Calgary, Canada (February 04 2020) – Crestview Exploration Inc. (CSE: CRS) (“Crestview” or the “Company”) announced it has conducted a UAV/drone photogrammetric survey over the entirety of the Rock Creek claim position. The purpose of the survey was threefold. First, we used the collected data to generate a digital surface model (DSM) for building high quality contour maps; secondly, we used the data to generate high resolution orthophotos for geological mapping and other exploration purposes. Lastly, we acquired high-quality video footage of the vein and drill site areas which has now been incorporated into a short aerial tour video of the property which highlights the important target areas.
Utilization of the newly generated maps and orthophotos greatly enhanced our recent geological mapping and surface sampling programs. This spring we will continue sampling and surface work on the Northern portion of the property where initial indications of visual mineralization is possibly trending.
This spring we will continue sampling and surface work on the Northern portion of the property where initial indications of visual mineralization is trending. This will continue to assist in expanding the drill targets for 2020.
About Crestview Exploration Inc:
The Rock Creek Project is a volcanic and sediment-hosted, epithermal precious metal property, which is adjacent to mines with historical production, situated in the Tuscarora Mountains of northern Elko County, Nevada. Together the property comprises 72 unpatented lode mining claims.
The Tuscarora Mountains host the northern end of Carlin-trend mineralization, a cluster of major, large gold deposits. Newmont reported in December 2016 its total Nevada gold reserves at 25.4 million ounces. Barrick Gold Corporation describes the Goldstrike Property in northern Eureka County as its “flagship property,”’ reporting gold reserves at year-end 2016 of 8.1 million ounces. The mine is one of the company’s largest producers, and consists of a series of Eocene to Miocene volcanic centers, which have intruded, and locally covered sequences of upper and lower plate Paleozoic sedimentary rocks. Mineralized Eocene dikes have been found in many of the mines within the Carlin trend, and the temporal and spatial correlation with Carlin-type gold mineralization suggests a genetic link.
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.
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