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Crestview Exploration comments on recent activity near its Castile Mountain prospect in Tuscarora, NV
Calgary, Canada – TheNewswire - May 11, 2022 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or “the Company”) is encouraged by the recent
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":"Calgary, Canada – TheNewswire - May 11, 2022 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or “the Company”) is encouraged by the recent exploration activity carried out by American Pacific Mining on their Tuscarora project which is located approximately 2 km NE of Crestview’s Castile Mountain prospect. The Castile Mountain property is one of three prospects in the Tuscarora district held by Crestview including the Rock Creek and Divide prospects which are located approximately 12 kilometers north-northwest. American Pacific Mining (APM) announced completion of drilling of 13 of a possible 70 holes at its Tuscarora play, where APM reported chip and surface samples containing up to 21,032 g/t Au and 38,820 g/t Ag. Another sample which reportedly contained 2,850 g/t Au is within approximately 3.8 km of Crestview’s Castile Mountain prospect to the SW. APM is targeting a low sulfidation epithermal vein system, similar to Crestview’s target concept at Castile. Chris Wensley, CEO, commented “We are encouraged by the sampling results and current drilling activity reported by American Pacific Mining on its nearby claims and what this means for Crestview Exploration Inc in terms of validating our footprint and exploration program in the area.” The surface footprint of gold mineralization identified by APM suggests the potential for a much larger and more extensive mineralizing system around the historic pit lake. Moreover, the Tuscarora mining district is located just NE of the prolific Carlin Trend in Elko County, NV, and is in close proximity to major gold deposits on 3 sides (Figure 1), including: the Midas mine, which has produced more than 2.2 Moz Au 26.9 Moz Ag and has proven and probable reserves amounting to another 2.73 Moz Au and 199.92 Moz Ag from an epithermal Ag (Au) deposit (Hecla Mining Company Website – 2022), is located approximately 35 km to the west-southwest (WSW); the Goldstrike operation, which includes both the Betze-Post open pit and the Meikle underground and boasts a combined 11.88 Moz Au production with another 8.53 Moz Au of proven and probable reserves from a Carlin-type gold deposit (Technical Report on the Goldstrike Mine, Eureka and Elko Counties, State of Nevada, USA NI 43-101 Report – 2019), is located approximately 45 km to the south (S); and the Jerritt Canyon mine, which h...