Results from the first 18 holes of a 30-hole program on the Pinon Range project have owner Crown Resources (VSE) optimistic about the property’s potential. Significant results from the program are listed below with assays for the balance of the holes pending.
Crown recently purchased a 100% interest in the property which is adjacent to its Cord Ranch property in the Carlin gold trend of Nevada.
Crown has been accumulating ground in the area, having also signed an option to acquire up to a 100% interest in the 1,280-acre Dixie Creek project.
President Christopher Harold stated that the work done on the Cord Ranch property to date indicated gold mineralization discovered on the property trends on to the adjacent Pinon and Dixie properties. “With these two new acquisitions, Crown can now mount a full-scale exploration program on these unified property positions.”
The company has not yet determined a budget for the coming exploration program on the properties.
Interval Width Gold Hole (ft.) (ft.) (oz./ton) C-1 5-65 60 0.027 C-2 40-70 30 0.035 C-4 0-100 100 0.027 C-7 25-40 15 0.022 70-160 90 0.022 205-245 45 0.038 C-9 40-110 70 0.025 C-10 5-70 65 0.029 C-11 20-45 25 0.037 C-13 25-55 30 0.024 C-15 5-65 60 0.031 C-17 75-115 40 0.036 150-225 75 0.027 C-18 205-29085 0.041 350-380 30 0.021
Be the first to comment on "Crown optimistic about Pinon based on results from 18 holes"