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Crystal Exploration Inc.
Summary
| Project: | Muskox and Hood River | |
|---|---|---|
| Deposit: | Muskox and Hood River | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2017: Crystal Exploration Inc. announces an Exploration/Drilling Update report for its Muskox and Hood River deposit at the Muskox and Hood River project. Sampling of archived historic drill core - sample grade of 0.19cpt recovered. CRYSTAL EXPLORATI | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dean J. Besserer (Internal) | |
| ABSTRACT: | 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). The diamonds are described as off-white, transparent to translucent with minor inclusions. Jim Greig, President and CEO of Crystal Exploration Inc., commented, “The samples are similar to some of the historical results at the Muskox Kimberlite. The 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.” | |
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