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Crestview Exploration Inc. Acquires Aeromagnetic Data for the Divide Mine Project - Elko, County, Nevada
Calgary, Alberta--(Newsfile Corp. - June 4, 2020) - Crestview Exploration Inc. (CSE: CRS) ("Crestview" or the "Company") announced it has acquired a geophysical
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - June 4, 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. The Divide Mine, a high-grade precious metal vein target located in Elko County, northcentral Nevada. This property is comprised of 12 unpatented lode claims covering 247 acres (110ha). The claims cover the majority of the old workings and potential strike extension of the Divide Mine. Interpretation of the aeromagnetic data indicates the Divide property lies on the north edge of a deep-seated batholith. The aeromagnetic data also indicates the presence of a large northerly trending dike that extends on to the Divide property from the south. Furthermore, the aeromagnetic data indicates that the bedrock geology is primarily sedimentary rocks which are overlain in places by volcanic rocks. Fault structures have been identified with varying orientations. Of note is the northerly trending fault along the west edge of the property that appears to control the large dike. Based on these findings, and additional geochemical data recently acquired by the company, we are currently increasing the size of our claim position. The Divide Mine is located in the northwest portion of the Tuscarora Mining District which is centered 7 miles to the southeast of the Divide Mine. 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 fr...