Crystal Exploration - New Target Drilling Program
WEB: WWW.CRYSTALEXPLORATION.COM
EMAIL: [email protected]
TELEPHONE: 604 260 6977
TSXV: CEI
NEWS RELEASE
CRYSTAL EXPLORATION - NEW TARGET DRILLING PROGRAM
Vancouver – Wednesday, March 1, 2017 – CRYSTAL EXPLORATION INC. (the
“Company” or “Crystal”) (TSX V: “ CEI”) is pleased to report exploration plans for Crystal’s
100% owned diamond bearing Muskox, Contwoyto and Hood Project s located in Nunavut,
Canada.
A three -phase exploration plan is in progress that includes drilling of 6 ‘bulls eye’ ground
magnetic targets and completing geophysics over 12 high priority lake and/or Electromagnetic
based targets to generate additional new high priority targets. Diamond drilling and exploration
work permits are granted across all Crystal project areas.
During 2016, 146 till samples were processed of which 117 samples contain possible ‘picked’
kimberlite indicator minerals (KIM’s) across Crystal’s project areas. The samples cumulatively
contain 7,386 possible KIM’s that await microprobe analysis.
Crystals projects and newly developed targets are located in the northcentral portion of the Slave
craton of the northwestern Canadian shield which hosts world class diamond mines and deposits,
yet remains vastly under-explored. Testament to this is Canada’s and/or the Slave Cratons
newest producer , the Gahcho Kue Diamond Mine which recently reported a 67.87 carat
gemstone from production.
New Target Drilling Program
Crystal’s 2017 drill program will focus on discovering new kimberlite(s) (see Figure 1). The
anomalies include 5 magnetic high and 1 magnetic low and range from 125 to 225 meters in size
(see example in Figure 2).
The targets are primarily based on high resolution ground magnetic s and elevated KIM’s from
pick results. The geophysics show similar geophysical signatures (magnetic highs and lows) that
enabled the discovery of other diamond bearing kimberlite pipes includin g the Contwoyto 1,
Muskox, Jericho, Jericho South, Rush, Unicorn, Voyageur and Peregrine kimberlites.
Exploration Program
The 2017 work program consists of three phases of exploration.
Phase 1 – Spring program will involve a ground geophysics program to isolate additional
high priority targets for drilling. The program may involve additional work over
potential new acquisition properties.
Phase 2 – Summer program focused on drill ready priority targets. Additional targets
may be added pending the results of the Phase 1 program. The program will include till
sampling and ground geophysics.
Phase 3 – Fall drill program focused on expansion from the summer program.
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TSXV: CEI
125m
100m
m
2016 Ground Grid
Total Magnetic Intensity
2005 Resolve
Conductivity Anomaly
Figure 1: New Target Locations
Figure 1 illustrates target locations and proximity of other diamond mines in the region.
Figure 2: Muskox Geophysical Anomaly
Figure 2 represents 1 of 3 Muskox Project targets that illustrates a compelling example high priority targets
developed from KIMs, diamond indicator pick results, magnetic anomalies and conductivity anomalies.
Dean Besserer, P.Geol ., and Technical Advisor of Crystal Exploration Inc., commented “The
presence of diamond bearing kimberlites in this region and the quality of our targets are
compelling reasons to drill Crystal’s targets that were develope d from the 2016 exploration
program and tens of millions of dollars in historical data from the likes of De Beers Canada,
Ashton Mining and Tahera Diamonds during the 1990’s and 2000’s.”
Ekati Diamond Mine
Diavik Diamond Mine
Gahcho Kue
Diamond Mine
Lupin Gold Mine
Jericho Diamond Mine
Hood Property
1 x Target
Muskox Property
3 x Targets
Contwoyto Property
2 x Targets
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TSXV: CEI
About Crystal Exploration Inc.
Crystal is a Canadian diamond exploration company with Common shares listed for trading
on the TSX Venture Exchange. Crystal is backed by proven and seasoned resource sector
professionals who have a track record of advancing exploration projects from grassroots through
to production scenarios. The technical content of this news release have been reviewed and
approved by Dean Besserer, P.Geol. , the Technical Advisor of the Company and a Qualified
Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Jim Greig”
Jim Greig,
President and Chief Executive Officer
Cautionary Statement on Forward-Looking Statements
This press release contains “forward -looking information”, as such term is defined in applicable Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward -looking
terminology such as “expects”, “believe s”, “anticipates”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “plans” and variations of such words and phrases, or by statements that certain actions, events or
results “may”, “will”, “could”, “would” or “might”, “be taken”, “occur” or “be achieved”. Forward -
looking information is based on a number of assumptions and estimates that, while considered reasonable by
management based on the business and markets in which Crystal operates, are inherently subject to significant
operational, economic and competitive uncertainties and contingencies. Crystal cautions that forward-looking
information involves known and unknown risks, uncertainties and other factors that may cause Crystal’s
actual results, performance or achievements to be materially different from those expressed or implied by such
information, including, but not limited to, factors discussed in each management discussion and analysis of the
Company, available on SEDAR at www.sedar.com.
Although Crystal has attempted to identify impor tant factors that could cause actual results, performance or
achievements to differ materially from those contained in forward -looking information, there can be other
factors that cause results, performance or achievements not to be as anticipated, estimat ed or intended. There
can be no assurance that such information will prove to be accurate or that management’s expectations or
estimates of future developments, circumstances or results will materialize. As a result of these risks and
uncertainties, the re sults or events predicted in these forward looking statements may differ materially from
actual results or events. Accordingly, readers should not place undue reliance on forward -looking
information. The forward-looking information in this press release is made as of the date of this press release,
and Crystal disclaims any intention or obligation to update or revise such information, except as required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is d efined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.