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