Vanstar Announces 1.26 g/t Au Over 123.7 Meters on the Nelligan Project
Momentum Public Relations
Press Release: August 13, 2019
The management of Vanstar Mining Resources Inc. (“Vanstar”) is pleased to announce that its partner IAMGOLD Corporation (“IAMGOLD”) has intersected in hole NE-19-138 a gold zone of 123.7 meters grading 1.26 g / t Au on the Nelligan joint venture project (IAMGOLD Corporation: 51%, Vanstar Mining Resources Inc.: 49%) and located 60 kilometers southwest of Chibougamau, Quebec, Canada. The Company’s management is also reporting results of the remaining twenty-eight (28) diamond drill holes totaling 10,558 metres completed as part of the 2019 drilling program.
The table below shows the main results of the last 28 surveys from the 2019 winter campaign:
Renard Zone:
- Drill hole NE-19-134: 25 metres grading 1.19 g/t Au
and 14 metres grading 2.26 g/t Au
includes: 4 metres grading 5.92 g/t Auand 59 metres grading 0.90 g/t Au
includes: 2.5 metres grading 5.02 g/t Au - Drill hole NE-19-131 : 32.8 metres grading 1,66 g/t Au
and 33 metres grading 1,11 g/t Au
- Drill hole NE-19-126: 34.5 metres grading 1.75 g/t Au
includes: 7 metres grading 4.69 g/t Auand 20.8 metres grading 1.54 g/t Au - Drill hole NE-19-138: 123.7 metres grading 1.26 g/t Au
includes: 8.5 metres grading 4.25 g/t Au - Drill hole NE-19- 140: 15 metres grading 2,26 g/t Au
and 47 metres grading 0,96 g/t Au
and 21 metres grading 1,13 g/t Au
- Drill hole NE-19-143: 37 metres grading 1,81 g/t Au
Includes: 1,2 metre grading 28,2 g/t Au - Drill hole NE-19-144: 16,5 metres grading 1,92 g/t Au
And 37.5 metres grading 2 g/t Au
Includes: 4.5 metres grading 9,49 g/t Au
Includes: 1.5 metre grading 20,9 gt Au - Drill hole NE-19-145: 50,2 metres grading 1,82 g/t Au
Includes: 0.9 metre grading 20,5 g/t Au - Drill hole NE-19-146: 30.6 metres grading 2,87 g/t Au
Includes: 1,5 metre grading 24,4 g/t Au - Drill hole NE-19-147: 22 metres grading 1,05 g/t Au
and 16.5 metres grading 1,35 g/t Au
and 25.5 metres grading 1.92 g/t Au
and 24.0 metres grading 1.09 g/t Au
and 21.3 metres grading 3.41 g/t Au
includes: 1.5 metre grading 39.1 g/t Au - Drill hole NE-19-149: 17.3 metres grading 5.5 g/t Au
and 31.2 metres grading 1.03 g/t Au
Additional tables accompanying this announcement are available at: http://ml.globenewswire.com/Resource/Download/d9532fca-7f73-4cfb-b364-aade0de5835f
The 2019 diamond drilling program was designed to infill and test the continuity of the mineralized zones of the Renard mineralized system. The program specifically targeted the shallower part of this broad mineralized corridor to confirm and define its extension to the surface. Most of the drilling has achieved the objectives desired by the program.
“This 2019 winter program has generated a set of results that are highly consistent with our expectations, and to date, we remain very confident that the current and future work being done on Nelligan will materialize into a high quality gold deposit,” said the CEO of the company, Mr. Guy Morissette.
In a separate press release on the recent results, Craig MacDougall, Senior Vice President, Exploration for IAMGOLD stated: “We are very pleased to have all of the 2019 drilling results in hand and we are now working to incorporate the new results into our deposit model to support the completion of a mineral resource estimate expected in the second half of the year. Once completed, this will mark an important milestone for the project and a significant achievement by our exploration team. It is also important to note that there is considerable potential to expand the mineralized zones as the Renard zone remains open at depth and to the west along strike.”
Nelligan Project: https://www.globenewswire.com/NewsRoom/AttachmentNg/733c05ef-2a76-49a0-a771-6c38b439fea5
Next Steps
Together with ongoing geological, geochemical and structural studies, assay results from the 2019 drilling totaling 17,558 meters will be integrated to support the development and refinement of a deposit model with the objective of completing an initial 43-101 compliant resource estimate in the second half of 2019. Initial metallurgical tests are also in progress and the results will be used to design future testing programs.
Field activities for the summer season have commenced and will focus on a geological mapping program within the larger property holdings surrounding the Renard discovery to improve the understanding of the structural regional framework and to prospect various geophysical and structural features identified for follow up.
This press release has been read and approved by Mr. Gilles Laverdière, P.Geo. and Qualified Person under National Instrument 43-101.
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.
Source : Guy Morissette, 819-763-5096
CEO Ressources Minières Vanstar Inc.
gmvanstar@gmail.com www.vanstarmining.com
- Published in Gold, Mining, News Home, Vanstar Mining
Crystal Lake Extends Burgundy Ridge Discovery to Depth, Adds Second Drill Rig at Newmont Lake Project
Momentum Public Relations
Press Release: August 12th, 2019
Crystal Lake Mining Corporation (TSXV: CLM) (OTC Pink: SIOCF) (FSE: SOG) (“Crystal Lake” or the “Company“) is pleased to announce that shallow mineralization encountered in first-ever drilling at Burgundy Ridge last fall (four reverse circulation test holes, see March 7, 2019 news release) has deep roots, extending well beyond a copper-gold enriched limestone body as maiden diamond drilling continues at this new grassroots discovery in Northwest B.C.’s Eskay Camp.
Multiple intrusive phases, breccias, alteration and mineralization styles have been intersected in each of the three holes completed to date. Significantly, the just-completed third hole of the current diamond drilling program at Burgundy Ridge was the deepest hole yet, completed over a length of 441 meters (vertical depth of 320 meters) as intensity of mineralization increased downhole in a hydrothermal breccia.
Highlights:
- All the right indicating mineralization styles and alterations were visible starting from surface, yet beyond 270 meters the alteration in the third hole intensified and was mineralized with varying amounts of blebby pyrite+chalcopyrite+malachite+copper oxides;
- Beyond 330 meters the hole encountered potassium-enriched hematite-cemented breccias cut by carbonate veins and mineralized with varying amounts of blebby chalcopyrite+pyrite;
- This third hole was collared 450 meters northwest of last year’s RC platforms and drilled toward the southeast. As mineralization appeared to increase in intensity, the hole was extended beyond its planned depth. It proceeded under the ice from about 200 meters and ended in a pyrite zone at a depth of 441 meters.
Drill core is being rushed for assay. Dr. Peter Lightfoot, Crystal Lake Technical Adviser, recently concluded that, “significant and coherent underlying mineralization processes at Burgundy are driven in part by an impressive fluid highway.” (see July 16, 2019 news release).
Crystal Lake Mining’s Burgundy Ridge Map of Maiden Diamond Drilling Layouts – August 12, 2019
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6406/46850_crystal_fig1_enhanced.jpg
The fourth diamond drill hole at the top of Burgundy Ridge zone has just commenced.
Crystal Lake Targets High-Grade Gold at Northwest Zone
Elsewhere at the 550 sq. km Newmont Lake Project, Crystal Lake has added a second drill rig to target an extension of the historic high-grade Northwest Gold Zone. Hy-Tech Drilling will commence a series of orientated diamond drill holes shortly.
Many areas within and around the historic zone were not sampled by previous operators. Crystal Lake’s team was fortunate to recover an extensive amount of historic boxes of core onsite and an ongoing relogging and resampling program has returned very encouraging results, including 28.7 g/t Au and 3.65 g/t Ag over 0.9 m (207.6m to 298.5m) from 2008 drill hole R08-03 (true width unknown at this time). Historically, this hole showed no high-grade assay results and had been interpreted as closing off the zone on the northeast end. Crystal Lake’s results demonstrate otherwise.
Recently completed geochemical analysis by Crystal Lake already supports the strong potential for an extension of the high-grade system to the northeast. In addition, initial results from an induced polarization (IP) survey carried out by the Company’s geophysics contractor indicate the presence of a chargeability anomaly northeast of the historic zone coincident with the contact between resistive and less resistive lithologies – a prospective area to target new high-grade gold mineralization.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., VP Exploration for Crystal Lake Mining, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
Quality Assurance/Quality Control
Historic core samples from the Northwest Gold Zone 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 they were analyzed for gold using method FAS-221 (fire assay-AAS finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Core 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 five standard reference material pulps, five blank reference material samples and two field duplicates are inserted for every 100 samples when analyzing core 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 Camp in the heart of Northwest B.C.’s prolific Golden Triangle.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Richard Savage”
President & CEO
Email: info@crystallakemining.com
www.crystallakemining.com
For further information please contact:
MarketSmart Communications
Tel: +1 (604) 261-4466
Toll Free: +1 (877) 261-4466
Email: info@marketsmart.ca
Momentum Public Relations
Tel: +1 (514) 815-7473
Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Gold, Mining, News Home
Crystal Lake Commences Maiden Diamond Drilling Program at Burgundy Ridge
Momentum Public Relations
Press Release: August 2nd, 2019
Crystal Lake Mining Corporation (TSXV: CLM) (OTC Pink: SIOCF) (FSE: SOG-FF) (“Crystal Lake” or the “Company“) is pleased to report that a first-ever diamond drilling program has commenced at Burgundy Ridge on the western side of the Company’s 550 sq. km Newmont Lake Project in Northwest B.C.’s Eskay Camp.
The first drill hole is a 200-meter step-out to the north of four shallow RC (reverse circulation) drill holes completed last October. A total of 550 meters of RC drilling confirmed that widespread copper-gold-silver-rich surface mineralization at Burgundy Ridge, exposed by a rapidly receding glacier, extends to depth.
Significantly, preliminary data from an induced polarization (IP) survey completed earlier this month shows a chargeable feature at depth, indicative of sulphides, within the footprint of Phase 1 drilling. Well-defined targets are strongly supported by geophysics, geochemistry and hyperspectral geology. Drilling is being carried out by Swiftsure Diamond Drilling Ltd. with one rig.
Richard Savage, Crystal Lake President and CEO, commented: “After months of preparation, geologists are thrilled at the prospect of immediately building on last year’s initial discovery at Burgundy Ridge through RC drilling. The geology is highly compelling and field work in recent weeks has greatly expanded the overall target area at and around Burgundy Ridge.”
CLM Closes Separate Private Placements Totaling $1.29 Million
Crystal Lake has closed two private placements with strategic investors totaling $1,293,042. In the first private placement for gross proceeds of $1,003,042, the Company issued 2,865,834 units at 35 cents per unit with each unit consisting of one common share in the capital of the company and one-half of a share purchase warrant. Each full warrant entitles the holder to purchase one common share of the Company for a period of 24 months from the closing of the offering at an exercise price of 50 cents per share.
In the second private placement for gross proceeds of $290,000, Crystal Lake issued 725,000 flow-through units at 40 cents per unit with each unit consisting of one common share of the Company and one-half of a share purchase warrant. Each full warrant entitles the holder to purchase one common share of the Company for a period of 24 months from the closing of the offering at an exercise price of 60 cents per share.
The private placements are subject to the approval of the TSXV. No finders’ fees are payable and the securities issued are subject to a four-month hold period from the closing date.
Proceeds from the flow-through portion will be used for the Company’s 2019 exploration program at the Newmont Lake Project while proceeds from the hard dollar financing are intended for general working capital purposes.
Qualified Person
The technical information in this news release has been reviewed and approved by Maurizio Napoli, professional geoscientist, VP Exploration for Crystal Lake Mining, and a qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING CORP.
“Richard Savage”
President & CEO
Email: info@crystallakemining.com
crystallakemining.com
For further information please contact:
MarketSmart Communications
Tel: +1 (604) 261-4466
Toll Free: +1 (877) 261-4466
Email: info@marketsmart.ca
Momentum Public Relations
Tel: +1 (514) 815-7473
Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Mining, News Home
Silver Spruce Clarifies Resource Statement at Cocula Advanced Gold Project
Momentum Public Relations
Press Release: July 31, 2019
Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) is providing the following information regarding the Company’s news release of 15 July 2019. As a result of a review by the Nova Scotia Securities Commission, we are issuing the following news release to clarify our disclosure.
The Company was notified that an estimate of mineral resources in the section titled, “Non-Qualified Resource” of the 15 July 2019 news release was not acceptable under National Instrument 43-101 Standards of Disclosure for Mineral Projects, and the Company retracts the entire statement under the heading “Non-Qualified Resource”.
Further, the Company intends to file a NI 43-101 technical report to be completed by an independent Qualified Personon the Cocula project within forty-five days of the 15 July 2019 news release.
Qualified Person
Dr. Craig Gibson, Ph.D., CPG, Qualified Person, consulting geologist and project manager for the Company, is responsible for the technical content of this press release.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
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. The company seeks Safe Harbour.
Contact:
Silver Spruce Resources Inc.Karl Boltz, President/CEO/Director(866) 641-3397info@silverspruceresources.comwww.silverspruceresources.com
- Published in Mining, News Home, Silver Spruce Resources
Silver Spruce Confirms High Grade Gold Mineralization at Cocula Advanced Gold Project
Momentum Public Relations
Press Release: July 30, 2019
Silver Spruce Resources Inc. has received assays from due diligence samples taken from the Timmins Gold (now Alio Gold) reverse circulation (RC) drill program stored at the project and assays from new surface samples taken by the independent qualified person preparing the maiden National Instrument 43-101 report on the Cocula project in Jalisco state, Mexico.
The reverse circulation drill samples for due diligence purposes were selected to confirm the grades reported previously by Timmins, focusing both on individual, isolated samples as well as continuous intervals in order to confirm the grades and tenors originally reported. The first set of fifteen samples was selected by ProDeMin crews under the direction and supervision of Dr. Craig Gibson, Ph.D., CPG, Qualified Person. A second set of twelve samples including eight surface exposures and four samples of RC drill cuttings was selected by the independent Qualified Person (“QP”) that is preparing the NI 43-101 report for Silver Spruce. The samples of RC cuttings returned assay results that are generally correlated with the results reported by Timmins.
Eight rock chip channel samples that were taken by the independent QP during his requisite field visit for the NI 43-101 report show the presence of gold mineralization at surface of up to 16.65 grams per tonne (“g/t”) gold (“Au”), or 0.54 ounces per tonne gold.
“We are satisfied with the correlative assay results of check samples from the Timmins drill program. We are also quite encouraged by the high grades of gold that were sampled at surface from a trench across the mineralized breccia target,” stated Karl Boltz, President & CEO of Silver Spruce.
Cocula Mineralization
Channel sampling by Timmins across the outcrop of the Cocula breccia returned 136 m with 2.39 g/t Au, 19 g/t Ag, 1.07% Pb and 0.12% Zn. High grades of up to 25 g/t Au were reported for individual samples.
In 2008, Timmins drilled 27 RC holes (1,974 m) and confirmed the continuity of the Cocula breccia along 800 m of strike, open in all directions. Some example intercepts are:
Drill hole RCC-01 returned 7.5 m of 5.8 g/t Au within a longer interval of 37 m of 1.3 g/t Au, 13 g/t Ag, and 1.1 % Pb from the surface,Drill hole RCC-09 cut 10.5 m with 1.76 g/t Au and 13.5 m with 1.37 g/t Au within a larger interval of 54 m with 0.72 g/t Au, 8.9 g/t Ag, and 0.96% Pb, and
Drill hole RCC-10 has an intercept of 37.5 m with grades of 1.2 g/t Au; 13 g/t Ag and 1.34 % Pb that includes two narrow intervals of 3.0 m with 6.3 g/t Au and 7.5 m of 3.0 g/t Au.
Surface Agreements Signed
Surface agreements assuring access to the project for exploration and drilling have been signed by representatives with power of attorney for three families that own the ranches at the Cocula project.
The Company has the “green light” to continue its due diligence process and a final purchase decision will be made by the Company, in due course, under its six month Right of First Refusal.
Silver Spruce should have its drill permit approved shortly and is preparing a drilling strategy to evaluate the current mineralization and exploration targets.
Quality Assurance and Quality Control
Samples by Silver Spruce and for the NI 43-101 report were analyzed by ALS Global, a worldwide analytical testing laboratory well-known in the exploration and mining community. Samples submitted to ALS consisted of RC drill cuttings and rock chip-channel samples that were analyzed for gold by the Au-AA26 method, consisting of a 50 g fire assay with an AA finish. No blind control samples were submitted as these are duplicates, but the laboratory uses standards and blanks as part of its routine QA-QC program.
The original sample assays of Timmins were completed by International Plasma Labs (IPL) of Richmond, B.C. Gold assays by IPL were completed by fire assay and AA spectroscopy on a 30 gm sample aliquot. For the IPL samples, those with Au values of 1 g/t or more or Ag values of 100 g/t or more were reanalyzed by fire assay and gravimetric methods.
Qualified Person
Dr. Craig Gibson, Ph.D., CPG, Qualified Person, is responsible for the technical content of this press release.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
- Published in Mining, News Home, Silver Spruce Resources
Crystal Lake Amends Agreement with Sassy Resources
Momentum Public Relations
Press Release: July 26, 2019
Crystal Lake Mining Corporation (TSXV: CLM) (OTC Pink: SIOCF) (FSE: SOG-FF) (“Crystal Lake” or the “Company“) announces that, further to its news release of June 25, 2019, the Company has amended the arrangement agreement with its wholly-owned subsidiary, Sassy Resources Corporation, in order to fully align the agreement with U.S. securities laws. Financial terms of the arrangement remain the same. The amended arrangement agreement is dated for reference July 25, 2019, and is available at www.sedar.com under the profile of the Company.
A CEO for Sassy is expected to be announced during the first half of August. Sassy is also launching a first phase of exploration next month at its Foremore claims directly north of Crystal Lake’s Newmont Lake Project in Northwest B.C.’s Eskay Camp.
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.
“Richard Savage”
President & CEO
Email: info@crystallakemining.com
www.crystallakemining.com
For further information please contact:
Momentum Public Relations
Tel: +1 (514) 815-7473
Email: mark@momentumpr.com
- Published in Crystal Lake Mining, Mining, News Home