CRS.c News Elk County NEVADA 🇺🇸nice News....in Middle of $0.15 PP
Crestview Exploration Announces Claim Expansion at the Falcon and Divide Properties in Elko County, Nevada, and Reports Historic Results from the Falcon Mine
2022-11-22 09:30 ET - News Release
(via TheNewswire)
Calgary, Canada – TheNewswire - November 22, 2022 – Crestview Exploration Inc. ( CSE:CRS ) , ( Frankfurt:CE7 ) (“Crestview” or “the Company”) is pleased to announce a significant expansion of 64 additional unpatented lode mining claims to their claim position in the Tuscarora Mountains of Elko County, Nevada, infilling the gaps between the proximal Rock Creek, Falcon, and Divide properties and bringing the total land position between the three to 260 claims covering an approximate 2,009 hectares or 4,965 acres (see Map 1 below; inset shows previous boundary).
Map 1
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The company added an additional forty-three claims to the Divide property, primarily expanding the position west closing most of the gap with Rock Creek. An additional twenty-one claims were staked at the Falcon property, primarily expanding to the north and covering all available ground between the Falcon and Rock Creek properties. This land expansion represents a significant step toward consolidating the position, and puts the company in a strong position for making a large discovery.
The Company has also completed an initial review of historic data received as a result of the Falcon property acquisition (News Release dated September 9, 2022) and will be posting the source material to the company website at https://crestviewexploration.com/ . The material includes (presumed) ore shipments from the 1930’s (when the mine was active), sampling of the historic workings in the 1960’s and 1970’s, and bulk assays from (presumed) prospect pits. *Note to reader: most of this historic material lacks sufficient context to be interpreted with any level of confidence, and none of the data generated historically was 43-101 compliant as the data predates the practice. Crestview plans to conduct its own sampling program(s) in the coming field season, the first phase of which is designed and ready to commence as soon as conditions permit.
Among this material was a 1979 report outlining an in-depth sampling program within the historic workings of the Falcon mine. The sampling program was described as continuous chip and channel samples, and includes geological and location descriptions. The results include twenty-four of the thirty-three samples measuring greater than 1 opt Ag, fifteen samples greater than 5 opt Ag, and six samples greater than 25 opt Ag. See summary Table 1 of the program below.
VP Exploration Justin Lowe remarked “the Falcon historic material included a lot of intriguing data, but the 1979 sampling program carried out by Ag Au Exploration is especially compelling. The continuous true-width sampling program may be indicative both of the grades associated with the Falcon mine, and that high-grade ore was left in the mine.”
Table 1