Cross River Defines New Surface Trend at McVicar Project; Assays Select Grab Samples up to 19.75 g/t Au
Cross River Defines New Surface Trend at
McVicar Project; Assays Select Grab Samples
up to 19.75 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) -
Cross River Ventures Corp.
(CSE:
CRVC) (FSE: C6R) (the "
Company
") is pleased to update shareholders on the progress of the 2021
exploration work at its portfolio of gold projects, located in NW Ontario, Canada.
Phase 1 field work is now complete on all properties.
Sample assay results at the 12,000-ha McVicar
Gold Project have now outlined a new, approximately 700m long, mineralized trend south of the Chellow
Vein.
This trend, which is open in all directions, will now be called the "Bear Head Trend".
A team of four personnel, contracted by Bayside Geoscience of Thunder Bay Ontario, recently
completed a 28-day field program at the McVicar.
The team conducted prospecting and mapping
around areas of historic gold ("Au") mineralization in the Chellow Vein, AGM Zone and Altered Zone
areas.
Additionally, the crew investigated interpreted structural targets across the property.
A total of 354
grab samples were collected during the program with six grab samples returning values of greater than 1
gram-per-tonne "(g/t") Au as summarized in the following table:
Sample ID
Easting
Northing
Target Area
Au (g/t)
B731154
607441
5710259
Bearhead Fault
Zone
19.75
B731272
607346
5710872
Chellow Vein
19.75
B731101
607356
5710874
Point Showing
6.63
B731166
607183
5713343
Chellow Vein
6.45
B731653
596162
5715329
Lang Lake
1.67
B731281
607040
5710285
Bearhead Fault
Zone
1.415
Of these samples, two confirmatory samples taken from the Chellow Vein returned 19.75 g/t Au and 6.63
g/t Au from stripped outcrops.
These samples demonstrate the high grade of the Chellow Vein, and they
are consistent with sampling completed by previous operators.
Two samples taken from approximately 600m south of the Chellow Vein, which returned values of 19.75
g/t Au and 1.415 g/t Au respectively, represent new surface discoveries of Au mineralization at McVicar.
These samples were collected from a sheared and silicified mafic volcanic that contained 1-10cm wide
smokey-blue quart veins.
The samples lie proximal to the southern contact between mafic volcanics and
granites along the Bearhead Fault Zone (Map 2).
Follow up exploration programs will focus on the Bearhead Fault Zone to better define the extent, width,
and grade of Au mineralization.
A single grab sample returned 1.67 g/t Au within a sericite and silica altered intermediate volcanic rock
within the northeast extent of the Bearhead Fault Zone.
No previous sampling in the area returned Au
mineralization.
Further work will be required to determine the significance of this sample in the context of
the Bearhead Fault Zone mineralized system.
Map 1: 2021 sampling overview, McVicar Gold Project, NW Ontario, Canada
To view an enhanced version of Map 1, please visit:
https://orders.newsfilecorp.com/files/7276/98590_8c09fb7354dac81f_002full.jpg
Map 2: The new Bear Head Trend, 550m south of and parallel to the Chellow Vein
To view an enhanced version of Map 2, please visit:
https://orders.newsfilecorp.com/files/7276/98590_8c09fb7354dac81f_003full.jpg
One grab sample from a quartz-carbonate vein located near the historic "Point Showing" returned 6.45
g/t Au.
The vein is observed to be up to 10cm wide and is hosted within weakly sheared gabbro related
to the McVicar Lake Stock.
Map 3: Historic Point Showing, with new 6.45 g/t Au grab sample
To view an enhanced version of Map 3, please visit:
https://orders.newsfilecorp.com/files/7276/98590_8c09fb7354dac81f_004full.jpg
Data Verification, Sampling Procedures & QA/QC
Rock samples were collected by field personnel utilizing rock hammers and placed into poly bags
labelled with a unique station ID and sample number.
Field personnel recorded sample information in a
digital data collector and recorded GPS coordinates, geological observations, and photographs at each
sample location.
Field standards and blanks were inserted into the sample stream every 25
th
sample, alternating
between standard and blank.
All standards and blanks reported in the ALS analytical certificates and all
field standard and blank QA/QC samples were within acceptable values.
Samples were transported by Bayside personnel to the ALS Chemex preparation laboratory in Thunder
Bay, Ontario.
ALS then ships sample pulps to ALS Chemex Vancouver for analysis.
Au values were
determined via fire assay with an ICP-AES finish.
Any Au samples that were above the detection limits
for this method were analyzed via fire assay with a gravimetric finish.
Major and trace element
geochemistry was analyzed via Aqua Regia digest followed by an ICP-MS finish.
* Note: Grab samples are selective by nature and may not be representative of the average grade or
style of mineralization but will be used to help guide additional exploration on the properties.
The technical content disclosed in this press release was reviewed and approved by Mr. Steven
Flank, P.Geo, MSc., a Qualified Person as defined under National Instrument 43-101.
Historical
assay results contained in this press release were not verified by the Company, however,
the historical
reports referenced were authored by experienced geoscientists and copies of laboratory assay sheets
were commonly inserted in the reports.
About the Company
Cross River is a gold exploration company focused on the development of top tier exploration properties
located in emerging Greenstone Districts of NW Ontario, Canada.
The Company controls a 28,0090-ha,
multiple project portfolio with highly prospective ground in and among prolific, gold bearing greenstone
belts.
Cross River's common shares trade in Canada under the symbol "CRVC" on the CSE, and in the
US under the symbol "CSVRF" on the OTCQB.
Please visit
www.crossriverventures.com
for more
information.
On behalf of the Board of Directors of
CROSS RIVER VENTURES CORP.
Alex Klenman
CEO
604-227-6610
www.crossriverventures.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This news release may contain forward-looking statements. These statements are based on current
expectations and assumptions that are subject to risks and uncertainties. Actual results could differ
materially because of factors discussed in the management discussion and analysis section of our
interim and most recent annual financial statement or other reports and filings with the Canadian
Securities Exchange and applicable Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements, except as required by applicable laws.
References
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI52O11SW00007.html
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI52O11SW00004.html
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000000284.html
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI52O11SW00012.html
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/52O11SW2002.html
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/20000007971.html
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/98590