CRS:CC - Crestview Exploration Commences Fall 2023 Exploration Program at the Falcon Property in Elko County Nevada
(TheNewswire)
Calgary, Canada – TheNewswire- October 18, 2023 – Crestview ExplorationInc. ( CSE:CRS ) ( Frankfurt: CE7 ) (“Crestview” or “the Company”) is pleased toannounce that it has mobilized to initiate a sampling program at thehistoric Falcon Mine project in the Tuscarora Mountains of ElkoCounty, Nevada, located approximately 1.5 kilometers south of theCompany’s flagship Rock Creek property. This is the first part of anextensive property wide sampling and mapping program that is expectedto continue aggressively in 2024 upon return of accessibility to theproperty following the coming winter.
Initial work will focus on tracing and sampling theFalcon mine vein north from the Falcon mine entrance towards RockCreek. Outcropping of this quartz vein is visible at the surface overa distance of several hundred meters, and the vein system is known toextend several kilometers north across Rock Creek. Approximately 18veins have been identified on the property raking to the north withmineralization reported over a strike length of greater than 1 ½miles (Roney Long, The Falcon Mine Project report, Bonanza SilverCorporation, October 2, 2000).
Additional sampling is planned along the E-W road cutnear the Falcon and Scorpion workings. This road cut exposes theFalcon and Scorpion mine vein system, and will allow for systematiccontinuous chip sampling across multiple veins and altered host rock.
The Falcon property currently totals 114 claims,comprised of the Falcon Mine Group’s 93 claims optioned by CrestviewExploration Inc on August 31, 2022, and 21 adjacent claims staked inthe fall of 2023.
It is important to note and remind the reader thatreview of historic data received as a result of the Falcon propertyacquisition (News Release dated September 9, 2022) revealed assaysreported from presumed ore shipments from the 1930’s, sampling ofhistoric workings in the 1960’s and 1970’s and bulk assays frompresumed prospect pits. *Noteto reader: most of this historic material lacks sufficient context tobe interpreted with any level of confidence, and none of the datagenerated historically was 43-101 compliant as the data predates thepractice.
Highlights of the data included results from 33 samplescollected within and surrounding the Falcon mine historic workings andshowed assays over 1 opt Ag from 24 of the samples, including 15samples greater than 5 opt. Various certificates including only briefdescriptions, assayed 6,395.1opt Ag , 757.4 opt Ag, 101.72 optAg and 0.11 opt Au , 35.9 opt Ag and 0.07 opt Au, 69.88 opt Ag and 0.06 opt Au , as well as several ranging from 2.5 opt Ag to 36 opt Ag . Another certificate from 1961 describes a “Falcon”sample which assayed 241.2 optAg and a “Scorpion” sample which assayed 2.4 opt Ag .
The samples described above represent highlights fromthe data; however, the reader is encouraged to view the full suite ofinherited assay certificates on the company website.
Crestview is pleased to begin this phase of confirmingthe historic data and building a current standard picture of theFalcon prospective potential.
This News Release has been approved by Alan Morris,M.Sc., CPG #10550. Alan J. Morris is a Qualified Person as defined byNI 43-101 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.
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. The property is located inthe prolific Walker-Lane trend, approximately 44 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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