The 120 square kilometer
The winter drill program is fully funded, and the Company has received all relevant permits. This initial drill program will focus on two high-grade gold trends located at the
'A lot of prep work has gone into the project so far,' said CEO,
The Winter 2022 drill program builds on the successful Phase 1 field campaign reported in the Company's New Release dated
Importantly, the 2021 field work identified and outlined a new mineralized trend structure south of the historic Chellow Vein, named the 'Bear Head' Zone.
Target One -
The Bear Head is a newly discovered, undrilled, minimum 700-meter-long, high-grade gold corridor, nested within a multi-kilometer gold-bearing crustal-scale break. Two samples collected from sheared and silicified mafic metavolcanic rocks containing smoky-blue quartz veins (1-10 centimeter-wide), returned gold values of 19.75 grams-per-tonne ('g/t') gold ('Au') and 1.415 g/t Au, respectively.
Field crews identified this new trend approximately 600 meters south of the historic Chellow Vein.
The surface exposure of the shear zone shows up clearly as a discrete WNW trending break on the 2021 Lidar survey data. Magnetic data shows a coincident linear anomaly (high and magnetic edge feature).
The drill program will test the extent of the anomaly at depth across the recessive zone at and adjacent to the structural/magnetic breaks which are coincident with the mapped gold zones.
Target Two -
Shallow historic drilling at the prospective
New geologic modelling by Cross River in 2021 utilizes historic drilling data and suggests that the high-grade gold bearing structure continues at depth, coincident with lithologic breaks and a broader damage zone corridor characterized by an intense hydrothermal alteration overprint. The gold bearing structure at the
About the
Cross
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
About
Cross River is a gold exploration company focused on the development of top tier exploration properties located in emerging Greenstone Districts of
Contact:
Tel: 604-227-6610
Email: aklenman@crossriverventures.com
Web: www.crossriverventures.com
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.
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