Cross River Ventures Corp. announced results from the Bear Head Zone maiden drill program at the McVicar Project, located 150km northeast of Red Lake Ontario. Highlights include: Discovery drill hole BH-02 intersected 0.5m of 41.1 g/t gold with visible gold in core at 153.75 m downhole; Maiden 8-hole diamond drill program tested a new gold trend that was discovered in 2021 with surface samples grading up to 19.75 g/t Au; All 8 holes intercepted anomalous gold mineralization greater than 0.25 g/t Au; Planned follow-up work includes geophysics and step-out drill holes.

Eight diamond drillholes tested the Bear Head Zone during the winter 2022 program, and all holes intercepted anomalous gold mineralization greater than 0.25 g/t Au. Drilling identified an altered and mineralized corridor >710 m long, open to the east and west along strike. Notable Drilling Intercepts (>0.5 g/t Au) at Bear Head Zone include: BH-02: 5.23 meters at 0.51 g/t gold from 72.37 m downhole including 1.0 meters at 1.17 g/t gold; 1.0 meters at 0.61 g/t gold from 90.0 m downhole; 1.2 meters at 0.74 g/t gold from 117.0 m downhole; 0.5 meters at 0.70 g/t gold from 150.1 m downhole; 0.5 meters at 41.1 g/t gold (with visible gold in core) from 153.75 m downhole.

BH-03: 1.0 meters at 0.97 g/t gold from 22 m downhole; 0.47 meters at 3.23 g/t gold from 43.36 m downhole; 1.15 meters at 0.97 g/t gold from 47.85 m downhole. BH-04: 1.0 meters at 0.90 g/t gold from 125 m downhole; 1.0 meters at 0.81 g/t gold from 155 m downhole. BH-08: 1.0 meters at 1.1 g/t gold from 133 m downhole; Discovery Drillhole: BH-02.Hole BH-02 intersected 0.5m of 41.1 g/t gold in a smoky grey quartz vein with visible gold, chalcopyrite, and pyrrhotite at 153.75m downhole (117m vertical depth).

The quartz vein cross-cuts a locally sheared mafic metavolcanic succession, with a feldspar-porphyry dyke cutting host rocks proximal to the vein footwall. The gold interval is located near the east-west trending contact between volcano-sedimentary host rocks and a tonalite intrusive body. The contact area is characterized by damage zones and abundant shearing, various styles of alteration and veining, as well as feldspar porphyry dikes.

Geological mapping and 3-D modelling work indicates that this high-grade gold intercept projects to the surface along strike with the 19.75 g/t Au surface sample collected in 2021, as well as the 0.47m sample grading 3.23 g/t Au and 1.185% Cu from BH-03.