Cresval Provides Update with 2019 Exploration Plans
2019年5月23日 - 9:30PM
Cresval Capital Corp. (“Cresval”) (CRV: TSX-V)
provides an update on its exploration plans for the 100%-owned New
Raven gold/silver prospect and 100%-owned Mike copper porphyry
prospect. Both properties are located in the Lillooet Mining
Division in southwest British Columbia.
The focus for each property is to conduct
additional surface work to further define targets for drilling
later this year.
New Raven Gold/Silver
ProspectAdditional soil sampling at New Raven in late 2018
enhanced the NNW-SSE striking gold zone and confirmed the presence
of a parallel flanking silver zone. The work extended the gold zone
further north towards the recently discovered Pallas occurrence. In
total, the New Raven Trend now has indications of gold
mineralization along 2.7 km of strike. Host rocks are altered
greenstones termed listwanites. Overall, the geological setting is
similar to that hosting the Bralone-Pioneer mine 45 miles to the
northwest which produced 12.6 m tons of ore at a grade of 9.3 g/t
gold. Altogether, Cresval’s field work has located six strong gold
occurrences over approximately 600 meters of strike at the southern
end of the New Raven trend. Assay results from grab and channel
samples collected at these occurrences ranged between 0.44 g/t and
106 g/t gold.
Planned early field work at New Raven will
extend sampling and alteration mapping within the trend as well as
selecting the most promising of existing targets for diamond
drilling.
Mike Copper Porphyry
ProspectEarly field work at the Mike prospect will
concentrate on two areas of strong copper soil anomalies that
adjoin a post mineral basaltic cap. The Russnor soil copper anomaly
on the east margin of the basalt lies west of old workings with
copper associated with an intrusive breccia where drilling
intersected 0.3 % copper over 36.6 metres. A coincident airborne
radiometric anomaly with a signature of potassic alteration, a
feature of productive parts of porphyry copper systems, further
enhances this area as a prime drill target. Similarly, the
widespread copper-gold soil anomaly at the Windy Copper showing on
the north side of the basalt cap is now to be more intensely
prospected and soil sampled.
In both areas detailed ground geophysics is
planned to assist identification of altered areas that, together
with strongly anomalous soil copper and radiometric potassic
signatures, become primary drill targets.
Jean Pautler, P. Geo., a qualified person within
the context of National Instrument (NI) 43-101, Standards of
Disclosure for Mineral Projects, has reviewed and approved the
technical data in this document.
About CresvalCresval Capital
Corp. is a junior precious metals and copper exploration company
actively involved in three 100% owned projects situated near the
productive Bralorne Gold camp in southwestern British Columbia.
For more information please visit
www.cresval.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Lee Ann WolfinPresident and Chief Executive
Officer
Forward looking statements: Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. This release contains statements that are forward‐looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward‐looking statement.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lee Ann Wolfin, PresidentTelephone: (604)
682-3701Email: info@cresval.com
Cresval Capital (TSXV:CRV)
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Cresval Capital (TSXV:CRV)
過去 株価チャート
から 1 2024 まで 1 2025