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 [email protected]
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.
Neither the 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 press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, 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.
