(McVicar Project, Lang Lake Greenstone Belt, NW Ontario, Canada. Image via Cross River Ventures Corp. click to enlarge.)
On Thursday,
Cross River Ventures Corp. (CSE: CRVC, OTC: CSRF, Forum) announced that it had further expanded its project holdings in Northwestern Ontario through the acquisition of a series of additional mineral claims comprising approximately 4,360 hectares located in the vicinity of the Company's existing McVicar Lake Gold Project, located within the Uchi Subprovince, Northwestern Ontario. One cohesive property has been established in the McVicar Lake area from the merging of these new claims merge and completes the consolidation of the Lang Lake Greenstone Belt. Priority structural targets have now been successfully acquired.
CRVC CEO Alex Klenman stated that the newly consolidated McVicar land position now represents a district-scale gold exploration opportunity.
“Limited historical work confirms the excellent gold endowment in one of the best environments in the world for large, economic gold deposits. McVicar has the appropriate structural architecture and is indeed underexplored in relation to other areas within the productive Uchi Subprovince. The aggregate of all factors, including project location, size, structural geometry, prior work, and a lack thereof, represents a unique and highly attractive gold exploration proposition. We think the upside is clear and we're excited to move the project forward.”
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That property had already consolidated the Canadian gold and silver exploration Company’s presence in the region, having only just recently
completed its acquisition of the McVicar Lake Gold Project in northwest Ontario from Argo Gold. The project is located in the Patricia Mining Division, roughly 150 kilometres east of Red Lake and 80 kilometres west of Pickle Lake.
FULL DISCLOSURE: Cross River Ventures Corp. is a client of Stockhouse Publishing.