Upcoming Phase 1 Drilling At The Cimarron Gold Prospect
CALGARY - Crestview Exploration Inc. reported several key updates to the upcoming phase 1 drilling at the Cimarron gold prospect. The Bureau of Land Management (BLM) has approved our notice of intent to conduct a drilling operation at the Cimarron gold prospect, and the company has fulfilled the reclamation bonding requirement. A biological survey is currently being conducted in the area of disturbance at Cimarron, and road work/drill site construction is scheduled to commence today, April 21st, 2021.
The BLM indicated a possible cultural resource in one of the target areas, resulting in one of the planned holes being dropped from the program. Crestview has also moved one hole to reduce the amount of overland travel necessary for this program. A reminder to the reader, the resource indicated was calculated before the 43-101 practice became commonplace and therefore should be considered as "historical" in nature and not 43-101 compliant. Crestview's initial plan for the property is to validate the historic drill hole assay and calculate a 43-101 compliant resource.
Drilling equipment will begin arriving on May 1st, 2021, with drilling operations scheduled to commence on May 3rd, 2021. This drill program will be conducted on the Cimarron "core claims" in the area of the historic San Antonio mine. 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. 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. Additional upcoming activity planned at the Cimarron gold prospect includes mapping, surface sampling, and aerial drone surveying at both the core claim area and the recently staked expansion.