Business
Green River Gold Provides Update on Its Wabi Placer Mining Project
News Release Highlights: Additional mining equipment has been added to more than double the throughput Plans are being made to expand production further in futu
About this update from Green River Gold Corp
[{"type":"text","content":" News Release Highlights: Additional mining equipment has been added to more than double the throughput Plans are being made to expand production further in future and to add additional placer mining operations to provide additional cash flow to the Company Edmonton, Alberta--(Newsfile Corp. - August 20, 2024) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the \"Company\" or \"Green River\") has demonstrated steady advancement since commencing mining operations at the end of June 2024, achieving promising results that have led to strategic decisions aimed at bolstering our production capabilities. About Green River Gold Corp.'s Mining Plan In recognition of the positive outcomes realized thus far, Green River Gold Corp. has added a second trommel (See Figure 1. below) and additional support equipment to the placer mining operation. This strategic enhancement is expected to more than double production capacity for the remainder of the current mining season. This decision is in line with the Company's commitment to maximizing resource extraction while adhering to sustainable practices that benefit both the environment and our stakeholders. Figure 1. Placer Mining Equipment on The Wabi Claim In addition to this expansion, the Company is actively laying the groundwork to broaden its mining operations to encompass multiple locations in future seasons. This diversification strategy is designed to optimize resource utilization, mitigate risks, and drive further growth and cash flow, solidifying Green River Gold Corp.'s standing as a resilient and forward-thinking player in the mining sector. The Wabi placer mining claims are located on the Swift River, approximately 45 minutes from Green River's field headquarters in Quesnel, British Columbia. The placer gold mining project is intended to provide immediate cash flow to the Company while it continues to explore its longer‐term mineral growth projects with a focus on both critical minerals and precious metals. The Company has very strong growth platforms with the Quesnel Nickel Critical Minerals Project and the Fontaine Gold and Kymar Silver Projects. Green River holds six contiguous placer mining claims totaling 255.94 hectares straddling the Swift River, a river which has a significant history of placer mining production dating back to the Cariboo Gold Rush in the 1870's. The C...