Symbol: TSX-V: CLM
VANCOUVER, Nov. 2, 2018 /CNW/ - Crystal Lake Mining
Corporation (the "Company" or "Crystal Lake") is pleased to
announce that it has completed a six-hole reverse circulation drill
program at its recently optioned Newmont Lake Project in the
prolific Golden Triangle. Initial assay results are expected
during the second half of November.
Richard Savage, Crystal Lake President and CEO, commented:
"We're elated that we were able to complete a first-pass program so
late in the season at both Burgundy Ridge, never previously
drilled, and the Newmont Lake gold system. Crews did an
exceptional job with four holes completed at Burgundy Ridge,
providing an opportunity for a new discovery, and two at Newmont
Lake. Visual observations of the mineralogy in the rock chips
by our geological team were very encouraging and we eagerly
anticipate reporting initial assays beginning later this
month."
The Newmont Lake Project is a vastly under-explored
district-scale land package (436 sq. km) with multi-commodity
potential in the heart of the Eskay Rift. Crystal Lake has an option to earn a 100%
interest in the project from Romios Gold Resources Inc. (see
September 24, 2018, news
release).
Along with drilling by Crystal
Lake in October, extensive surface sampling was completed by
Romios crews over the summer at various targets with results
pending. In addition, a review of all historical data is
being carried out by Crystal Lake
which is expected to lead to exciting new geological
interpretations over the coming months and a dynamic 2019
exploration program.
Qualified Person
The technical information in this news release has been reviewed
and approved by Dr. Peter C.
Lightfoot, P.Geo., a Qualified Person responsible for the
scientific and technical information in this news release 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 the discovery
of new magmatic nickel sulfide deposits and other deposit types
using technical excellence in exploration target development.
On behalf of The Board of Directors of Crystal
Lake Mining Corporation,
Richard
Savage, President & CEO
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