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Crestview Exploration Inc. Acquires Aeromagnetic Data for the Castile Mountain Project - Elko, County, Nevada
Calgary, Alberta--(Newsfile Corp. - June 29, 2020) - Crestview Exploration Inc. (CSE: CRS) ("Crestview" or the "Company") announced it has acquired a geophysica
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - June 29, 2020) - Crestview Exploration Inc. (CSE: CRS) (\"Crestview\" or the \"Company\") announced it has acquired a geophysical use licence from Edcon-PRJ, Inc. of Lakewood, Colorado for aeromagnetic data. The subject data consists of 934-line miles of high-quality data collected by Edcon-PRJ, Inc. over its Divide Mine, Rock Creek and Castile Mountain projects. The area was covered with northeast lines, 200 meters apart and northwest tie lines 800 meters apart. The company engaged the services of Frank P. Fritz of Fritz Geophysics to complete an interpretation of the data. The company supplied geological data for the property as well as held discussions with Mr. Fritz to convey what the company knows about the project area in regards to significant geological features and the location of current exploration targets. This property is comprised of 8 unpatented lode claims covering 164.8 acres (66.7 ha). Aeromagnetics response in the area of the project was identified a remnant circular magnetic feature. This was interpreted by Fritz to be a volcanic vent or pipe that lies in the northern area of the claim block. The company hypothesized a hot springs model for the mineralization on the property based on presence of siliceous sinter and silicified volcanic rocks at the top of Castile Mountain. This finding appears to support the hot springs model. Additional mapping and geochemical sampling are warranted to fully develop this model as well as gold targets on the property. The company is in the process of designing a geochemical sampling, and geological mapping program for work on Castile Mountain. The field work will commence later this summer. Castile Mountain is located in the southern portion of the Tuscarora Mining District which is centered 3.5 miles to the northeast of Castile Mountain. Historic mining from underground and surface placer mines produced 200,000 ounces of gold and 7.27 million ounces of silver as reported in Nevada Bureau Mines and Geology Bulletin 106, Mineral Resources of Elko County, Nevada. In more recent times (1989-1991) 39,976 ounces of gold and 254,000 ounces of silver were produced from the Dexter open pit by Horizon Gold Corporation and Chevron, as reported in \"Technical Report Describing the Tuscarora Project, Centered on 565568E/4573240N, UTM WGS84 Zone 11 N i...