08:26:27 EDT Sun 19 May 2024
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Green River Gold Corp
Symbol CCR
Shares Issued 124,846,053
Close 2024-03-04 C$ 0.05
Market Cap C$ 6,242,303
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Green River Gold receives Quesnel drill permit

2024-03-04 14:52 ET - News Release

Mr. Perry Little reports

GREEN RIVER GOLD CORP. RECEIVES DRILL PERMIT FOR 6000 METERS OF DRILLING AT THE QUESNEL NICKEL PROJECT AND A BULK SAMPLING PROGRAM

Green River Gold Corp.'s application to expand mineral exploration activities at the company's 100-per-cent-owned Quesnel nickel project has been approved.

About Green River Gold's exploration plan

The company's mineral exploration permit has been approved for five years, valid until Feb. 28, 2029. The exploration team will first target Zone 1 with infill drilling to complete a National Instrument 43-101-compliant resource estimate. The trenching and bulk sampling will be undertaken to obtain samples for metallurgical, mineralogical and processing testing. The main focus of this year's exploration program will revolve around achieving the following primary objectives listed below:

  • Follow up the man-portable drill program through stepout drilling and begin to delineate the true size of this potential deposit;
  • Complete the required amount of infill drilling needed to complete the NI 43-101-compliant resource estimate;
  • Expand and better define the orientation and distribution of the higher-grade ultramafic-hosted nickel mineralization;
  • Expand the known footprint of the at-surface Zone 1 mineralization containing nickel, magnesium and other important critical minerals;
  • Attempt to locate the source of the metallic vein which was intersected by WK-23-01 in 2023;
  • The bulk sampling program will focus on the nickel and magnesium potential, but will also be used to study the metallurgy of the local talc deposit in Zone 1;
  • The rock samples will be sent to the metallurgy lab to analyze the recovery rate of magnesium, by HCL leaching test (HCL), high-pressure carbonic acid leaching (HPAL) and high-pressure CO2 (carbon dioxide) leaching test. Assays to date have shown an average of approximately 21 per cent magnesium beginning at the bedrock surface.

Perry Little, president and chief executive officer, comments: "We are pleased to be able to move on to a deeper drilling program and a significant bulk sampling program after intersecting nickel, magnesium, cobalt and chromium from surface in each of over 50 shallow drill holes drilled to date. Our deepest holes to date have been just over 100 metres, so we look forward to seeing what we intersect as we go three times as deep with the new drill program. The trenching and bulk sampling will also give us a significant amount of material to use for metallurgical testing to determine the optimal recovery methods for the nickel, magnesium and talc encountered on Zone 1."

Green River Gold is committed to further exploration and development efforts to unlock the full mineral resource potential of this new and exciting multielement project.

Qualified person

Stephen P. Kocsis (PGeo) 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 is a dynamic mining company dedicated to sustainable resource development and innovation in the mineral exploration sector. With a strategic focus on identifying and advancing high-potential mining projects, Green River Gold is committed to creating long-term value for shareholders and stakeholders.

We seek Safe Harbor.

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