NEVADA SPECIAL — Crown gains new gold property

Crown Resources (CRO-T) has acquired the Snowstorm gold property in northern Nevada, situated at the intersection of the Carlin and Getchell trends.

Since October 1995, the company has staked 3,000 claims in the area. In April, it signed a lease agreement for another 3,000 acres of ranch land.

Geochemical sampling and geophysical surveys are planned, as is a drill program of at least 5,000 ft.

In seeking an epithermal gold target in late Tertiary volcanic rocks, Crown is focusing on a 1-sq.-mile area characterized by strong argillic alteration and silicification.

Although the property has been subjected to only a few shallow drill holes in the past, company geologists say it shows a strong similarity to the Midas property to the southeast. That property is owned by Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T)).

Crown also owns a 30% interest in the Cord Ranch gold property, at the other end of the Carlin trend. The 35,000-acre property contains two known gold deposits: the Pinon and Dark Star.