Vancouver - Cross River Ventures Corp. (the 'Company') (CSE: CRVC; OTCQB: CSRVF; FWB: C6R) is pleased to report that the Drill Camp construction is underway at the 12,000-ha (120 Km2) McVicar Gold Project, located in the Patricia Mining Division, approximately 150 km east of Red Lake, and 80 km west of Pickle Lake, in the Superior Province, northwest Ontario, Canada.
The Camp is located at kilometre 120 along the Cat Lake Winter Road and will support a planned 5,000-meter diamond drill program scheduled to start in mid February 2022.
Cross River has also received positive results from an initial Geoprobe sampling program designed to expand known gold mineralization (and pathfinder element anomalies) under cover along the Bear Head Trend target area.
The Company utilized a Geoprobe to sample areas with thick overburden at McVicar in September-October 2021. The Geoprobe is a small, track-mounted percussive-hammer driven sediment and top-of-bedrock sampling tool capable of collecting samples up to 20 meters deep. The tool does not generate cuttings, leaves almost no disturbance, and in favorable terrain can collect up to 40 samples per day. Team members have previously successfully utilized Geoprobe technology in the Yukon. 'Camp mobilization is an exciting first step in Cross River's upcoming winter drill program at the McVicar gold project,' said CEO, Alex Klenman. 'Drilling in this first round will be conducted along-strike, down-dip and down plunge at the Altered Zone, in addition to a maiden drill program in the newly discovered Bear Head Trend. The initial Geoprobe results increase our confidence in the Bear Head Trend drill targets,' continued Mr. Klenman.
Geoprobe Sampling Program
A total of 119 samples were collected from the Bear Head Trend using the Geoprobe in September and October of 2021. Most samples did not reach bedrock due to thick sandy horizons and thicker than expected glacial deposits. Despite challenging ground conditions, Gold, and Antimony contain single and multi-station anomalies adjacent to known mineralization, increasing confidence in these target areas. Gold values in the Geoprobe sampling ranged from below detection to 0.039 ppm (mean 0.0014 ppm), and antimony values ranged from below detection to 0.73 ppm.
About The Bear Head Trend
Cross River Ventures field crews discovered the Bear Head Trend during the summer 2021 fieldwork. It is located approximately 600 meters south of the historic Chellow Vein at the southern contact between mafic volcanics and granite along the Bear Head Fault Zone. This geological environment is considered prospective for Archean greenstone gold deposits and contains favorable structural and lithological sites for gold deposition.
The Bear Head Trend is an undrilled, minimum 700m, high-grade gold corridor that is nested within a WNW trending multi-km braided damage zone structure. Key samples collected in 2021 include sheared and silicified mafic metavolcanic rocks with 1-10cm wide smoky blue quartz veins which returned gold values of 19.75 grams-per-tonne ('g/t') gold ('Au') and 1.415 g/t Au.
About the McVicar Project
Cross River's McVicar Gold Project is a district-scale (approximately 12,000 hectares) gold exploration project that contains gold prospective structure and host rocks that transect the entire Lang Lake greenstone belt, located in the Patricia Mining Division, approximately 150 km east of Red Lake, and 80 km west of Pickle Lake, in NW Ontario, Canada.
The McVicar project covers all the major fertile structural and lithostratigraphic elements of the greenstone belt, which is bound to the south by the major NW trending Bear Head Fault zone (within which the historic Golden Patricia Mine is situated).
About Cross River Ventures
Cross River is a gold exploration company focused on the development of top tier exploration properties located in emerging Greenstone Districts of NW Ontario, Canada. The Company controls a 28,000-ha, multiple project portfolio with highly prospective ground in and among prolific, gold bearing greenstone belts. Cross River's common shares trade in Canada under the symbol 'CRVC' on the CSE, and in the US under the symbol 'CSRVF' on the OTCQB.
Contact:
Alex Klenman
Tel: 604-227-6610
Email: aklenman@crossriverventures.com
Web: www.crossriverventures.com
CROSS RIVER VENTURES CORP. 