Crown Mining Stakes New Claims Near Historic Engels MINE
CROWN MINING STAKES NEW CLAIMS NEAR HISTORIC ENGELS MINE
TORONTO, CANADA, February 6, 2019 – Crown Mining Corp., (“ Crown” or the “Company”) (TSX
Venture: CWM) is pleased to announce it has staked an additional 35 new federal mining claims adjacent
to the Engels Mine in the Light's Creek Copper District, in Plumas County, northern California. These
claims were staked to cover potential extensions to the high-grade ore that was mined as an underground
operation in the early 1900’s (see Figure 1).
Crown's decision to expand its teneme nt position was prompted by reviews of historical data indicating
that the copper (silver) grades at Engels are open in all directions. The newly staked claims lock up the
interpreted extensions or potential repetitions of copper-silver mineralized zones at Engels.
The Company’s landholdings now total 12 square mil es of contiguous patented and unpatented mining
claims that cover the Moonlight, Superior and Enge ls deposits – which have inferred and/or indicated
resources - as well as several partially tested and untested exploration targets.
Commenting on the importance of this deve lopment Crown CEO Stephen Dunn, said: “Historical reports
on the underground mining activities at Engels indi cate early miners focused on the highest-grade
sections of the ore body, ignoring material that graded below 1.5% copper. Reports, maps, drill logs, and
historic resource calculations recently reviewed by our team show copper (silver) mineralization at
Engels extends well beyond the historic undergroun d mine workings and the Company’s previous land
holdings opening the potential for an open-pit type de posit that could add sign ificantly to the economics
of the Moonlight Deposit (PEA details below). Securi ng these additional claims is an important milestone
for the Company and is part of our ongoing strategy to create value at Light's Creek Copper District. We
will continue to advance that strategy, and once the f unding is in place, initiate exploration development
programs to fully define the potential of this exciting copper district".
About Crown Mining Corp.
Crown controls approximately 12 square miles of pa tented and unpatented federal mining claims in the
Light’s Creek Copper District in Plumas County, NE California; essentially, the entire District. The
District contains substantial copper (silver) sulf ide and copper oxide resources in three deposits –
Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.
The Superior and Engels Mines operated from about 1915-1930 producing ov er 161 million pounds of
copper from over 4 million tons of rock containing 2.2% copper with silver and gold credits.
The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960’s. A Preliminary
Economic Assessment Study ("PEA"), prepared by Tetra Tech Inc., had the following highlights:
After-tax NPV of US$179M at an 8% discount rate and a $3.15 copper price.
After tax IRR of 14.6%
Initial Capital Cost: US$513M, including a contingency provision in the amount of US$71M
Plant Processing Rate: 60,000 tons per day (STPD)
Average Copper Recovery: 86.0%
Mine Life: 17 years, based on the existing Mineral Resource estimate
Life of mine copper production of 1.5 billion pounds
Please note the PEA is preliminary in nature and in cludes inferred mineral resources that are considered
too speculative geologically to have the economic consid erations applied to them that would enable them
to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic
assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated
economic viability. Readers are encouraged to read the technical report.
Further details of the PEA and the resources on Crown’ s property and the parameters used to calculate
them can be found in the "Technical Report and Pr eliminary Economic Assessment for the Moonlight
Deposit, Moonlight-Superior Copper Project, Califor nia, USA" dated April 12, 2018 on both the
company’s website at www.crownminingcorp.com or on www.sedar.com under the Crown Mining Corp
profile.
Mr. George Cole is the Qualified Person pursuant to NI 43-101 responsible for the technical information
contained in this news release, and he has reviewed and approved this news release.
For more information please see the Crown website at www.crownminingcorp.com.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, Cr own Mining Corporation (416) 361-2827 or email
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This press release contains forward-looking statements within the meaning of applicable Canadian and U.S.
securities laws and regulations, including statements regarding the future activities of the Company. Forward-
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reliance upon forward-looking statements.
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