VANCOUVER, Sept. 18, 2019 /CNW/ - Crystal Lake Mining
Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF)
("Crystal Lake" or the "Company") is pleased to announce the
intersection of shallow high-grade gold mineralization at
Crystal Lake's Newmont Lake Gold
Corridor. The new results are crucial as they provide evidence of a
thick unit of unusually high-grade gold mineralization within a
broad envelop of continuous low-grade gold mineralization. This
discovery is important as it demonstrates that the mineral zone
actually increases in both width and in grade in areas where
previous models indicate a narrowing of the mineral zone.
Additionally, a second deeper horizon has been intersected in an
area without gold mineralization in previous models adding to the
exploration potential of the Newmont Lake gold corridor along the
western flank of the Eskay Rift in NW BC.
The first diamond drill core assay results from ongoing drilling
at the NW Zone underscore the potential for higher grades and
increased continuity of grade which can result in significant
expansion of the historic mineralization while brand new high-grade
domains are targeted elsewhere along the gold-bearing McLymont
Fault and numerous associated splay faults.
Highlights:
- The second of three drill holes, building on the northern
extension of the Northwest zone, intersected 15.1 g/t Au
over 8.03 metres (106.32 metres to 114.35 metres), including
76 g/t Au over 1 metre, in addition to an even shallower
high-grade intercept of 7.6 g/t Au, 23.1 g/t Ag and 1.03% Cu
over 5.30 metres starting just 82 metres downhole (including
26.1 g/t Au over 1.3 metres);
- These two shallow high grade gold zones form a thick continuous
intercept of 44 metres (82 metres to 126.13 metres, approximate
true width) grading 4.03 g/t Au, 4.06 g/t Ag and 0.29% Cu, in
addition to a deeper wide interval of disseminated gold
mineralization (77 metres @ 0.29 g/t Au) starting 157 metres
downhole which points to the potential for new discoveries
including more high-grade mineralization at depth;
- Ongoing drilling of this significantly upgraded portion of the
NW Zone Historic Resource* has encountered visually similar
mineralization in the third hole completed along section with an
estimated down-dip step out of approximately 22 to 30 metres.
Assays are pending.
- The fourth hole on section in the Newmont Lake Gold Corridor is
ongoing.
Dr. Peter Lightfoot, Technical
Adviser to Crystal Lake,
commented: "The western flank of the Eskay Rift is endowed
with significant high-grade mineralization styles that fit with a
wide range of deposit models, and require very efficient pathways
for fluids and magma to migrate from depth to the surface and form
ore deposits. The gold mineralization developed along the western
flank of the Newmont Lake graben is part of this wider mineral
system, and Crystal Lake is
aggressively developing an understanding of how the high-grade gold
mineralization relates to the McLymont fault, its subsidiary faults
and associated hydrothermal breccias."
Assay Highlights from Newmont Lake Gold Corridor Second Drill
Hole (NWDDH19-012)
NWDDH19-012
|
From (m)
|
To (m)
|
Interval
(m)
|
Au (g/t)
|
Ag (g/t)
|
Cu (%)
|
Interval
|
82.00
|
123.13
|
44.13
|
4.03
|
4.06
|
0.29
|
Including
|
87.00
|
92.30
|
5.30
|
7.57
|
23.10
|
1.03
|
Including
|
91.00
|
92.30
|
1.30
|
26.15
|
20.25
|
1.20
|
Also
Including
|
106.32
|
114.35
|
8.03
|
15.11
|
4.29
|
0.68
|
Including
|
106.32
|
107.32
|
1.00
|
16.16
|
5.13
|
0.66
|
Including
|
111.35
|
112.35
|
1.00
|
76.56
|
11.54
|
0.47
|
Including
|
112.35
|
112.35
|
1.00
|
11.62
|
1.26
|
0.02
|
Interval
|
157.00
|
234.15
|
77.15
|
0.29
|
0.30
|
0.03
|
Collar Coordinates for Newmont Lake Gold Corridor Second
Drill Hole (NWDDH19-012)
Hole ID
|
Easting
(m)
|
Northing
(m)
|
Azimuth
(°)
|
Dip (°)
|
Depth (m)
|
NWDDH19-010
|
381288
|
6300915
|
298
|
55
|
198
|
NWDDH19-012
|
381288
|
6300915
|
296
|
75
|
261
|
NWDDH19-017
|
381288
|
6300915
|
247
|
90
|
264
|
NWDDH19-020
|
381288
|
6300915
|
121
|
70
|
120
|
The Historic Resource* (historic inferred resource) that
contains 1,406k tonnes at an average
grade of 4.43 g/t Au, 0.22% Cu and 6.4 g/t Ag at a projected "base
case" cut-off grade of 2 g/t Au containing 200,000 oz Au, 6.79
million lbs of copper and 291,000 oz of silver (Mineral
Resource Estimate on the North West Zone, Newmont Lake Property,
submitted to Romios Gold Resource Inc., May
11, 2007). This resource estimate was based solely on the
drill hole data collected by Gulf Minerals in the late 1980's and
early 1990's.
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
Drill core samples
from the Northwest Gold Zone were sent to MSALABS' preparation
facility in Terrace, B.C., where
samples were prepared using PRP-910 method. Core 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 the FAS-211 method, fire
assay AAS finish. Core samples were analyzed for 53 elements
using the IMS-230 method, multi-element ICP-MS 4-acid digestion,
ultra fine 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 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
Phone: 1-604-440-8474
https://crystallakemining.com/
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.
Cautionary Statement of Historic Resource*
The mineral
estimate cited above is presented as a historical estimate and uses
historical terminology which does not conform to current NI 43-101
standards. A qualified person has not done sufficient work to
classify the historical estimate as current mineral resources or
mineral reserves. Although the historical estimates are believed to
be based on reasonable assumptions, they were calculated prior to
the implementation of National Instrument 43-101. These historical
estimates do not meet current standards as defined under sections
1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating
the historical estimate as current mineral resources or mineral
reserves.
Cautionary Statement of Photo Gallery:
Please note the
visualizations are selected images highlighting strong visual
mineralization from recent diamond drill core. These "high-grade
images" should not be considered representative of the entire drill
hole. The reader is encouraged to exercise caution, due their due
diligence, and determine their own conclusions with the information
provided.
SOURCE Crystal Lake Mining Corporation