The Manitou property ('Manitou' or the 'Property') is located approximately 50 kilometers south of the town of
The Ontario Mineral Database records 16 gold occurrences within the land position, most of which contain shear-hosted gold and sulfide mineralization. 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, including a 78.1 g/t Au grab sample from the
The Company has completed significant exploration work to date. Cross River recently completed a property wide very-high resolution helicopter-borne magnetic survey in late 2022. The magnetic survey totaled 1632-line kilometers with a 50-meter line spacing. The magnetic survey was then followed up a Lidar survey to enhance the structural detail of the magnetic survey. The Company awaits data from the Lidar survey at this time. Once received, the magnetic and Lidar data can be interpreted to focus proposed upcoming exploration work on Manitou. Cross River anticipates completing a work program on Manitou this summer season.
Manitou is situated in the Western Wabigoon Geological Subprovince. The bedrock geology of the Property is composed of a series of mafic to intermediate volcanic rocks. Gold has been observed within quartz veins, shear zones and zones rich in sulfide minerals in the
The
Thomas Clarke Named Vice President, Exploration
About
Cross River is a gold exploration company focused on the development of top tier exploration properties located in emerging Greenstone Districts of
Contact:
Tel: 604-227-6610
Email: aklenman@crossriverventures.com
Cautionary Note Regarding Forward-Looking Information
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.
(C) 2023 Electronic News Publishing, source