Cresval Capital Corp. Reports Exploration Results from its Aumax Property, BC
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2012) - Cresval Capital Corp. (the "Company") (TSX VENTURE:CRV) is pleased to announce the results of its 2012 exploration program on its 100% owned Aumax property in southwestern British Columbia, approximately 16 kilometres southwest of the town of Lillooet. The property is accessible from Lillooet via logging roads from Highway 99 south. The 2012 exploration program consisted of an initial property evaluation of the Upper Aumax zone, which covers a gold-silver-arsenic soil anomaly with maximum values of 3.82 g/t gold, 16.2 g/t silver and arsenic greater than 1%, with the collection of 11 rocks and 9 soil samples.
The Upper Aumax zone was found to cover variably silicified and sericitized, 150 degrees trending, vertically dipping fault zones with pyrite and minor arsenopyrite hosted by andesite and argillite. The zone was traced 500m to the south with maximum values of 1.43 g/t gold, 7.2 g/t silver, 5910 ppm arsenic and 56 ppm antimony in soil. A 100m wide zone with rusty fractures was observed 1 km along strike to the south of the Upper Aumax. Recommendations for a 2013 exploration program include an evaluation of the fracture zone and trenching across the soil anomalies.
The deposit model for the Aumax property is the gold-quartz vein deposit model. Examples include Bralorne-Pioneer, Cariboo Gold Quartz and Erickson in British Columbia, Alaska-Juneau, Jualin and Kensington in Alaska, and those in the Mother Lode and Grass Valley districts in California. The Bralorne Gold Mining District covers five past producing gold mines, one of which is currently producing (Bralorne), and more than 60 surrounding Minfile occurrences.
The technical information in this release has been reviewed by Jean Pautler (P.Geo.), a Qualified Person as defined by National Instrument 43-101.
About Cresval Capital
Cresval Capital is a junior copper and precious metals mining company exploring the Bridge River Copper and New Raven Gold projects in the Lillooet mining district in southwestern British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS
Lee Ann Wolfin, President
Forward looking statements: This release contains statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cresval Capital Corp.
Lee Ann Wolfin