VANCOUVER, Jan. 17, 2020 /CNW/ - Crystal Lake Mining
Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF)
("Crystal Lake" or the "Company") is pleased to announce the
results from Channel Sample BRCH19-01, the first ever continuous
channel/trench sample at Burgundy Ridge on the Newmont Lake Project
in the Golden Triangle of British
Columbia. This channel sample targeted a new discovery area
made late in the 2019 season called the "Green Rock Zone" as a
result of rapidly receding snow/ice in the region.
Channel/trench Sample BRCH19-01 cut a hydrothermal breccia
exposed on surface assaying 22.00 metres of 2.00% Cu, 2.27 g/t
Au, 34.26 g/t Ag, and 4.69% Zn. This hydrothermal breccia
contained a high-grade centre assaying 10.00 metres of 3.29% Cu,
8.59% Zn, 3.75 g/t Au, and 63.40 g/t Ag on surface.
The channel/trench sample is a ~340-metre step-out from
the first diamond drill hole results released at Burgundy Ridge
including BRDDH19-002's 91.26 metres of 0.38% Cu, 0.30 g/t Au, 4.12
g/t Ag, starting at 36.7 metres depth. Mineralization and
alteration styles outline a large copper/gold-rich alkalic porphyry
system with related high-grade hydrothermal breccia and skarn
mineralization seen along the entire 2.3km Burgundy Trend.
Channel/trench Sample BRCH19-01 Highlights
- 2.00% Cu, 4.69% Zn, 2.27 g/t Au, and 34.36 g/t Ag
over 22.00 metres at surface.
-
- Including 3.29% Cu, 8.59% Zn, 3.75 g/t Au, and 63.40 g/t
Ag over 10.00 metres at surface.
- 1.31% Cu, 2.97% Zn, 1.49 g/t Au, and 23.26 g/t Ag on surface
over 37.00 metres on surface.
- Approximate 340 metre step-out from initial diamond
drill hole results.
Due to time and weather constraints, one diamond drill hole
(BRDDH19-016) was roughly targeted towards the Green Rock Zone as
the last drill hole at Burgundy Ridge in 2019. This hole was
drilled from Pad C-1; a drill pad designed to target the Discovery
Zone approximately 200 metres to the north of Green Rock. Diamond
Drill Hold BRDDH19-016 was continued as the deepest hole of
Burgundy Ridge's first-ever diamond drill campaign. Assays are
pending.
Cole Evans, CEO of Crystal
Lake Mining commented; "Not only has the Green Rock Zone
quickly developed into a critical target area for its obvious
high-grade mineralization over significant intervals, it now
represents hard evidence for 4 important metal types at high grades
in a new zone. These assays, along with the alteration and
mineralization styles from this channel sample are very significant
as they complement results from other surface samples and diamond
drilling to outline a large copper/gold-rich alkalic porphyry
system with related high-grade hydrothermal breccia and skarn
mineralization seen along the entire 2.3km Burgundy Trend. The
rocks, alteration, and mineralization we have are typical of
alkalic porphyry systems that are associated with large gold-silver
deposits in this region.
We are very happy with the results to date and anticipate
more positive results from the rest of our 2019 maiden diamond
drill program to be available for release in the near future. Our
team is working diligently in interpreting the multi-element and
multi-mineralization events along the entire Ridge Zone trend, and what this means for the
grade and size of our growing system."
The Company is currently receiving, interpreting, and performing
QAQC procedures on data from the 2019 Newmont Lake exploration
program and will be releasing data as it is ready. Due to the scale
of the 2019 Exploration Program, the team is compiling a lot of
data to implement into the projects technical database.
Geological Discussion
Channel Sample BRCH19-01's final 7.00 metres cut 0.46% Cu, 0.53
g/t Au, 10.33 g/t Ag, and 0.32% Zn on surface of strong to intense
potassic altered rock mineralized with a chalcopyrite stockwork
(see Figure 2). The protolith is unknown at this time due to
intensity of alteration. The alteration and mineralization styles
are indicative of a copper/gold-rich alkalic porphyry systems which
may be the ultimate source of mineralization seen along the entire
2.3km Burgundy Trend.
Specific clasts within Green Rock's heterolithic hydrothermal
breccia are potassic-altered, trachytic syenites with chalcopyrite
stockwork. These clasts are highly significant as they are
synonymous with the mineralization observed in the final 7.00
metres of BRCH19-01. This relationship is early evidence for a
minimum of 2 mineralization events and styles at Burgundy Ridge
(see Figure 1).
Earlier in the season the Company intersected the first-ever
copper/gold-rich porphyry hypogene mineralization at the 72' Zone
based on a blind target using hyperspectral technology which
measured transitional zones of magnesium and potassium in white
micas. Further lithogeochemical and geochronological analyses are
underway to fingerprint the intrusion and test whether they are of
the same source.
Channel Sampling Procedures
BRCH19-01 represents a 37.00 metre continuous channel/trench
sample taken on surface in the Green Rock Zone. The following
represents a list of important steps taken to ensure the quality
and reliability of results from the channel:
- The channel sample is perpendicular to the limestone contact as
to not over-exaggerate width (true width is unknown).
- Surface oxides/hydroxides were avoided as to not
over-exaggerate the metal grade of mineralization that was cut, and
results are considered to be representative of massive to
semi-massive sulphide mineralization, or stockwork sulphide
mineralization (see Figure 1 and 2).
- Systematic 1.00 metre whole samples were taken to eliminate
sampling bias and ensure reliable assay data.
BRCH19-01 ended in chalcopyrite stockwork mineralization due to
snow/time restrictions during the discovery. The on-surface extent
remains open in all directions and was visually observed continuing
under the snow. The approximate depth of snow at the immediate edge
does not represent a significant challenge for exploration in 2020.
Figure 2 is a representative sample of the mineralization in the
last metre of BRCH19-01 where winter conditions cut channeling
short.
QAQC/ Analytical Procedures
Rock samples from the Newmont Lake Project were sent to
MSALABS' preparation facility in Terrace,
B.C., where samples were prepared using method PRP-910.
Samples were dried, crushed to 2mm, split 250g and pulverized to
85% passing 75 microns. Prepped samples were sent to MSALABS'
analytical facility in Langley,
B.C, where 50g pulps were analyzed for gold using
method FAS-121 (fire assay-AAS finish). Gold assays
greater than 100 g/t Au were automatically analyzed using FAS-425
(fire assay with a gravimetric finish). Rock samples were
analyzed for 53 elements using method IMS-230, multi-element ICP-MS
4-acid digestion, ultra-trace level. Silver assay results greater
than 100 g/t Ag and cobalt, copper, nickel, lead and zinc greater
than 10,000ppm were automatically analyzed by ore grade method
ICF-6.
Crystal Lake Mining conducts its own QA/QC program
where three standard reference material
pulps, two blank reference material samples are inserted
for every 100 samples when analyzing rock samples.
Soil samples from the Newmont Lake Project were sent to
MSA LABS' preparation facility in
Terrace, B.C., where samples were
prepared using method PRP-757. Soil samples were dried and screened
to 80 mesh, discard plus fraction. Prepped samples were sent to
MSA LABS' analytical facility in
Langley, B.C, where they were
analyzed for 51 elements using IMS-131 for samples with 20g or
greater and IMS-130 for samples between 0.5g and 20g.
Crystal Lake Mining conducts its own QA/QC program
where three standard reference material
pulps, two blank reference material pulps are inserted
for every 100 samples when analyzing soil samples.
Qualified Person
The technical information in this
news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., President for Crystal
Lake Mining, a Qualified Person responsible for the scientific and
technical information contained herein 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,
CRYSTAL LAKE MINING
CORP.
"Cole Evans"
Chief Executive Officer
Email: info@crystallakemining.com
www.crystallakemining.com
Forward-Looking Statement
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