Suche
 
Folgen Sie uns auf:

Cross River Ventures Corp. Refines Exploration Targets at the Manitou Gold Project

25.02.2021  |  Newsfile
Vancouver, Feb. 25, 2021 - Cross River Ventures Corp. (CSE: CRVC) (OTC Pink: CSRVF) (FSE: C6R) (the "Company") is pleased to announce that its technical team's continuing data compilation and historical review has identified several promising gold targets at its 100% owned, 5,156-hectare, Manitou Gold Project, located within the Uchi Subprovince, NW Ontario, Canada.

Exploration at the Manitou property began in the early 1900's with trenching, and minor gold production. Modern exploration began in 1965 and continued through 2015 with several companies and small-scale vendors conducting a variety of exploration programs. Reviewing timelines of the limited historical work suggests periods of lower gold prices interrupted steady exploration on the property. The technical team's review of work at Manitou shows the potential for shear-zone hosted gold.

The Manitou gold property is located within the eastern margin of the Archean Eagle-Wabigoon-Manitou lakes Greenstone belt approximately 40km south of the community of Dryden. This area has undergone extensive exploration from 1950's to present day, and the property itself has seen several drill campaigns and sampling programs. Ongoing activity in this belt by others has uncovered several north-northeast structural zones that rank high for gold potential and the property is situated along the possible extension of these gold-bearing shear zones.

The Manitou Property is underlain by mafic to felsic metavolcanic rocks locally intruded by granodiorite porphyries which are intensely altered and contain significant sulfide mineralization. Deformation and alteration are extensive on the property, with regional scale faults cutting northeast, and shear zones trending north-northeast. Numerous developed prospects with historic production are situated along the same northeast trending fault zone in close proximity to the property, including the Elora Mine located 500m to the northeast of the property (drill intercepts noted up to 216.85 g/t Au over 0.3m, and 15.5 g/t Au over 6.9m; MDI 52F07NE 00015).

The Ontario Mineral Database records 16 gold occurrences within the land position, most of which contain shear-hosted gold and sulfide mineralization. Several of the occurrences were mined and variable amounts of ore was historically extracted from small-scale workings. Numerous high-grade gold samples have been collected (e.g., 78.1 g/t Au grab sample from the Bird Island occurrence: MDI 152F07NW00008).



Figure 1: Manitou Gold Project and surrounding claims, NW Ontario, Canada

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7276/75429_18491a43743388b0_002full.jpg



Figure 2: Queen Alexandra-Bird Island Trend, Manitou Gold Project, NW Ontario, Canada

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7276/75429_18491a43743388b0_003full.jpg

The Company is continuing data compilation, review, and analysis on all of its NW Ontario projects. A series of airborne geophysical surveys are planned for Q2 to further delineate priority target areas before groundwork is set to begin late spring and into the summer months. Once targeting is complete the Company plans to drill test the highest priority areas.

* Grab samples are selective by nature and may not represent the true grade or style of mineralization across the property

The technical content disclosed in this press release was reviewed and approved by Dr. Rob Carpenter, P.Geo., Ph.D., a Qualified Person as defined under National Instrument 43-101. Historical assay results contained in this press release were not verified by the Company, however, the historical reports referenced were authored by experienced geoscientists and copies of laboratory assay sheets were commonly inserted in the reports.

About the Company

Cross River is a gold exploration company that is focused on the development of top tier exploration properties in premier mining districts. The Company controls a multiple project portfolio in NW Ontario, Canada, with highly prospective ground in and among prolific, gold bearing greenstone belts. The Company also owns an option to acquire a 100% undivided interest in the Tahsis Property, an early-stage gold exploration property located on Vancouver Island, in the Nanaimo Mining Division, British Columbia. Cross River's common shares trade under the symbol "CRVC" on the CSE.

On behalf of the Board of Directors of

Cross River Ventures Corp.

Alex Klenman
CEO
604-227-6610
aklenman@crossriverventures.com
www.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.

References:

Queen Alexandria: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI52F07SW00008.html Manitou Gold Inc.

West Limb, 2011: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/20000006947.html Manitou Gold Inc.

Mosher Bay West, 2011: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/20000007033.html Manitou Gold Inc.

Harper Lake, 2011: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/20000007140.html Treasury Metals Inc.

Goliath Gold, 2011: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/20000006933.html Manitou Gold Inc.

Harper Lake, 2014: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/20000008118.html

Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Cross River Ventures Corp.
Bergbau
A2P9G6
CA22758R1082
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2021.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"