Crystal Lake to start drilling at Nicobat
Momentum Public Relations
Press Release: March 15 2018
Crystal Lake Mining Corp.(CLM:V) has provided an update on its 100-per-cent-owned Nicobat project, where the company is developing a pipeline of highly prospective nickel sulphide targets. Recently expanded to cover 50 square kilometres in Northwestern Ontario’s Rainy River district, Nicobat features excellent infrastructure (road, rail and power access) and a historic nickel-copper-cobalt sulphide mineral zone defined by drilling more than four decades ago.
Highlights:
- Crews are mobilizing to commence drilling within the next seven days at Nico 1 on the western contact of the Dobie Intrusion (below and north of the historic zone);
- Lamontagne Geophysics Ltd. has been contracted to carry out surface and then borehole electromagnetic surveys upon completion of diamond drill holes at Nico;
- A deep penetrating EM survey will be flown by CGG Canada Services Ltd. over Crystal Lake’s claims including the Nico 1 and Nico 2 properties. The objective of the survey is to detect an electrically conductive signature of sulphide mineralization associated with mafic intrusive bodies and strong magnetic anomalies that may represent mafic-ultramafic intrusions under cover.
Crystal Lake Mining has assembled a proven geological and geophysical team to unlock the full potential of its Nicobat project which is being targeted for high-grade nickel, copper, cobalt and precious metal mineralization.
The Rainy River district is situated between major translithospheric faults, and the mafic-ultramafic intrusions in this region are prospective for magmatic sulphide mineralization.
The Nicobat project is near Emo, Ont., approximately 35 kilometres east of the Rainy River gold mine.
New website
Crystal Lake Mining invites investors to check out the company’s new website.
Qualified person
The technical information in this news release has been reviewed and approved by Dr. Peter C. Lightfoot, PGeo, and Dr. Elisabeth Ronacher, who are both qualified persons responsible for the scientific and technical information in this news release under National Instrument 43-101 standards. Certain technical information in this news release has previously been disclosed by Crystal Lake Mining in its public disclosure record. Readers should refer to Crystal Lake Mining’s full public disclosure record on SEDAR.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through new nickel-rich sulphide discoveries in the underexplored Rainy River district of Northern Ontario using technical excellence in exploration target development and technologies.
We seek Safe Harbor.
- Published in Crystal Lake Mining
Crystal Lake gets TSX-V OK for Ont. claims purchase
Momentum Public Relations
Press Release: February 27 2018
PROPERTY ASSET AGREEMENT APPROVED AS CRYSTAL LAKE TARGETS RAINY RIVER DISTRICT FOR NEW NICKEL-RICH SULPHIDE DISCOVERIES
The TSX Venture Exchange has accepted for filing a purchase agreement dated Sept. 28, 2017, between Crystal Lake Mining Corp. and Emerald Lake Development Corp., a private Ontario company, whereby Crystal Lake has acquired certain mineral rights subject to a 2-per-cent net smelter return located in the Rainy River district near Emo, Ont.
As consideration for 100 per cent of the mineral rights, Crystal Lake will pay $50,000 on closing and issue 10.5 million common shares of the company. Significantly, the vendor has agreed to an 18-month voluntary hold period on selling the shares issued in connection with the transaction. For further information, please refer to the company’s news release dated Oct. 5, 2017.
The transaction is arm’s length in nature, and there are no finders’ fees.
The six separate prospective claim blocks that have been acquired are targeting nickel, copper, cobalt and platinum group minerals.
Crystal Lake is rapidly approaching the start of its exploration/drilling program and eagerly anticipates updating shareholders regarding its plans in the very near future.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through new nickel-rich sulphide discoveries in the underexplored Rainy River district of Northern Ontario using technical excellence in exploration target development and technologies.
We seek Safe Harbor.
- Published in Crystal Lake Mining
Crystal Lake shareholders approve all matters at AGM
Momentum Public Relations
Press Release: February 1, 2018
Crystal Lake Mining Corp. has released the results of its annual general meeting of shareholders which was held on Jan. 31, 2018.
Richard Savage, John Meekison, Alphonse Ruggiero and Wally Boguski were re-elected to the board. All motions were approved by shareholders and the company’s shareholder rights plan was renewed. Mr. Savage will continue as chief executive officer and Mr. Ruggiero will continue as chief financial officer.
The company thanks shareholders for their continued support and look forward to an exciting year ahead.
About the company
Crystal Lake is a mineral exploration/development company with a focus on creating value through the exploration and development of the company’s Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining
Crystal Lake enters new deal for L1, L5 properties
Momentum Public Relations
News Release: January 30, 2018
Crystal Lake Mining Corp.(CLM:V) has entered into an agreement with Emerald Lake Development Corp. (ELD), which will create a more favourable path to 100-per-cent ownership of the L1 and L5 properties, both in the Chapple township, district of Rainy River. The L1/L5 agreement, which will supersede and replace all prior agreements concerning these properties, will allow the company to acquire a 100-per-cent interest in the properties on the terms fully disclosed in its most recent management’s discussion and analysis at Sept. 30, 2017. This may be viewed by visiting SEDAR.
The company’s new website is currently under construction and is expected to be operational shortly with up-to-date corporate and geological information.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its Ontario and B.C. mineral properties.
- Published in Crystal Lake Mining, Mining
Crystal Lake Closes Private Placements
Momentum Public Relations Press Release: January 17, 2018
Crystal Lake Mining Corporation (the "Company") is pleased to announce that it has closed the $500,000 f --->low-through private placement announced on October 26, 2017 and referenced in a press release on November 27, 2017 and t --->he $400,000 non-flow-through private placement announced on October 25, 2017, and referenced in press releases dated Nov --->ember 6, 2017 and November 27, 2017. The Company has issued 2,000,000 flow-through units ("FT Units") for gross proceeds of $500,000. Each FT Unit consists o --->f one common issued at $0.25 per share and one-half common share purchase warrant (each whole share purchase warrant bei --->ng a "Warrant"). Each Warrant may be exercised by the holder to purchase an additional common share at a price of $0.30 --->For 18 months from closing. The Company has also issued 2,000,000 non-flow-through units ("NFT Units") for gross proceeds of $400,000. Each NFT Unit ---> consists of one common share issued at $0.20 per share and one common share purchase warrant (a "Warrant"). Each Warran --->t may be exercised by the holder to purchase an additional common share at a price of $0.25 For 18 months from closing. The proceeds from the private placements will be used to advance exploration activities at the Company's Canadian proper --->ties and for general working capital. Finder's fees of $4,200 and 21,000 Warrants were paid in connection with the NFT Unit issuances and $14,752.50 and 59,01 --->0 Warrants were paid in connection with the FT Unit issuances. The NFT Units have a four-month hold period expiring on April 4, 2018 and the FT Units have a four-month hold period exp --->iring on April 12, 2018. About the Company Crystal Lake Mining Corporation is a mineral exploration/Development company focused on creating value through the explo --->ration and development of its British Columbia and Ontario mineral properties. On behalf of The Board of Directors of Crystal Lake Mining Corporation. Alphonse Ruggiero, Director/CFO This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncerta --->inties not under the control of Crystal Lake Mining Corporation which may cause actual results, performance or achieveme --->nts of Crystal Lake Mining Corporation on to be materially different from the results, performance or expectation implie --->d 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 Ve --->nture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by ma --->nagement.
- Published in Crystal Lake Mining, Mining
PROPERTY ACQUISITION PROGRESS RESTATEMENT
Momentum Public Relations
Press Release: December 11, 2017
On Dec. 8, 2017, Crystal Lake Mining Corp. issued a property update and it wishes to add to and clarify several items contained therein.
The subject Emo, Ont., properties are specifically located in Dobie, Kingsford, Mather, Potts and Tait townships, in the Dogpaw Lake and Heronry Lake areas.
The company has commissioned Ronacher McKenzie Geoscience to prepare an independent technical report in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects — on the properties.
All claim blocks are within 60 kilometres of each other. The target is Ni-Cu-PGE (nickel-copper-platinum-group-elements) mineralization, however, the exact geological characteristics of the claim blocks remain to be determined.
The geological content of this press release was reviewed by Dr. Elisabeth Ronacher, PhD, PGeo, a qualified person in accordance with in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining
Crystal Lake adds three properties to acquisition
Momentum Public Relations
Press Release: December 8 2017
Crystal Lake Mining Corp. has made progress on its acquisition of the minerals rights to the Emo, Ont., properties referred to in previous news as Property 1, Property 5, Property 7 and Property 8. The company agreed to purchase a 100-per-cent interest in those properties by paying $50,000 and issuing 10.5 million shares to Emerald Lake Development Corp., subject to a 2-per-cent net smelter royalty, 1 per cent of which may be purchased for $1-million.
The company received conditional approval to the acquisition on Nov. 14, 2017, which required, among other things, the preparation of a current geological report and demonstrated ability to finance the first stage of work on the properties. The company has commissioned Ronacher McKenzie Geoscience to prepare the requisite National Instrument 43-101 report on the properties, and, due to its recent fundraising initiatives, the company now has the financial resources necessary to finance the initial stage of consequently recommended exploration.
The company is pleased that acquisition has since been expanded to include additional properties known as Property 2, Property 3 and Property 4, and the added properties will be included without additional consideration. All of the claim blocks are in the same area and have similar geological characteristics to the EL1 and EL5 property blocks, which the company currently holds under option, targeting nickel, copper, cobalt and platinum group metal massive sulphides.
The company is expecting final approval shortly after the receipt of the pending geological report.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its B.C. and Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining
Crystal Lake to begin drilling at Emo in early 2018
Momentum Public Relations
Press Release: November 30, 2017
Crystal Lake Mining Corp. has provided an update on a technical work program, located near the Emo project, Northwestern Ontario.
Crystal Lake Mining Corp is pleased to report progress with the Emo Project in the Rainy River Region of Northwestern Ontario. Regional and property scale magnetic data coupled with historic data have been used to better identify targets. A geological model of the EL1 patent has been prepared by Ronacher McKenzie Geoscience using historic information from company records, recent exploration results (2015 drilling and geophysical data) and data from the public domain. This information is being evaluated and a strategy to target beneath and laterally adjacent to the known near-surface mineralization is being developed.
A plan of drilling coupled with surface and borehole geophysical surveys will be implemented and commencing early in 2018. The objective of the work is to test the roots of the known near-surface mineral zone, and establish whether the breccia-hosted styles of disseminated and net-textured sulfide extend into a root zone of massive sulfide mineralization.
The technical information in this Press Release (the “Technical information”) has been approved by Dr. Peter C. Lightfoot, a Qualified Person under National Instrument 43-101 (“NI 43-101”). Certain Technical Information in this Press Release has previously been disclosed by Crystal Lake in its public disclosure record. Readers should refer to Crystal Lake’s full public disclosure record at www.sedar.com.
About the Company
Crystal Lake Mining Corporation is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake’s two placements oversubscribed
Momentum Public Relations
Press Release: November 27, 2017
Crystal Lake Mining Corp. (CLM:tsxv) has received subscriptions for two million units totalling $400,000 pursuant to the non-brokered, non-flow-through private placement announced on Nov. 6, 2017. Each unit consists of one common share issued at 20 cents per share, and one common share purchase warrant. One warrant may be exercised by the holder to purchase one additional common share at a price of 25 cents for 18 months from closing.
In addition, the company has received subscriptions for two million flow-through units totalling $500,000 pursuant to the flow-through private placement announced on Oct. 26, 2017. Each flow-through unit consists of one flow-through common share issued at 25 cents per share, and one-half of one non-flow-through common share purchase warrant. One warrant may be exercised by the holder to purchase an additional non-flow-through common share at a price of 30 cents for 18 months from closing.
The proceeds of this private placement will be used to advance exploration activities at the company’s Emo, Ont., properties and for general working capital.
Both the flow-through and non-flow-through private placements were oversubscribed.
Finders’ fees are payable to qualified recipients at the rates allowable by the TSX Venture Exchange. All securities issued are subject to a four-month hold period and closing remains subject to TSX-V approval.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining, News Home, Uncategorized
Crystal Lake Mining arranges $400,000 private placement
Momentum Public Relations
Press Release: November 6, 2017
Crystal Lake Mining Corp. has arranged an additional, non-brokered two million units non-flow-through financing with total proceeds totalling $400,000. Each non flow-through unit priced at 20 cents per unit. Each unit comprises one common share and one full common share purchase warrant which may be exercised at a price of 25 cents per share for a period of 18 months following closing. The proceeds of this private placement will be used to advance exploration activities at the company’s Emo, Ont., properties and for general working capital. A work program on the company’s Emo property holdings will commence shortly. (See press release dated Oct. 18, 2017). Finder’s fees will be payable to qualified recipients at allowable rates.
All securities issued are subject to a four-month hold period and subject to Toronto Stock Exchange approvals.
The company is unaware of any material changes.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
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- Published in Crystal Lake Mining, Mining, News Home