Nov 20 2013
Inception Mining Inc. Subsequent to Inception's September 16, 2013 announcement regarding potential acquisition of certain portions of the Crawford Cattle Company's properties, the Company commissioned preliminary geological investigation of the Eden Valley.
The final report has been received and the Company is pleased to announce the results. Dr. Clay Newton of Gustavson Associates has identified three probable faults (the "Faults") in Eden Valley all of which intersect on the Crawford Properties which may be acquired by the Company. The Faults appear to be extensions of the primary fault structures associated with the Turquoise Ridge mine. Based on Gustavson's review of all available geophysical information coupled with a detailed field investigation and assay work, Dr. Newton identified 16 drill targets. The Company is now finalizing a drilling contract and hopes to complete a drilling and coring operation within the next several months.
The Faults run Northwest from the Turquoise Ridge property under the portions of the Crawford Properties which may be acquired by the Company and the adjacent Barrick BLM leases. The Turquoise Ridge property is a joint holding of Barrick Gold Corporation and Newmont Mining Corporation. At this stage, the Company has not determined or committed to a plan of development and the drilling program is the next necessary step in the Company's resource evaluation.
Press release avilable from http://www.prnewswire.com/
Source: Inception Mining Inc.