Crestview Exploration Inc (CSE:CRS) has said the results from its 2022 Hybrid-Source Audio Magnetotellurics (HSAMT) survey at the Rock Creek and Falcon gold-silver prospects in Elko County, Nevada, are being used along with other data collected to date to update and finalize drill targets for its 2023 field program.
The company said the HSAMT survey appeared to show deep-penetrating anomalies which may represent favorable structures for hydrothermal fluid flow and subsequent alteration and mineralization.
It also noted a marked horizontal contrast in resistivity at Rock Creek, approximately below the 1,700 to1,800 meter mark where the contour spacing begins to widen significantly, which may represent a paleosurface between the upper volcanic sequence and the underlying Paleozoic metasedimentary sequence.
WATCH: Crestview Exploration completes mapping and fieldwork at Rock Creek Project in Nevada
“We are very encouraged and excited by what we are seeing in the HSAMT data and how it corresponds with our mapping efforts,” commented Crestview’s CEO Chris Wensley in a statement.
“Crestview has now accomplished all of the preliminary work set out ahead of drilling at Rock Creek, including mapping, sampling, and collecting geophysical and geochemical data. We are now in a position to pick the best possible drill targets at Rock Creek, and we are eager to test the targets in 2023," he added.
In the coming field season, the company said it aims to drill between 8,000 to 12,000 feet at Rock Creek, and another 2,000 to 3,000 feet at Divide.
Crestview Exploration is focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Nevada.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie