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Cross River Signs Earn-in with Ethos Gold for Fuchsite Lake Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2020) - Cross River Ventures Corp....
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[{"type":"text","content":"Cross River Signs Earn-in with Ethos Gold for Fuchsite Lake Gold ProjectVancouver, British Columbia--(Newsfile Corp. - September 8, 2020) - Cross River Ventures Corp. (CSE: CRVC) (FSE: C6R) (the \"Company\" or \"Cross River\") is pleased to announce that it has entered into a definitive property option agreement (the \"Option Agreement\") with Ethos Gold Corp. (\"Ethos Gold\") (TSXV: ECC), dated September 8, 2020, pursuant to which the parties intend to cooperate in the development of the Fuchsite Lake Gold Project (the \"Project\"), comprising approximately 3,750 hectares located near the town of Armstrong, approximately 300km north of Thunder Bay, Ontario.The Fuchsite Lake claims represent a new greenfield fault zone gold target that has been overlooked and under-explored despite reasonable access and favourable rock types and alteration that commonly accompany large gold discoveries. In addition, the work programs for Fuchsite will be managed by the Ethos technical team, led by Rob Carpenter and Jo Price, Vice President of exploration for Ethos. Mr. Carpenter is a professional geoscientist (PGeo) with more than 30-plus years of corporate and technical mineral exploration experience. He has founded and played key roles in several successful junior mining companies including Kaminak Gold Corp. He led the Kaminak team as CEO from inception in 2005 through acquisition, discovery, and maiden resource calculation of the multimillion-ounce Coffee gold project, Yukon. Kaminak was acquired by Goldcorp in 2016 for over $500 million. In 2014, the Association of Mining and Exploration for B.C. (AMEBC) awarded him and his team the Huestis Award for Excellence in Mineral Exploration for the discoveries at Coffee.Stated Dr. Carpenter: \"The Fuchsite Lake claims represent a new greenfield fault zone gold target that has been overlooked and under-explored despite reasonable access and favourable rock types and alteration that commonly accompany large gold discoveries. We look forward to partnering with Cross River and to starting our work on the project in the next several weeks.\"Stated John Fraser, President & CEO of Cross River: \"We're very pleased to work with Ethos. The track record of their technical team is obviously impressive, and their involvement and endorsement of the project was a critical factor in Cross River's decision to...