Cresval Capital Corp. ("Cresval") is pleased to announce that it has acquired by staking through Mineral Titles Online an additional 390 hectares in two mineral claims adjoining its Aumax property in southwestern British Columbia. The Aumax property, 100% owned by Cresval, now covers approximately 1,478 hectares between Cayoosh and Phair Creeks in the Lillooet Mining Division approximately 16 kilometres southwest of the town of Lillooet.
The property is accessible from Lillooet via logging roads from Highway 99 south. Cayoosh Creek has a history of limited placer gold production starting in the 1860's. Some of this production occurred immediately downstream of the Aumax property near the mouth of Downton Creek.
The Aumax property covers the Aumax Minfile gold showing as documented by the British Columbia Geological Survey Branch. One of the new claims covers the Lower Aumax showing which consists of pyritic, ribbon banded quartz vein material carrying 6.17 grams/tonne gold, 2610 grams/tonne silver and 0.23% copper from a grab sample, and many highly anomalous quartz-carbonate boulders with maximum values of 2.2 grams/tonne gold and 305 grams/tonne silver. The other claim covers the southern strike extension of the Upper Aumax zone, situated on Cresval's original Aumax claims.
The Upper Aumax zone covers variably silicified, sericitized and hematite altered 150° trending, vertically dipping fault zones with quartz stockwork, pyrite, minor arsenopyrite and possible tetrahedrite-tennantite, hosted by greenstone with values of 1.06 grams/tonne gold, 13.2 grams/tonne silver and 1.5% arsenic over 1 metre and 0.982 grams/tonne gold and 10.5 grams/tonne silver over 3 metres. The zone occurs within an open ended 100 metre by 200 metre greater than 0.1 gram/tonne gold soil anomaly with maximum grid soil values of 3.82 grams/tonne gold, 16.2 grams/tonne silver and greater than 1% arsenic.
In 2012 the Upper Aumax zone was traced 450 metres to the south with a reconnaissance soil sample returning 1.43 grams/tonne gold, 7.2 grams/tonne silver, 0.59% arsenic and 56 grams/tonne antimony. A 100 metre wide zone with similar rusty fractures was observed approximately 1 kilometre along strike to the south-southeast of the zone and gossanous exposures are evident over 1 kilometre to the north-northwest within the Aumax claim boundaries.
Jean Pautler, P. Geo., is the Company's Qualified Person under NI 43-101 with respect to all technical disclosure relating to the property.
Source: http://www.cresval.com/