the exploration platform for the newly acquired Fontaine Gold Project. This includes rock mapping, soil and rock sampling, and geophysical programs. Details of the program will be announced as soon as they are decided.
Kyle Townsend, Green River Gold Mine Manager, commented: Zones 10 kilometers apart. Test both strike lengths of 14 kilometers between zones 1 and 2 and between zones 1 and 2, and depths that appear to open beyond the previous maximum depth of 128 meters Acquisition of additional land adjacent to and parallel extension of Yanks Peak Trend in Osco at the southern end of a large mineral claiming group of 20,493 hectares I am equally excited about what you have done. This year we will begin the first ground work and exploration on this exciting gold deposit. “
Figure 1. Slide Mountain Terrain ultramafic rock containing nickel, magnesium, and talc.
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Figure 2. Deep purple with a strike length of 14 km within and between zones 1 and 2, composed of nickel-bearing ultramafic rocks (predominantly serpentinized peridotites).
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Phase 1 of the 2023 drilling program will focus on defining and extending the Ultramafic Body (Slide Mountain Terrane) hosting nickel, magnesium and talc in the Zone 1 area using the Winky Drill . The company has applied for a permit for a drilling campaign of 20 boreholes totaling 6,000 meters by 300 meters each in December 2022. We hope to receive the permit by the end of Q2 2023. The WK-23-01 collar position is shown in Figure 3.
Figure 3. WK-23-01 drill hole location
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Zone 1 is an outcrop covering an area of approximately 1.5 square kilometers of the 14 linear kilometer Deep Purple magnetic anomaly. Zone 1 was targeted for the winter 2021 and spring 2022 drill programs. That drill program confirmed the existence of regions of severe talc alteration previously identified and studied in the 1980s. The drilling program also confirmed the presence of unusual amounts of nickel, chromium and magnesium, along with talc. The specific areas targeted for drilling were the subject of an exploration program designed to assess the potential for commercial talc deposits in the 1980s. That early exploration led to the preparation of a preliminary talc mining plan in 1986. [1]
[1] Trifaux, R (1986). Wim, Wim-Ta & Arne Claims Assessment Works 1986-1987, taken from:
https://apps.nrs.gov.bc.ca/pub/aris/Report/15522.pdf/
https://apps.nrs.gov.bc.ca/pub/aris/Report/15729a.pdf/
https://apps.nrs.gov.bc.ca/pub/aris/Report/15729b.pdf/
https://apps.nrs.gov.bc.ca/pub/aris/Report/15729c.pdf/
A 50-kilogram drill core sample from Zone 1 was sent to Base Metallurgical Laboratories Ltd., Kamloops, British Columbia, for mineralogical evaluation. This program determined the mineral composition and nickel distribution of core samples. Analysis results show that the core sample contains 0.16% nickel and 0.44% sulfur. Additionally, the mineral content (wt%) is 50.7% talc, 27.1% dolomite and 12.8% serpentine. Mineral content and nickel distribution have been determined by QEMSCAN BMA analysis. Analysis indicates that pyrite (23.8%), pyrrhotite (33.8%), pentrandite (39.0%) and chalcopyrite (1.90%) are the major sulfide minerals. Regarding the distribution of nickel, 97.8% of the nickel composite is pentlandite and 2.15% of the nickel composite is pyrrhotite. Pentrandite was the main nickel mineral observed. Nickel in the form of pentrandite can generally be recovered by gravity and/or flotation methods. Some samples were also submitted to an external laboratory for determination of asbestos content. The core sample measured 0.3% chrysotile, but since it contains less than 0.5% chrysotile, it is not classified as an ‘asbestos-containing material’.
Quality assurance, quality control
The 2023 diamond drill program at Quesnel Nickel and Talc Property used AQTK or 35.5 mm (1 3/8 inch) diameter core barrels. The drill stem dip and azimuth were oriented to each collar location by a qualified geologist prior to drilling. Core samples were generally selected at intervals of 0.5 to 1.5 meters, depending on the identified lithology and mineralization style. The core was cut in half with a diamond core saw, half of the core was placed in a sample bag, and the other half was securely stored in a core box at Green River’s offices in Quesnel. Standards and blanks (CDN-BL-10) were systematically inserted into each batch of samples on a regular basis. Standard samples included high-grade (CDN-ME-2001) and low-grade (CDN-PGMS-29) nickel samples purchased from his CDN Resource Laboratories, Langley, British Columbia. Sealed bagged core samples were shipped directly to Activation Laboratories Ltd. (Actlabs), Kamloops, BC and Met-Solve Laboratories Inc. (MSA), Langley, BC. The analytical lab preparation steps included crushing the entire sample to 80% pass through 2 mm, rifling 250 grams, and crushing the aliquots to 95% pass through 105 micrometers. Base metal analysis is determined using the ICP-OES or ICP-MS finishing 4-acid digestion method. Analytical results are validated by applying industry standard Quality Assurance and Quality Control (QA/QC) procedures. Both labs have ISO 17025 certification.
Eligible person:
Stephen P. Kocsis (P.Geo), a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
About Green River Gold Corporation
Green River Gold Corp. is a Canadian mineral exploration company focused on the wholly-owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project and Kymar Silver Project in a prestigious mining district in British Columbia.
The Fontaine and Quesnel properties cover over 200 square kilometers and span the 32 kilometers long Barkerville and Quesnel Terranes. They are adjacent to Ocisco Development Corporation’s Mineral Claims Group, which includes the proposed mine site for the Caribou Gold project.
The Kymar Silver Project is located approximately 28 kilometers west of the town of Invermere in the Golden Mining Division in southeastern BC. The land consists of two mining areas totaling 1,625 hectares along the southeastern flank of Mount Katherine.
For more information, please contact:
Green River Gold Corporation
Perry Little – President and CEO
perry.little@greenrivergold.ca
780-993-2193
For additional information about Green River Gold Corp., see SEDAR’s profile. www.sedar.com.
Forward-Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities laws. “anticipate”, “expect”, “believe”, “estimate”, “could”, “intend”, “could”, “plan”, “forecast”, “plan Expressions such as “,” “will,” “will,” and other similar expressions, or the negative of these terms, generally indicate forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors, and actual results or events are expressed or implied by such forward-looking information. may differ significantly from
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