Vancouver, British Columbia, Canada - Cross River Ventures Corp. (the 'Company') (CSE: CRVC; OTCQB: CSRVF; FWB: C6R) is pleased to announce results from the Altered Zone drill program at the McVicar Project, located 150km northeast of Red Lake Ontario. Highlights include:
Drill Hole AZ-03 contained 14.6 m of 0.55 g/t gold ('Au') including 4.15 m of 1.42 g/t Au
Drill Hole AZ-04 contained 1.0 m at 4.45 g/t Au (Figure 1; See Table 1 for complete results)
Planned follow-up work for the Altered Zone target area includes geophysics and step-out drill holes.
New geologic modelling by Cross River in 2021 utilized historic drilling data and this yielded a new interpretation of the Altered Zone geometry and an orogenic gold targeting framework. Furthermore, the geological evaluation suggests that the high-grade gold bearing structure continues at depth, is coincident with lithologic breaks, and is localized within a broader damage zone corridor characterized by an intense hydrothermal alteration overprint.
The Altered Zone drill program tested the gold grade and continuity along strike, down-dip and down-plunge; is considered open in all directions. The drill program also tested for new gold shoots and domains at several locations along the broader Altered Zone structural trend.
'We are pleased with the progress made during 2021-2022 at McVicar, and in particular with the drill results at the Bear Head and Altered Zones,' said CEO, Alex Klenman. 'New and extended mineralized zones, and an improved understanding of the geology in the region will create a pathway to further successful drill intercepts going forward. We're expanding known zones and discovering others. There's a lot to like with McVicar and we intend to pursue ounces in the ground. We're formulating follow up plans and will announce those once determined,' continued Mr. Klenman.
About the Altered Zone
Shear-hosted gold mineralization in the Altered and North Flexure Zones (Fig. 2) has been drill-tested historically and returned results including 6.46 g/t Au over 10.09m (including 29.86 g/t over 1.86m), 5.5 g/t Au over 3.6m, 11.72 g/t Au over 1.52m, 33 g/t Au over 1.86m, 5.0 g/t Au over 2.74m, and 9.3 g/t Au over 2.02m, among numerous other high-grade intercepts (summary of historic drilling listed in Wildcat Exploration Ltd, 2013 report; Table 2). Structural interpretation along this shear corridor using airborne magnetic data from 2011 has revealed several potential structural splay zones associated with the Altered and North Flexure occurrences, suggesting opportunities for new discoveries along with trends and parallel to these significant previously known occurrences.
About the McVicar Project
Cross River's McVicar gold project is situated in the Superior Province of northern Ontario, Canada. The greenstone belts within the Superior Province contain some of the largest economic gold deposits in the world. McVicar encompasses the geologically significant structural components of the Lang Lake greenstone belt, an underexplored belt located approximately 40 km north of the historic Golden Patricia Mine (619,796 oz at 15.2 g/t Au)*.
The 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 (Figure 3).
The property 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).
Historic drilling at McVicar Lake in the Altered and North Flexure Zones include:
6.46 g/t Au over 10.09 m including 29.86 g/t Au over 1.86 meters
5.5 g/t Au over 3.6 m including 12.2 g/t Au over 0.98 meters
The McVicar property also host the Chellow Vein zone, which is a narrow quartz vein that consists of smoky grey to white quartz mineralized with minor pyrite and visible gold. The vein system yielded high grade gold at surface including grab samples that assayed 827.4 g/t Au and 578.1 g/t Au.
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 over 20,000-ha within a multiple project portfolio containing 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:
CROSS RIVER VENTURES CORP.
Alex Klenman
CEO
T: 604-227-6610
E: aklenman@crossriverventures.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the Canadian Securities Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
CROSS RIVER VENTURES CORP. 
