Crystal Lake Mining Mobilizes For Drilling And Geophysics At Nicobat Project March 14, 2018
Vancouver, B.C. – Crystal Lake Mining Corporation (the “Company” or “Crystal Lake Mining”) is pleased to provide an update on its 100%-owned “Nicobat Project” where the Company is developing a pipeline of highly prospective nickel sulfide targets. Recently expanded to cover 50 sq. kilometers in northwest Ontario’s Rainy River district, Nicobat features excellent infrastructure (road, rail and power access) and an historic nickel-copper-cobalt sulfide mineral zone (“Nico1”) defined by drilling more than four decades ago.
Crews are mobilizing to commence drilling within the next seven days at Nico1 on the western contact of the Dobie Intrusion (below and north of the historic zone);
Lamontagne Geophysics Ltd. has been contracted to carry out surface and then borehole EM surveys upon completion of diamond drill holes at Nico1;
A deep penetrating EM survey will be flown by CGG Canada Services Ltd. over Crystal Lake’s claims including the Nico1 and Nico2 properties. The objective of the survey is to detect an electrically conductive signature of sulfide mineralization associated with mafic intrusive bodies and strong magnetic anomalies that may represent mafic-ultramafic intrusions under cover.
Crystal Lake Mining has assembled a proven geological and geophysical team to unlock the full potential of its Nicobat Project which is being targeted for high-grade nickel, copper, cobalt and precious metal mineralization.
The Rainy River district is situated between major trans-lithospheric faults, and the mafic-ultramafic intrusions in this region are prospective for magmatic sulfide mineralization.
The Nicobat Project is near Emo, Ontario, approximately 35 km east of the Rainy River gold mine.
The technical information in this news release has been reviewed and approved by Dr. Peter C. Lightfoot, P.Geo., and Dr. Elisabeth Ronacher, who are both Qualified Persons responsible for the scientific and technical information in this news release under National Instrument 43-101 standards. Certain technical information in this news release has previously been disclosed by Crystal Lake Mining in its public disclosure record. Readers should refer to Crystal Lake Mining’s full public disclosure record at www.sedar.com.
About Crystal Lake Mining
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulfide deposits using technical excellence in exploration target development.
On behalf of The Board of Directors of Crystal Lake Mining Corporation,
Alphonse Ruggiero, Director/CFO
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.
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