Calgary, Canada (December 2nd, 2019) – Crestview Exploration Inc. (CSE: CRS) (“Crestview” or the “Company”) announces that their Phase 1 Fall exploration program was completed at the Rock Creek gold property located in Elko County, Nevada. After obtaining access agreements with the neighbouring fee land owners, the company engaged Walsh Reclamation Inc. of Elko, Nevada to rehabilitate the property access roads concurrently with the commencement of the planned litho-geochemical sampling program.
The litho-geochemical sampling program was designed to define and expand areas of known gold mineralization; as well as discover new mineralization in areas exhibiting favourable geology, alteration
and quartz veining. Reconnaissance geological mapping was undertaken along with the litho-geochemical sampling program to better understand the structural features (faults, veins and rock unit contacts) and favourable rock types that control the mineralization on the property.
We collected and analysed 64 rock samples from throughout the property, and geologically mapped it in a reconnaissance level of detail, at a scale of 1:12,000. Our mapping focused on the vein system and its associated alteration features; and identifying the favourable siltstone unit in outcrop.
Preliminary assay results from this work have been received and are currently under review. Geological data collected as part of the sampling and mapping program is being compiled on to a project geological map; which will also be reviewed along with the finalized assay results. Once our review is completed, the results will be released. The findings of this work will be used to guide our Phase 2 exploration work scheduled to be undertaken in the Spring.
VP of Exploration Mark Abrams commented: “I am really pleased to see the episodic silification events recorded in the quartz veins; this bodes well for the presence of a robust mineralizing system. I am also pleased to find the favourable siltstone unit exposed on the surface in the south-central part of the property; which will make testing this unit much easier and less costly.”
Chairman James Liakopoulos commented: “The initial work program will produce valuable visual data and we expect the sampling to confirm further information for drill targeting.”
Two new lode mining claims have been staked based on field observations and historic geochemical data. These two claims were located to cover a newly recognized mineralized quartz vein occurrence in the north-central part of the claim block. The claims extend the strike length of the vein on our property by 1,200 feet. The company’s claim position has now been increased to 74 lode claims.
The company owns a limited amount of historic surface and subsurface data which indicates there are two major gold target types present on the property. First, there are lower to middle Paleozoic age calcareous
siltstone rocks that exhibit silica flooding and anomalous gold mineralization. These rocks are similar in character to rocks described on the Carlin Trend as important gold host rocks. This rock has been found on
the surface in at least two areas in the core of the property; and in outcrops located south of the property at a lower elevation, suggesting the favourable rock extends to depth. Secondly, the property has a well-developed quartz stockworks and vein system which strikes northerly and runs the length of the center of the property. This vein system is also gold mineralized and it is hypothesized the veins and related structures provided the plumbing system needed to allow mineralizing fluids into the favourable sedimentary rocks they crosscut.
The work was conducted and managed by M.J. Abrams; BS and MS Geology, CPG #11451; Idaho PG #570. M.J. Abrams is a Qualified Person as defined by NI 43-101 and has approved the scientific and technical disclosure in this news release.
About Crestview Exploration Inc.:
The Corporation is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Its objective is to identify and develop economic precious and base metal properties of merit and to conduct exploration programs thereon. The company is currently targeting to develop the Rock Creek Project, which is located in the Tuscarora Mountains of north-central Nevada, in Elko County.
For further information please contact:
Glen Watson, Chief Executive Officer
This news release includes certain information that may be deemed “forward-looking information” under applicable securities laws. All statements in this release, other than statements of historical facts, that address acquisition of the Property and future work thereon, mineral resource and reserve potential, exploration activities and events or developments that the Company expects is forward-looking information. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include the results of the Company’s due diligence investigations, market prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking information. For more information on the Company, investors are encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than
as required by law.