Business
Crest Resources Congratulates 31.72% Owned Volatus Capital Corp. on Agreement to Option the JD Gold-Silver-Copper Property in the Heart of the Toodoggone Mining Camp, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2020) - Crest Resources Inc. (CSE: CRES) ("Crest" or the "Company") is pleased to congratulate Volatus
About this update from Mineral Road Discovery Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 13, 2020) - Crest Resources Inc. (CSE: CRES) (\"Crest\" or the \"Company\") is pleased to congratulate Volatus Capital Corp. (\"Volatus\") for entering into an agreement to option the JD Project in the heart of the Toodoggone gold and copper camp in northern British Columbia. Crest owns a 31.72% interest in Volatus and together with Michael Collins, the President, CEO and a director of both Crest and Volatus, owns and controls a 35.24% interest in Volatus. This potential acquisition is in furtherance of Crest's strategy to invest in and develop value in well-structured and proactive exploration companies in Canada and around the world. The JD Project forms one contiguous property of thirty-two mineral claims (13,697 ha) located in the resurgent Toodoggone mining camp located in northern British Columbia. Project Highlights: Center of the Toodoggone District which is seeing a resurgence of interest in 2020 with Benchmark Metals Inc. working on the Lawyers gold deposit with a 50,000m drill program. $15 million in historical work on the Project focused primarily on the epithermal gold targets. The JD property hosts the Finn historical gold resource (see below). High grade zone with the Finn deposit has grades of up to 13.28 g/t gold over 8.8m. 12 other significant Au and Au/Ag targets ranging from high grade veins, to stratiform and fault zone hosted mineralization with grades of up to 4m at 103.3g/t Au, 92.2 g/t Ag, 1.34% Cu and 11.7% Zn. Freeport-McMoran of Canada Ltd explored for and was developing a strong porphyry target from 2017 to 2019 before withdrawing for corporate reasons, leaving a well-developed but untested copper porphyry target. The Toodoggone region hosts Lawyers, Kemess, Baker and Shasta historic mines. The JD Property is 280 km northeast of the Smithers, British Columbia Omineca Mining Division in the historically significant Toodoggone gold district of north-central British Columbia. The JD Property is strategically located in the center of the Toodoggone District. It lies adjacent to the north and east of Benchmark's Lawyers property, adjacent to the south of the Porphyry Pearl and Oxide Peak properties and some 15 km south of Evergold's Golden Lion property on the north and east. The Guardsmen's Ranch property is adjacent to the west. Crest and Volatus Pr...