Cross River Ventures Corp. (CSE: CRVC) has received high-grade gold results from the Bear Head Zone maiden drill programme at the McVicar Project, located 150km northeast of Red Lake, Ontario.
Highlights include:
- Discovery drill hole BH-02 intersected 0.5m of 41.1 g/t gold with visible gold in core at 153.75 m downhole
- Maiden eight-hole diamond drill program tested a new gold trend (the Bear Head Zone) that was discovered in 2021 with surface samples grading up to 19.75 g/t Au
- All eight holes intercepted anomalous gold mineralization greater than 0.25 g/t Au
- Planned follow-up work includes geophysics and step-out drill holes
In the summer of 2021, Cross River completed extensive targeted prospecting work on the McVicar Property located in the Archaean Lang Lake greenstone belt, which resulted in the discovery of a new surface gold trend, the Bear Head Zone” which was drill tested by the company in winter 2022.
The Bear Head Zone is a +700-metre long gold trend with surface samples returning up to 19.75 grams-per-tonne (g/t) gold over coincident LiDAR and magnetic features. No previous drilling has ever been completed at the Bear Head Zone target.
Eight diamond drillholes tested the Bear Head Zone during the winter 2022 programme, and all holes intercepted anomalous gold mineralisation greater than 0.25 g/t Au. Drilling identified an altered and mineralised corridor >710 m long, open to the east and west along strike.
Notable Drilling Intercepts (>0.5 g/t Au) at Bear Head Zone include:
BH-02:
- 5.23 m at 0.51 g/t gold from 72.37 m downhole, including 1.0 m at 1.17 g/t gold
- 1.0 m at 0.61 g/t gold from 90.0 m downhole
- 1.2 m at 0.74 g/t gold from 117.0 m downhole
- 0.5 m at 0.70 g/t gold from 150.1 m downhole
- 0.5 m at 41.1 g/t gold (with visible gold in core) from 153.75 m downhole
BH-03:
- 1.0 m at 0.97 g/t gold from 22 m downhole
- 0.47 m at 3.23 g/t gold from 43.36 m downhole
- 1.15 m at 0.97 g/t gold from 47.85 m downhole
BH-04:
- 1.0 m at 0.90 g/t gold from 125 m downhole
- 1.0 m at 0.81 g/t gold from 155 m downhole
BH-08:
- 1.0 m at 1.1 g/t gold from 133 m downhole
