EDMONTON, ALBERTA – Green River Gold Corp. (the “Company”) is pleased to announce it is prepared to mobilize crews and commence fieldwork on its 100% owned Fontaine Project situated 12 kilometers southwest of Barkerville in the Cariboo Mining District of British Columbia, Canada. The Fontaine Project straddles an 18-kilometer length of the Barkerville and Quesnel Terranes and is contiguous to Barkerville Gold Mines Ltd. mineral claim group and adjacent to other past producing mine sites. Several mineral and placer gold MinFiles are recognized in the Fontaine Project area, ranging from showings, developed prospects and past producers, and at least four placer gold producing creeks.
The 2019 fieldwork will include soil sampling, chip sampling, geological mapping, prospecting and VLF/Mag geophysical ground surveys. The purpose of the work is to define targets for follow-up diamond drill testing.
Further, the Company announces that it plans to undertake a non-brokered private placement of up to 3,000,000 Flow-Through Common Shares (“Flow-Through Shares”) to raise gross proceeds of up to $210,000 (the “Offering”). Each Flow-Through Share will be offered at a price of $0.07. The Offering is expected to close on or about October 31, 2019.
In addition, further to the Company’s news release dated March 13, 2019 whereby the Company announced it was going to pursue the business of manufacturing mining equipment and general welding and mechanical maintenance services, management has decided that it is in the best interests of the Company to no longer pursue a manufacturing business. The Company will continue to focus its efforts on exploration and development including the mineral exploration activities set out in this news release.
Lastly, further to the Company’s news release dated August 12, 2019 whereby the Company announced it has entered into a letter of intent to become the exclusive distributor for Alberta Gold Equipment’s products in Northern British Columbia and the Yukon, management has decided to no longer pursue an exclusive relationship with Alberta Gold Equipment. The Company will continue to supply Alberta Gold Equipment’s products, along with those from other manufactures from its retail location in Quesnel, British Columbia.
Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedar.com
For more information contact:
Green River Gold Corp.
Mr. Perry Little
President and Chief Executive Officer
780-993-2193
This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements relating to the timing for completion of the Annual Filings and other statements that are not historical facts. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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 the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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