Source: Cross River Ventures Corp.
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  • Cross River (CRVC) has completed a full Lidar survey at its McVicar Gold Project
  • The project is located within the Archean Lang Lake Greenstone Belt of the Uchi Subprovince in northwestern Ontario
  • The project covers all the major fertile structural and geologic elements of the belt
  • Cross River owns a 100-per-cent interest in the McVicar project
  • Cross River Ventures is down 3.12 per cent, trading at C$0.16 at 12:08 pm ET

Cross River (CRVC) has completed a full Lidar survey at its McVicar Gold Project.

Lidar, which stands for Light Detection and Ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges to Earth.

Light pulses, combined with other data recorded by the airborne system, generate precise, three-dimensional information about the surface characteristics of the project ground.

The 100-per-cent owned project is located within the Archean Lang Lake Greenstone Belt of the Uchi Subprovince in northwestern Ontario.

The McVicar Gold Project is a district-scale gold exploration project that covers the main structural elements of the entire Lang Lake greenstone belt located in the Patricia Mining Division, approximately 150 kilometres east of Red Lake, Ontario.

The project covers all the major fertile structural and geologic elements of the belt, which is bound to the south by the major northwest trending Bear Head Fault zone.

The McVicar Lake claims are also host to the Chellow Vein zone, which is a narrow quartz vein that consists of smoky grey to white quartz mineralized with minor pyrite and visible gold. The vein system yielded high grade gold at surface.

Exploration work in the early 1990’s by a previous company returned a series of 34 channel samples that were cut normal to the vein at approximately two meter intervals along the length of the vein exposed in the trenches.

Limited drill testing below the known showings in the early 1990’s didn’t yield significant gold assay values; however, the Cross River technical team believes the Chellow Vein is hosted in a much broader high-strain or deformation zone characterized by a series of parallel-trending shears that have not been systematically tested.

Cross River is focused on the development of top tier exploration properties in premier mining districts. The company controls a multiple project portfolio in northwestern, Ontario, with highly prospective ground in and among prolific, gold bearing greenstone belts.

Cross River Ventures is down 3.12 per cent, trading at C$0.16 at 12:08 pm ET.

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