Visit this section of the web site for regular updates on Crystal Lake Mining’s exciting Newmont Lake Project which is being aggressively explored for new high-grade gold and copper-gold porphyry discoveries in the heart of one of the world’s most richly endowed mineral districts.
The 436 sq. km Newmont Lake Project, one of the largest land packages in the district, features approximately two dozen known mineral zones and showings with many new targets expected to be identified due to unprecedented glacial retreat in recent years. The geological possibilities are
Crystal Lake is armed with a substantial treasury ($4.6 million financing completed April 1) and a highly qualified team of Eskay region exploration specialists who are determined to make the next Big Discovery in this prolific area.
Property Ownership Map
Crystal Lake instantly became a major new player in the prolific Eskay region in late September, 2018, when the company announced a game-changing deal with Romios Gold to acquire a 100% interest in the 436 sq. km Newmont Lake Project (refer to Sept. 24, 2018, news release).
Dr. Lightfoot On The Newmont Lake Project
Dr. Peter C. Lightfoot, Technical Adviser for Crystal Lake who was part of the team responsible for the discovery of the Golden Triangle's first nickel-copper-rich massive sulphide system less than 15 kilometres from the southern border of the Newmont Lake Project, commented: "There are vast tracts of unexplored and underexplored ground within the Newmont Lake Project to feed an already large pipeline of quality targets rarely seen on one property. Our mission is to focus on the targets we interpret to have the highest immediate potential. This has me and our discovery team extremely excited for 2019."
CLM Moves Quickly at Burgundy Ridge
Dramatically, just days after completing the deal last September with Romios, Crystal Lake quickly launched a first-ever drill program at Burgundy Ridge as winter conditions approached in mid-October. All four first-pass and shallow reverse circulation (RC) drill holes intersected significant intervals of copper-rich porphyry/skarn mineralization, confirming a new grassroots discovery that will be aggressively drilled in 2019 (refer to March 7, 2019, news release).
Burgundy Ridge Discovery Highlights
Final hole of program (BRRC18-004) cut 58 metres of 0.31% copper and 0.27 g/t gold, starting from surface, followed by a 1.5-metre interval grading 2.6% Cu from 118 meters to 119.5 meters;
Each hole intersected copper-rich mineralization, with gold and silver, associated with intense and widespread skarn-style alteration of the multiphase intrusions and immediate host rocks;
Evidence suggests that mineralization strengthens with depth;
Drilling confirmed a previously unmapped and well-endowed intermediate intrusive phase consisting of pervasive chalcopyrite blebs and fine-grained disseminated bornite mineralization featuring five different metals - copper, gold, silver, cobalt and zinc.
Newmont Lake Gold System
The Newmont Lake gold system remains open in all directions. Most of the drilling was carried out three decades ago to limited depths (mostly less than 200 meters) while much of the drill core was not even sampled.
Historic intercepts include:
55 g/t Au, 40 g/t Ag and 0.97% Cu over 11 m (1987)
21 g/t Au and 1.4% Cu over 8.4 m (1989)
26.4 g/t Au and 21.3 g/t Ag over 14 m incl. 753 g/t Au and 462 g/t Ag over 0.44 m (2008)
While expansion of this gold-silver-copper deposit with historic (non-compliant) Inferred resources is a priority for the Crystal Lake team, the Newmont Lake Project features multiple mineral occurrences over a broad area.
Continuing reinterpretation by Crystal Lake's technical team of historical and recent released data indicate the potential for a linkage between the Northwest gold zone, the Ken-Glacier-O'Neill mineral zone (KGO) approximately three kilometres to the north and other adjacent occurrences along this trend. These exploration targets show potential to host high-grade systems and may be genetically linked to a cluster of granitoid intrusions that comprise part of a heat engine along the Newmont Lake graben structure in the heart of the property.
Within this geological framework, Crystal Lake has a focus on the discovery of mineral deposit types, including, but not limited to, high-grade gold, copper-gold porphyry, skarn and volcanogenic massive sulphide types.
Sampling highlights from the KGO zone (photo of the Ken area below) last summer included high-grade gold, copper and silver as Romios reported September 10, 2018: “Two copper-rich carbonate veins cutting the skarn horizons returned spectacular grades of 10.4% Cu to 11.5% Cu,
30.3 to 32.5 g/t Au, less than 1 to 135 g/t Ag, and 372 to 6735 ppm Co across widths of 0.5 metre to 1 metre. The exposed lengths of these veins is likely less than 5 metres; however, they may be part of a larger system of widespread, late iron carbonate veins.”
Location, Location, Location!
Quite simply, the Newmont Lake Project is perfectly situated in one of the most mineralized parts of the planet and in area of British Columbia that was made for exploration and mining! From the rich Eskay Creek and Snip mines, to the massive Seabridge KSM Project to Pretium’s Brucejack mine that went into commercial production last year, this incredible district has demonstrated that it’s truly the Heart of the Golden Triangle.
Crystal Lake’s target-rich under-explored environment unquestionably features multi-commodity potential. Utilizing superior techniques and the latest technology, Crystal Lake is poised to unlock the full value of the Newmont Lake Project and assume a regional leadership role among juniors.
Infrastructure improvements (roads, power) in recent years have proven to be extremely significant while major new players have entered the district in 2018 - Newmont Mining (immediately northwest of Crystal Lake at Galore Creek) and Hochschild Mining (immediately south of Crystal Lake at past producing Snip mine).
Dr. Lightfoot concluded: "The combination of mapping programs by the B.C. Geological Survey and operators going back to the 1980’s, coupled with new airborne electromagnetic methods, places the Newmont Lake Project in a whole new light. It is strategically positioned to achieve a place in the world's next great mining camp."