Green River Gold
Green River Gold Corp. (CCR on the Canadian Securities Exchange) was founded in the summer of 2017 to seek opportunities in the Historic Cariboo Mining District of British Columbia, Canada.
Combining Hard Rock Gold Potential with Near Term Cash Flow in the Cariboo
The Company’s executive saw near term cash flow potential in the placer mining industry and also recognized the great potential for hard rock gold discoveries based on the rich mining history of the Cariboo District. With the assistance of locally based geological consultants and miners, the Company set out to find both placer and mineral properties with good potential.
The company announced its first acquisition, The Fontaine Lode Gold Project in March of 2019. The deal, for approximately 90 Sq Km of mineral claims, closed in August 2019.
One month after the initial acquisition closed, the area began to draw attention when the Company’s neighbour, Barkerville Gold Mines Ltd., was acquired by Osisko Gold Royalties Ltd. for $335 million.
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On August 1, 2020 the Company moved to a new, larger facility located at 3650 Hwy 97 North, in the north end of Quesnel, BC. The Company’s retail operations and office space are now housed in an 6,000 square foot commercial/industrial building that it shares with an affiliated private company that manufactures mining equipment. The facility sits on a 2-acre lot and has an additional 3000 square feet of office space on the second floor which will provide space for administrative staff, mining consultants and geological consultants.
Supplying mining equipment of all sizes to the Cariboo Mining District, the Green River Gold Store sells items as small as gold pans, and as big as large scale trommels. Check out our storefront at 3650 Hwy 97 North in Quesnel, BC,
115, 6220 Fulton Road
Edmonton, AB, Canada
Green River Gold Corp. began trading on the Canadian Stock Exchange under the symbol CCR on September 6, 2017. Previously, the Company had been known as Greywacke Exploration Ltd. and traded under the symbol GWL. The current management team took over management on May 17, 2017.
current environment for placer mining
The current environment for placer mining is the best that it has been in decades. One of the prime determinants of success in placer mining is the ratio of the gold price to the oil price. That ratio is currently near an all-time high. Historically, placer mining tends to enjoy a resurgence during times of economic dislocation. The current global pandemic has created just that economic dislocation for many people.
Green River Gold Corp. has a story with many moving parts. The diverse opportunities and multiple businesses that the Company is involved in sometimes distract from the fact that central to the company’s future is the Fontaine Lode Gold Project, a very compelling 89 square kilometre mineral property.