Crystal Lake to acquire property No. 6 in Ontario

Feb 7, 2017

CRYSTAL LAKE ANNOUNCES ACQUISITION OF PROPERTY 6

Pursuant to a right of first refusal, Crystal Lake Mining Corp. has entered into a purchase agreement dated Jan. 20, 2017, with Emerald Lake Development Corp. (ELD). The purchase agreement will allow the company to buy a 100-per-cent interest in the mineral rights hosted by the property known as property No. 6 near Emo, Ont.

The prospective property is in the Kingsford township (claim No. K4273688) and comprises 12 units (192 hectares). The claims are located 0.8 kilometre east of the recently optioned Mather claims and approximately two kilometres north of the east-west-trending Quetico fault, which is approximately 11 kilometres east of Nugold.

In order to complete the purchase, the company will issue two million common shares to ELD. A royalty consisting of 3 per cent of net smelter returns shall be payable to ELD upon the commencement of commercial production.

The acquisition remains subject to TSX Venture Exchange approval.

About Crystal Lake Mining Corp.

Crystal Lake Mining is a mineral exploration company focused on creating value through the exploration and development of its British Columbia properties and its growing portfolio of Ontario mineral properties.

http://crystallakeminingcorp.com/news.html