In a news release, gold exploration company Cross River Ventures Corp. (CRVC:CSE; CSRVF:OTC; C6R:FWB) announced that it has commenced field operations at its wholly owned Manitou Gold Project. The company indicated that the field work includes prospecting and focused mapping at the 6,570-hectare property that lies within the Archean Uchi Subprovince in northwest Ontario, Canada.
The firm stated that it has contracted with Bayside Geoscience to carry out a two-week reconnaissance program at Manitou. The company explained that during phase 1 of the program, Bayside will be tasked with assessing gold-bearing structures along strike and parallel to historical high-grade gold occurrences.
The field team will be mobilized to evaluate mineralization styles and possible strike extensions. As part of its responsibilities, the field crew will gather and collect samples and field data for analysis with the objective of determining the best methods for future exploration work.
Cross River noted that its technical team's "review of historic data from the Manitou property indicates potential for significant shear-zone hosted gold, and the field campaign will focus on areas of interest highlighted by the initial review and target ranking."
The company advised that as it announced in an April 22, 2021, news release, it expanded the Manitou project through the acquisition of the Lower Manitou mineral claims. "The addition of the Lower Manitou claims will allow Cross River to systematically explore prospective shear zones over an 8km+ strike length, contextualize the larger scale geologic controls on known showings, and to seek additional damage zones with the potential to host gold on the property."
The company pointed out that since the late 1800s, the area surrounding Manitou has undergone sporadic exploration and commented that property itself has been the site of sampling efforts, drill campaigns and even delivered a small amount of gold production. The firm reported the most significant results from prior exploration activity included work in the Queen Alexandria-Bird Island trend where rock samples over a 5 km+ strike length returned 78.1 g/t Au and the Reliance Prospect where a 2 km long, 20 foot wide area produced rocks samples measuring 9.7 g/t gold and 6.0 g/t gold along with drill intercepts that returned 1 meter of 3.36 g/t gold.
The firm noted after the first phase of field work is completed, it will take that information and proceed with the second phase, which based upon the information received, may consist of additional sampling, geochemical surveys or geophysics structured to identify diamond drill targets.
Cross River Ventures announced also that it decided not to go forward with exercising options allowing it to acquire the Tahsis Gold Project in northern Vancouver Island. The firm advised that it submitted the termination notice to the project's current owner and will reimburse the owner for certain expenditures as outlined in the terms of the agreement. The company noted that it chose to terminate the agreement in order to concentrate its capital resources on its project portfolio in northwestern Ontario.[NLINSERT]
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