Agoracom Blog

Green River Gold Begins Gold Mining In May As Gold Flirts With $2,300

Posted by Brittany McNabb at 12:06 PM on Friday, April 5th, 2024

If you hit .300 in baseball, you’re a Hall Of Famer

If you shot 50% in basketball, you’re an icon

If you go 50-50 in drilling, you’re Green River Gold

In the dynamic realm of small-cap resources, Green River Gold emerges as a player, offering investors a unique blend of opportunities in both the resilient gold market and the burgeoning battery metals sector. With Gold standing strong as it approaches $2,300 and the electric vehicle revolution igniting unprecedented demand for critical minerals, Green River Gold’s strategic projects in British Columbia position it at the forefront of a transformative era in the resource industry.

GEARING UP FOR PLACER GOLD MINING

The company is gearing up to initiate placer gold mining on their Wabi claims along the Swift River. This marks a significant milestone in their quest for self-sustaining cash flow while advancing exploration ventures simultaneously.

The company staked its claim on six contiguous placer mining territories along the Swift River, rich in history dating back to the Cariboo Gold Rush in the 1870s. With strategic foresight, the Company capitalizes on the region’s potential, aligning its operations with surging gold prices.

COMMENTS FROM GREEN RIVER GOLD CEO PERRY LITTLE 

“With gold prices at current levels, we see the possibility of creating significant cash flow from our placer mining assets. It is our goal to create sufficient revenue from operations to eventually cover at least our annual operating costs so that any money we raise in the capital markets goes directly to exploration or acquisitions. Our primary focus remains the Quesnel Nickel Project and our other mineral properties. In the meantime, any mining activity that produces cash flow for the Company benefits all our shareholders.”

6000 Meters of Drilling at the Quesnel Nickel Project

The company recently secured a drilling permit for their Quesnel Nickel Project, with plans for an extensive 6000-meter drilling campaign. With the green light on a five-year area-based exploration permit, the Company sets the stage for intensive exploration efforts.

Twenty holes, each spanning 300 meters, are earmarked for 2024, promising to unearth invaluable insights into the project. Additionally, a robust ~4,000-tonne bulk sampling program gained approval.

Watch this powerful interview with Perry Little, Green River Gold President and CEO.

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