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Green River Gold (CSE:CCR) intercepted #nickel sulphides at its wholly owned Quesnel Nickel-Cobalt-Talc Project in British Columbia, Canada. Green River Gold CEO Perry Little shares the story of how the company is sitting on nickel and chromium swimming in a sea of talc.
#mining #GreenRiverGold
The recently completed UAV-MAG survey results over the Quesnel Nickel-Cobalt-Talc Project area indicate the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of a favorable ultramafic rock assemblage.
“We’re actually able to get down 60 feet, which is just unbelievable and it pulls up about a 1.4-inch drill core. We drilled nine holes, and we thought to try to re-prove what these fellows had proven in the ‘80s. Because as you know, the 43-101 rules came in and are quite a bit different. You can’t just say, there’s a hole and we got a million ounces of gold. It’s a little different now. So we thought we’d go in and try to re-prove this,” said Little.
Green River Gold intersected one of the drill holes from the ‘80s and according to Little, the results were virtually identical to what they already had back then. The survey showed talc right from the surface. He explained that by around 40 feet, there’s about 85 to 95 percent talc. Talc is about a $3 billion annual market around the world. In the US, 26 percent of talc goes into plastics, 17 percent into ceramics, 61 percent of it goes into paint, and 16 percent into paper.
“We’ll be going down 400 feet by early March. Milled talc is priced at $270 per tonne last year on average and it really varies depending on the clarity, the lightness, and the brightness. We’ve got a property that’s a multi commodity threat. And we’ve just literally scratched the surface of it.”
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