Crystal Exploration Sample Results
WEB: WWW.CRYSTALEXPLORATION.COM
EMAIL: [email protected]
TELEPHONE: 604 260 6977
TSXV: CEI
NEWS RELEASE
CRYSTAL EXPLORATION SAMPLE RESULTS
Vancouver – Wednesday, February 22, 2017 – CRYSTAL EXPLORATION INC. (the
“Company” or “Crystal”) (TSXV: “CEI”) is pleased to report a series of results from Crystal’s
100% owned Muskox and Hood Project areas.
All the existing archived drill core has now been logged and sampled in a series of 7 composite
samples from the Muskox Kimberlite. The results are summarized below in Table 1. The samples
were processed using the Saskatchewan Research Councils (“SRC’s”) Dense Media Separation
(“DMS”) plant to recover commercial sized (approximately +0.85 mm), macro-diamonds.
The combined grade from the DMS processing for the magmatic kimberlite samples is 0.45 carats
per tonne (“cpt”) and the combined grade from the DMS processing for the pyroclastic kimberlite
samples is 0.19 cpt. The largest diamonds recovered include 0. 49 carats, 0.40 carats and 0.30
carats (see diamond pictures below) . Th e diamonds are described as off -white, transparent to
translucent with minor inclusions.
TABLE 1 – MUSKOX KIMBERLITE MACRODIAMOND RESULTS
*Reported March 29, 2016 (see www.crystalexploration.com)
Caustic fusion was completed on two rock samples collected from the Muskox Kimberlite. The
samples were mantle xenoliths and contained 7 diamonds and 45 diamonds respectively. The
results are shown in Table 2.
Caustic fusion was completed on two composite rock samples collected from the James River
Kimberlite Dyke at surface, located at the Hood Project confirming it is diamondiferous and
warrants further exploration. In total, 4 microdiamonds were recovered from sample 16DBP500.
The James River Dyke is only 15km from the diamondiferous Tenacity Kimberlite. A high priority
drill target developed by Crystal during 2016 exists along the structure that hosts the James River
Kimberlite Dyke. The results are shown in Table 2.
Sample Weight
(Kilograms)
Number of
Macrodiamonds
(+0.85mm)
Total Carats Carats per
tonne (“cpt“)
16DBP700 (magmatic) 15,909 144 6.4 0.40
*MOX-004 (magmatic) 2,200.40 14 0.669 0.30
*MOX-025 (magmatic) 2,158.80 17 0.675 0.31
*MOX-020 (magmatic) 2,083.50 47 2.376 1.14
TOTAL MAGMATIC
KIMBERLITE
22,351.7 222 10.12 0.45
MOX-011 (pyroclastic) 2,209 14 0.69 0.31
MOX-027 (pyroclastic) 2,027 6 0.20 0.1
16DBP701 (pyroclastic) 10,039.50 45 1.87 0.19
TOTAL
PYROCLASTIC
KIMBERLITE
14,275.50 65 2.76 0.19
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TSXV: CEI
TABLE 2 - CAUSTIC FUSION RESULTS
Sample Weight
(kg)
Sieve Size (mm)
+0.106 +0.150 +0.212 +0.600 TOTAL
DIAMONDS
17DBP001 (Muskox –
Eclogite Xenoliths)
1.6 6 0 1 0 7
17DBP002 (Muskox –
Peridotite Xenoliths)
3.3 35 8 1 1 45
16DBP500
(James River Dyke)
41.9 2 2 0 0 4
16KRP203
(James River Dyke)
9.4 0 0 0 0 0
MUSKOX DIAMONDS
Jim Greig, President and CEO of Crystal Exploration Inc., commented, “The samples are similar
to some of the historical results at the Muskox Kimberlite. T he material processed was archived
drill core from previous operators drill campaigns that enabled a cost-effective method to further
examine the large kimberlite pipe which measures nearly 4 hectares at surface and extends to over
300m depth. The size and grade potential at Muskox has yet to be fully understood and is
illustrated through various sampling programs that generated high to marginal grades throughout
the years. The recent results reflect a very small sample size and it is the diamond valuation of
good quality gemstones that needs further examination . Future exploration will be required to
understand the entire diamond opportunity within the Muskox Kimberlite Pipe. Crystal’s projects
that neighbor the Jericho Diamond Mine may represent an opportunity for near -term production
at an existing diamond mining facility.”
In addition, Mr. Anthony Jackson has been appointed Chief Financial Officer (“CFO”) of Crystal,
effective February 1, 2017. Mr. Jackson replaces Mr. Justin Bourassa, who has resigned as CFO
of the Company. Mr. Bourassa was an integral part of the Crystal team and the Company wishes
him well on all future endeavors.
Muskox Kimberlite
0.36 carat diamond
Muskox Kimberlite
0.4875 carat diamond
Muskox Kimberlite
0.4005 carat diamond
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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 has 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”, “believes”, “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 achi evements 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 important 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 t o be as anticipated, estimated 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 ris ks and
uncertainties, the results 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 defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.