공시 • May 16
Cross River Ventures Corp. Begins Phase 1 Field Work at the Manitou Gold Project, NW Ontario, Canada
Cross River Ventures Corp. reported that field work including prospecting and focused mapping has commenced at its 100% owned, 6,570-hectare, Manitou Gold Project, located within the Archean Uchi Subprovince, NW Ontario, Canada. Bayside Geoscience has been contracted to conduct a 2-week reconnaissance program at the Manitou property. This Phase 1 field campaign will focus on assessing gold-bearing structures along strike and
parallel to historic high-grade gold occurrences, within broad NE trending shear zones that transect the property. The field team will evaluate mineralization styles and potential strike extensions, collect samples and field data for analysis, and consider exploration techniques for follow-up property work (e.g. geochemistry, geophysics, drill testing). The Cross River 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. On April 22, 2021, the company announced the expansion of the Manitou project through the acquisition of the Lower Manitou mineral claims, which yield a large contiguous land position. 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 newly consolidated 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, Ontario. The property is underlain by mafic to felsic metavolcanic rocks and course clastic metasedimentary rocks, which are locally intruded by intensely altered granodiorite porphyries with significant sulfide mineralization. Deformation zones are widespread, and alteration is extensive on the property, with regional scale faults and gold-hosting shear zones trending north-northeast. The Manitou area has undergone sporadic exploration from the late 1800's to present day, and the
property itself has seen several drill campaigns and sampling programs, in addition to minor historic gold production. Drilling by St Joes Canada Inc. (1983), and prospecting, sampling, and stripping (Ivar J. Riives, 2003; Rubicon Minerals Corp, 2005; Manitou Gold, 2011) have uncovered several north-northeast trending shear zones cutting through the property. The most notable mineralization discovered to date occurs in 2 parallel NE-trending mineralized shear zones including; a) the Queen Alexandria-Bird Island trend (5 km+ strike length with rock samples to 78.1 g/t Au; DI152F07NW00008), and b) the Reliance Prospect (2 km strike length of well-defined sulfide bearing, quartz flooded shearing over a 20 ft width,
with rocks samples including 9.7 g/t Au, 6 g/t Au, and drill intercepts incl. 1m at 3.36 g/t Au; Manitou Gold, 2011; Riives, 2003; St. Joes Canada; 1983). Both shear zones are open along strike and the Cross River team believes there is potential for untested gold mineralization both in strike extensions and in parallel structures. Subsequent Phase 2 work on the Manitou property will be contingent on results from the initial field program and may consist of follow-up sampling, targeted geochemical surveys, or geophysics designed to define diamond drill targets.