Crestview Exploration Announces Priority Drill Targets at the Rock Creek and Divide Gold Projects in Elko County, Nevada
330 5th Ave, Suite 1800
Calgary, AB T2P 0L3
www.crestviewexploration.com
NR: 1-020523 CSE: CRS – FRA: CE7
Crestview Exploration Announces Priority Drill Targets at the Rock Creek and
Divide Gold Projects in Elko County, Nevada
Calgary, Canada May 2, 2023 – Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7 ) (“Crestview”
or “the Company”) is pleased to announce that it has identified high-priority drill targets at the Rock Creek
and Divide gold-silver projects in the Tuscarora Mountains of Elko County, Nevada for the upcoming
summer-fall drilling season. These high priority targets include 12 proposed drill holes at Rock Creek (P1
through P12) for an approximate total footage between 13,000’-16,500’, and 3 proposed drill holes at
Divide (PD1 through PD3) for an approximate total of 3,500’-4,500’. Please refer to Table 1 for the
proposed drill hole locations, depths, and approximate orientation.
Table 1 – Proposed Drill Hole Locations
Drill hole locations were chosen from a target-rich environment utilizing a number of geological
indicators captured to date, especially mapped structural and alteration data and HSAMT interpreted
sections.
Hole ID Length (feet) Easting
(meters)
Northing
(meters) Bearing Angle
P1 1,500-2,000 551821 4581184 270 60
P2 1,000+ 550940 4583075 75 65
P3 1,500+ 550956 4582972 90 65
P4 800+ 551512 4581900 320 65
P5 1,500+ 550980 4582210 0 90
P6 800+ 551286 4582860 315 65
P7 1,000+ 551007 4583050 135 65
P8 800+ 550890 4583490 110 65
P9 800-1,000 551210 4584772 112 65
P10 1,500-2,000 551165 4584285 0 90
P11 800-1,000 551253 4584888 270 65
P12 1,500+ 551225 4582974 90 65
PD1 1,500-2,000 553620 4579530 90 60
PD2 1,000+ 554139 4580694 110 60
PD3 1,000+ 554112 4580377 175 60
2023 Proposed DH Locations - UTM Zone 11N
Please refer to Figure 1 for the approximate locations of drill targets and the corresponding surface geology,
and Figures 2 to 5 for interpreted HSAMT sections with proposed drill holes.
The drill targets were chosen to accomplish several objectives, including:
• Testing areas of anomalous and economic gold and silver grades in surface sampling and historic
drill results;
• Crossing mapped structures and structural intersections, and determining the potential of the
interpreted nested caldera;
• Determining the potential for disseminated mineralization in the Paleozoic sequence at depth, and
• Sampling geophysical anomalies generated by the 2022 HSAMT survey.
Based on surface alteration and sampling, shallow resistance highs (shown in red) may represent silica -
sulfide mineralization. The deep low resistance zones (in green/blue) may indicate carbonate dissolution
associated with sediment hosted disseminated gold mineralization.
Figure 1 – Proposed Drill Targets at Rock Creek and Divide
Figure 2 – Rock Creek Line 1
Figure 3 – Rock Creek Line 2
Figure 4 – Rock Creek Line 3
Figure 5 – Rock Creek Line 4
Crestview aims to begin testing these high-priority targets in the 2023 field season with an approximate
10,000’ mixed RC-Core drill program.
Crestview’s VP Exploration, Justin Lowe, commented, “We have identified strong targets where we see a
lot of potential which we are very excited to drill. The program will make considerable progress in our
evaluation at Divide with the 3 proposed holes. The 12 targets at Rock Creek cover areas of high potential
across the entire length of the property. The program is designed to simultaneously test areas with
extensive surface indicators, HSAMT-generated anomalies, and the potential of the underlying
metasedimentary sequence to host disseminated mineralization. With the considerable land expansion at
Divide and the acquisition of Falcon in 2022, Crestview is in a great position to make and pursue a
discovery at our Tuscarora Complex [Rock Creek, Falcon, Divide].”
On the back of this extensive data integration and work up, the Company has put out tenders to various
recognized drilling contractors for a drill program to commence near the end of the summer 2023. We
anticipate confirmation of engagement and drilling schedule over the coming month.
This News Release was prepared by J.A. Lowe, M.Sc. Geology, and has been approved by Alan Morris,
M.Sc., CPG #10550.
Alan J. Morris is a Qualified Person as defined by NI 43-101 and has reviewed the scientific and technical
disclosure included in this news release.
On Behalf of the Board of Directors,
“Chris Wensley”
Chris Wensley, CEO
About Crestview Exploration Inc:
Crestview Exploration is an experienced exploration company focused on the exploration and development of its
portfolio of gold and silver properties located in the geopolitically stable, prolific mining districts of Nevada.
The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and
controlled by CRS. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened
by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition
of the nearby Divide Mine prospect in April 2020, and the acquisition of the Falcon silver-gold prospect in September
2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal system,
Crestview now holds 260 total claims in close proximity of one another. These three gold prospects, along with the
nearby Castile prospect, are situated in a region with proven "world class" gold deposits (including Midas, Jerritt
Canyon, Betze-Post, Meikle, and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits is
favorable.
The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is comprised of 31
unpatented lode mining claims, including control of 6 historically producing claims associated with the historic San
Antonio mine. The property is located in the prolific Walker-Lane trend, approximately 44 kms south of the "world
class" Round Mountain deposit.
For further information please contact:
Chris Wensley, Chief Executive Officer
Tel: 1-778-887-3900
Email : [email protected]
Forward-Looking Information
This news release includes certain information that may be deemed “forward-looking information” under applicable securities
laws. All statements in this release, other than statements of historical facts, that address acquisition of the Property and future
work thereon, mineral resource and reserve potential, exploration activities and events or developments that the Company expects
is forward-looking information. Although the Company believes the expectations expressed in such statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ
materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in
the forward-looking information. These include the results of the Company’s due diligence investigations, market prices,
exploration successes, continued availability of capital financing, and general economic, market or business conditions, and those
additionally described in the Company’s filings with the Canadian securities authorities.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking information. For more information on the Company, investors are
encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation to
update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than
as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED
OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE