CRYSTAL LAKE MINING APPOINTS NEW DIRECTOR AND CORPORATE SECRETARY
Crystal Lake Mining Corp.(TSXV:CLM) has appointed David Watkins to the board of directors for the company and Natasha Chapman as corporate secretary.
“On behalf of the Crystal Lake Team, I would like to welcome David to the Board of Directors. David has dedicated over 45 years to his career within our industry, having been a part of over a dozen projects from discovery to economic production in a wide range of commodities and deposit types located throughout the world. There are few individuals in the mining industry with the experience and success that David has. His strong technical background, management expertise, and proven business track record will be an asset in our development of the Company’s flagship Newmont Lake Project in the heart of Northwestern British Columbia’s famed Golden Triangle.” commented Cole Evans, Crystal Lake’s CEO.
Furthermore, the Company is announcing the resignation of Mr. Alphonse Ruggiero from Crystal Lake Mining’s Board of Directors effective March 21st, 2020. The Company would like to thank Mr. Ruggiero for his tenure with the Company and success in his future endeavors.
David Watkins Appointed a Director of the Board
Mr. Watkins is an international mining executive and trained geologist with over 45 years of experience building and managing mining companies. His work throughout the world has resulted in the discovery, development and operation of 15 successful precious and base metal mines throughout North and South America, Australia, and Africa.
Mr. Watkins started his career with Newmont Mining and Noranda as an Exploration Geologist working in Canada, Australia, Mexico, and Ecuador. He became Chief Geologist for mining and exploration at Falconbridge Copper in 1977. By 1986, he was Vice President Exploration of Falconbridge Copper, and later President of Minnova Inc., the successor company to Falconbridge Copper until it’s acquisition by Inmet Mining in 1993. During his tenure Mr. Watkins and his team discovered and built a number of mines that resulted in five operating divisions producing gold, silver, copper, and zinc.From 1993 to 1999, Mr. Watkins served as the Senior Vice President, Exploration for Cyprus Amax Minerals until it’s $1.8 billion purchase by Phelps Dodge, a company later acquired by Freeport-McMoRan to form the world’s largest publicly traded copper company. During Mr. Watkins tenure the company produced copper, gold, molybdenum, lithium, and coal.
From 2000 to 2011, Mr. Watkins served as Chairman and CEO of Atna Resources, a company engaged in exploration, development, and production of gold projects in the Americas. He continued as Chairman from 2011 to 2016.
Mr. Watkins currently serves as Director of Euro Ressources S.A. | Gold Royalties (95% owned IAMGOLD France S.A.S.), Golden Minerals Co., and Commander Resources.
Mr. Watkins graduated with a M.Sc. in Geology from Carleton University in 1970, a B.A. in Geology from Queen’s University in 1967, and is a graduate of the Executive Business Program at the University of Western Ontario. Mr. Watkins is a member of the Canadian Institute of Mining and Metallurgy, Geological Association of Canada, Geological Society of Nevada, and Prospectors and Developers Association of Canada.
This appointment is subject to a TSX Venture Exchange approval.
Natasha Chapman Appointed Corporate Secretary
Ms. Chapman holds a B.A. from Carleton University in Ottawa in 2007 as well as a Project Management Certification from Universite St. Paul in Ottawa. Previously, Natasha held a position within the Policy division of a Crown Corporation in the Nunavut Territory, which provided her an unparalleled experience at the Board level to Corporate Governance.
Natasha replaced Kristine Frost who resigned from the Company effective February 4th, 2020.
About Crystal Lake Mining
Crystal Lake Mining is a junior Canadian mining exploration company focused on exploration and development of it’s 551 km2 Newmont Lake Property in the Golden Triangle of northwest British Columbia, Canada. The Company has an option to earn a 100% interest in the Newmont Lake Project, which is one of the largest land packages in the broader Eskay Creek region of Northwest British Columbia’s Golden Triangle.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Gold, Mining, News Home
British Columbia Golden Triangle Gold/Silver Rush: Stocks To Watch
British Columbia Golden Triangle is home to one of the world’s largest gold/silver mines in the world. Located in Western Canada along the British Columbia and Alberta border, the Golden Triangle first gained prominence in 1988 with the discovery of the Eskay Creek, which has turned out to be one of the most mineralized areas in the world.
After being deserted for decades, the Golden Triangle is yet again buzzing with exploration and mining activities thanks to geological and economic changes that have come to play in recent years. The Golden Triangle is once again a hotbed for exploration activities having emerged as the new Canadian gold rush epicenter. Researchers believe that gold endowment at the golden triangle could equal that of Nevada’s Golden Trend believed to be the host of the largest accumulation of gold in the Western Hemisphere.
The current rush is attributed to the fact that the Golden Triangle has the potential to host some of the world’s most profitable deposits made up of high-grade gold as well as silver veins. Mining companies have also discovered large scale porphyries as well as volcanogenic sulfide also known for possible large-scale gold deposits.
In light of the price of gold surging to a six-year high alongside signs of an edging silver hike, the Golden Triangle is looking highly attractive to gold investors. With more than 130 million ounces of gold and 800 million ounces of silver, as well as 40 million pounds of copper discovered, now may be the best time for mining companies to pump money into the highly mineralized area.
Exploration in the Golden Triangle is also cost effective thanks to new infrastructure made up of roads as well as shipping facilities and electricity generation. Likewise, the golden triangle has a connection to a high voltage line that continues to provide a reliable source of energy for mining operations. The new geological model, as well as first nation relationships, has also opened the door for mining companies to explore the area.
Stocks To Watch
Crystal Lake Mining Corp (TSX.V: CLM) is one of the companies that are conducting meaningful exploration and mining activities at the British Columbia Golden Triangle. The company owns significant prospective land in the triangle totaling 436 square kilometers as part of its Newmont Lake Project, mostly in and around the Eskay region.
The Newmont Lake project has already exhibited solid potential affirming Crystal Lake’s position as one of the elite players in the Golden Triangle. The company’s geologist has already discovered a copper-rich porphyry system that has the potential to generate significant returns when fully mined. Backed by a solid balance sheet, the company remains well-positioned to bring the Newmont project to fruition and generate significant returns for shareholders.
Auramex Resource Corp. (TSX.V: AUX) is another Canadian exploration and mining company sending shockwaves in the Golden Triangle. The company owns a 6,400-hectare property located on Highway 37A at the Stewart camp. Modern explorers have overlooked this region choosing to focus further north uncovering mines such as Brucejack, producing nearly 400,000 oz of gold per year. Also, Premier Mine, approximately 29km north/west of Stewart, is also known to be one of the most important mines in BC.
Consequently, the company has consolidated a significant land position on which it plans to deploy its geological expertise in the quest for large mineral discoveries.
Some of the properties that the company has acquired have a well-documented historic production with solid evidence of gold/silver mineralization.
- Published in Auramex, Crystal Lake Mining, Gold, Mining, News Home
Crystal Lake Mining Corporation Announces Closing of Plan of Arrangement with Sassy Resources Corporation
Crystal Lake Mining Corporation (TSXV: CLM / OTC: SIOCF / FSE: SOG-FF) (“Crystal Lake” or the “Company“) is pleased to announce that, further to its news releases dated January 13, 2020, January 28th, 2020 and February 11th, 2020, the statutory arrangement under a plan of arrangement (the “Arrangement“) with Sassy Resources Corporation (“Sassy Resources“) has closed effective February 18th, 2020 (the “Effective Date“).
Completion of the Arrangement, as set forth in the arrangement agreement and plan of arrangement dated July 25th, 2019 (the “Arrangement Agreement“), entered into between the Company and Sassy Resources, was approved by the shareholders of Crystal Lake (the “CLM Shareholders“) on September 30th, 2019, by a Final Order granted by the Supreme Court of British Columbia on October 3th, 2019, in accordance with Part 9 of the Business CorporationsAct (British Columbia), and accepted by the TSX Venture Exchange (the “TSXV“).
Pursuant to the Arrangement Agreement and on the Effective Date, the following occurred:
- Crystal Lake distributed 10,000,000 common shares of Sassy Resources (the “SpincoShares“) to the CLM Shareholders on a pro rata basis. The CLM Shareholders received 0.066708 Spinco Shares for every one common share of Crystal Lake held as at February 10th, 2020, being the share distribution record date;
- Crystal Lake transferred the assets to Sassy Resources, which assets are described in the Company’s management information circular dated August 23rd, 2019, which was filed on SEDAR at www.sedar.com on September 3th, 2019 under the Company’s SEDAR profile;
- Sassy Resources became a reporting issuer in the Provinces of British Columbia and Alberta; and
- Crystal Lake retained its working capital for its assets, and remains listed on the TSXV and continues to trade under the trading symbol, CLM, as a junior exploration company.
About Crystal Lake
Crystal Lake is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors of Crystal Lake:
CRYSTAL LAKE MINING CORPORATION
“Wally E. Boguski”
COO and Director
Email: web@crystallakeminingcorp.com
www.crystallakemining.com
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake distribution of Sassy Resources shares
Major Transaction Completed
Further to the TSX Venture Exchange bulletin dated Jan. 28, 2020, the final number of Sassy Resources Corp. shares that will be distributed per Crystal Lake Mining Corp. share pursuant to a spinout arrangement has been determined.
Pursuant to special resolutions passed by the shareholders of Crystal Lake on Sept. 30, 2019, and approval by the Supreme Court of British Columbia on Oct. 3, 2019, the company and Sassy Resources intend to complete a plan of arrangement. The arrangement is anticipated to be completed on Feb. 18, 2020, and will result in Crystal Lake transferring certain assets to Sassy consisting of:
- Crystal Lake’s interest in the Emerald Lake properties, which comprise the Iron property, Farm property, EL1 and EL5 properties, properties No. 1, No. 2, No. 3, No. 4, No. 5, No. 7 and No. 8, and Property 6, located in Dobie, Kingsford, Mather, Potts and Tait townships, in the Dogpaw Lake and Heronry Lake areas of Emo, Ont.;
- A binding letter of intent between Crystal Lake and Lorne Warren dated June 24, 2019, with respect to the option to acquire a 100-per-cent interest in the Foremore claims located in the Liard mining division in Northwestern British Columbia.
Pursuant to the arrangement, Crystal Lake shareholders will receive for every one share held 0.066708 of a Sassy share, which number is equal to ten million divided by the total number of issued and outstanding Crystal Lake shares as of the close of business on Feb. 10, 2020. The number of Crystal Lake shares held by each shareholder will not change as a result of the arrangement.
Distribution per share: 0.066708 Sassy share for every Crystal Lake share
Payable date: Feb. 18, 2020
Record date: Feb. 10, 2020
Due bill trading date: Feb. 7, 2020
Ex distribution date: Feb. 19, 2020
Due bill redemption date: Feb. 20, 2020
No fractional shares of Sassy will be distributed to shareholders and, as a result, all fractional amounts arising under the arrangement will be rounded down to the nearest whole number without any compensation therefor
- Published in Crystal Lake Mining
Crystal Lake Mining Corporation Announces the Particulars of the “Due Bills” Trading with Respect to the Plan of Arrangement
Crystal Lake Mining Corporation (TSXV: CLM / OTC: SIOCF / FSE: SOG-FF) (“Crystal Lake” or the “Company“) further to its news release dated January 13, 2020is pleased to announce the particulars of the “Due Bills” trading with respect to the plan of arrangement (the “Arrangement“) among the Company, Sassy Resources Corporation (“Spinco”) and the shareholders of the Company.
The Payable Date, Record Date, Due Bill Trading Date, Ex-Distribution Date and Due Bill Redemption Date will be as set forth below.
Distribution per Share: | The number of Spinco shares that is equal to 10,000,000 (ten million) divided bythe total number of issued and outstanding Company shares as of the close ofbusiness on Record Date |
Payable Date: | February 18, 2020 |
Record Date: | February 10, 2020 |
Due Bill Trading Date: | February 7, 2020 |
Ex-Distribution Date: | February 19, 2020 |
Due Bill Redemption Date: | February 20, 2020 |
The final number of Spinco shares that will be distributed per one Company share pursuant to the Arrangement will be published in a subsequent news release following the close of business on February 10, 2020 (Record Date) and prior to February 19, 2020 (Ex-Distribution Date).
No fractional shares of Spinco will be distributed to shareholders and, as a result, all fractional amounts arising under the Arrangement will be rounded down to the nearest whole number without any compensation therefor.
DUE BILL TRADING:
The Company has declared a distribution, per one common share held in the Company, of the number of Spinco shares that is equal to 10,000,000 (ten million) divided by the total number of issued and outstanding Company shares as of the close of business on February 10, 2020, which is payable on February 18, 2020 to shareholders of record as of the close of business on February 10, 2020. The common shares of the Company will commence trading on a “due bill” basis effective from the opening on February 7, 2020 until February 18, 2020 inclusively. Sellers of the shares from February 7, 2020 to and including February 18, 2020 will not be entitled to the distribution. The shares will commence trading on an ex-distribution basis effective at the opening on February 19, 2020.
Additional information regarding the terms of the Arrangement are set out in Crystal Lake’s management information circular dated August 23, 2019, and the news releases dated June 25, 2019, July 26, 2019, October 1, 2019, October 4, 2019 and January 13, 2020, all of which are available for viewing on Crystal Lake’s SEDAR profile at www.sedar.com.
About Crystal Lake
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Maurizio Napoli”
President, Director
Email: info@crystallakemining.com
www.crystallakemining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE Crystal Lake Mining Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/28/c0800.html
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake samples 22 m of 2.27 g/t Au at Newmont
Crystal Lake Cuts 22 metres of 2.00% Copper, 2.27 g/t Gold, 34.36 g/t Silver, and 4.69% Zinc on Surface at its Newmont Lake Project in BC; Discovers Possible High-Grade Source of Multi-Element Burgundy Ridge System
Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company“) is pleased to announce the results from Channel Sample BRCH19-01, the first ever continuous channel/trench sample at Burgundy Ridge on the Newmont Lake Project in the Golden Triangle of British Columbia. This channel sample targeted a new discovery area made late in the 2019 season called the “Green Rock Zone” as a result of rapidly receding snow/ice in the region.
Channel/trench Sample BRCH19-01 cut a hydrothermal breccia exposed on surface assaying 22.00 metres of 2.00% Cu, 2.27 g/t Au, 34.26 g/t Ag, and 4.69% Zn. This hydrothermal breccia contained a high-grade centre assaying 10.00 metres of 3.29% Cu, 8.59% Zn, 3.75 g/t Au, and 63.40 g/t Ag on surface.
The channel/trench sample is a ~340-metre step-out from the first diamond drill hole results released at Burgundy Ridge including BRDDH19-002’s 91.26 metres of 0.38% Cu, 0.30 g/t Au, 4.12 g/t Ag, starting at 36.7 metres depth. Mineralization and alteration styles outline a large copper/gold-rich alkalic porphyry system with related high-grade hydrothermal breccia and skarn mineralization seen along the entire 2.3km Burgundy Trend.
Channel/trench Sample BRCH19-01 Highlights
- 2.00% Cu, 4.69% Zn, 2.27 g/t Au, and 34.36 g/t Ag over 22.00 metres at surface.
- Including 3.29% Cu, 8.59% Zn, 3.75 g/t Au, and 63.40 g/t Ag over 10.00 metres at surface.
- 1.31% Cu, 2.97% Zn, 1.49 g/t Au, and 23.26 g/t Ag on surface over 37.00 metres on surface.
- Approximate 340 metre step-out from initial diamond drill hole results.
Due to time and weather constraints, one diamond drill hole (BRDDH19-016) was roughly targeted towards the Green Rock Zone as the last drill hole at Burgundy Ridge in 2019. This hole was drilled from Pad C-1; a drill pad designed to target the Discovery Zone approximately 200 metres to the north of Green Rock. Diamond Drill Hold BRDDH19-016 was continued as the deepest hole of Burgundy Ridge’s first-ever diamond drill campaign. Assays are pending.
Cole Evans, CEO of Crystal Lake Mining commented; “Not only has the Green Rock Zone quickly developed into a critical target area for its obvious high-grade mineralization over significant intervals, it now represents hard evidence for 4 important metal types at high grades in a new zone. These assays, along with the alteration and mineralization styles from this channel sample are very significant as they complement results from other surface samples and diamond drilling to outline a large copper/gold-rich alkalic porphyry system with related high-grade hydrothermal breccia and skarn mineralization seen along the entire 2.3km Burgundy Trend. The rocks, alteration, and mineralization we have are typical of alkalic porphyry systems that are associated with large gold-silver deposits in this region.
We are very happy with the results to date and anticipate more positive results from the rest of our 2019 maiden diamond drill program to be available for release in the near future. Our team is working diligently in interpreting the multi-element and multi-mineralization events along the entire Ridge Zone trend, and what this means for the grade and size of our growing system.”
The Company is currently receiving, interpreting, and performing QAQC procedures on data from the 2019 Newmont Lake exploration program and will be releasing data as it is ready. Due to the scale of the 2019 Exploration Program, the team is compiling a lot of data to implement into the projects technical database.
Geological Discussion
Channel Sample BRCH19-01’s final 7.00 metres cut 0.46% Cu, 0.53 g/t Au, 10.33 g/t Ag, and 0.32% Zn on surface of strong to intense potassic altered rock mineralized with a chalcopyrite stockwork (see Figure 2). The protolith is unknown at this time due to intensity of alteration. The alteration and mineralization styles are indicative of a copper/gold-rich alkalic porphyry systems which may be the ultimate source of mineralization seen along the entire 2.3km Burgundy Trend.
Specific clasts within Green Rock’s heterolithic hydrothermal breccia are potassic-altered, trachytic syenites with chalcopyrite stockwork. These clasts are highly significant as they are synonymous with the mineralization observed in the final 7.00 metres of BRCH19-01. This relationship is early evidence for a minimum of 2 mineralization events and styles at Burgundy Ridge (see Figure 1).
Earlier in the season the Company intersected the first-ever copper/gold-rich porphyry hypogene mineralization at the 72′ Zone based on a blind target using hyperspectral technology which measured transitional zones of magnesium and potassium in white micas. Further lithogeochemical and geochronological analyses are underway to fingerprint the intrusion and test whether they are of the same source.
Channel Sampling Procedures
BRCH19-01 represents a 37.00 metre continuous channel/trench sample taken on surface in the Green Rock Zone. The following represents a list of important steps taken to ensure the quality and reliability of results from the channel:
- The channel sample is perpendicular to the limestone contact as to not over-exaggerate width (true width is unknown).
- Surface oxides/hydroxides were avoided as to not over-exaggerate the metal grade of mineralization that was cut, and results are considered to be representative of massive to semi-massive sulphide mineralization, or stockwork sulphide mineralization (see Figure 1 and 2).
- Systematic 1.00 metre whole samples were taken to eliminate sampling bias and ensure reliable assay data.
BRCH19-01 ended in chalcopyrite stockwork mineralization due to snow/time restrictions during the discovery. The on-surface extent remains open in all directions and was visually observed continuing under the snow. The approximate depth of snow at the immediate edge does not represent a significant challenge for exploration in 2020. Figure 2 is a representative sample of the mineralization in the last metre of BRCH19-01 where winter conditions cut channeling short.
QAQC/ Analytical Procedures
Rock samples from the Newmont Lake Project were sent to MSALABS’ preparation facility in Terrace, B.C., where samples were prepared using method PRP-910. Samples were dried, crushed to 2mm, split 250g and pulverized to 85% passing 75 microns. Prepped samples were sent to MSALABS’ analytical facility in Langley, B.C, where 50g pulps were analyzed for gold using method FAS-121 (fire assay-AAS finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Rock samples were analyzed for 53 elements using method IMS-230, multi-element ICP-MS 4-acid digestion, ultra-trace level. Silver assay results greater than 100 g/t Ag and cobalt, copper, nickel, lead and zinc greater than 10,000ppm were automatically analyzed by ore grade method ICF-6.
Crystal Lake Mining conducts its own QA/QC program where three standard reference material pulps, two blank reference material samples are inserted for every 100 samples when analyzing rock samples.
Soil samples from the Newmont Lake Project were sent to MSA LABS’ preparation facility in Terrace, B.C., where samples were prepared using method PRP-757. Soil samples were dried and screened to 80 mesh, discard plus fraction. Prepped samples were sent to MSA LABS’ analytical facility in Langley, B.C, where they were analyzed for 51 elements using IMS-131 for samples with 20g or greater and IMS-130 for samples between 0.5g and 20g.
Crystal Lake Mining conducts its own QA/QC program where three standard reference material pulps, two blank reference material pulps are inserted for every 100 samples when analyzing soil samples.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., President for Crystal Lake Mining, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Cole Evans”
Chief Executive Officer
Email: info@crystallakemining.com
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake Mining Appoints New CEO and Director
Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company“) is pleased to welcome Mr. Cole Evans as the Company’s CEO and a Director effective immediately. Mr. Maurizio Napoli who has served as the Company’s interim CEO since September 2019, will remain the President, VP of Exploration and a Director of the Company.
Cole Evans is the Co-Founder and President/CEO of HEG & Associates Exploration Services Inc. He has been instrumental in building HEG from an idea into one of Western Canada’s largest exploration service companies focused on British Columbia’s Golden Triangle and South-Central regions. Mr. Evans and his Team have been key individuals at Crystal Lake’s Newmont Lake Project since its acquisition in Fall 2018.
Mr. Evans is also the Co-Founder and Chief Owner of Catalina Discovery Ltd.; a private corporation focused on strategic investments in the mining industry. Mr. Evans is the direct owner/controller of approximately 11,200,000 common shares and 8,055,555 warrants of Crystal Lake which he acquired in 2019 for a combined ownership of approximately 19,200,000 shares/warrants, making. him the single largest shareholder of the Company.
Mr. Evans holds a B.Sc. (Hons) in Geology from the University of British Columbia Okanagan specializing in applications of hyperspectral analysis and applied geochemistry from the Charles Fipke Centre for Innovative Research. He prides himself as being a strategical, business minded geologist with a track record of exponential growth of his private sector business endeavors.
Mr. Evans commented “Crystal Lake has an exceptional land package in the heart of BC’s Golden Triangle; an area that is among the most well-endowed and underdeveloped mineral districts in the world. I see the Newmont Lake project as tremendously undervalued and still in its infancy of discovery. I am very excited to have a role in forging Crystal Lake into an exploration powerhouse in the region, and create benefits for all shareholders, the local community, and the province of British Columbia.”
Crystal Lake would like to thank Maurizio Napoli for his tenure and dedication as interim CEO. Mr. Napoli has also been a key figure in exploration at Newmont Lake as the Company’s Qualified Person.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Maurizio Napoli”
President/Director
Email: info@crystallakemining.com
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake sets record date for Sassy distribution
Crystal Lake Mining Corp. has determined the share distribution record date with respect to the plan of arrangement among the company, Sassy Resources Corp. and the shareholders of the company.
Under the terms of the arrangement, Crystal Lake shareholders of record at the close of business on Feb. 10, 2020, will receive one common share of Sassy Resources with respect to every one common share of Crystal Lake multiplied by the conversion factor. Pursuant to the arrangement, the conversion factor means the number arrived at by dividing 10 million by the number of issued Crystal Lake shares as of the close of business on the share distribution record date so that the total number of Sassy Resources shares to be issued to the Crystal Lake shareholders pursuant to the arrangement is equal to 10 million Sassy Resources shares subject to rounding of fractional shares.
Sassy Resources shares will be issued to the Crystal Lake shareholders on or around Feb. 18, 2020.
The TSX Venture Exchange has advised that the Crystal Lake shares will trade on a due-bill basis in relation to the issuance of Sassy Resources shares pursuant the arrangement. The details of the due bills trading will be announced by a news release closer to the share distribution record date.
By way of this news release, Crystal Lake is also providing notice to its warrant holders and option holders with respect to the share distribution record date. In order to receive Sassy shares pursuant to the arrangement, a person must be a holder of Crystal Lake shares as of the share distribution record date. If an option holder or a warrant holder does not exercise his or her warrants or options on or before the share distribution record date, he or she will not receive Sassy Resources shares and there will be no changes with respect to the number, terms and conditions of the issued warrants and options of Crystal Lake. Additional information regarding the terms of the arrangement are set out in Crystal Lake’s management information circular dated Aug. 23, 2019, and the news releases dated June 25, 2019, July 26, 2019, Oct. 1, 2019, and Oct. 4, 2019, all of which are available for viewing on Crystal Lake’s SEDAR profile.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The company has an option to earn a 100-per-cent interest in the Newmont Lake project, one of the largest land packages among juniors in the broader Eskay region in the heart of northwest B.C.’s Golden Triangle.
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake Announces Initial Diamond Drill Assay Results from Burgundy Ridge
Results Include 91.26m of 0.38% Cu, 0.30 g/t Au, 4.12 g/t Ag Near Surface on 180m Step Out
Momentum Public Relations
Press Release: October 25, 2019
Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company“) is pleased to announce the results from the first two of ten drill holes in its maiden diamond drill program at Burgundy Ridge (will now be referred to as the “Ridge Zone”).
Diamond Drill Hole BRDDH19-002 (“Hole #2”) at the Ridge Zone intercepted 91.26 metres of 0.38% Cu, 0.30 g/t Au, and 4.12 g/t Ag starting at a depth of 36.7 metres. (Table 1).
Furthermore, a higher-grade core of mineralization within the 91.26 metre interval assayed 25.78 metres of 0.73% Cu, 0.63 g/t Au, 9.36 g/t Ag, and 0.11% Zn starting at 82.22 metres depth.
The first Diamond Drill Hole BRDDH19 001 (“Hole #1”) drilled on the Ridge Zone also intercepted high-grade Cu-Au-Ag mineralization with an interval of 4.66 metres at 1.35% Cu, 0.72 g/t Au, 9.04 g/t Ag, and 0.17% Zn within a broader mineralized intercept of 59.00 metres of 0.28% Cu, 0.16 g/t Au, and 2.44 g/t Ag starting at a depth of 21.00 metres downhole (Table 1).
Highlights
- BRDDH19 002 (Hole #2 on the Ridge Zone): 91.26 metres of 0.38% Cu, 0.30 g/t Au, 4.12 g/t Ag starting at 36.67 metres (Table 1).
- Including 25.76 metres of 0.73% Cu, 0.63 g/t Au, 9.36 g/t Ag, and 0.11% Zn starting at 82.22 metres.
- Both Hole #1 & Hole #2 (BRDDH19 001 and BRDDH19 002) intersected copper, gold, silver, and zinc rich mineralization on a 180-metre step out from 2018’s Reverse Circulation (“RC”) drilling, and a ~40 to 85 metres down dip separation.
- A total of 7 samples (both within and outside of highlighted intervals) returned assays of >1% Cu (Table 2).
- Assays remain pending on 8 of 10 diamond drill holes completed at the Ridge Zone in 2019.
- The system remains open in all directions and at depth.
TABLE 1
BRDDH19-001 |
From (m) |
To (m) |
Interval |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
Intercept |
21.00 |
80.00 |
59.00 |
0.28 |
0.16 |
2.44 |
0.04 |
Including |
75.3 |
79.96 |
4.66 |
1.35 |
0.72 |
9.04 |
0.17 |
Intercept |
125.52 |
144.30 |
18.78 |
0.31 |
0.18 |
6.00 |
0.35 |
BRDDH19-002 |
From (m) |
To (m) |
Interval |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
Intercept |
36.67 |
127.93 |
91.26 |
0.38 |
0.30 |
4.12 |
0.06 |
Including |
69.00 |
108.00 |
39.00 |
0.62 |
0.52 |
7.22 |
0.09 |
Including |
82.22 |
108.00 |
25.78 |
0.73 |
0.63 |
9.36 |
0.11 |
Discussion
The second diamond drill hole BRDDH19-002 at the Ridge Zone, did not make it to its final target and collapsed at a depth of 147 metres due to bad ground conditions, 203 metres short of its target depth of 350 metres for the first-pass drilling.
The Ridge Zone is part of the larger Burgundy Trend, an area that received its first ever drilling on October 2018 via RC drilling (see March 7th, 2018 release). The drill pad (“Pad A1”), from which Diamond Drill Hole BRDDH19-001 (“Hole #1”) and Drill Hole BRDDH19-002 (Hole #2) were completed, is a 180-metre step out from the 2018 RC drilling location.
At the Ridge Zone mineralization vectored into a zinc-rich zone of the system SE of the collar location in Hole #1 (BRDDH19-001) with 18.78 metres of 0.31% Cu, 0.18 g/t Au, 6.00 g/t Ag, and 0.35% Zn starting at 125.52 metres. Higher grade zinc intercepts up to 1.32% Zn, 0.50% Cu over 2.00 metres and 0.72% Zn, 0.27% Cu over 1.55 metres sit within a broader 74.5 metre zinc-enriched horizon.
A seventh high-grade copper intercept was encountered below the zinc horizon in Hole #1 (BRDDH19-001) with 1.85 metres of 1.04% Cu, 0.17 g/t Au, 4.78 g/t Ag, and 0.24% Zn (Table 2). This is synonymous with high-grade copper mineralization intersected in 2018 RC drilling more than 200 metres away down plunge.
TABLE 2: Summary of high-grade copper intercepts
BRDDH19-001 |
BRDDH19-002 |
1.82 metres of 1.04% Cu @ 67.05 m |
1.00 metres of 1.07% Cu @ 82.22 m |
2.27 metres of 1.53% Cu @ 75.30 m |
2.80 metres of 1.04% Cu @ 90.20 m |
2.39 metres of 1.17% Cu @ 77.57 m |
2.00 metres of 1.16% Cu @ 104.00 m |
1.85 metres of 1.04% Cu @ 196.00 m |
Maurizio Napoli, President / CEO of Crystal Lake commented: “We are happy with the results from the first two diamond drill holes drilled by any company at Burgundy Ridge (Ridge Zone). The grade and length of these intercepts is considerable given the two drill holes are shallow test holes in an area not previously tested by diamond drilling. The fact that mineralization is near surface unlike many deposits in the area is also a critical factor. Given our significant drilling step outs and stronger visual sulphide mineralization in holes that still have pending assay results on another >250-metre step out, we are pleased with the size of the system that we are starting to delineate on the Burgundy Trend.”
This new drilling data in conjunction with dense hyperspectral, alteration, lithology, structural and surface data indicates that much of the widespread copper, gold, silver, and zinc mineralization at surface and open to a minimum depth of 147 metres is likely a “skarn” mineralization zone that is part of a multi-kilometre copper, gold, and silver-rich alkalic porphyry system in the greater Burgundy Trend.
Cole Evans, President / CEO of HEG commented: “Many of the world-class porphyry deposits throughout the Pacific Ring of Fire have skarn components similar to our early observations at the Ridge Zone of the Burgundy Trend. There are many “pimple skarns” in the Golden Triangle, but what makes Burgundy Ridge exciting are the initial indications of substantial size. We have made ~200 metre step outs and have intersected similar copper, gold, silver, and zinc mineralization across the Ridge Zone. It takes a large, hot, and hydrous intrusion to drive the kind of fluids needed for these conditions. Most of the world’s copper and gold comes from porphyry deposits.”
The Burgundy Trend is Close to Major Infrastructure
The Burgundy Trend is located less than 20kms from the 303-megawatt AltaGas hydroelectric power facility completed in 2015. Manulife Financial and Axium Infrastructure purchased 90% of the project for net proceeds of $1.37 billion USD in 2018. The 72-megawatt Mclymont Creek Hydroelectric Plant and access road sit on the southern boundary of the Newmont Lake Project. The road which was constructed for access to these hydroelectric facilities skirts the southern boundary of Crystal Lake’s Newmont Lake property. Additionally, the Galore Creek access road runs through the northern portion of the Newmont Lake Property.
Newmont Lake ‘Project Phase 1 Exploration Programs’ Highlights – Three New Surface Discoveries Expand and Infill the Greater Burgundy Trend
Rapidly receding glaciers at Burgundy continue to expose new mineral showings on surface. Three new surface showings of significance were discovered in 2019 that were previously covered by ice and snow. These showings range from potassic altered, chalcopyrite mineralized megacrystic syenites, to hydrothermal chalcopyrite and sphalerite cement breccias with potassic altered, chalcopyrite mineralized clasts observed discontinuously over a 1,100-metre strike length.
On the southeastern end of Burgundy Ridge, a continuous 37 metre surface channel sample was taken crosscutting a sulphide-rich cemented hydrothermal breccia and 10 to 30-centimetre chalcopyrite veins at the newly exposed Green Rock showing across the general mineralization trend. The channel sample ended in strong sulphide mineralization at 37.00 metres due to snow cover. Assay results from this channel sample are pending.
Resignation of Richard Savage from Board of Directors
Mr. Richard Savage has tendered his letter of resignation from the Board of Directors of Crystal Lake Mining Corporation as of October 24th, 2019 to pursue new interests. Maurizio Napoli, CEO and President will replace him on the Board of Directors.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., CEO/President for Crystal Lake Mining, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Maurizio Napoli”
President & CEO
Email: info@crystallakemining.com
Cautionary Statement of Photo Gallery:
Please note the visualizations are selected images highlighting strong visual mineralization from a variety of new showings and recent diamond drill core. Mineral identification has been determined visually by geologists and cross-referenced via mobile X-ray Fluorescence elemental geochemical techniques (ThermoScientific Niton XL5 pXRF). Portable XRF data is not provided as it is not an indicator of representative geochemistry of the entire rock mass. The reader should also note that while relative spatial information is provided, mineralization is not necessary representative of space between any given location and it should not be assumed that lateral continuity exists. The reader is encouraged to exercise caution, due their due diligence, and determine their own conclusions with the information provided.
QAQC/ Analytical Procedures
Rock samples from the Newmont Lake Project were sent to MSA LABS’ preparation facility in Terrace, B.C., where samples were prepared using method PRP-910. Samples were dried, crushed to 2mm, split 250g and pulverized to 85% passing 75 microns. Prepped samples were sent to MSA LABS’ analytical facility in Langley, B.C, where 50g pulps were analyzed for gold using method FAS-121 (fire assay-AAS finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Rock samples were analyzed for 53 elements using method IMS-230, multi-element ICP-MS 4-acid digestion, ultra-trace level. Silver assay results greater than 100 g/t Ag and cobalt, copper, nickel, lead and zinc greater than 10,000ppm were automatically analyzed by ore grade method ICF-6.
Crystal Lake Mining conducts its own QA/QC program where three standard reference material pulps, two blank reference material samples are inserted for every 100 samples when analyzing rock samples.
Soil samples from the Newmont Lake Project were sent to MSA LABS’ preparation facility in Terrace, B.C., where samples were prepared using method PRP-757. Soil samples were dried and screened to 80 mesh, discard plus fraction. Prepped samples were sent to MSA LABS’ analytical facility in Langley, B.C, where they were analyzed for 51 elements using IMS-131 for samples with 20g or greater and IMS-130 for samples between 0.5g and 20g.
Crystal Lake Mining conducts its own QA/QC program where three standard reference material pulps, two blank reference material pulps are inserted for every 100 samples when analyzing soil samples.
Forward-Looking Statement
This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. 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.
SOURCE Crystal Lake Mining Corporation
View original content to download multimedia: http://www.newswire.ca/en/
Contact:
Momentum Public Relations, Tel: +1 (514) 815-7473, Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake Mining Announces New Discovery of Expansive, Multi-Element Hydrothermal Mineralized System at Newmont Lake, BC
Momentum Public Relations
Press Release: October 10, 2019
Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company“) is pleased to announce the discovery of a entirely new multi-element hydrothermal system in the Chachi Corridor (“Chachi“) containing high grade gold (Au), silver (Ag), copper (Cu), nickel (Ni), cobalt (Co), zinc (Zn) and lead (Pb) mineralization spread over a massive area 8km long x 4km wide east of the Newmont Lake Gold Corridor, along the Eskay Rift, in the heart of the Golden Triangle.
At least three different styles of mineralization over the expansive area have returned assays from multiple samples, in different occurrences from surface outcrop (in-situ grab and chip samples) ranging up to 21.03 g/t Au (gold), 2,350 g/t Ag (silver), 5.4% Cu (copper), 7.7% Ni (nickel), 0.85% Co (cobalt), 15.2% Zn (zinc) and 6.2% Pb (lead). The mineralized system runs along the eastern side of the McLymont Fault and is coincident with a continuous >2km long geophysical anomaly.
Maurizio Napoli, President / CEO of Crystal Lake commented “At the start of the 2019 program on CLM’s Newmont Lake Project, the Chachi Corridor was the most underexplored area within the large land package. We carried out an extensive large maiden exploration program and what’s really exciting is that the 2019 surface exploration program has identified a new, large mineral system coincident with a 2019 >2km chargeability IP anomaly and an aeromagnetic anomaly centered on a major fault system which is associated with high grade gold mineralization in the Newmont Lake area to the southwest. Moreover, the discovery of high-grade nickel, copper, cobalt, zinc and lead was unexpected and remarkable. The 2019 program of work supports exploration for high grade Au-Cu mineralization along the Chachi corridor. The presence of high-grade VMS style and Ni-Co-Cu arsenide mineral occurrences highlights the potential for the discovery of base metal deposits along this richly endowed metal corridor.”
Discussion of 2019 Chachi Corridor Program
Multi-element soil geochemical data and rock samples from newly discovered occurrences point to a multi-element geochemical anomaly spread over an 8 km by 4 km footprint spatially associated with the fertile McLymont Fault structure including high-grade Au-Ag-Cu sulphide (gold, silver, copper sulfide), high-grade Ag-Zn-Cu-Pb (silver, zinc, copper, lead), and high-grade Ni-Co-Cu-Ag arsenide/sulphide (nickel, cobalt, copper, silver arsenide associated with stockwork copper sulfide mineralization).
A recently completed Induced Polarization (“IP”) ground geophysics survey in 2019 has detected a chargeable conductive anomaly within the soil chemical anomalies and occurrences in the footwall of the Mclymont Fault. Over 2000 soil samples, 2000 hyperspectral measurements, and 800 rock samples were collected from this area.
The results highlight a newly discovered Au-Ag-Cu occurrence, named the Leo Zone, associated with quartz veins within the footprint of a 600m long IP anomaly. Multiple samples yielded grades of 5.82–21.03g/t Au along with high-grade Ag and Cu (See assays listed below).
Exploration of the Cuba showings identified high-grade Ag-Zn-Cu-Pb sulphide mineralization associated with barite along the 3.2 km long Cuba-Thumper trend to the east of the Mclymont Fault corridor. Grades of 5-2,350g/t Ag, 15.2% Zn and up to 5.4% Cu provided reason to undertake follow-up chip-channel sampling which reproduced high concentrations of Ag, Zn, Cu, and Pb over 1.5-4.8 m wide intervals (See assays listed below).
The hydrothermal Au-Ag-Cu and Ag-Zn-Cu-Pb falls within the footprint of newly discovered high-grade Ni-Co-Cu-Au-Ag arsenide/sulphide mineralization at the brand new Brass Rose and Grey Rose occurrences containing vein-hosted and semi-massive niccolite-gersdorffite-cobaltite with grades up to 7.7% Ni (See assays listed below). Importantly, gabbroic intrusions found within the area of these occurrences are commonly associated with magmatic sulphide deposits.
These findings will underpin an aggressive exploration effort in the Chachi area that expands coverage of IP, utilizes Electro-Magnetic (“EM”) geophysics survey to locate conductive mineralization, with plans to define best targets for drilling.
Cole Evans, President / CEO of HEG commented; “The Chachi Corridor is still in its infancy of exploration, but the large 2019 program of work has identified important new mineral occurrences as well as geochemical and geophysical signatures indicative of a major mineralizing event. HEG as a services company has been fortunate to work on many good properties across the Golden Triangle in British Columbia, but Chachi is different from anything we have ever seen before. My hat is off to our entire technical team for pulling this discovery together and letting the numbers speak for themselves. This is an 8km x 4km area that had previously never received any ground geophysics, intensive prospecting, detailed mapping, hyperspectral sampling or drilling; I do not think many people would have imagined how successful the Chachi grassroots campaign would have been for Crystal Lake this season.”
Chachi Corridor Assay Highlights
Gold (Au) Silver (Ag) Copper (Cu) Assays
- “Leo” Zone – High-grade Au-Ag-Cu occurrence hosted in “bull quartz” veins +/- chalcopyrite clustered within 600m IP anomaly:
- 21.03 g/t Au, 71.56 g/t Ag, and 0.27% Cu
- 16.07 g/t Au, 30.40 g/t Ag, and 0.13% Cu
- 13.39 g/t Au, 156.00 g/t Ag, and 0.75% Cu
- 11.13 g/t Au, 31.73 g/t Ag, and 0.006% Cu
- 10.96 g/t Au, 45.41 g/t Ag, and 0.062% Cu
- 10.68 g/t Au, 112.00 g/t Ag, and 0.049% Cu
- 9.40 g/t Au, 64.94 g/t Ag, and 0.016% Cu
- 7.97 g/t Au, 25.4 g/t Ag, and 1.66% Cu
- 5.82 g/t Au, 60.05 g/t Ag, and 0.17% Cu
- The “Rose Series” of showings also demonstrates high-grade Cu-Au-Ag mineralization:
- 6.57% Cu, 0.28 g/t Au, and 20.96 g/t Ag
- 5.36% Cu, 0.01 g/t Au, and 35.82 g/t Ag
- 4.57% Cu, 0.44 g/t Au, and 11.29 g/t Ag
- 4.12% Cu, 0.02 g/t Au, and 1.49 g/t Ag
- 3.97% Cu, 0.19 g/t Au, and 2.74 g/t Ag
- 2.98% Cu, 0.18 g/t Au, and 17.18 g/t Ag
- 2.78% Cu, 0.13 g/t Au, and 1.16 g/t Ag
- 2.74% Cu, 0.03 g/t Au, and 301.00 g/t Ag
- 2.53% Cu, 0.32 g/t Au, and 736.00 g/t Ag
- 2.46% Cu, 0.24 g/t Au, and 5.91 g/t Ag
- 2.19% Cu, 0.03 g/t Au, and 112.00 g/t Ag
- 2.11% Cu, 0.33 g/t Au, and 7.54 g/t Ag
- 2.06% Cu, 0.01 g/t Au, and 603.00 g/t Ag
- 2.00% Cu, 0.03 g/t Au, and 179.00 g/t Ag
- 1.88% Cu, 0.02 g/t Au, and 172.00 g/t Ag
- 1.77% Cu, 0.34 g/t Au, and 224.00 g/t Ag
- 1.62% Cu, 1.61 g/t Au, and 22.12 g/t Ag
Silver (Ag) Zinc (Zn) Copper (Cu) Lead (Pb) Assays
- Extended “Cuba-Tetra-Thumper” trend – High-grade Ag-Zn-Cu-Pb barite system sampled and mapped over ~2.5km strike parallel to the Mclymont Fault system:
- 2,350 g/t Ag, 15.20% Zn, 1.30% Cu, and 0.59% Pb
- 2,338 g/t Ag, 12.90% Zn, 1.60% Cu, and 0.16% Pb
- 1,022 g/t Ag, 7.10% Zn, 0.30% Cu, and 0.69% Pb
- 854 g/t Ag, 4.30% Zn, 5.40% Cu, and 1.53% Pb
- 833 g/t Ag, 11.71% Zn, 0.22% Cu, and 1.24% Pb
- 775 g/t Ag, 5.9% Zn, 0.74% Cu, and 0.075% Pb
- 473 g/t Ag, 10.4% Zn, 0.18% Cu, and 0.013% Pb
- 451 g/t Ag, 7.80% Zn, 0.23% Cu, and 0.073% Pb
- 285 g/t Ag, 2.84% Zn, 0.23% Cu, and 0.034% Pb
- 269 g/t Ag, 2.00% Zn, 0.12% Cu, and 0.020% Pb
- 242 g/t Ag, 1.55% Zn, 0.15% Cu, and 0.007% Pb
- 242 g/t Ag, 12.92% Zn, 0.11% Cu, and 0.009% Pb
- 107 g/t Ag, 13.31% Zn, 0.048% Cu, and 4.43% Pb
- 12.44 g/t Ag, 12.04% Zn, 0.032% Cu, and 1.24% Pb
- 28.2 g/t Ag, 8.34% Zn, 0.016% Cu, and 0.002% Pb
- 88.32 g/t Ag, 6.90% Zn, 0.082% Cu, and 0.003% Pb
- 57.84 g/t Ag, 5.61% Zn, 0.043% Cu, and 10.6% Pb
- 4.56 g/t Ag, 5.52% Zn, 0.007% Cu, and 0.24% Pb
- Follow-up chip-channel sampling (not continuous) along several outcrops over ~200m trend of “Cuba-Tetra-Thumper” returned:
- 2.4 metres of 1,071 g/t Ag, 9.30% Zn, 0.37% Cu, and 2.0% Pb on surface.
- 4.8 metres of 728 g/t Ag, 7.70% Zn, 0.19% Cu, and 6.2% Pb on surface.
- 1.5 metres of 359 g/t Ag, 10.0% Zn, 0.17% Cu, and 0.018% Pb on surface.
- 3.0 metres of 296 g/t Ag, 7.0% Zn, 0.12% Cu, and 0.022% Pb on surface.
- 3.0 metres of 232 g/t Ag, 3.9% Zn, 0.039% Cu, and 0.55% Pb on surface.
- 1.5 metres of 224 g/t Ag, 2.3% Zn, 0.070% Cu, and 0.66% Pb on surface.
- 2.5 metres of 129 g/t Ag, 4.99% Zn, 0.09% Cu, and 2.05% Pb on surface.
- 2.0 metres of 67.82 /t Ag, 4.59% Zn, 0.064% Cu, and 0.006% Pb on surface.
- 1.5 metres of 85.27 g/t Ag, 3.27% Zn, 0.041% Cu, and 0.25% Pb on surface.
Nickel (Ni) Cobalt (Co) Copper (Cu) Silver (Ag) Assays
- “Brass Rose” showing – High-grade Ni-Co-Cu-Ag arsenide/sulphide occurrence:
- 7.7% Ni, 0.85% Co, 0.17% Cu, and 10.9 g/t Ag
- “Grey Rose” showing ~1.5km from “Brass Rose” discovered multiple outcrop samples of various vein generations including:
- 3.2% Ni, 0.57% Co, 1.3 g/t Au, and 1.5 g/t Ag
- 2.4% Ni, 0.34% Co, 0.2 g/t Au, 21.2 g/t Ag, and 0.13% Cu
- 0.86% Ni, 0.19% Co, 0.02 g/t Au, and 2.69 g/t Ag
- 0.58% Ni, 0.10% Co, 0.11 g/t Au, and 4.74 g/t Ag
- 0.12% Ni, 0.08% Co, 0.01 g/t Au, and 18.72 g/t Ag
- Follow-up chip-channel sampling (not continuous) along the same outcrop of “Grey Rose” Ni-Co returned:
- 2.0 metres of 2.8% Ni, 0.50% Co, 0.13 g/t Au, and 9.8 g/t Ag on surface.
- 2.0 metres of 0.58% Ni, 0.11% Co, 0.11 g/t Au, 4.74 g/t Ag, and 0.16% Zn on surface.
- 2.0 metres of 0.61% Cu, 0.04% Co, 79.53 g/t Ag, and 0.66% Zn on surface.
- There is a general Ni-Co enrichment across a wide range of samples throughout the Chachi Corridor proximal to the IP conductivity/chargeability feature.
Photo / Map Gallery
Representative sample B0003611 assaying 7.7% Ni, 0.85% Co, 0.17% Cu, and 10.9 g/t Ag with additional rep. samples for the showing in the background.
Representative sample of massive sulphides (pyrrhotite, pyrite with minor chalcopyrite) in contact with high-grade Ni-Co arsenides. Rep. sample assayed 0.20% Cu.
Newly discovered gabbroic mafic intrusive rocks within the Chachi Corridor. This rock type is highly unusual for the region and is often associated with Ni-Cu-Co deposits around the world.
Cautionary Statement of Photo Gallery:
Please note the visualizations are selected images highlighting strong visual mineralization from a variety of new showings and recent diamond drill core. Mineral identification has been determined visually by geologists and cross-referenced via mobile X-ray Fluorescence elemental geochemical techniques (ThermoScientific Niton XL5 pXRF). Portable XRF data is not provided as it is not an indicator of representative geochemistry of the entire rock mass. The reader should also note that while relative spatial information is provided, mineralization is not necessary representative of space between any given location and it should not be assumed that lateral continuity exists. The reader is encouraged to exercise caution, due their due diligence, and determine their own conclusions with the information provided.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., CEO/President for Crystal Lake Mining, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
QAQC/ Analytical Procedures
Rock Samples
Rock samples from the Newmont Lake Project were sent to MSALABS’ preparation facility in Terrace, B.C., where samples were pulverized to 85% passing 75 microns. Prepped samples were sent to MSALABS’ analytical facility in Langley, B.C., where 50g pulps were analyzed for gold using method FAS-121 (fire assay-AAS finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Rock samples were analyzed for 53 elements using method IMS-230, multi-element ICP-MS 4-acid digestion, ultra-trace level. Silver assay results greater than 100 g/t Ag and cobalt, copper, nickel, lead and zinc greater than 10,000ppm were automatically analyzed by ore grade method ICF-6.
Crystal Lake Mining conducts its own QA/QC program where three standard reference material pulps, two blank reference material samples are inserted for every 100 samples when analyzing rock samples.
Soil Samples
Soil samples from the Newmont Lake Project were sent to MSALABS’ preparation facility in Terrace, B.C., where samples were prepared using method PRP-757. Soil samples were dried and screen to 80 mesh, discard plus fraction. Prepped samples were sent to MSALABS’ analytical facility in Langley, B.C., where they were analyzed for 51 elements using IMS-131 for samples with 20g or greater and IMS-130 for samples between 0.5g and 20g.
Crystal Lake Mining conducts its own QA/QC program where three standard reference material pulps, two blank reference material pulps are inserted for every 100 samples when analyzing soil samples.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.’s Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Maurizio Napoli”
President & CEO
Email: info@crystallakemining.com
SOURCE Crystal Lake Mining Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2019/10/c5341.html
Contact:
Momentum Public Relations, Tel: +1 (514) 815-7473, Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Mining, News Home