Crystal Lake Mining is focused on creating shareholder wealth through exceptional opportunities including mineral exploration with district scale discovery potential in Northwest British Columbia and Northwest Ontario.
Through leadership and results on the ground and in the market, Crystal Lake intends to become a major player in the prolific Golden Triangle where the company is now strategically positioned with one of the largest and most prospective land packages in the heart of the Eskay Rift (Newmont Lake Project, 436 sq. km).
Crystal Lake is eagerly anticipating results from a 6-hole drill program completed in October at Burgundy Ridge and the Newmont Lake gold system which will help launch an exciting and much more expansive exploration program in 2019.
Crystal Lake’s team, led by CEO Richard Savage and Technical Adviser Dr. Peter Lightfoot, combines business and market savvy with exploration excellence.
New exploration techniques and a much greater understanding of nickel sulphide deposits have combined to provide Crystal Lake investors with tremendous potential leverage as geologists and geophysicists revisit historic zones and adjacent areas at the Nicobat Project in Northwest Ontario.
Global demand is strong for high quality nickel sulfide concentrates. The growth of the electric vehicle industry means that this demand will continue into the future.
Paradoxically, as demand has increased, the global inventory of nickel sulfide ore deposits has dwindled. Most ore bodies are either exhausted or too deep to be mined economically. Exploration and capital investment in new mines has lagged due to a prolonged period of low prices. As a result of this combination of factors, there is a need to discover and develop new deposits of nickel and other precious metals.
Situated in Carpenter Township, in Northwestern Ontario, the Nicobat Project is well positioned to meet this demand and fill the gap in sulfide smelter supply.
The Nicobat Project is situated approximately 35 kilometers northwest of Fort Frances, 160 kilometres south of Kenora and 420 kilometres west of Thunder Bay. Logistical conditions are good with easy access to road, rail, power and water.
The Fort Frances area has a population of approximately 10,000 people and is able to provide a workforce for future project developments.