Crystal Lake Drills Discovery Hole - High-Grade Nickel-Copper-Cobalt Mineralization on EL1 Property, NW Ontario
Crystal Lake Drills Discovery Hole - High-Grade Nickel-Copper-Cobalt
Mineralization on EL1 Property, NW Ontario
VANCOUVER, March 30, 2017 /CNW/ - Crystal Lake Mining Corporation (TSX-V: "CLM") ("Crystal Lake"
or the "Company") is pleased to announce results from a drill project carried out on its optioned property
in NW Ontario (the "EL1 Property").
The EL1 Property is one of several optioned by Crystal Lake but is the flagship project that hosts the
principal exploration target containing polymetallic Ni–Cu–PGM sulphides hosted within a mafic norite
intrusion referred to as the Emo Complex or Dobie Intrusion.
Historical drilling from the period beginning in the 1950's to 1972 outlined a mafic intrusive mineralized
zone measuring 335m in N-S strike direction, 275m in width, and 305m explored depth with a predicted
plunge of 30 to 45 degrees north. Stratmat Limited (1956) reported a potential resource of 6.4 million
tonnes of polymetallic sulphides. Chibtown Copper Corporation (1966) reported "indicated reserves" of
4.8 million tonnes grading 0.28% Cu, 0.24% Ni, 0.05% Co. The mineralized body was defined from
historical drilling of 220 short drill holes. Both Stratmat Limited and Chibtown Copper Corporation were
well respected junior miners listed on the Toronto Exchange at the time of disclosure and supervised the
drill programs. Key assumptions and methods used to prepare the historical estimates are not known but
both would likely be categorized today as "inferred" resources. Since those dates there have been no
further or more recent estimates. As the original data is no longer available the ground would have to be
redrilled should Crystal Lake wish to provide its investors with a resource calculation. No work has been
carried out by the Company to classify the historical estimates as current mineral resources nor is the
Company treating the historical estimates as a current mineral resource.
While not considered economic at the time what attracted Crystal Lake is that the disseminated
mineralization contains higher-grade parallel north-trending lenses (also referred to as shoots) with
historic drilling indicating widths of 4.3m to 12.2m. One such shoot was estimated to contain 204,000
tonnes grading 0.65% Cu and 0.87% Ni. A total of seven such shoots were identified but not similarly
documented as to tonnage or grade. Again, no work has been carried out by the Company to classify this
historical estimate as current mineral resources nor is the Company treating the historical estimate of one
such shoot as a current mineral resource. The exploration model developed by Crystal Mining's partner
Emerald Lake Development Corp., is to explore for massive sulphide bodies which may occur below the
disseminated low-grade copper-nickel-cobalt mineralization.
In late 2015 the Company drilled in total 6,100 feet (1,860 meters) in 10 holes. One drill hole (A-04-15)
confirmed that high-grade copper-nickel shoots do exist and are considerably better than previously
recorded in the historical drilling. Hole A-04-15 intersected from surface to 63.75 meters (drilled purposely
in a down-plunge direction to confirm continuity), a weighted average of 1.05% nickel and 2.18%
copper. Note that intersection of mineralization in hole A-04-15 does not represent the true width of the
zone and that, as the hole was purposely down-plunge, the true width of the mineralized zone is
materially narrower than the drill hole intersection.
Of significance, the bottom 9.8m section averaged 1.92% nickel, 0.17% copper and 0.132% cobalt.
What is intriguing, and represents the exploration potential of the EL1 deposit, is the depth extent of the
mineralization and whether these shoots lead to a massive sulphide zone at depth at better grades.
Further deeper drilling would support this model.
The Company is also investigating further into value and recovery of secondary metals such as PGM's,
Co., Au, and Ag.
Management of Crystal Lake Mining Corp stated: "We thank Emerald Lake Development Corp. and its
exploration team led by Mr. Frank Puskas; honors BSc geology / chemistry, MSc geology; his modelling
of the EL1 property, core logging, evaluation, and data interpretation in the stage 1 program was
instrumental. An independent review and interpretation of current exploration data on the EL1 Project
leads us to believe that the documented mafic intrusion exhibits the potential for significantly higher grade
copper-nickel-bearing mineralization at depth. Our work in this area appears to be justified and well-
focused. Our encouraging results indicate that we are on the right path and we feel that there exists
considerable potential for success".
Mr. Paul Pitman, P. Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved
the technical contents of this press release regarding the ELI project, NW Ontario.
About the Company
Crystal Lake is a mineral exploration company focused on creating value through the exploration and
development of its British Columbia and Ontario mineral properties. Crystal is presently completing the
analysis of a Stage 1 drilling program in and around Emo, Ontario and is preparing for the
commencement of Phase 2.
On behalf of The Board of Directors of Crystal Lake Mining.
Robert Michor, Director VP
This news release contains certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under the control of Crystal Lake Mining which may cause actual results,
performance or achievements of the Company to be materially different from the results, performance or
expectation implied 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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release, which has been prepared by management.
SOURCE Crystal Lake Mining Corporation
To view the original version on PR Newswire, visit:
http://www.newswire.ca/en/releases/archive/March2017/30/c3628.html
%SEDAR: 00029065E
For further information: RAMA Communications at 250-899 4889 or e-mail [email protected]
CO: Crystal Lake Mining Corporation
CNW 15:54e 30-MAR-17