Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) ("Crestview" or "the Company") is pleased to announce that Dr. Craig J. Mach has joined the company as Vice President of Exploration.
Craig is a very knowledgeable and seasoned geologist with over 35 years of experience in the western US exploring for precious and base metals. He has worked with several major gold mining and exploration companies including Barrick Gold Exploration, Newmont Exploration, and Kinross Gold, and junior mining companies including Queenstake Resources, Victoria Resources, Gold Standard Ventures, and Ares Strategic Mining. His work has focused mainly on generative and early-stage exploration projects. He has also been involved with teams that have made significant gold and silver discoveries in Nevada. Craig has a PhD in Economic Geology from the University of Nevada, Reno, and is a Certified Professional Geologist (12013) with the American Institute of Professional Geologists.
Crestview Exploration Inc's CEO, Chris Wensley, stated, "Craig possesses highly relevant experience, depth of knowledge and skill sets that fit exceedingly well with our exploration plans and aspirations for our outstanding package of prolific properties located in the Tuscarora Mountains, north west of Elko as well as our Cimarron project in the Walker Trend near Tonopah, Nevada. We are very pleased and excited about Craig's addition to our team."
Justin Lowe is stepping down as Vice President of Exploration. The Company would like to take this opportunity to thank Mr. Lowe and express our appreciation for his 3 years of dedicated and diligent service. We are delighted to have Justin remain as a consulting geologist, continuing to advise and assist when needed and appropriate.
Dr. Mach states, "I am very pleased to join Crestview Exploration. They have a strong management team and excellent properties at Tuscarora and Cimarron. The properties have great potential for successful exploration and discovery."
The Company also announces that it has granted a total of 100,000 stock options in respect of this appointment. The incentive stock options granted will vest quarterly over a period of 12 months, are valid for 5 years from the date of the issuance and are exercisable to purchase one common share of the Company at a price of $ 0.10 per common share.
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 prolific mining districts of Nevada.
The Tuscarora Complex includes the Rock Creek, Dry Creek, and Falcon claim blocks for a total of 239 claims. The Rock Creek gold project is Crestview's flagship asset, with 72 unpatented lode mining claims wholly owned and controlled by Crestview. 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 claim staking at Dry Creek (43 claims), and later (September, 2022) with the acquisition of the Falcon silver-gold prospect (124 claims). These three claim blocks are all within close proximity and are targeting similar mineralization and likely the same underlying hydrothermal system. The Tuscarora Complex is 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: Chris@crestviewexploration.com
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.
