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 VANCOUVER
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
VANCOUVER
,
Jan. 17, 2020
/CNW/ -
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.
Figure 1: Sample from BRCH19-01 of 3.29% Cu, 8.59% Zn, 3.75 g/t Au, and 63.40 g/t Ag over
10.00 metres on surface. Chalcopyrite, sphalerite, and pyrite cement of hydrothermal breccia is
observed. This new showing is ~350m south of drill pad “A-1” at Burgundy Ridge. (CNW
Group/Crystal Lake Mining Corporation)
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.
Figure 2: Sample from BRCH19-01; K-Feldspar altered rock with chalcopyrite stockwork. This
separate mineralization event from Figure 1 averaged 0.46% Cu, 0.53 g/t Au, 10.33 g/t Ag, and
0.32% Zn over the final 7.00 metres where winter conditions shut down sampling. This new showing
is ~350m south of drill pad “A-1” at Burgundy Ridge. (CNW Group/Crystal Lake Mining Corporation)
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:
www.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.
SOURCE
Crystal Lake Mining Corporation
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CO: Crystal Lake Mining Corporation
CNW 12:41e 17-JAN-20