Continuous Mineralization At The Falcon Project

Continuous Mineralization At The Falcon Project

VANCOUVER – Crestview Exploration Inc. reported on its initial rock chip sampling program at the historic Falcon Mine project in the Tuscarora Mountains of Elko County, Nevada. The sampling was conducted around the historic Falcon mine area and along an approximately 1 km northerly trend of quartz vein material exposed in float, outcrops, and prospect pits. These mineralized quartz veins extend from the Falcon mine and are on trend with the quartz veins exposed on and sampled across the Rock Creek property.

Thirty-nine samples were submitted for geochemical analysis with detectable gold or silver in all but one sample. Four samples had greater than 25 ppm silver, including samples FAL23_36 at 720 ppm Ag and FAL23_37 at 238 ppm Ag. Both of the highest two silver samples were taken from the Falcon mine area, both had elevated gold, arsenic, and antimony, and both had visible sulfides. Five samples had greater than 0.5 ppm gold, including sample FAL23_13 at 1.131 ppm Au. There appears to be a strong association between the gold and arsenic values. Samples were run by Paragon labs in Sparks, Nevada using their fire assay-atomic absorption method for gold and aqua-regia, ICP-OES for 35 elements including silver. Over-limit silver samples were run using fire assay with a gravimetric finish. Detection levels for gold and silver were 5 ppb and .2 ppm respectively.

Crestview advisor and QP, Alan Morris, said, “There may be overprinting systems at Falcon, noting that “samples from the south side of the creek and uphill of the Falcon mine are very silver biased (>500:1 Ag:Au) along with high antimony values; while the samples on the north side of the creek and along the apparent NW trending structure are more gold biased or at least less silver dominant and the lower Ag:Au ratios broadly corelate with arsenic rather than antimony. He suggests that these differences could be the result of overprinting systems from different time periods or changing chemistry due to temperature changes over the life of a single system.”

These results are consistent with the expectation that the mineralization historically mined at Falcon represents only a small piece of a much larger system that appears to be continuous from the Falcon mine northward to and across Crestview’s Rock Creek property for over 8 km’s of strike length. This suggests a very expansive system or collection of systems and begs further exploration via geophysical work and drilling. The Company is intent on continuing exploration at Falcon with a more extensive sampling and mapping program, and intends to conduct its first drill program on the neighboring Rock Creek prospect this summer.