Green River Gold Corp. Commences 2022 Exploration Drilling Program

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Green River Gold’s 2022 exploration drilling program has started at its Quesnel Nickel/Magnesium project, located 40 kilometres from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

The first phase of the 2022 exploration drilling program will consist of 3 drill holes, approximately 100 meters each, using a portable Winkie drill purchased by the Company late in 2021. The drill sites are being accessed from a major logging road, travelling by snowmobile for the last 3km.

The map that follows shows the locations of the drill holes.. The map also shows the area that will be covered by a new UAV-MAG survey which has been commissioned and is due to commence later this month.

During the 2021 exploration drilling, 9 shallow holes were drilled from a talc outcropping. The assay results for the first of the nine holes were previously released. The hole intercepted 17.80% Magnesium, 0.18% Nickel and 0.15% Chromium over 15 meters beginning right at the surface. Assay results for additional holes are pending and expected very shortly.

Kyle Townsend, Mine Manager for Green River Gold Corp. comments “We are excited to drill these deeper holes on the Project. While much time was spent studying the potential for a talc mine on the property in the 1980s, the holes drilled were all shallow, as were the initial holes drilled by Green River. This is the first time that anyone has attempted to drill this deep on the Quesnel Nickel/Magnesium Project. Our intent is to determine whether the talc occurrence continues to at least one hundred meters and whether the nickel and magnesium content is consistent. This program, combined with the recently commissioned UAV-MAG survey will determine the scale and location of the next phase of drilling.”

The previously completed UAV-MAG survey results over the Quesnel Nickel/Magnesium Project area indicated the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of a favourable ultramafic rock assemblage. These results are similar to the aeromagnetic response in the area of nickel-alloy mineralization found throughout the BC Decar District.

The elevated elements are hosted in serpentinized ultramafic rocks belonging to the Slide Mountain Terrane.

Quesnel Nickel/Magnesium Project Highlights:

There are 3 BC MINFILE occurrences as follows:

  • 093A 013 – Sovereign Creek – developed prospect containing talc and magnesite, and a co-incident nickel sulphide showing.
  • 093A 130 – Sovereign – showings containing talc and nickel sulphides.
  • 093H 061 – R.T. – showing containing nickel, chromium, and cobalt.

Historical records indicate four widely separated areas of talc alteration along with a 1.4- kilometre trend. Having discovered the presence of nickel in the talc mineralization in the area of Do-Do-Creek, the Company will be further investigating the other three known areas of talc alteration for the presence of nickel this season.

Regional Exploration Plan:

Additionally, there will be some upcoming exploration plans for the Fontaine Lode Gold Project, which is contiguous to the Quesnel Nickel/Magnesium Project and is also contiguous to Osisko Development Corp.’s Cariboo Gold Project. Plans are also being made for exploration on the Company’s Kymar Silver Project in southeast B.C. later in the Summer.

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