Green River Gold (CSE:CCR) has intercepted nickel sulfides at its wholly owned Quesnel nickel-cobalt-talc project in BC, 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.
A recently completed UAV-MAG survey over the Quesnel nickel-cobalt-talc project area indicates the presence of highly magnetic rocks coincident 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,” Little said. “We drilled nine holes, and we thought to try to reprove 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’ve got a million ounces of gold. It’s a little different now. So we thought we’d go in and try to reprove this.”
Green River Gold intersected one of the drill holes from the ’80s, and according to Little, the results were virtually identical to the ones produced back then. The survey shows talc right from the surface. He explained that by around 40 feet, there’s about 85 to 95 percent talc.
According to Little, the global talc market is worth around US$3 billion. In terms of usage in the US, 26 percent of talc goes into plastics, 17 percent into ceramics, 16 percent into paint and 16 percent into paper.
“We’ll be going down 400 feet by early March,” Little said. “Milled talc was priced at US$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.”
Watch the full interview of Green River Gold CEO Perry Little above.
Disclaimer: This interview is sponsored by Green River Gold (CSE:CCR). This interview provides information that was sourced by the Investing News Network (INN) and approved by Green River Gold in order to help investors learn more about the company. Green River Gold is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Green River Gold and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.