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Crestview Exploration Provides Update on Option Agreement for Divide and Castile Claims - Eliminates Prohibitive Claim Costs

Crestview Exploration Provides Update on Option Agreement for Divide and Castile Claims - Eliminates Prohibitive Claim Costs

Crestview Exploration就Divide和Castile Claim的選擇權協議提供更新-取消了限制性的索賠費用
newsfile ·  07/30 08:25

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) ("Crestview" or "the Company") announces, effective September 2023, that the Company acknowledges termination of the Exploration License with Option to Purchase Agreement entered into April 8, 2020, specifically in respect of 12 claims over the Divide Mine and 8 claims at Castle Mountain near Tuscarora, Nevada (collectively, the "Claims").

卑詩省溫哥華-(Newsfile Corp. - 2024年7月29日)- Crestview Exploration Inc.(CSE: CRS)(FSE: CE7)(以下簡稱“Crestview”或“公司”)宣佈,自2023年9月起,公司承認與探礦許可證兼購買協議於2020年4月8日簽訂,特別是涉及內華達州塔斯卡羅納附近12個Divide Mine(分界礦山)索賠和8個Castle Mountain(城堡山)索賠(以下簡稱“索賠”)的終止。

Crestview's decision to terminate the Divide and Castle option Claims was communicated to the respective claim holder in September 2023 and was based on the uneconomic nature of continuing to hold the option on these Claims. Although the relinquished Claims encompass the historic Divide Mine claims, Crestview continues to hold 43 claims immediately surrounding the Divide Mine, 72 claims at nearby Rock Creek and 124 claims at nearby Falcon.

Crestview決定終止Divide和Castle選項索賠的決定已於2023年9月向相應的索賠持有人通報,並基於繼續持有這些索賠的不經濟性。儘管放棄的索賠包括歷史悠久的Divide Mine索賠,但Crestview仍持有環繞Divide Mine的43個索賠、附近Rock Creek的72個索賠以及附近Falcon的124個索賠。

Accordingly, the Company has recorded the appropriate impairments in its financial statements for relinquishment of the Claims, and the Company views the decision to terminate these Claims as a material improvement due to significant elimination of what would be a financial burden going forward.

因此,公司已在其財務報表中記錄了放棄索賠的適當減值,並且公司認爲終止這些索賠的決定對於顯着減輕未來金融負擔具有重要意義。

Crestview's Chief Executive Officer and Director, Chris Wensley stated, "This is of substantial benefit to Crestview. Funds that would be otherwise required to maintain these Claims with no prospect of timely corresponding return, can now be deployed directly in the field, into exploration activities where our highly prospective Tuscarora projects can be advanced. This reduces overhead significantly, improving our cost effectiveness, financial efficiency, while maximizing productivity, and value to our shareholders."

Crestview的首席執行官兼董事Chris Wensley表示:“這對於Crestview非常有益。原本需要用於維持這些毫無希望的索賠的資金現在可以直接用於實地開發,用於我們高度有前途的Tuscarora項目的勘探活動。這顯著減少了開銷,提高了我們的成本效益,財務效率,同時最大化了生產力和股東價值。”

On Behalf of the Board of Directors,

董事會代表 Novo Resources Corp.

"Chris Wensley"

“克里斯·溫斯利”

Chris Wensley, CEO

克里斯·溫斯利(CEO)

About Crestview Exploration Inc:

關於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.

Crestview Exploration是一家經驗豐富的勘探公司,專注於勘探和開發其位於內華達州富礦區的黃金和銀礦物產權組合。

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.

Tuscarora Complex包括Rock Creek,Dry Creek和Falcon索賠區塊,共239個索賠。Rock Creek金礦項目是Crestview的旗艦資產,持有和控制了72個未經專利的礦業索賠。Rock Creek產業於2017年獲得,並在2019年上市。受Rock Creek產出結果的鼓舞,Crestview制定了戰略擴展土地持有地位,通過Dry Creek的索賠申請(43個索賠)以及後來(2022年9月)收購Falcon白銀金礦(124個索賠)來擴大了其土地持有地位。這三個索賠區塊都位於同一區域且針對類似的礦化作用和可能相同的底部熱水系統。Tuscarora Complex位於一個擁有被證明爲“世界級”黃金礦牀的區域,包括Midas,Jerritt Canyon,Betze-Post,Meikle和Gold Quarry,那裏發現大型高品位的金銀礦石的潛力是有利的。

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.

Cimarron項目位於尼耶縣內華達州聖安東尼奧山區,包括31個未獲專利的脈狀礦業權,包括與歷史悠久的聖安東尼奧礦有關的6個被控制的歷史性生產要求。該道路位於Walker-Lane趨勢著名的地區,距“世界級”的圓山礦牀約44公里。

For further information please contact:
Chris Wensley, Chief Executive Officer
Tel: 1-778-887-3900
Email: Chris@crestviewexploration.com

要了解更多信息,請聯繫:
Chris Wensley(首席執行官)
電話:1-778-887-3900
電子郵件:Chris@crestviewexploration.com

Forward-Looking Information

前瞻性信息本新聞稿包含包含“前瞻性信息”,涵蓋適用證券法律的範圍。在某些情況下,“前瞻性信息”可以通過使用前瞻性術語諸如“計劃”、“預期”、“預算”、“安排”、“估計”、“前景”、“目標”、“預測”、“投影”、“潛力”、“前景”、“策略”、“意圖”、“預計”、“尋求”、“認爲”、“機會”、“指引”、“目標”或類似的詞語和短語或陳述一定的未來條件、行動、事件或結果“可能”、“可能”、“將”、“應該”、“可能”、“將”、“能夠”或這些詞語和短語的負面版本,“被採取”,“發生”,“繼續”或“實現”,以及其他類似的表達方式。包含前瞻性信息的聲明並不是歷史事實,而是代表管理層對於未來事件或情況的預期、估計和投射。該前瞻性信息與公司未來的財務前景以及預期的事件或結果有關,包括但不限於“財務前景”下的聲明和有關公司財務狀況、財務結果、業務策略、績效、成就、前景、目標、機會、業務計劃和增長策略、公司預算、運營和稅務、影響財務報表的判斷和估計以及D2L Wave的初步分拆。

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.

本新聞稿中包含一些可能被視爲適用證券法下的"前瞻性信息"的信息。除歷史事實陳述外,本發佈中所有涉及財產收購和未來工作、涉礦概念以及儲量潛力、勘探活動以及該公司預計的事件或發展方向的陳述都屬於前瞻性信息。儘管該公司認爲上述陳述所表達的預期是基於合理假設的,但這些陳述並不保證未來績效,實際結果或發展可能與陳述中的情況存在實質性差異。存在某些因素可能導致實際結果與前瞻性信息中的情況存在實質性差異。這些因素包括公司的盡職調查、市場價格、勘探成功、資本融資的持續可用性以及一般經濟、市場或業務條件,以及在加拿大證券機構的備案信息中的相關信息。

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 . 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.

投資者應當注意,此類陳述並不能保證未來績效,實際結果或發展可能與前瞻性信息中所示有所不同。欲了解有關該公司的更多信息,投資者可查閱該公司的公開備案信息。該公司除根據法律要求必須如此外,否認有任何意圖或義務更新或修訂任何前瞻性信息。

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

加拿大證券交易所和其監管服務供應商均未審核或接受此發佈的充分性或準確性

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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