Crystal Lake Mining Announces Discovery Hole, High-Grade Nickel-Copper-Cobalt in Northwest Ontario
Momentum Public Relations
Press Release: March 31, 2017
Vancouver, British Columbia–(Newsfile Corp. – March 31, 2017) – Crystal Lake Mining (TSXV: CLM) (OTC Pink: SIOCF) has announced discovery hole, high-grade nickel-copper-cobalt results from its flagship EL1 drill project, located near the town of Emo, in northwestern Ontario, approximately 35 kilometers northwest of Fort Frances, directly north of Minnesota.
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The property, hosting the company’s principal exploration target, contains polymetallic nickel-copper-platinum group metal sulphides hosted within a mafic norite intrusion, referred to as the Emo Complex or Dobie Intrusion, is one of several optioned by Crystal Lake
Historic drilling from the period beginning in the 1950’s to 1972, outlined a mafic intrusive mineralized zone measuring 335 metres in a north-south direction, 275 metres in width, and 305 metres explored depth, with a predicted plunge of 30 to 45 degrees north. Based on historical, non-NI 43-101 compliant drilling of 220 short drill holes, Chibtown Copper Corporation reported indicated reserves of 4.8 million tonnes grading 0.28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel, and 0.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt.
While the property was not considered economic at the time, Crystal Lake was attracted by the disseminated mineralization containing higher-grade parallel north-trending lenses or “shoots”, with historic drilling indicating widths of 4.3 metres to 12.2 metres. One such shoot was estimated to contain 204,000 tonnes grading 0.65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper and 0.87{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel. A total of 7 such shoots were identified but not similarly documented as to tonnage or grade.
In late 2015 the company drilled 10 holes totalling 6,100 feet. An intersection from surface to 63.75 metres in one hole, returned a weighted average of 1.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel and 2.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, confirmed the existence of high-grade copper-nickel shoots, which are considerably better than previously recorded in the historical drilling. Of significance, the bottom 9.8 metre section averaged 1.92{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel, 0.17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper and 0.132{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt.
The company is headed by President & CEO Wally Boguski, who brings more than 30-years experience in the mining and banking industry, having worked on several mining projects in Canada and Mexico. Wally has been involved in strategic development planning and in capital market financing of early stage mining companies for the past 24 years.
Management stated: “An independent review and interpretation of current exploration data on the EL1 Project leads us to believe that the documented mafic intrusion exhibits the potential for significantly higher grade copper-nickel-bearing mineralization at depth. Our work in this area appears to be justified and well-focused. Our encouraging results indicate that we are on the right path and we feel that there exists considerable potential for success.”
The free-hold 170-acre farm property includes a 4-bedroom house and out buildings suitable for storing equipment, which the company will use as a field base for its Ontario Iron Ore operations.
The shares last traded at $0.26, and with 48.5 million shares outstanding, the company is capitalized at $12.6 million. For more information please visit the company’s website www.CrystalLakeMiningCorp.com or contact the company at 250-766-1517 or email info@CrystalLakeMiningCorp.com. Investor relations is handled by RAMA Communications, who can be reached at 250-899-4889 or by email at ramacommu@gmail.com.
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- Published in Crystal Lake Mining, Mining, News Home
King’s Bay Provides Update on VTEM Plus Survey over Lynx Lake Copper-Cobalt Project, Southern Labrador
King’s Bay Provides Update on VTEM Plus Survey over Lynx Lake Copper-Cobalt Project, Southern Labrador
– Momentum Public Relations –
Press Release: March 31, 2017
Vancouver, British Columbia (FSCwire) – King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver Canada is pleased to announce that Geotech Ltd., of Aurora, Ontario has completed 243 kilometers or (63.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) of the 382 line kilometer helicopter-borne Versatile Time Domain Electromagnetic Geophysical Survey over King’s Bay’s 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper-Cobalt Project in southeastern Labrador.
Geotech Ltd. has advised King’s Bay that it expects to complete this survey by mid-April. The helicopter-borne Versatile Time Domain Electromagnetic System (VTEM) has a penetration depth of over 800 m, with a low Base Frequency (30Hz) for penetration through conductive overburden cover, coupled with a 2-3 meters High Spatial Resolution. This system is advertised to be able to delineate potential drill hole targets from the airborne results. In addition, it also has excellent resistivity discrimination to enable the detection of weak anomalies.
Lynx Lake Project
The Lynx Lake Copper-Cobalt Property consists of 959 mineral claims encompassing a land area of approximately 240 square kilometers, located 100 kilometers southeast of Happy Valley Goose Bay, Newfoundland and Labrador. Historic grab sampling on the property has returned samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America. The Company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as “King’s Bay.”
On Behalf of the Board
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner Director
O: 604 681 1568
Forward Looking Statements
Statements in this news release that are not historical are forward looking statements. Forward looking statements in this news release include: that we will be able to identify targets suitable for further geological investigation, that VTEM surveys will be completed by mid-April, 2017 and that we will be able to delineate weak target areas. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data, limitations of VTEM to discern targets with high accuracy, we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may delay our work or prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Except as required by law, the Company assumes no obligation to update forward looking information should circumstances or management’s estimates or opinions change.
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 release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbay03312017.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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- Published in King's Bay, Mining, News Home
Enforcer Gold samples 510.79 g/t Au at Montalembert
Enforcer Gold samples 510.79 g/t Au at Montalembert
– Momentum Public Relations –
Press Release: March 30, 2017
Enforcer Gold Corp. has released metallic sieve assay results from the October, 2016, channel sampling campaign on the Galena vein and vein No. 2.
The assaying process originally employed and reported in press release dated Jan. 20, 2017, was widely used and an industry standard fire assay technique with atomic absorption finish on a 30-gram sample. Usually, if gold results are greater than one gram per tonne, the laboratory will reanalyze the sample with fire assay and gravimetric finish. Even if this method is good up to 1,000 g/t gold, it does not perform well with the high nugget effect as is often the case at Montalembert. When visible gold is observed, or when high-grade gold is suspected, the metallic sieve method is a preferred assay technique.
Nine samples were selected for reanalysis using metallic sieve techniques. The results are found in the attached table.
SAMPLING REANALYSIS Sample ID Sample type Interval Original assay -- New assay -- (m) gravity finish metallic sieve Au (g/t) Au (g/t) D110069 Channel 1 438.225 510.79 D110059 Channel 1 119.935 118.79 D109952 Channel 1 39.345 40.23 D109955 Channel 1 8.88 11.13 D110103 Channel 1 5.59 108.21 D109580 Channel 1 5.07 9.47 D109891 Channel 1 4.56 4.28 D110102 Channel 1 3.84 6.6 D110122 Channel 1 1.58 1.81
Steve Roebuck, chief executive officer of Enforcer Gold, stated: “We are very encouraged by the results of the samples selected for the metallic sieve analysis technique. Seven of the nine samples increased in grade while two decreased. The most remarkable increase came from sample ID No. D110103, which increased from 5.59 g/t gold to 108.21 g/t gold, or 1,835 per cent. It was very important that we made this discovery now before the summer exploration program commences as we now know that assaying around the high-grade gold Galena vein and vein No. 2 needs to include metallic sieve assaying techniques. It is a more expensive process, but the higher-quality results clearly demonstrate that the additional costs are warranted.”
A description of the typical procedure is as follows: metallic sieve is able to overcome the nugget effect of gold by increasing the subsample size to 1,000 grams and physically collecting the free gold within the system using a 100-mesh sieve. The subsample is pulverized to about 90 per cent minus 100 mesh and subsequently sieved through a 100-mesh (106 micron) screen. The entire plus-100 metallic portion is assayed along with two duplicate subsamples of the minus 100 pulp portion. Results are reported as a weighted average of gold in the entire sample.
About Enforcer Gold Corp.
Enforcer Gold is earning a 100-per-cent interest in the 7,300-square-hectare high-grade Montalembert gold project located west of Chibougamau in Quebec’s prolific Abitibi greenstone belt. The project is very well situated only five kilometres from a paved highway, and hydroelectric power and easy access to skilled labour, fuel, food and accommodation it make exploration costs extremely low.
Two recent channel sample assays from the Galena vein, taken 20 metres apart along strike length, assayed 510.79 g/t Au over one metre and 118.79 g/t Au over one metre. Enforcer Gold has committed over $2.2-million to finance its 2017 exploration program, which includes: data compilation, ground and airborne geophysics, stripping of overburden, mapping, prospecting, channel sampling, and reverse circulation and diamond drilling.
Technical
Activation Laboratories Ltd. of Ancaster, Ont., and Laboratoire Expert Inc. of Rouyn-Noranda, Que., were the labs that performed the metallic sieve analysis.
The technical content of this news release was reviewed, verified and approved by Donald Theberge, PEng, MBA, the company’s qualified person as defined by National Instrument 43-101.
© 2017 Canjex Publishing Ltd. All rights reserved
- Published in Enforcer Gold Corp, Mining, News Home
Crystal Lake Drills Discovery Hole – High-Grade Nickel-Copper-Cobalt Mineralization on EL1 Property
Momentum Public Relations
Press Release: March 30, 2017
VANCOUVER, March 30, 2017 /CNW/ – Crystal Lake Mining Corporation (TSX-V: “CLM”) (“Crystal Lake” or the “Company”) is pleased to announce results from a drill project carried out on its optioned property in NW Ontario (the “EL1 Property”).
The EL1 Property is one of several optioned by Crystal Lake but is the flagship project that hosts the principal exploration target containing polymetallic Ni–Cu–PGM sulphides hosted within a mafic norite intrusion referred to as the Emo Complex or Dobie Intrusion.
Historical drilling from the period beginning in the 1950’s to 1972 outlined a mafic intrusive mineralized zone measuring 335m in N-S strike direction, 275m in width, and 305m explored depth with a predicted plunge of 30 to 45 degrees north. Stratmat Limited (1956) reported a potential resource of 6.4 million tonnes of polymetallic sulphides. Chibtown Copper Corporation (1966) reported “indicated reserves” of 4.8 million tonnes grading 0.28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni, 0.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co. The mineralized body was defined from historical drilling of 220 short drill holes. Both Stratmat Limited and Chibtown Copper Corporation were well respected junior miners listed on the Toronto Exchange at the time of disclosure and supervised the drill programs. Key assumptions and methods used to prepare the historical estimates are not known but both would likely be categorized today as “inferred” resources. Since those dates there have been no further or more recent estimates. As the original data is no longer available the ground would have to be redrilled should Crystal Lake wish to provide its investors with a resource calculation. No work has been carried out by the Company to classify the historical estimates as current mineral resources nor is the Company treating the historical estimates as a current mineral resource.
While not considered economic at the time what attracted Crystal Lake is that the disseminated mineralization contains higher-grade parallel north-trending lenses (also referred to as shoots) with historic drilling indicating widths of 4.3m to 12.2m. One such shoot was estimated to contain 204,000 tonnes grading 0.65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 0.87{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni. A total of seven such shoots were identified but not similarly documented as to tonnage or grade. Again, no work has been carried out by the Company to classify this historical estimate as current mineral resources nor is the Company treating the historical estimate of one such shoot as a current mineral resource. The exploration model developed by Crystal Mining’s partner Emerald Lake Development Corp., is to explore for massive sulphide bodies which may occur below the disseminated low-grade copper-nickel-cobalt mineralization.
In late 2015 the Company drilled in total 6,100 feet (1,860 meters) in 10 holes. One drill hole (A-04-15) confirmed that high-grade copper-nickel shoots do exist and are considerably better than previously recorded in the historical drilling. Hole A-04-15 intersected from surface to 63.75 meters (drilled purposely in a down-plunge direction to confirm continuity), a weighted average of 1.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel and 2.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper. Note that intersection of mineralization in hole A-04-15 does not represent the true width of the zone and that, as the hole was purposely down-plunge, the true width of the mineralized zone is materially narrower than the drill hole intersection.
Of significance, the bottom 9.8m section averaged 1.92{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel, 0.17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper and 0.132{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt.
What is intriguing, and represents the exploration potential of the EL1 deposit, is the depth extent of the mineralization and whether these shoots lead to a massive sulphide zone at depth at better grades. Further deeper drilling would support this model.
The Company is also investigating further into value and recovery of secondary metals such as PGM’s, Co., Au, and Ag.
Management of Crystal Lake Mining Corp stated: “We thank Emerald Lake Development Corp. and its exploration team led by Mr. Frank Puskas; honors BSc geology / chemistry, MSc geology; his modelling of the EL1 property, core logging, evaluation, and data interpretation in the stage 1 program was instrumental. An independent review and interpretation of current exploration data on the EL1 Project leads us to believe that the documented mafic intrusion exhibits the potential for significantly higher grade copper-nickel-bearing mineralization at depth. Our work in this area appears to be justified and well-focused. Our encouraging results indicate that we are on the right path and we feel that there exists considerable potential for success“.
Mr. Paul Pitman, P. Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this press release regarding the ELI project, NW Ontario.
About the Company
Crystal Lake is a mineral exploration company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties. Crystal is presently completing the analysis of a Stage 1 drilling program in and around Emo, Ontario and is preparing for the commencement of Phase 2.
On behalf of The Board of Directors of Crystal Lake Mining.
Robert Michor, Director VP
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Crystal Lake Mining which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
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 press release, which has been prepared by management.
- Published in Crystal Lake Mining, Mining, News Home
Enforcer Gold Begins Very High Resolution Areomagnetic Survey at the Montalembert Gold Project
Enforcer Gold Begins Very High Resolution Areomagnetic Survey at the Montalembert Gold Project
– Momentum Public Relations –
Press Release: March 28, 2017
Enforcer Gold Corp. has commenced its very-high-resolution aeromagnetic survey over the entire high-grade Montalembert gold project using Geotech’s HeliGrad-VLF EM triaxial gradiometer system.
Steve Roebuck, Enforcer Gold’s chief executive officer, stated: “The helicopter-borne program has just commenced and, weather permitting, should be completed in about a week. The detailed information will be a major tool used by Enforcer Gold’s exploration team to map out detailed folding, shearing and faulting in this structurally controlled high-grade gold project.”
The historical geophysical surveys conducted at the Montalembert gold project form a patchwork of different techniques done over the years by many different operators at variable line spacings and only in select areas. By choosing Geotech’s HeliGrad system, the company will have a large reliable data set that allows it to see the big-picture geological story, the important structures and select key exploration targets to follow up on the confidence that the geophysics have been done properly right from the start.
About Enforcer Gold Corp.
Enforcer Gold is earning a 100-per-cent stake in its 7,300-square-hectare high-grade Montalembert gold project located 120 kilometres west of Chibougamau in the prolific Abitibi greenstone belt of central Quebec. Recent channel sample assays (see news release dated Jan. 20, 2017) from the Galena vein included 438.23 grams per tonne gold over one metre and 119.94 grams per tonne Au over one metre. A very-well-financed exploration program has commenced and will include: data compilation, ground and airborne geophysics, stripping of overburden, mapping, prospecting, channel sampling, and reverse circulation and diamond drilling.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Enforcer Gold Corp, Mining, News Home
King’s Bay (KBG:tsxv) Sells Menary Gold Project
King’s Bay Sells Menary Gold Project
– Momentum Public Relations –
Press Release: March 28, 2017
King’s Bay (TSX-V: KBG), (FSE:KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver Canada, is pleased to announce that it has entered into an agreement, pending exchange approval, with Destroismaison CLM Holdings Corporation, a newly formed private company, in regard to the Menary Gold Project, located in the Kenora Mining Division of Ontario.
In exchange for 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the right, title, and interest in and to the Menary Gold Project, consisting of one mining lease, and 5 unpatented claims, the Vendor shall receive 15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the existing shares of the Purchaser. The Purchaser shall retain for the period of 24 months from the date of execution, the option to purchase back the entirety of the 15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} share position of the Vendor for $100,000.00.
Kevin Bottomley states: “This transaction allows King’s Bay the ability to focus on our stated goal of exploring for cobalt and other high tech metals, while maintaining exposure to the potential of one of our non-core assets.”
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high tech metals in North America. The company believes in this emerging fast growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as King’s Bay.
- Published in King's Bay, Mining, News Home
Tetra Bio-Pharma (TBP:CSE) Appoints Edward Miller as Vice President, Investor Relations & Corporate Communications
Tetra Bio-Pharma Appoints Edward Miller as Vice President, Investor Relations & Corporate Communications
– Momentum Public Relations –
Press Release: March 27, 2017
Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(CSE:TBP.CN)(OTC PINK:GRPOF), today announced that it entered into an employment agreement with Edward Miller as Vice President, Investor Relations and Corporate Communications effective today.
Mr. Miller has over a decade of experience in the Biotech/Pharma industry. Most recently, he served as Director, Investor Relations and Corporate Communications at IntelGenx Corp. where he successfully built their shareholder communications program, resulting in substantial growth in their website traffic and social media hits. Mr. Miller joined Paladin Labs in 2001 where he held various positions including Manager, Investor Relations where he successfully built their investor relations program. Following his tenure at Paladin Labs he moved into the role as an investor relations consultant working for Christensen IR, heading their life science practice and as an independent where he has built award winning investor relations programs. Mr. Miller is the Past President of CIRI (Canadian Investor Relations Institute) Quebec Chapter where he served two terms (2009 – 2012) and (2005 – 2007). Mr. Miller will be contributing to improving the company’s visibility in the capital markets and leveraging his international experience at broadening its shareholder base.
“We are most pleased to welcome Edward to the team as we are focused on building Tetra as a leading bio-pharmaceutical organization,” said Andre Rancourt, CEO of Tetra Bio-Pharma. “Mr. Miller has built award winning investor relations programs that have driven shareholder value and visibility for several organizations in the market place. We look forward to expanding our communications outreach as we build an even stronger shareholder base moving forwards.”
About Tetra Bio-Pharma:
Tetra Bio Pharma is a multi subsidiary publicly traded company (CSE:TBP)(CSE:TBP.CN)(OTC PINK:GRPOF) engaged in the development of Bio Pharmaceuticals and Natural Health Products containing Cannabis and other medicinal plant based elements.
Tetra Bio Pharma is focused on combining the traditional methods of medicinal cannabis use with the supporting scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators physicians and insurance companies. More information is available about the company at: www.tetrabiopharma.com.
- Published in Bio technology, Life Sciences, Medical Marijuana, News Home, Tetra Bio Pharma