Crystal Lake Drills Six Holes at Newmont Lake Project Symbol: TSX-V: CLM
Crystal Lake Drills Six Holes at Newmont Lake
Project
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
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CO: Crystal Lake Mining Corporation
CNW 13:20e 02-NOV-18