Mr. Perry Little reports
GREEN RIVER GOLD CORP. ANNOUNCES COMMENCEMENT OF FIELDWORK AT
FONTAINE GOLD PROJECT AND FLOW-THROUGH SHARE OFFERING
Green River Gold Corp. is prepared to mobilize crews and commence fieldwork on its 100-per-cent-owned Fontaine
project, situated 12 kilometres southwest of Barkerville in the Cariboo mining district of
British Columbia, Canada. The Fontaine project straddles an 18-kilometre length of the
Barkerville and Quesnel terranes, and is contiguous to Barkerville Gold Mines Ltd.'s mineral
claim group and adjacent to other past-producing mine sites. Several mineral and placer
gold MinFiles are recognized in the Fontaine project area, ranging from showings,
developed prospects and past producers, and at least four placer gold-producing creeks.
The 2019 fieldwork will include soil sampling, chip sampling, geological mapping,
prospecting and VLF (very low frequency)/mag (magnetic) geophysical ground surveys. The purpose of the work is to define
targets for follow-up diamond drill testing.
Further, the company announces that it plans to undertake a non-brokered private
placement of up to three million flow-through common shares to
raise gross proceeds of up to $210,000. Each flow-through share will be
offered at a price of seven cents. The offering is expected to close on or about Oct. 31, 2019.
In addition, further to a previous news release, whereby the
company announced it was going to pursue the business of manufacturing mining
equipment and general welding and mechanical maintenance services, management has
decided that it is in the best interests of the company to no longer pursue a manufacturing
business. The company will continue to focus its efforts on exploration and development,
including the mineral exploration activities set out in this news release.
Lastly, further to the company's news release dated Aug. 12, 2019, whereby the company
announced it has entered into a letter of intent to become the exclusive distributor for
Alberta Gold Equipment's products in Northern British Columbia and the Yukon,
management has decided to no longer pursue an exclusive relationship with Alberta Gold
Equipment. The company will continue to supply Alberta Gold Equipment's products, along
with those from other manufacturers, from its retail location in Quesnel, B.C.
Management cautions that past results or discoveries on proximate land are not necessarily
indicative of the results that may be achieved on the subject properties. Historical results on
the Fontaine property referred to herein are only indications of the presence of mineralization
and are reconsidered to be a guide for additional work.
Stephen Kocsis, PGeo, a qualified person for the purposes of National Instrument 43-101
(Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and
technical disclosure in the news release.
We seek Safe Harbor.
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