Green River Gold (CSE:CCR) Continues Intensive Exploration at Quesnel Nickel Project, Intersects Nickel, Magnesium, Cobalt, and Chromium

Source: Green River Gold Corp.

Green River Gold (CSE:CCR) continues to progress its exploration efforts at the Quesnel Nickel Project with the announcement of the ongoing drilling of the project’s 46th hole. A preliminary analysis using X-Ray Fluorescence (XRF) technology suggests that this drill hole manifests mineralization characteristics similar to those found in the preceding 45 holes, starting from the bedrock surface. The Quesnel Nickel Project, situated 40 kilometers east by road from the company’s hub in Quesnel, British Columbia, is fully owned by the company. This location is within the well-known Cariboo Mining District of South Central British Columbia, Canada.

Kyle Townsend, the Mine Manager for Green River Gold Corp., commented in a press release: “We continue to demonstrate the size and consistency of the nickel showing at the Quesnel Nickel Project, with our 45th¬†consecutive drill hole intersecting mineralization from the bedrock surface. These results confirm the presence of nickel, magnesium, cobalt, and chromium over approximately 10 kilometers, further highlighting the significant potential of this project.”

Since the later stages of 2021, the company has implemented drilling initiatives at numerous points over almost 10 kilometers of the 14-kilometer stretch known as the Deep Purple magnetic anomaly. The XRF data for all these holes indicates deposits of nickel, magnesium, cobalt, and chromium beginning from the bedrock surface and extending into the depths. Subsequent assays performed on select drill holes have corroborated the mineralization commencement from the surface.

The first assay results of the 2023 drilling season have been shared by Green River Gold Corp. These findings pertain to drill hole WK-23-01, which was initially announced in a press release dated June 12, 2023. The hole was drilled to a total depth of 120.9 meters, revealing mineralization findings for nickel, cobalt, chromium, and magnesium. The mineral concentrations align with the findings from the 42 holes drilled during late 2021 and throughout 2022.

The assay data revealed a unique and notable serpentine alteration zone within WK-23-01. Starting from the depth of 47.4 meters to 50.8 meters, strong serpentinization was identified. The MSA laboratory in Langley, BC conducted an analysis of samples from this zone, which disclosed average contents of 0.187% nickel, 0.009% cobalt, 0.0963% chromium, and 20.8% magnesium. Moreover, substantial amounts of zinc (0.758%), lead (0.434%), silver (5.3 ppm), and significant gold (0.158 ppm) were discovered in the central section of the altered zone, between 48.3 meters and 48.9 meters, which attests to the presence of high-grade silver, lead, and zinc, along with appreciable amounts of gold.

Another development involves the drilling of hole WK-23-03, performed using a Winkie drill. This operation aimed to ascertain the continuity of the mineralization further along the Deep Purple magnetic anomaly. The extracted core from the surface to a depth of 74.37 meters was scrutinized with an XRF Analyzer and yielded an average of 0.166% nickel, 0.0138% cobalt, 0.160% chromium, and 19.32% magnesium. The mineral data for these elements correspond with the results of prior analyses conducted on the earlier 44 drill holes.

Currently, drilling for hole WK-23-05 is underway. Once the core is extracted, it will be sent to the company’s Quesnel facility for an XRF scan. Green River Gold Corp. plans to drill an additional 600 meters across 8 Winkie diamond drill holes as part of the ongoing phase, continuing the efforts of the 2022 drilling program.

The second stage of this year’s drilling plan also includes 20 planned NQ diamond drill holes, part of a 6,000-meter program to test at depths down to 300 meters and expand on the 14-kilometer strike length around and between Zone 1 and Zone 2. The 2023 program also entails further exploration groundwork at the newly enlarged Fontaine Gold Project. This will involve bedrock mapping, soil and rock sampling, and a geophysical program, with more detailed plans to be announced upon finalization.

 

 

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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