Green River Gold Corp. Provides Update on Its Wabi Placer Mining Project
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) has made significant progress since starting mining operations at its Wabi Placer Mining Project in late June 2024. The company has reported promising results, leading to strategic decisions to enhance production capabilities. Key developments include:
1. Doubling throughput by adding more mining equipment
2. Plans for further expansion of production in the future
3. Intention to add additional placer mining operations to increase cash flow
These initiatives demonstrate Green River Gold's commitment to growth and optimizing its mining operations, potentially leading to improved financial performance and shareholder value.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) ha fatto significativi progressi da quando ha avviato le operazioni minerarie presso il suo Progetto di Estrazione Placer Wabi alla fine di giugno 2024. L'azienda ha riportato risultati promettenti, che hanno portato a decisioni strategiche per migliorare le capacità produttive. Tra i principali sviluppi ci sono:
1. Raddoppio della capacità di produzione tramite l'aggiunta di ulteriori attrezzature per l'estrazione
2. Piani per ulteriori espansioni della produzione in futuro
3. Intenzione di aggiungere operazioni minerarie placer aggiuntive per aumentare il flusso di cassa
Queste iniziative dimostrano l'impegno di Green River Gold per la crescita e l'ottimizzazione delle proprie operazioni minerarie, potenzialmente portando a un miglioramento delle performance finanziarie e del valore per gli azionisti.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) ha logrado avances significativos desde que comenzó las operaciones mineras en su Proyecto de Minería Placer Wabi a finales de junio de 2024. La compañía ha reportado resultados prometedores, lo que ha llevado a decisiones estratégicas para mejorar las capacidades de producción. Los desarrollos clave incluyen:
1. Duplicar la capacidad de producción añadiendo más equipos de minería
2. Planes para una mayor expansión de la producción en el futuro
3. Intención de agregar operaciones de minería placer adicionales para incrementar el flujo de caja
Estas iniciativas demuestran el compromiso de Green River Gold con el crecimiento y la optimización de sus operaciones mineras, lo que podría llevar a una mejora en el rendimiento financiero y en el valor para los accionistas.
그린 리버 골드 코퍼레이션 (CSE: CCR) (OTC Pink: CCRRF)는 2024년 6월 말 와비 플래서 광산 프로젝트에서 채굴 작업을 시작한 이후로 중요한 진전을 이루었습니다. 이 회사는 유망한 결과를 보고했으며, 이는 생산 능력 향상을 위한 전략적 결정으로 이어졌습니다. 주요 개발 사항은 다음과 같습니다:
1. 투입량 두 배 증가를 위한 추가 광산 장비 도입
2. 미래의 생산 추가 확장 계획
3. 현금 흐름 증가를 위한 추가 플래서 광산 작업 추가 의향
이러한 이니셔티브는 그린 리버 골드가 성장과 최적화를 위한 의지를 가지고 있음을 보여주며, 이는 재무 성과 및 주주 가치를 개선할 가능성이 있습니다.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) a réalisé des progrès significatifs depuis le début des opérations minières sur son Projet de Minage Placer Wabi fin juin 2024. La société a rapporté des résultats prometteurs, entraînant des décisions stratégiques pour améliorer les capacités de production. Les développements clés incluent :
1. Doubler le débit en ajoutant davantage d'équipement minier
2. Plans pour une expansion future de la production
3. Intention d'ajouter d'autres opérations de minage placer pour augmenter les flux de trésorerie
Ces initiatives démontrent l'engagement de Green River Gold envers la croissance et l'optimisation de ses opérations minières, pouvant conduire à une amélioration de la performance financière et de la valeur pour les actionnaires.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) hat seit dem Beginn der Bergbauarbeiten in seinem Wabi Placer Bergbauprojekt Ende Juni 2024 erhebliche Fortschritte gemacht. Das Unternehmen hat vielversprechende Ergebnisse gemeldet, was zu strategischen Entscheidungen geführt hat, um die Produktionskapazitäten zu verbessern. Wichtige Entwicklungen umfassen:
1. Verdopplung der Durchsatzrate durch Hinzufügen von mehr Bergbautechnik
2. Pläne zur weiteren Expansion der Produktion in der Zukunft
3. Absicht, zusätzliche Placer-Bergbauoperationen hinzuzufügen, um den Cashflow zu erhöhen
Diese Initiativen zeigen das Engagement von Green River Gold für Wachstum und die Optimierung seiner Bergbauoperationen, was zu einer möglichen Verbesserung der finanziellen Leistung und des Wertes für die Aktionäre führen könnte.
- Addition of mining equipment to more than double throughput
- Plans for future production expansion
- Intention to add more placer mining operations for increased cash flow
- None.
News Release Highlights:
- Additional mining equipment has been added to more than double the throughput
- Plans are being made to expand production further in future and to add additional placer mining operations to provide additional cash flow to the Company
Edmonton, Alberta--(Newsfile Corp. - August 20, 2024) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") has demonstrated steady advancement since commencing mining operations at the end of June 2024, achieving promising results that have led to strategic decisions aimed at bolstering our production capabilities.
About Green River Gold Corp.'s Mining Plan
In recognition of the positive outcomes realized thus far, Green River Gold Corp. has added a second trommel (See Figure 1. below) and additional support equipment to the placer mining operation. This strategic enhancement is expected to more than double production capacity for the remainder of the current mining season. This decision is in line with the Company's commitment to maximizing resource extraction while adhering to sustainable practices that benefit both the environment and our stakeholders.
Figure 1. Placer Mining Equipment on The Wabi Claim
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/220547_31eeb2016432387e_002full.jpg
In addition to this expansion, the Company is actively laying the groundwork to broaden its mining operations to encompass multiple locations in future seasons. This diversification strategy is designed to optimize resource utilization, mitigate risks, and drive further growth and cash flow, solidifying Green River Gold Corp.'s standing as a resilient and forward-thinking player in the mining sector.
The Wabi placer mining claims are located on the Swift River, approximately 45 minutes from Green River's field headquarters in Quesnel, British Columbia. The placer gold mining project is intended to provide immediate cash flow to the Company while it continues to explore its longer‐term mineral growth projects with a focus on both critical minerals and precious metals. The Company has very strong growth platforms with the Quesnel Nickel Critical Minerals Project and the Fontaine Gold and Kymar Silver Projects.
Green River holds six contiguous placer mining claims totaling 255.94 hectares straddling the Swift River, a river which has a significant history of placer mining production dating back to the Cariboo Gold Rush in the 1870's. The Company also holds placer claims on several other creeks and rivers in the Cariboo Mining District. Several of the placer properties are already permitted and bonded. In total, Green River holds 1,110 hectares of placer mining claims along with over 228 square kilometers of mineral claims.
Green River is uniquely positioned to mine the placer claims because of its relationship with its privately held affiliate, Gold Rush Supplies Inc. The two companies share space in a fully equipped shop and office building located in Quesnel, approximately 45 minutes from the Swift River placer claims. Gold Rush Supplies Inc. builds placer mining equipment and provides mining supplies from a retail and shop location in the shared facility. The fully equipped shop and yard provides an excellent location from which to stage the mining operation and to handle all related administration and management functions. The Company's Qualified Person, Stephen P. Kocsis (P.Geo) has decades of experience in placer gold mining and has personally designed and operated placer mining operations.
"We are encouraged by the progress we have made since the launch of our operations, and the results we are witnessing are a testament to our team's hard work and dedication," stated Perry Little, President and CEO of Green River Gold Corp. "The strategic decision to integrate a second trommel reflects our commitment to scaling up production and achieving our corporate objectives, while our plans to explore and mine multiple locations next season will position us for sustained success and expansion. The success of our longer-term projects, including the Quesnel Nickel Project are only enhanced by any operating cash flow from placer mining. Our other projects, including Quesnel Nickel, are also proceeding. A drilling and exploration update will be provided shortly."
Qualified Person:
Stephen P. Kocsis (P.Geo) is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.
About Green River Gold Corp.
Green River Gold Corp. is a dynamic mining company dedicated to sustainable resource development and innovation in the mineral exploration sector. With a strategic focus on identifying and advancing high-potential mining projects, Green River Gold Corp. is committed to creating long-term value for shareholders and stakeholders.
Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project, and Kymar Silver Project which are all located in renowned mining districts in British Columbia.
The Fontaine Gold and Quesnel Nickel properties cover an area exceeding 200 square kilometers and straddle a 32-kilometre length of the Barkerville and Quesnel Terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.
The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,625 hectares, along the southeast flank of Mount Catherine.
In addition, Green River is actively mining some of its 1,110 hectares of placer mining claims in the Cariboo Mining District of Quesnel.
For more information contact:
Green River Gold Corp.
Mr. Perry Little - President and Chief Executive Officer
perry.little@greenrivergold.ca
780-993-2193
Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedarplus.ca.
Forward-Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.
In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.
The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220547
FAQ
What recent updates has Green River Gold Corp (CCRRF) provided for its Wabi Placer Mining Project?
When did Green River Gold Corp (CCRRF) commence mining operations at the Wabi Placer Mining Project?
How is Green River Gold Corp (CCRRF) planning to increase its production capacity?
