EDMONTON, ALBERTA – Green River Gold Corp. (the “Company”) is pleased to announce the acquisition of the “Kymar Silver” Property (the “Property”). The 102-hectare Property is located 28 kilometers west of Invermere, British Columbia, along the southeast flank of Mount Catherine in the Golden Mining Division.
The Kymar Silver Property includes a past producing mine known as the M. T. Fraction hosted in dolomite of the Mount Nelson Formation. The mineralized occurrence was explored in a small adit and consist of a quartz-carbonate vein 20 to 30 centimeters wide. Limited production (32.7 tonnes) at the turn of the 20th century yielded 254.6 kilograms of silver, 1,655 kg of copper, and 39 kg of lead. The ore mined included galena, tetrahedrite, chalcopyrite and minor sphalerite. The vein is within a dilatant zone along a normal fault, which strikes southeast and dips 80 degrees west.1
Kyle Townsend, Green River Gold Corp.’s Mine Manager for the Kymar Silver Project states, “We have an appreciable amount of historical data to compile and interpret on this project. We will focus on interpreting the dataset and keep our field expenditure on this project to a minimum this year. We plan to prioritize due diligence and hope to confirm some of the significant historical results on the property”.
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. (a qualified person for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects).
1 BC MINFILE 082KSE055
https://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSE055
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
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.
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