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Cross River Ventures - CEO, Alex Klenman.
CEO, Alex Klenman.
Source: Cross River Ventures.
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  • Cross River (CRVC) has confirmed high-grade gold at its Maskootch Project assaying up to 32 g/t gold
  • Highlights from the Wenesaga Road Prospect include 32 g/t gold with 0.79 per cent copper, 22.5 g/t gold, and 8.29 g/t gold with 0.31 per cent copper
  • Three samples from the Maskootch Copper Showing returned 0.30 per cent, 0.09 per cent and 0.06 per cent copper, respectively
  • Further exploration will follow up on the down-plunge extent of mineralization at Wenesaga and anomalous copper mineralization on the west side of Maskooch Lake
  • Cross River Ventures is a gold exploration company focused on properties in northwestern Ontario
  • Cross River (CRVC) is unchanged trading at $0.145 per share

Cross River (CRVC) has confirmed high-grade gold at its Maskootch Project assaying up to 32 g/t gold.

The results stem from recently completed exploration work at the 1,480-ha project along Ontario’s Archean Uchi Greenstone Belt.

The eight-day field program involved prospecting and mapping around areas of historic gold mineralization at the Wenesaga Road Prospect on the west side of the project and the Maskootch Copper Showing on the east side of the project.

Wenesaga Road Prospect

Two samples returned 32 g/t gold with 0.79 per cent copper and 22.5 g/t gold, respectively. A third from the mineralized outcrop returned 8.29 g/t gold and 0.31 per cent copper.

Mineralization is confined to a 30-cm-wide zone of sulfide mineralization that appears to be strongly lineated, plunging 240 degrees at an inclination of 62 degrees.

There does not appear to be any significant strike extent to the showing, though it may be removed in the road cut. Follow-up work will focus on the down-plunge extent of the mineralization.

Maskootch copper showing

Three samples returned 0.30 per cent, 0.09 per cent and 0.06 per cent copper, respectively.

The team mapped an E-W trending horizon nearly continuously over 3 km south of Maskooch Lake. An intermediate volcanic breccia sequence, just south of the contact, shows strong bleaching and chlorite alteration cutting bleached host rocks.

A cursory model of the area indicates that bleached and chloritized intermediate volcanic rocks to the south of the sulfide-bearing horizon may be the footwall alteration system to potential VMS-style mineralization.

On the west side of Maskooch Lake, a ridge of intermediate volcanic tuff sampled 0.15 per cent copper. Mineralization is similar to the east side of Maskooch Lake, suggesting continuity of this strata 3 km to the NW.

The team also identified a new gold showing on the northeastern portion of the property known as the Skootch Showing.

Of the 87 grab/outcrop/subcrop samples collected during the program, four samples returned over 1 g/t gold and four returned copper grades above 0.10 per cent.

Selected results

Sample IDSample methodGold (g/t)Silver (g/t)Copper (%)
D579821Float32.01090.79%
D579823Float22.512.10.07%
D579822Outcrop8.2924.10.31%
D579837Outcrop1.131.200.0%
D579784Outcrop0.042.600.30%
D579811Outcrop0.060.900.14%
D579791Outcrop0.021.820.09%
D579796Subcrop0.031.630.06%

Besides high-grade gold, the program verified the presence of elevated copper values within sulfide-bearing volcaniclastic rocks. Mapping suggests the presence of a hydrothermal alteration system with the potential to host gold-rich VMS-style mineralization down-plunge from known mineralization.

The anomalous copper mineralization encountered on the west side of Maskooch Lake warrants geophysics in the future.

The Maskootch Property is considered underexplored despite its favourable host rock geology. High-priority exploration targets include mafic-felsic rock contacts, margins of mafic-ultramafic intrusions and iron formation host rocks, all of which have yielded significant deposits in the region.

The recent option agreement between Kenorland Minerals and Barrick Gold on ground surrounding Maskootch demonstrates the renewed interest in the region.

Cross River Ventures is a gold exploration company focused on properties in northwestern Ontario.

Cross River (CRVC) is unchanged trading at $0.145 per share as of 10:23 am ET.

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