Green River Gold Corp. to Commence Placer Gold Mining on the Wabi Claim on the Swift River in May 2024

Green River Gold Corp. has announced the commencement of placer gold mining operations on its Wabi Claim property located on the Swift River, with production scheduled to begin in May 2024. The operation represents a significant milestone for the company as it transitions from exploration to active mining on fully permitted claims.

The company has strategically positioned itself for operational success through its partnership with Gold Rush Supplies Inc., a private affiliate that provides comprehensive operational support. This arrangement gives Green River Gold access to a fully equipped shop facility, all necessary mining equipment and supplies, and experienced mining personnel, effectively reducing startup costs and operational risks typically associated with new mining ventures.

The Swift River placer gold operation demonstrates the company's ability to advance permitted projects to production stage, which is particularly valuable in today's regulatory environment where obtaining mining permits can be challenging and time-consuming. The fact that the claims are fully permitted removes a significant barrier to immediate production and revenue generation.

This development positions Green River Gold to generate near-term cash flow from its placer gold operations while potentially funding further exploration and development activities across its broader property portfolio. The move to production also validates the economic viability of the company's Swift River gold assets and could serve as a platform for expanding operations in the region.