CRS:CC - Crestview Exploration Announces Final Results from the 2022 Sampling Program at the Rock Creek Gold Prospect in Elko County Nevada
(TheNewswire)
Calgary, Canada - TheNewswire - December 15, 2022 - Crestview Exploration Inc. ( CSE:CRS ) ( F RA :CE7 )(“Crestview” or “the Company”) is pleased to announce thefinal assay results for the 2022 surface sampling campaign at the RockCreek gold prospect in the Tuscarora Mountains of Elko County, Nevada.A total of 118 samples were collected from across the Rock Creekproperty, and submitted for precious metal and trace elementgeochemistry.
As a reminder to the reader, the Rock Creek propertyconsists of 74 unpatented lode mining claims, but is in closeproximity to (as near as currently possible) Crestview’s Divide andFalcon properties which comprise an additional 186 claims, for a totalof approximately 2,009 hectares or 4,965 acres between the three.Small historical prospecting occurred at all three properties, andmore extensive historic mining occurred at Falcon and Divide.
The surface sampling program has demonstratedwide-spread anomalous gold and silver (see Map 1), including ninesamples with greater than 30 g/t Ag (including a sample of 121 g/tAg), and 32 samples with greater than 0.1 g/t Au (including twosamples with greater than 0.5 g/t Au). The 2022 sampling focused on epithermal quartz veins exposed in outcrop andhistoric prospect pits, and was undertaken in conjunction with 1:2,000scale mapping (see recent release dated November9, 2022).
A previous press release (dated January 16, 2020)described results from the previous sampling program undertaken atRock Creek, which summarized the previously collected 98 surfacesamples and highlighted two gold values over 0.5 g/t (0.543 g/t and0.597 g/t Au) and several samples in the 0.1 g/t to 0.35 g/t Au range.The Rock Creek data also includes inherited gold assay results fromhistoric sampling which included several samples greater than 1 g/tAu.
The faults and quartz veins delineate major structuraltrends of mineralization and alteration at Rock Creek. The quartz veins occur in several structural systems thatdominate the entire Rock Creek property. Highergold and silver grades correlate well with the presence of visiblesulfides (arsenian pyrite) and jarosite in the quartz veins. Elevatedarsenic and barium are ubiquitous in the samples, and there is anotable lack of mercury.
A statistical correlation was carried out on the 2022Rock Creek surface sampling results (Spearman’s rank ordercorrelation method; see Table 1). The strongest correlation with goldmineralization was arsenic and silver, and there was a notable lack ofcorrelation with other predicted elements. *NOTE: Several elements which weregenerally below the detection limit were left out of the correlationtable.
Table 1
Crestview’s VP of Exploration, Justin Lowe comments,"We are very pleased to have completed our 2022 sampling programwhich confirms mineralization over the entire length of our Rock Creekproperty and bodes well for our upcoming drilling program in2023."
Crestview is in the process of integrating this datawith the other results from the 2022 field season, including thehigh-resolution mapping and the HSAMT survey lines to update drilltargets for the 2023 season.
QA/QC
Samples include both chip and grab, primarily fromoutcropping quartz veins; chip samples were collected using a rockhammer. Each sample was placed into a tight weave fabric type samplebag and transported to Paragon Geochemical assay lab in Sparks,Nevada.
The samples were prepared by Paragon to include dryingat 100?, crushing to 70% passing 10 mesh, riffle splitting 250g,and pulverizing to 85% passing 200 mesh. Equipment goes through PreOperation checks for gold contamination. At the beginning of eachsample job, wash rock blanks are crushed and pulverized. Every 40samples is checked for mesh size on the pre-split crushed sample aswell as the pulverized material.
The samples were analyzed for gold using a 30g fireassay, and a multi-element suite including silver was analyzed by AquaRegia and ICP-OES. A prep duplicate (second pulp split from clientsample) is run at random every 37 samples.Results are compared to one-another with a precision tolerancegenerally 20% of each pair’s mean. One certified reference standard(CRM) and one internal reference standard (IRM) is analyzed for eachrack of 42 positions. Each rack also has a duplicate sample and ablank, resulting in 38 client samples per 42.
This News Release was prepared by J.A. Lowe, M.Sc.Geology, and has been approved by Alan Morris, M.Sc., CPG#10550.
Alan J. Morris is a Qualified Person as defined by NI43-101 and has reviewed the scientific and technical disclosureincluded in this news release.
On Behalf of the Board of Directors,
Chris Wensley, CEO
About Crestview ExplorationInc:
Crestview Exploration is anexperienced exploration company focused on the exploration anddevelopment of its portfolioof gold and silver properties located in prolific mining districts ofNevada.
The Rock Creek gold project isCrestview's flagship asset, with 74 unpatented lode mining claimswholly owned and controlled by CRS. The Rock Creek property wasacquired in 2017, and the company went public in 2019. Emboldened bythe results coming out of Rock Creek, Crestview strategically expandedon the land position with the acquisition of the nearby Divide Mineprospect in April 2020, and the acquisition of the Falcon silver-goldprospect in September 2022. Between the three properties, alltargeting similar mineralization and likely the same hydrothermalsystem, Crestview now holds 260 total claims in close proximity of oneanother. These three gold prospects, along with the nearby Castileprospect, are situated in a region with proven "world class"gold deposits (including Midas, Jerritt Canyon, Betze-Post, Meikle,and Gold Quarry), where the potential of finding large, high-gradegold-silver deposits is favourable.
The Cimarron project is located inthe San Antonio Mountains of Nye County, Nevada, and is comprised of31 unpatented lode mining claims, including control of 6 historicallyproducing claims associated with the historic San Antonio mine. Theproperty is located in the prolific Walker-Lane trend, approximately44 kms south of the "world class" Round Mountain deposit.
For further information pleasecontact:
Chris Wensley, Chief Executive Officer
Tel: 1-778-887-3900
Email: Chris@crestviewexploration.com
Forward-Looking Information
This news release includes certaininformation that may be deemed “forward-looking information” underapplicable securities laws. All statements in this release, other thanstatements of historical facts, that address acquisition of theProperty and future work thereon, mineral resource and reservepotential, exploration activities and events or developments that theCompany expects is forward-looking information. Although the Companybelieves the expectations expressed in such statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those in the statements. There are certain factors that couldcause actual results to differ materially from those in theforward-looking information. These include the results of theCompany’s due diligence investigations, market prices, explorationsuccesses, continued availability of capital financing, and generaleconomic, market or business conditions, and those additionallydescribed in the Company’s filings with the Canadian securitiesauthorities.
Investors are cautioned that anysuch statements are not guarantees of future performance and actualresults or developments may differ materially from those projected inthe forward-looking information. For more information on the Company,investors are encouraged to review the Company’s public filings atwww.sedar.com. The Company disclaims any intention or obligation toupdate or revise any forward- looking information, whether as a resultof new information, future events or otherwise, other than as requiredby law .
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITSREGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FORTHE ADEQUACY OR ACCURACY OF THIS RELEASE
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