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Crestview Exploration Options to Purchase the Falcon Project in Elko County, Nevada
Calgary, Canada – TheNewswire - September 7, 2022 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or “the Company”) is pleased to announce
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":"Calgary, Canada – TheNewswire - September 7, 2022 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or “the Company”) is pleased to announce it has entered into an option agreement (the “Agreement”) with the Falcon Mine Group (“FMG”), whereby Crestview has optioned to purchase 100% of the Falcon Project (“Falcon” or the “Property”). The Falcon project comprises eighty-seven (87) unpatented lode claim and six (6) patented claims associated with the historic Falcon mine. According to “in house” historical reports, “[t]he Falcon Mine was discovered in 1876 and produced high-grade ore, averaging 100 opt (ounces per ton) silver, until 1891” (Brian Bond, 2010 – Preliminary Geological Report, Falcon Claim Block). The property is situated just 2 km’s south of Crestview’s flagship Rock Creek prospect and a similar distance southwest of Crestview’s Divide prospect (see Map 1), placing all three properties in close proximity for a total of 189 claims. MAP 1 Crestview’s Tuscarora district play (Rock Creek, Divide, Castile, and now Falcon) is in a highly prospective, prolific gold region (see Map 2). The properties are surrounded on three sides by giant, “world-class” gold deposits and mines, including the Midas mine, approximately 35 km’s to the west-southwest, which has produced more than 2.2 Moz Au and 26.9 Moz Ag with proven and probable reserves of an additional 2.73 Moz Au and 199.92 Moz Ag from an epithermal Ag (Au) deposit (Hecla Mining Company Website – 2022); the Goldstrike operation, approximately 45 km’s south, which includes both the Betze-Post open pit and the Meikle underground mine and boasts a combined 11.88 Moz Au production with an additional 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); and the Jerritt Canyon mine, approximately 30 km’s to the east (further from the Carlin Trend than the Tuscarora properties), which has produced an incredible 9.7 Moz Au from a Carlin-type gold deposit (Technical Report on the Jerritt Canyon Mine, Elko County, Nevada, USA Report for NI 43-101 – 2021), with continued exploration ongoing. MAP 2 The Falcon property occurs in the southwest portion of an Eocene-aged caldera complex, hosted in a sequence of Devonian sedimentary ...