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(1) Calgary, Alberta (Newsfile Corp. - May 7, 2021) - Crestview Exploration Inc. ( CSE: CRS) (FSE: CE7) ( Crestview or the Company ) is pleased to announce the commencement of the phase 1 drilling at the Cimarron gold prospect ( Cimarron or the Property ; see Map 1 below). MAP 1 https://orders.newsfilecorp.com/files/7042/83254 094e5b0c44d9092d 003full.jpg The company broke ground on the first of nine planned drill holes for the phase 1 program at Cimarron on Thursday, May 6, 2021. As a reminder to the reader, this phase 1 drill program will be testing a historic resource in the area of the historic San Antonio mine (see Map 2 below). The targeted areas for phase 1 drilling received significant attention in the 1980 s, with an approximately 50,000-ounce shallow oxide gold resource outlined but never extracted (reference is to an internal mining report by Peter Hahn to Budge Mining Ltd. dated February 17, 1987. This resource should be considered as historic ....
The company broke ground on the first of nine planned drill holes for the phase 1 program at Cimarron on Thursday, May 6, 2021. As a reminder to the reader, this phase 1 drill program will be testing a historic resource in the area of the historic San Antonio mine (see Map 2 below). The targeted areas for phase 1 drilling received significant attention in the 1980’s, with an approximately 50,000-ounce shallow oxide gold resource outlined but never extracted (reference is to an internal mining report by Peter Hahn to Budge Mining Ltd. dated February 17, 1987. This resource should be considered as “historic” and not compliant with NI 43-101 standards.). The phase 1 drill program is focused on validating and expanding on the historic resource by drilling a selection of twin holes to greater depths than the former operators. ....