Number Of Targets To Be Tested At Ontario Gold Project
Cross River Ventures Corp.’s (CSE:CRVC) technical team’s continuing data compilation and historical review has identified several promising gold targets at its 100% owned, 5,156-hectare, Manitou Gold Project, located within the Uchi Subprovince, NW Ontario, Canada.
Exploration at the Manitou property began in the early 1900’s with trenching, and minor gold production. Modern exploration began in 1965 and continued through 2015 with several companies and small-scale vendors conducting a variety of exploration programs.
Reviewing timelines of the limited historical work suggests periods of lower gold prices interrupted steady exploration on the property. The technical team’s review of work at Manitou shows the potential for shear-zone hosted gold.
The Manitou gold property is located within the eastern margin of the Archean Eagle-Wabigoon-Manitou lakes Greenstone belt approximately 40km south of the community of Dryden. The area has undergone extensive exploration from 1950’s to present day, and the property itself has seen several drill campaigns and sampling programs.
Ongoing activity in this belt by others has uncovered several north-northeast structural zones that rank high for gold potential and the property is situated along the possible extension of these gold-bearing shear zones.
Numerous developed prospects with historic production are situated along the same northeast trending fault zone in close proximity to the property, including the Elora Mine located 500m to the northeast of the property (drill intercepts noted up to 216.85 g/t Au over 0.3m, and 15.5 g/t Au over 6.9m)
The Ontario Mineral Database records 16 gold occurrences within the land position, most of which contain shear-hosted gold and sulfide mineralisation. Several of the occurrences were mined and variable amounts of ore was historically extracted from small-scale workings. Numerous high-grade gold samples have been collected (e.g., 78.1 g/t Au grab sample from the Bird Island occurrence).
