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Crystal Lake Mining Corp.
Summary
| Project: | Newmont Lake | |
|---|---|---|
| Deposit: | Burgundy Ridge | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 3/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-3-2019: Crystal Lake Mining Corp. announces an Exploration/Drilling Update report for its Burgundy Ridge deposit at the Newmont Lake project. Drilling results incl. 58.5m @ 0.31% Cu, 0.27g/t Au, 1.41g/t Ag. VANCOUVER, March 7, 2019 /CNW/ - Crystal Lake | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Abdul Razique (Internal) | |
| ABSTRACT: | VANCOUVER, March 7, 2019 /CNW/ - Crystal Lake Mining Corporation (TSXV: CLM, the "Company" or "Crystal Lake"), is pleased to announce that results from first-ever drilling last fall at Burgundy Ridge confirm a new grassroots discovery in the footprint of approximately two dozen showings and mineral zones at the Company's 430 sq. km Newmont Lake Project northwest of Eskay Creek. Widespread surface mineralization at Burgundy Ridge extends to depth, including 2.6% copper between 118 meters and 119.5 meters in the fourth and final shallow hole, in a multi-element copper-rich porphyry-skarn system. Burgundy Ridge is now believed to be part of a >3 km-long northeast trending mineral corridor situated west of a series of under-explored high-grade gold occurrences and targets, along with the historic Northwest gold zone. Importantly, all of these mineral zones and associated host rocks are within a graben structure bounded by the 20-km-long McLymont Fault. This makes the Newmont Lake Project a highly favorable geological environment for new discoveries. Reverse circulation (RC) first-pass drilling of four shallow holes totaling 550 meters was completed from one set-up at the top of Burgundy Ridge as restrictive winter conditions set in at an elevation of approximately 1,900 meters. | |
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