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    CCR   CA39328D1042

GREEN RIVER GOLD CORP.

(CCR)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Green River Gold Corp :. Adds to Kymar Silver Land Position

02/09/2021 | 04:51pm EDT

(via TheNewswire)



EDMONTON, ALBERTATheNewswire -February 9, 2021Green River Gold Corp. (the “Company”)(CSE:CCR) (CNSX:CCR.CN)is pleased to announce the staking of additional claims contiguous to its “Kymar Silver” Property (the“Property”), located 28 kilometers west of Invermere, British Columbia, along the southeast flank of Mount Catherine in the Golden Mining Division. The claims cover multiple past producers and historical showings:

  • - 154.9 kg silver and 80,644 kg lead produced from 152 tonnes of ore extracted from 2 to 3 m long and 0.5 m wide vein lenses (White Cat Past Producer)

    - 2,000 g/t silver, 3.4 g/t gold, 0.8% copper and 57% lead average grades reported in a 52-tonne bulk sample extracted from a 5 to 60 cm wide quartz-barite vein (Beulah Showing)

    - 198.9 kg silver, 41,415 kg lead and 427 kg zinc produced from 79 tonnes of ore extracted from a quartz vein 30 to 50 cm wide  ( B.C. Tilbury Past Producer)

    - 100 g/t gold and 2,571 g/t silver in a chip sample across a 5 cm wide massive sulfide vein (Excelda Showing)

The claims cover 1,111.38 hectares on the north and east boundaries of the Kymar Silver Project. Mineralization found to date consists of polymetallic veins hosted within the Purcell Supergroup strata, which includes the Mount Nelson and Dutch Creek formations. The most recent exploration on the Property occurred in 1988 and consisted of geological mapping at a scale of 1:10,000.

Perry Little, President and CEO of Green River Gold Corp. noted: “These claims cover a variety of mineralization and significant grades, adding further dimension to the many targets we intend to explore at the Kymar Silver Project. The historical data from this project will be integrated into our existing database and will add to our knowledge of the mineralizing events that occurred at Kymar. We have been searching for silver properties to add to our portfolio since we started Green River Gold in 2017 and have been looking at this area for a while. With the recent headlines surrounding the silver market, we anticipated a possible staking rush in BC, so we decided to act quickly with claim acquisitions in the prospective Kymar area.”

The Company from time to time will publicize the results of its findings during the compilation and analyses of the historical information on the Property.

The contemplated 2021 work program for the Kymar Silver Project will be shared after fully reviewing all available data previously generated on the Property.

The technical data in this new release has been reviewed and approved by Stephen Kocsis, P.Geo. (a qualified person for the purpose of National Instrument 43-101 -  Standards of Disclosure for Mineral Projects).

About Green River Gold Corp.

Green River Gold Corp. acquires and develops placer mining claims and mineral claims.  The Company controls a 100% interest in the flagship Fontaine Gold Project.  The 8,900-hectare Fontaine Gold Project is situated 12 kilometers southwest of Barkerville. The property includes both placer and hard-rock tenures. The properties straddle an 18 km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.’s proposed mine at its Cariboo Gold Project.

The Company also controls a 100% interest in placer mining projects on the Little Swift River, Sovereign Creek, Willow River, and Swift River. The Company rents placer claims to placer gold miners for cash rent, in lieu of a royalty.

Green River Gold Corp. also distributes equipment and supplies for the placer mining industry and purchases raw placer gold from its facility in the heart of the Cariboo mining district in Quesnel, B.C.

Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR atwww.sedar.com

For more information contact:

Green River Gold Corp.

Mr. Perry Little

President and Chief Executive Officer

780-993-2193

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumption. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Copyright (c) 2021 TheNewswire - All rights reserved.

Copyright (c) 2021 TheNewswire - All rights reserved., source Press Releases

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Financials
Sales 2020 0,29 M 0,23 M 0,23 M
Net income 2020 -0,40 M -0,31 M -0,31 M
Net Debt 2020 0,34 M 0,26 M 0,26 M
P/E ratio 2020 -5,70x
Yield 2020 -
Capitalization 3,70 M 2,89 M 2,89 M
EV / Sales 2019 448x
EV / Sales 2020 12,0x
Nbr of Employees -
Free-Float 49,8%
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Managers and Directors
Pearson John Little President, Chief Executive Officer & Director
Shawn Stockdale Chief Financial Officer, Secretary & Director
Ricky James Watters Independent Director
David Upright Independent Director
Vernon Kibblewhite Director
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