Crystal Lake reviews EL1 property, plans exploration

Oct 17, 2017

2017-10-17 10:48 ET – News Release

Mr. Richard Savage reports

GEOLOGICAL UPDATE

Crystal Lake Mining Corp. has completed a property review based on outcrop and drill core samples at the EL1 mining patent optioned by Crystal Lake Mining Corp. The technical review was undertaken by Dr. Peter C. Lightfoot of Lightfoot Geoscience Inc.

Drill core and surface samples from the EL1 property contain disseminated through semi-massive magmatic-textured pyrrhotite, pentlandite, and chalcopyrite mineralization hosted by gabbro. The semi-massive sulfide mineralization and mafic inclusions comprise a magmatic breccia within a broader unit of gabbro with disseminated sulfide. These geological relationships are commonly encountered in magmatic sulfide ore deposits and support the importance of effectively testing the rocks developed above the contact of the intrusion beneath the EL1 mineralization.

Mineralized gabbros have been encountered at depth below EL1, but exploration has not yet defined the lower contact of the intrusion, and has not tested the potential development of massive sulfide mineralization that often occurs in depressions and/or feeders at the lower contact of intrusions and in association with wider halos of disseminated sulfide mineralization.

Dr. Peter Lightfoot, technical advisor for ELDC, the geological contractor to Crystal Lake Mining is ramping-up a program of exploration to identify electrically conductive target zones that may correspond to high grade mineralization adjacent to and beneath the historic mineral resource. The concentration of nickel in the sulfide portion of samples derived from the near-surface historic resource (i.e. the Ni tenor of the sulfide) is between 3 and 4 wt% Ni in 100% sulfide, and this encourages a search for high grade massive nickel-rich sulfide at depth on the EL1 patent property.

The exploration strategy is designed to test this target, and will include a combination of diamond drilling coupled with borehole and surface electromagnetic methods designed to focus exploration in a search for mineralization with elevated Ni, Cu, Co and precious metal concentrations.

Magmatic breccias with Ni-Cu sulfide mineralization from EL1.This photograph shows part of a 1.2m interval from NQ drill hole A04-15 grading 2.29%Ni, 0.24% Cu, and 0.15%Co. The association of magmatic breccias with nickel sulfide mineralization is a recognised feature of many world-class magmatic sulfide ore deposit.

The technical information in this Press Release (the “Technical information”) has been approved by Dr. Peter C. Lightfoot, a Qualified Person under National Instrument 43-101 (“NI 43-101”). Certain Technical Information in this Press Release is based on technical information which has previously been disclosed by Crystal Lake in its public disclosure record. Readers should refer to Crystal Lake’s full public disclosure record at www.sedar.com.

About the Company

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

We seek Safe Harbor.

http://crystallakeminingcorp.com/news.html