VANCOUVER, Feb. 12, 2019 /CNW/ - Crystal Lake Mining Corporation (TSXV: CLM, the "Company" or "CrystalLake") 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.
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.
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