- Cross River Ventures Corp. (CRVC) has expanded a known gold mineralization zone at the McVicar Project in Ontario
- The program tested the gold grade and continuity along strike and is open in all directions
- Cross River has planned follow-up work for the altered zone target area
- Data suggests a defined high-grade gold bearing structure continues at depth
- Cross River Ventures Corp. (CRVC) is down 10.00 per cent and is trading at $0.04 per share as of 4:09 p.m. ET
Cross River Ventures (CRVC) has expanded a known gold mineralization zone at the McVicar Project in Ontario.
According to the company, the Altered Zone drill program tested the gold grade and continuity along strike and is considered open in all directions. The drill program also tested for new gold along the broader structural trend within the same area.
“We are pleased with the progress made during 2021-2022 at McVicar, and in particular with the drill results at the Bear Head and Altered Zones… and an improved understanding of the geology in the region will create a pathway to further successful drill intercepts going forward… There’s a lot to like with McVicar and we intend to pursue ounces in the ground,” CEO of Cross River, Alex Klenman, said.
Cross River stated it has planned follow-up work for the altered zone target area, including geophysics and step-out drill holes. The geological evaluation suggests a defined high-grade gold-bearing structure continues at depth.
Cross River’s McVicar Project is nestled within northern Ontario and is a district-scale gold exploration project that contains prospective host rocks that bisect the eastward Lang Lake greenstone belt. Historical drilling at the project has recovered average grades of gold.
The company also shared that the McVicar property hosts the Chellow Vein zone. The zone is a narrow quartz vein system that yielded high-grade gold at surface, including grab samples that assayed 827.4 grams of gold per tonne and 578.1 grams of gold per tonne.
Cross River Ventures Corp. (CRVC) is down 10.00 per cent and is trading at $0.04 per share as of 4:09 p.m. ET.