Green River Gold Corp. intercepts its highest nickel XRF results to date in Zone 2 of the Quesnel Nickel Project, including 0.355% nickel over 7 meters and individual XRF readings as high as 1.94% nickel

Edmonton, Alberta–(Newsfile Corp. – November 2, 2022) – Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the “Company” Where “green river“) is pleased to provide an update on the progress of the 2022 exploration program at its Quesnel Nickel project, located 40 kilometers from the city of Quesnel, British Columbia, in the prolific Cariboo mining district.

The Company has completed its first two deeper holes of a planned ten-hole drill program in Zone 2. Zone 2 is located approximately 8 kilometers southeast of Zone 1, which is already known to contain nickel, chromium, magnesium and talc, according to previous analyses. drilling. Zone 2 consists of a rocky outcrop covering an area of ​​more than one square kilometre. Zones 1 and 2 are both located along the 14 kilometer long Deep Purple magnetic anomaly.

The nickel on the property is hosted in ultramafic rocks, mainly black phanerite peridotite, belonging to the Slide Mountain Terrane (Crooked Amphibolite). The peridotite shows intense serpentine alteration and strong brecciation. Talc alteration occurs along quartz-calcite veinlets. Core sulphides consist of disseminated pyrite, pyrrhotite and pentlandite. The Slide Mountain Terrane is underlain by metasediments (limestone and sandstone) belonging to the Ramos Succession of the Barkerville Terrane. The metasediments were intersected at 45.8 m in hole WK-22-01 and at 73.15 m in hole WK-22-02.

Drill holes WK-22-01 and WK-22-02 were drilled along the eastern edge of the Slide Mountain Terrane exposure. We expect the next western drill holes WK-22-06 to WK-22-10 to intercept a thicker portion of nickel mineralization in the Slide Mountain Terrane. Nickel mineralization is open in all lateral directions with reference to holes WK-22-01 and WK-22-02.

The drill core was delivered to the Company’s facility in Quesnel and scanned with an XRF analyzer. Drill hole WK-22-01 was drilled to a depth of 81 meters. From surface to 49.2 meters, the nickel content averaged 0.251%. Drill hole WK-22-02 was drilled to a depth of 97.5 meters. From surface to 76 meters, the nickel content averaged 0.263%.

The story continues

Nickel grades recorded with a handheld XRF scanner were higher than those encountered by the company in its previous drill programs in Zones 1 and 2 meters to 19 meters.

Figure 1. Zones 1 and 2 on the Deep Purple target

To see an improved version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7403/142765_41e93a7b64f44bb5_002full.jpg

Figure 2. Zone 2 drill hole locations.

To see an improved version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7403/142765_41e93a7b64f44bb5_003full.jpg

Exercise Winkie Zone 2
Hole XRF Results

Hole #

Meters drilled

Ni Average Hole %

Cr Hole Average %

WK-22-01

From 0 to 49.2

0.251

0.151

WK-22-02

From 0 to 76.0

0.263

0.146

Total meters drilled

125.2

Average on 2 holes

0.258

0.148

The previously reported shallow drill holes in the Area 2 backpack are repeated here for comparison.

Previously reported

Zone 2 Backpack Exercise
Hole XRF Averages

Hole #

Meters drilled

Ni Average Hole %

Cr Hole Average %

FCD-22-01

From 0 to 5.9

0.208

0.141

FCD-22-02

From 0 to 2.0

0.203

0.171

FCD-22-03

From 0 to 3.0

0.245

0.139

FCD-22-04

From 0 to 5.3

0.214

0.165

FCD-22-05

From 0 to 5.2

0.195

0.141

FCD-22-06

From 0 to 4.7

0.191

0.174

FCD-22-07

From 0 to 6.0

0.213

0.133

FCD-22-08

From 0 to 7.0

0.173

0.125

FCD-22-09

From 0 to 4.9

0.161

0.169

FCD-22-10

From 0 to 5.2

0.185

0.128

FCD-22-11

From 0 to 6.0

0.192

0.162

FCD-22-12

From 0 to 3.9

0.229

0.199

FCD-22-13

From 0 to 2.3

0.175

0.150

FCD-22-14

From 0 to 4.4

0.210

0.120

FCD-22-15

From 0 to 6.0

0.187

0.147

FCD-22-16

From 0 to 7.3

0.218

0.166

FCD-22-17

From 0 to 4.5

0.216

0.154

Total meters drilled

83.6

Average over 17 holes

0.200

0.152

Note: XRF data is taken as point values ​​and will not represent the true grade of the analyzed samples. The data items are highly dependent on where the beam intersects the rock. The device used to take the data points is an Olympus Vanta C Series handheld X-ray fluorescence (XRF) and produces a beam spot diameter of up to 3 mm. It is designed to deliver lab-quality results in the field and provides fast and accurate elemental analysis and testing.

Perry Little, President and CEO of Green River comments, “We are pleased to see nickel grades increasing as we drill deeper. We are eagerly awaiting the results of the next 8 drill holes that we plan to drill over the next few weeks. River has yet to drill a hole on the 14 kilometer long Deep Purple anomaly which does not have the same surface nickel and chromium values ​​and we have drilled at various locations over a 10 kilometer stretch of ownership so far. will continue across the entire Deep Purple Anomaly.”

Qualified Person:

Stephen P. Kocsis is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this press release.

About Green River Gold Corp.

Green River Gold Corp. is a Canadian-based mineral exploration company focused on its wholly-owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project and Kymar Silver Project, which are located in renowned mining districts of British Columbia.

The Fontaine and Quesnel properties straddle the Barkerville and Quesnel terranes for 18 km and are contiguous to the group of mineral claims of Osisko Development Corp. containing a proposed mine site on its Cariboo gold project.

The Kymar Silver Project is located in southeastern British Columbia, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is comprised of two mining tenures, totaling 1,625 hectares, along the southeast flank of Mount Catherine.

For more information contact:

Green River Gold Corp.
Mr. Perry Little – President and CEO
[email protected]
780-993-2193

Additional information about Green River Gold Corp. can be found by consulting his profile on SEDAR at www.sedar.com.

Forward-Looking Information: This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Expressions such as “plans”, “expects”, “believes”, “estimates”, “could”, “intends”, “may”, “plans”, “predicts”, “projects” , “will”, “would” and other similar expressions, or the negative form of these terms, generally indicate forward-looking information. 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 press release is based on what management considers to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information because it is inherently uncertain, and there can be no assurance that the expectations reflected in such information will prove to be accurate. The forward-looking information contained in this release is made as of the date hereof and, except as required by applicable securities laws, the Company undertakes 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 registration requirements. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which such offer, solicitation or sale would be illegal. .

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142765

. Green River Gold Corp intercepts its results nickel XRF the high day in area project Quesnel Nickel included nickel on meters of the readings XRF individual also high nickel

. Green River Gold Corp intercepts highest nickel XRF results date Zone Quesnel Nickel Project including nickel meters individual XRF readings high nickel

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