Crystal Lake Mining Grants Stock Options June 30 th , 2020, Kelowna , British Columbia – Crystal Lake Mining Corporation (
Crystal Lake
Mining
Grants Stock Options
June
30
th
, 2020,
Kelowna
, British Columbia
–
Crystal Lake Mining
Corporation
(
TSXV: CLM OTC: SIOCF
FSE: SOG
-
FF)
(“
Crystal Lake
” or the “
Company
”)
announce
s that it has granted 1,000,000 stock
options, subject to regulatory approval, to employees, directors, and consultants of the Company,
pursuant to the terms of the Company’s Stock Option Plan, all of whom are part of the new additions
to the team. The opt
ions are exercisable at $0.165 per share, expire five years from the date of grant,
and 50% vesting immediately while 50% in twelve months from grant date of June 30
th
, 2020.
About
Enduro Metals
Enduro Metals
is one of the leading exploration companies fo
cused in the heart of British
Columbia’s prolific Golden Triangle. The company’s highly qualified geological team has assembled
a wealth of information generated by numerous companies each working small pieces of the
district
-
scale property that
Enduro Met
als
has assembled through staking and optioning. Building
on prior results, the company’s geological team made several significant discoveries during its
in
i
tial exploration program in 2019. A gold
-
rich copper porphyry outlined on the Burgundy Trend
has st
riking similarities to large
-
scale deposits in the region, including the Red
C
hris deposit for
which Newcrest last year paid US$807 million for a 70% interest. Chachi, a newly discovered area,
generated high
-
grade samples of gold, silver, lead, zinc, nicke
l, and cobalt over a 9km x 4km area
with associated geophysical responses. Diamond drilling in 2019 at the NW Zone demonstrated
that the historic gold resource remains open laterally and to depth.
Work in 2020 will seek to further extend the known
gold deposit and to investigate the large
-
scale
discovery potential of multiple targets and deposit types.
On Behalf of the Board of Directors,
CRYSTAL LAKE MINING
CORP .
“
Cole Evans
”
President/CEO
Email:
www.crystallakemining.com
For further information please contact:
Investor Relations
Sean Kingsley
–
Director of Communications
Tel: +1 (604) 440
-
8474
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
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, performa
nce 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
obli
gation 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 Exc
hange) accepts responsibility for the
adequacy or accuracy of this release.