CRS:CC - Crestview Exploration Completes First Phase of Sampling at the Falcon Mine Property in Elko County Nevada
(TheNewswire)
Vancouver, Canada - TheNewswire - November 7, 2023 - Crestview Exploration Inc. ( CSE:CRS ) ( Frankfurt:CE7 ) (“ Crestview ” or“ the Company ”) ispleased to announce that further to the Company’s news release ofOctober 18, 2023, it has completed the first phase of its fallsampling program at the historic Falcon Mine project in the TuscaroraMountains of Elko County, Nevada. The northern boundary of the FalconMine project is located approximately 1.5 kilometers south of theCompany’s flagship Rock Creek property.
The sampling focused on the large vein hosting thehistoric Falcon Mine and Scorpion Mine. The Company was able to tracethe vein at surface over a distance of approximately 1.5 kilometersfrom a prospect pit approximately 100 meters south of the Falcon mineentrance north towards Rock Creek. Forty samples were collected fromvein outcroppings and float at intervals along the vein as well asalong a road cut crossing this vein between the Falcon and Scorpionmine workings. The samples have been delivered to the lab for assayand analysis.
Additional areas and features were noted for immediateexploration and sampling, including continued outcropping of theherein described vein. The Company plans to return as soon as possibleto conduct further field work, weather permitting.
Crestview looks forward to receiving and reporting thefindings of the laboratory analysis currently underway within the nextthree to four weeks.
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:
CrestviewExploration : is anexperienced exploration company focused on the exploration anddevelopment of its portfolio of gold and silver properties located inprolific mining districts of geopolitically stable Nevada, which iscurrently ranked as the number one mining and exploration jurisdictionglobally, by the Fraser Institute.
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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