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Green River Gold Corp. Receives Drill Permit for 6000 Meters of Drilling at the Quesnel Nickel Project and a Bulk Sampling Program

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Green River Gold Corp. Receives Drill Permit for 6000 Meters of Drilling at the Quesnel Nickel Project and a Bulk Sampling Program

Executive Summary

Green River Gold Corp. announced the receipt of regulatory approval for an extensive exploration program at its Quesnel Nickel Project, marking a significant milestone in the company's development strategy. The approved program encompasses 6,000 meters of drilling across twenty surficial drill holes of 300 meters each, scheduled for completion in 2024, along with a substantial 3,999 tonne bulk sampling program and multiple trenching operations.

The five-year area-based exploration permit represents a comprehensive regulatory framework that provides Green River Gold with considerable operational flexibility and long-term planning certainty. This extended timeframe allows the company to conduct systematic exploration activities while adapting to market conditions and geological findings as they emerge. The permit structure demonstrates regulatory confidence in the project's potential and the company's technical capabilities.

This development positions Green River Gold favorably within the critical minerals sector, particularly as nickel demand continues to strengthen due to battery technology and electric vehicle market growth. The approved drilling program will provide crucial geological data to advance resource definition and potentially expand the known mineralization at Quesnel. The bulk sampling component adds significant value by enabling metallurgical testing and processing optimization studies.

The timing of this permit approval aligns strategically with increased government and industry focus on domestic critical mineral development. As supply chain security becomes increasingly important, projects like Quesnel that can contribute to North American nickel production capacity are likely to attract enhanced attention from both investors and potential strategic partners. The comprehensive nature of the approved program positions the company to make substantial progress in 2024 toward advancing the project through key development milestones.
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