- Green River Gold (CSE:CCR), a diversified mining stock, is announcing positive drill results from its Quesnel nickel project near Quesnel, British Columbia
- The newest assays average 0.188 per cent nickel over 20.9 metres and 0.172 per cent nickel over 98.58 m
- Since late 2021, the company has drilled 50 holes with XRF results indicating significant nickel, magnesium, cobalt and chromium mineralization
- Green River Gold is a mineral exploration company focused on precious and base metals in British Columbia, including gold, silver, nickel, cobalt and lithium, among others
- Green River Gold stock (CSE:CCR) is up by 25 per cent over the past five years
Green River Gold (CSE:CCR), a diversified mining stock, is announcing positive drill results from its Quesnel nickel project near Quesnel, British Columbia.
The assays stem from drill holes WK-23-04 and WK-23-05, with assays pending for WK-23-06, WK-23-07, and WK-23-08.
Since late 2021, the company has drilled 50 holes over 10 kilometres of the 14 km long Deep Purple magnetic anomaly, all of which show XRF results indicating significant nickel, magnesium, cobalt and chromium beginning at surface and continuing to depth.
Assays so far in 2023 confirm the presence of mineralization from the bedrock surface on the early-stage project:
| Hole ID |
Depth from/m |
Depth to/m |
Nickel average % |
Cobalt average % |
Chromium average % |
Magnesium average % |
| WK-23-01 |
12.8 |
120.9 |
0.184 |
0.009 |
0.100 |
21.9 |
| WK-23-02 |
3.96 |
98.6 |
0.186 |
0.009 |
0.114 |
21.8 |
| WK-23-03 |
7.32 |
74.3 |
0.173 |
0.008 |
0.100 |
21.5 |
| WK-23-04 |
1.50 |
22.4 |
0.188 |
0.009 |
0.113 |
22.3 |
| WK-23-05 |
8.22 |
106.8 |
0.172 |
0.008 |
0.099 |
20.2 |
Source: Green River Gold.
“We are thrilled to see the consistency and continuity of the drill results as we continue to expand the known area of mineralization,” Perry Little, president and CEO of Green River Gold, said in a statement. “We are able to drill throughout the winter months because of our location, only 45 minutes from our large shop in Quesnel. Pending the receipt of permits, our drilling contractor, Gold Rush Supplies, is ready to drill deeper holes so we can move toward the preparation of a 43-101 resource estimate on Zone 1 in the first half of 2024.”
Metallurgical testing on Zone 1 in 2022 showed that core samples contain 0.16 per cent nickel and 0.44 per cent sulphur. QEMSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscopy) bulk mineral analysis indicates that 97.8 per cent of the nickel composites are found in pentlandite, which typically allows for effective recovery using gravity and/or flotation methods.
The current drilling phase has consisted of 641 m over 8 Winkie diamond drill holes to follow up on Zone 1 and Zone 2, large outcrops which have encountered significant nickel, magnesium, chromium and cobalt concentrations at surface.
The next phase of drilling will include 20 NQ diamond drill holes over 6,000 metres to test at depths down to 300 m and expand on the 14 km strike length around and between Zone 1 and Zone 2.
Green River Gold is a mineral exploration company focused on precious and base metals in British Columbia, including gold, silver, nickel, cobalt and lithium, among others.
Green River Gold stock (CSE:CCR) last traded at $0.05 per share. The stock is up by 25 per cent over the past five years.
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