EDMONTON, ALBERTA – Green River Gold Corp. (the “Company”) is pleased to announce the staking of additional claims contiguous to its “Kymar Silver” Property (the “Property”), located 28 kilometers west of Invermere, British Columbia, along the southeast flank of Mount Catherine in the Golden Mining Division. The claims cover multiple past producers and historical showings:
- 154.9 kg silver and 80,644 kg lead produced from 152 tonnes of ore extracted from 2 to 3 m long and 0.5 m wide vein lenses (White Cat Past Producer)
- 2,000 g/t silver, 3.4 g/t gold, 0.8% copper and 57% lead average grades reported in a 52-tonne bulk sample extracted from a 5 to 60 cm wide quartz-barite vein (Beulah Showing)
- 198.9 kg silver, 41,415 kg lead and 427 kg zinc produced from 79 tonnes of ore extracted from a quartz vein 30 to 50 cm wide ( B.C. Tilbury Past Producer)
- 100 g/t gold and 2,571 g/t silver in a chip sample across a 5 cm wide massive sulfide vein (Excelda Showing)
The claims cover 1,111.38 hectares on the north and east boundaries of the Kymar Silver Project. Mineralization found to date consists of polymetallic veins hosted within the Purcell Supergroup strata, which includes the Mount Nelson and Dutch Creek formations. The most recent exploration on the Property occurred in 1988 and consisted of geological mapping at a scale of 1:10,000.
Perry Little, President and CEO of Green River Gold Corp. noted: “These claims cover a variety of mineralization and significant grades, adding further dimension to the many targets we intend to explore at the Kymar Silver Project. The historical data from this project will be integrated into our existing database and will add to our knowledge of the mineralizing events that occurred at Kymar. We have been searching for silver properties to add to our portfolio since we started Green River Gold in 2017 and have been looking at this area for a while. With the recent headlines surrounding the silver market, we anticipated a possible staking rush in BC, so we decided to act quickly with claim acquisitions in the prospective Kymar area.”
The Company from time to time will publicize the results of its findings during the compilation and analyses of the historical information on the Property.
The contemplated 2021 work program for the Kymar Silver Project will be shared after fully reviewing all available data previously generated on the Property.
The technical data in this new release has been reviewed and approved by Stephen Kocsis, P.Geo. (aqualified person for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects).
About Green River Gold Corp.
Green River Gold Corp. acquires and develops placer mining claims and mineral claims. The Company controls a 100% interest in the flagship Fontaine Gold Project. The 8,900-hectare Fontaine Gold Project is situated 12 kilometers southwest of Barkerville. The property includes both placer and hard-rock tenures. The properties straddle an 18 km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.’s proposed mine at its Cariboo Gold Project.
The Company also controls a 100% interest in placer mining projects on the Little Swift River, Sovereign Creek, Willow River, and Swift River. The Company rents placer claims to placer gold miners for cash rent, in lieu of a royalty.
Green River Gold Corp. also distributes equipment and supplies for the placer mining industry and purchases raw placer gold from its facility in the heart of the Cariboo mining district in Quesnel, B.C.
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
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.
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