Agoracom Blog

Unearthing Opportunities: Green River Gold’s Impressive Streak Continues

Posted by Brittany McNabb at 4:17 PM on Monday, October 2nd, 2023

If you’re familiar with sports, you know that hitting 47 out of 47 shots is exceptional. But if you go 47 for 47 in drilling, then you’re Green River Gold. That’s exactly what the company has achieved in their Quesnel Nickel Project.

 The Quesnel Nickel Project: A Phenomenal Streak

The project spans an impressive 14 kilometers and covers seven square kilometers in total. What’s remarkable is the consistency of the findings. Every hole drilled has shown consistent nickel, chromium, cobalt, and magnesium, with over 21% magnesium content. This is crucial, especially as demand for battery metals skyrockets due to the electric vehicle revolution.

 The consistency is not only impressive but also economically significant. It means that Green River Gold can easily calculate the value of the rock over this extensive area. They’ve been drilling shallow holes, just over a hundred meters deep, and still hitting the same valuable minerals. As they plan to drill deeper, up to 300 meters, the resource estimate is expected to be even more substantial.

The Value of Consistency: Insights from Kyle Townsend

When the Mine Manager, Kyle Townsend, states that these findings validate the potential for a significant and continuous mineral resource in the project area, it carries weight. Townsend isn’t one to exaggerate, and he’s known for being meticulous. The consistent results from 47 consecutive holes are convincing even the skeptics.

One intriguing discovery was a strip of material different from the main product, showing lead, zinc, silver, and gold. This suggests the possibility of a distinct system beneath the surface, indicating further potential. With deeper drilling planned, there’s immense curiosity about what else might be uncovered.

Beyond Nickel: The Hidden Value of Magnesium

While nickel is the primary focus, the high magnesium content, consistently over 21%, presents a hidden value. Magnesium is used in alloys with aluminum, making it crucial for lightweight and durable applications, like car parts. Additionally, emerging battery technologies may increase demand for magnesium in the future, potentially positioning it as a battery metal.

 The Kali Pegmatite Project: A New Frontier 

While the Quesnel Nickel Project takes center stage, Green River Gold is also exploring the Kali Pegmatite Project. Early signs are promising, with pathfinders indicating potential for lithium and rare earth elements. The area is easily accessible, which, combined with recent logging activities, provides valuable exposure to geological formations.

A Strategic Focus on Home Turf

Green River Gold’s strategy is clear: stay close to home. By focusing on projects in Canada, specifically British Columbia, they mitigate geopolitical risks and leverage the growing demand for battery metals within North America. This approach, combined with their track record of acquiring undervalued properties, positions them for long-term success.

As the world grapples with a growing need for critical minerals, Green River Gold’s projects are becoming increasingly valuable. Their dedication to meticulous exploration and strategic positioning within safe jurisdictions bodes well for both short-term advancements and long-term success.




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