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Cross River Refines Exploration Targets at the Manitou Gold Project near Dryden

Feb 26, 2021

Cross River Ventures Corp. has announced that its 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. This 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.

The Manitou Property is underlain by mafic to felsic metavolcanic rocks locally intruded by granodiorite porphyries which are intensely altered and contain significant sulfide mineralization. Deformation and alteration are extensive on the property, with regional scale faults cutting northeast, and shear zones trending north-northeast. 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; MDI 52F07NE 00015).

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 (e.g., 78.1 g/t Au grab sample from the Bird Island occurrence: 

Tags: Northern Ontario / Exploration / Gold / All Articles