Crystal Lake Mining Provides an Update on Designed Exploration for High-Grade Gold within the Newmont Lake Gold Corridor, NW BC, Golden Triangle, Eskay Camp
Crystal Lake Mining Provides an Update on Designed Exploration
for High-Grade Gold within the Newmont Lake Gold Corridor, NW
BC, Golden Triangle, Eskay Camp
September 10, 2019, Vancouver, British Columbia - Crystal Lake Mining Corporation
(TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company”) is pleased to
provide an update on exploration designed to test the Newmont Lake corridor for high grade gold
mineralization on the Company’s roughly 700 km 2 Newmont Lake Project in the heart of BC’s
Golden Triangle. The Newmont Lake corridor contains the historic Newmont Lake gold mineral
resource, which sits at the western flank of the strongly endowed Eskay Rift. Geological work has
established potential for the known deposit to be open along strike. A thorough review of historic
drill core, assaying of previously untested drill co re, and construction of a 3D model underpins a
new understanding of the deposit and has provided a number of targets along strike from the
historic resource where potential extensions or new mineral zones may exist.
High-Grade Gold Targets in the Newmont Lake Gold Corridor
Assay results from an extensive program of su rface mapping and geochemistry of rock chip
samples and previously unsampled core have sh own that high grade gold mineralization follows
the trend of the McLymont Fault Zone (please see the Company’s News Release dated September
4th, 2019) over a strike length of >8kms centered along the trend of the Newmont Lake resource.
Multiple boulders containing high grade gold mine ralization with up to 84.4 g/tonne gold have
been traced back to a new target in the Arseno Zone. The boulders are selected samples that are not
in situ, the source of these samples is not known and is not necessarily indicative of mineralization
hosted on the property. Similar mineralization in outcrop has been traced back to a possible source
which is interpreted to be covered by ice. This ta rget is a step-out along trend from the historic
Newmont Lake deposit, and drilling is bei ng guided by a combina tion of outcropping
mineralization, alteration, and chargeability response in the IP survey.
Plan View of the Newmont Lake Gold Corridor between NW Zone and Arseno showing locations of IP lines, and
the location of the historic NW Zone resource. Historic and 2019 assays are collected from multiple historic boulder
samples inferred to be locally sourced. The boulders are selected samples that are not in situ, the source of these
samples is not known and is not necessarily indicative of mineralization hosted on the property.
The first 3 drill holes at the NW Zone tested the northern portion in the footprint of the 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 Es timate on the No rth 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. The objective of the initial drilling is to better understand the geological controls on
mineralization and evalua te whether historic sa mpling adequately reflec ts the grade. Drilling
beyond the northern and southern trend of the histor ic resource is designed to identify extensions
of mineralization based on the ne wly developed geological model. The drill targets have been
constrained based on the geological data togeth er with the trend of mineralization and the
chargeability response from the 2019 IP survey.
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 ba sed on reasonable assumptions,
they were calculated prior to the implementati on 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.
Stacked IP inversions of reinverted historic IP data from the NW Zone (IP Lines 5100N and 4900N) and 2019 IP
lines from the Arseno Zone (IP line 2600N). IP section locations depicted on inset map.
Crystal Lake Expands the Newmont Lake Project
Crystal Lake has staked an additional 5,423 hectares of claims contiguous with the Newmont Lake
and Foremore Claims Properties. The total land package now comprises a total 728km2 (72,800
hectares), which makes Crystal Lake the holder of one of the largest and most prospective projects
within the Eskay Camp.
Maurizio Napoli P . Geo., VP Exploration of Crysta l Lake commented “Our 2019 exploration
program has indicated that the McLymont Fault r unning through the centre of our Project is an
important control of the high-grade gold mineralization in the historic resource of 200,000 ounces
completed in 2006. Our sa mpling campaign of historic drill core that had not been previously
assayed has demonstrated that there are unsampl ed gold bearing intervals within the resource
volume implying that a significant amount of gold, silver and copper values may be under-reported
within the area of the historic resource. The objective of our current drilling campaign is to expand
the current resource and, to discover new high-grade gold zones along the McLymont Fault.”
Crystal Lake’s land package in the Eskay Camp including the newly conjoined Newmont Lake and Foremore
properties.
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
Rock samples from the Northwes t Gold Zone were sent to MS A Labs’ 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 MSA
Labs’ analytical facility in Langley, B.C, where they were an alyzed 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-aci d digestion, ultra-trace level. Silver assay
results greater than 100 g/t Ag and cobalt, copp er, 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 progr am where three standard reference material
pulps, two blank reference material samples are inserted for every 100 samples when analyzing
rock samples.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based ju nior exploration company focused on building
shareholder value through high-g rade discovery opportunities in British Columbia and Ontario.
The Company has an option to ear n a 100% interest in the Newmon t 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: [email protected]
www.crystallakemining.com
For further information please contact:
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