Business
Green River Gold Corp. Acquires Additional Mineral Rights at the Fontaine Lode Gold Project
EDMONTON, ALBERTA - TheNewswire - July 29, 2021 - Green River Gold Corp. (the “Company” or “Green River”) (CNSX:CCR.CN) is pleased to announce that the Company
About this update from Green River Gold Corp
[{"type":"text","content":"EDMONTON, ALBERTA - TheNewswire - July 29, 2021 - Green River Gold Corp. (the “Company” or “Green River”) (CNSX:CCR.CN) is pleased to announce that the Company has acquired an additional 38.92 hectares of mineral rights contiguous to the Fontaine Lode Gold Project. The acquired mineral rights are host to talc and nickel mineralization (see the Sovereign nickel showing, Minfile 093A 130). The area covered by these mineral rights was subject to an exploration program targeting the potential for a commercial talc deposit during the 1980’s. The exploration resulted in the preparation of a preliminary talc mining plan in 1986.1 A portion of the area that was explored for talc is located on the claims already held by Green River. The rest of the area of interest is on the newly acquired claims. Talc is a soft mineral and is used in a variety of industries. Talc is used in the production of plastics, ceramics, paint, paper, roofing, rubber, and for other industrial uses. The U.S. Geological Survey (USGS) indicates that total sales of talc by U.S. Producers in 2020 was about 430,000 tons valued at about US $100 million. The USGS estimates total mine production worldwide in 2020 was 5,800,000 tons with about 220,000 tons produced in Canada. To the knowledge of the Company, there are no talc mines in Western Canada. The mineral rights were acquired from an unrelated third party in exchange for 350,000 Common Shares of Green River, issued at a deemed price of $0.06. Kyle Townsend, Mine Manager at Green River comments, “When we acquired the Fontaine Lode Gold project, we were aware of the historical talc exploration work that was done. As our data acquisition and compilation continued, we became more interested in understanding the talc potential of the property. This includes expanding our holdings in the area to encompass the historical showing on Do-Do Creek. According to historical documents this showing appears to be near surface and may be host to promising grades, which we hope to verify later this summer. While our primary focus remains gold, we are encouraged by the presence of both nickel and talc on the property.” 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 flagsh...