"Heat Engine" May Link Growing Pipeline of Targets At Crystal Lake's Newmont Lake Project VANCOUVER ,
"Heat Engine" May Link Growing Pipeline of
Targets At Crystal Lake's Newmont Lake
Project
VANCOUVER
,
Feb. 12, 2019
/CNW/ -
Crystal Lake Mining Corporation
(
TSXV: CLM
, the
"
Company
" or "
Crystal
Lake
") is pleased to provide an update on the latest understanding of the
mineral system model for the variety of occurrences and exploration targets within the 430 sq. km
Newmont Lake Project along the western flank of the Eskay Rift – one of the largest land packages
in this prolific district.
Ongoing reinterpretation by
Crystal Lake's
technical team of historical and recent released data
indicate the potential for a linkage between the historic Northwest gold zone, the Ken-Glacier-
O'Neill mineral zone (KGO) approximately 3 km to the north, and other adjacent occurrences
along this trend. These exploration targets show potential to host high-grade systems and may
be genetically linked to a cluster of granitoid intrusions that comprise part of a "Heat Engine"
along the Newmont Lake Graben structure in the heart of the property;
Within this geological framework,
Crystal Lake
has a focus on the discovery of mineral deposit
types including but not limited to high-grade gold, copper-gold porphyry, skarn and volcanogenic
massive sulphide types;
A total of 22 separate mineral occurrences have been outlined historically across the project
area. Rapidly receding snowfields, advances in technology, and a much greater understanding
of the regional geology leads the
Crystal Lake
team to believe that the Newmont Lake Project
will emerge as a "jewel" of the Golden Triangle in 2019;
Crystal Lake
looks forward to providing a series of updates including more results from last
fall's programs, notably from the Company's first drilling at Burgundy Ridge and the Northwest
zone, as the month progresses.
Dr.
Peter Lightfoot
, Technical Advisor for
Crystal Lake
who was part of the team responsible for the
discovery of the Golden Triangle's first nickel-copper-rich massive sulphide system less than 15 km
from the southern border of the Newmont Lake Project, commented: "There are vast tracts of
unexplored and under-explored ground within the Newmont Lake Project to feed an already large
pipeline of quality targets rarely seen on one property. Our mission is to focus on the targets we
interpret to have the highest immediate potential. This has me and our discovery team extremely
excited for 2019."
Crystal Lake
has an option to earn a 100% interest in the Newmont Lake Project from Romios Gold
Resources (TSXV: RG) - refer to
September 24, 2018
, and
December 3, 2018
, news releases.
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 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 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 16:15e 12-FEB-19