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Home > News > Cross River announces...

Cross River announces expansion of mineralization at McVicar Gold Project near Red Lake

Aug 3, 2022


Cross River Ventures Corp. has announced results from the Altered Zone drill program at the McVicar Project, located 150km northeast of Red Lake Ontario. Highlights include:

  • Drill Hole AZ-03 contained 14.6 m of 0.55 g/t gold ("Au") including 4.15 m of 1.42 g/t Au
  • Drill Hole AZ-04 contained 1.0 m at 4.45 g/t Au (Figure 1; See Table 1 for complete results)

Planned follow-up work for the Altered Zone target area includes geophysics and step-out drill holes.

New geologic modelling by Cross River in 2021 utilized historic drilling data and this yielded a new interpretation of the Altered Zone geometry and an orogenic gold targeting framework. Furthermore, the geological evaluation suggests that the high-grade gold bearing structure continues at depth, is coincident with lithologic breaks, and is localized within a broader damage zone corridor characterized by an intense hydrothermal alteration overprint. 

The Altered Zone drill program tested the gold grade and continuity along strike, down-dip and down-plunge; is considered open in all directions. The drill program also tested for new gold shoots and domains at several locations along the broader Altered Zone structural trend.

"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," said CEO, Alex Klenman. "New and extended mineralized zones, and an improved understanding of the geology in the region will create a pathway to further successful drill intercepts going forward. We're expanding known zones and discovering others. There's a lot to like with McVicar and we intend to pursue ounces in the ground. We're formulating follow up plans and will announce those once determined," continued Mr. Klenman.

Image removed.
Figure 1: Altered Zone Drill Locations

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7276/132608_2339957144595812_002full.jpg

Six diamond drillholes tested the Altered Zone during the winter 2022 program. Notable Drilling Intercepts (>0.5 g/t Au) at Altered Zone include:

AZ-03:

  • 14.0 meters at 0.55 g/t Au from 113 m downhole 
  • Including 4.15 meters at 1.42 g/t Au from 117.04 m downhole
  • Including 0.56 meters at 4.02 g/t Au from 118.00 m downhole (Picture 2)

Image removed.

Figure 2: AZ-03 intercept of 14.63m grading 0.55 g/t Au (from 113-127.63m), including 4.15m @ 1.42 g/t Au (from 117.04 to 121.9m), and 0.56m @ 4.02 g/t Au (from 118-118.56m), hosted in quartz veins within the "Altered Zone Structure".

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7276/132608_figure%202%20full.jpg

Image removed.


Figure 3: Quartz+carb+pyrite+fuchsite veining including 0.56m @ 4.02 g/t Au (from 118 - 118.56m) hosted in sheared, altered gabbro



Tags: Northern Ontario / Exploration / Gold / All Articles