IRW-News: Cross River Ventures Corp.: Cross River Complete Lidar Survey on Its McVicar Gold Project in Northwestern Ontario, Canada

Vancouver, British Columbia, Canada – June 16, 2021 – Cross River Ventures Corp. (CSE: CRVC) (FSE: C6R) (The Company) is pleased to announce the completion of a comprehensive lidar survey on the Company’s 100% owned McVicar Gold Project. The project is located in the Archean Greenstone Belt of the Uchie Subprovince in northwestern Ontario, Canada.

Eagle Mapping of Langley, British Columbia, completed a lidar survey for McVicar on Tuesday, June 8th. LIDAR stands for Light Detection and Ranging and describes a remote-controlled scanning process in which light in the form of a pulsed laser is used to measure distances (variable distances) from Earth. These light pulses, along with other data recorded by the airborne system, generate accurate, three-dimensional information about the project floor’s surface properties.

LIDAR was chosen as an important exploration method for the following reasons:

1. The property has partially underpinned shear-style gold mineralization at several locations.

2. This part of northwestern Ontario is largely covered by a thin layer (1 – 2 m) of glaciers.

Establishing the extent, orientation and thickness of these shear zones will help identify areas for further exploration and advance drill targets. Lidar overcomes bedrock formations and is used to more accurately identify critical shear zones, and, in general, to characterize the structure of the gold camp. Improved structural knowledge provides the company with a framework to prioritize drilling targets.

Once the company receives the final results from this survey, the soil survey (exploration, mapping and sampling) of the high priority targets will begin later this summer.

https://www.irw-press.at/prcom/images/messages/2021/59013/CRVC-News_Release-160621_DEPRcom.001.jpeg

Figure 1: The McVicar Project with nearby events/historic quarries in the Lang Lake Greenstone Belt, northwestern Ontario, Canada

About the McVicar Project

Cross River’s McVicar Gold Project is a large (~12,000 ha) gold exploration project spanning key structural elements of the entire Lang Lake Greenstone Belt in the Patricia Mining District, approximately 150 km east and north-west of Red Lake. It is 80 km west of Pickle Lake. Ontario, Canada. Expansion of.

The McVicar Project includes all major high-yield structural and geological elements of the belt, bound to the south by the large northwest-trending Bear Head Fault Zone (where Golden Patricia is located).

Historic drilling in the McVicar Lake converted and in the North Flexor Zone includes (AFRI 20000007971):

– 6.46 grams of gold per ton (g/t Au) over 10.09 m (including 29.86 g/t over 1.86 m)

– 5.5 g / t Au 3.6 m . more than

– 11.72 g/t Au 1.52 m . more than

– 33 g / t Au 1.86 m . more than

– 5.0 g / t Au 2.74 m . more than

– 9.3 g / t Au over 2.02 m, ** including

McVicar Lake’s concessions also include the Chelo Wayne Zone, a narrow quartz vein containing minerals ranging from smoky to white quartz with less pyrite and visible gold. The vein system showed high grade gold on the surface. BHP Minerals Canada carried out exploration work in the early 1990s with a series of 34 channel samples normally taken in the vein at approximately two meter intervals along the length of the exposed vein in the trenches. The mean value of the 34 channel samples was 28.8 g/t Au. Three samples (#1078, #1090, #1096) gave the following analysis results:

– 578.1 g / t AU,

– 533.5 g / t au and

– 412.5 g / t au.

Restricted test drilling did not return any significant gold value below known occurrences in the early 1990s. However, Cross River’s engineering team believes that the chelo vein lies in a very wide (one to two kilometers thick) high pressure or deformation zone shaped by a series of parallel shears that have not been systematically tested. Has been done.

Sampling is inherently selective and may not reflect the true grade or type of mineral on the property.

Editing of technical material published in this press release was reviewed and approved by Dr. Rob Carpenter, P.Geo., Ph.D., a qualified individual as defined by National Instruments 43-101. Dr. Carpenter has no close relationship with the company. The company has not verified the historical research results contained in this press release. However, referenced historical reports were written by skilled geoscientists, and copies of laboratory test forms were usually included in the report.

about the company

Cross River Ventures Corp. is a gold exploration company focused primarily on developing high-value exploration concessions in key mining areas. The company has a portfolio of more than 28,000 hectares in the northwest of the Canadian province of Ontario, located in very promising areas within or near the high-yield gold-bearing greenstone belt. The Cross River common stock trades on the CSE under the symbol CRVC.

for board of directors

Cross River Ventures Corp. Alex Kleinman CEO 604-227-6610 [email protected] www.crossriverventures.com

The Canadian Securities Exchange and its regulatory bodies (referred to as regulation service providers in the Association of Canadian Securities Exchanges) assume no responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements. These statements are based on current expectations and assumptions that involve risks and uncertainties. Actual results may differ materially from those described in the Management Statement and Analysis (MD&A) section of our interim and most recent annual reports and other reports and documents for filing with the Canadian Securities Exchange and applicable Canadian securities law. are quite different. We are not obligated to update any forward-looking statements except as required by applicable law.

reference

*Golden Patricia Mine – Harron, GA2009, Technical Report on Three Gold Exploration Properties Pickle Lake Area, Ontario, Canada. GA Harron, P.Eng., GA Harron & Associates Inc. Smyk, M., Hollings, P. and Pettigrew, N., 2015. Geology and mineral deposits of the Pickle Lake Greenstone Belt. Institute on Lake Superior Geology, May 20-24, 2015 Field Trip Guidebook and Pumala, MA 2009. Mineral occurrences of the central and eastern Uchi domains. Ontario Geological Survey, Open File Report 6228.

** Geological Reports, McVicar Lake Project, Wildcat Exploration, H. Kyle, 2011, Gold Mineralized Diamond Drill Holes on the McVicar Lake Property (Modified from McKay, 2003; Thomas, 1987; Thomas, 1988; Waldy, 1993)

^ Assessment report from Ontario’s Northern Development and Mines Department (AFRI 52O11SW9400). Sampling was done by BHP Minerals Canada Ltd. In 1993 under the supervision of CJ Valdi.

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