Crown Gold Acquires Copper Property from Starfield Resources
July 12 2013 - 9:00AM
Access Wire
TORONTO,
CANADA, July 12, 2013 - Crown Gold Corporation
("Crown" or the "Company") (TSX Venture:
CWM) is pleased to announce that is has purchased a copper property
(the "Property") from Nevoro Copper Inc., a subsidiary of Starfield
Resources Inc. ("Starfield"). The Property is located 14 miles
southwest of the town of Susanville in Plumas County in
northeastern California, 104 miles northwest of Reno,
Nevada.
The Property consists
of 132 unpatented mining claims and a lease of 36 patented mining
claims, which includes the former Engels Mine and Superior Mine.
These two mines have reported joint production of 161.5 million
pounds of copper, 23,000 ounces of gold, and 1.9 million ounces of
silver recovered from 4.7 million tons of ore between 1914 and
1930.
The
Property was part of a larger property
package that was worked by Placer Dome (or its subsidiary Amex)
from 1962-1994. Starfield acquired the Property in its merger with
Nevoro Inc. in 2008 and managed two small but promising drill
programs in 2009 and 2010.
Crown will be
reviewing the data on the Property over the next month to determine
how best to move this project forward and
will be releasing more information as it becomes
available.
For more information
please see the Crown website at www.crowngoldcorp.com.
For Further
Information Contact:
Mr. Stephen Dunn, President and CEO, Crown Gold
Corporation, at (416)
361-2827
or by email at steve@crowngoldcorp.com
Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
This press release
contains forward-looking statements within the meaning of
applicable Canadian and U.S. securities regulation, including
statements regarding the future activities of the Company.
Forward-looking statements reflect the current beliefs and
expectations of management and are identified by the use of words
including "will", "anticipates", "expected to", "plans", "planned"
and other similar words. Actual results may differ significantly.
The achievement of the results expressed in forward-looking
statements is subject to a number of risks, including those
described in the Company's management discussion and analysis as
filed with the Canadian securities regulatory authorities which are
available at www.sedar.com. Investors are cautioned not to place undue
reliance upon forward-looking statements.
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