Green River Gold Reports Assay Results from the Quesnel Nickel Project, and Confirms Nickel, Magnesium, Cobalt, and Chromium Beginning at the Bedrock Surface for the 50th Consecutive Hole

Green River Gold has released assay results from its ongoing drilling campaign at the Quesnel Nickel Project in British Columbia, marking a significant milestone in the company's exploration efforts. The latest results from 8 drill holes, totaling 641 meters, have returned an average nickel grade of 0.18% and an impressive average magnesium grade of over 21%. The drilling program continues to utilize a Winkie drill while the company awaits permits for a more extensive 6,000-meter NQ drill program consisting of 20 holes.

The most notable aspect of these results is the consistency of mineralization, with the company confirming the presence of nickel, magnesium, cobalt, and chromium beginning at the bedrock surface for the 50th consecutive hole. This streak demonstrates the continuity and scale of the mineralization system at Quesnel, suggesting a substantial and coherent deposit that could have significant economic potential. The presence of multiple critical minerals, particularly nickel and cobalt which are essential for battery technologies, positions this project well within the current focus on energy transition metals.

The high magnesium grades are particularly noteworthy, as magnesium is increasingly important for lightweight alloys and emerging battery technologies. The combination of nickel, cobalt, and magnesium in a single deposit could provide attractive economics and strategic value, especially given the growing demand for these metals in the electric vehicle and renewable energy sectors. The fact that mineralization starts at surface level could also reduce future mining costs and complexity.

Looking forward, the pending 6,000-meter NQ drill program represents a significant escalation in exploration activity that should provide much more detailed geological and grade information. This expanded drilling campaign will be crucial for defining the full extent of the mineralization and advancing the project toward resource estimation. The consistent results to date suggest that Green River Gold may be developing a substantial multi-metal deposit that aligns well with critical mineral supply chain priorities.