{"id":1122333,"date":"2019-06-20T20:05:55","date_gmt":"2019-06-20T20:05:55","guid":{"rendered":"https:\/\/resourceworld.com\/?p=55992"},"modified":"2019-06-20T20:06:26","modified_gmt":"2019-06-20T20:06:26","slug":"crystal-lake-adds-to-holdings-in-eskay-camp","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1122333","title":{"rendered":"Crystal Lake adds to holdings in Eskay camp"},"content":{"rendered":"

Crystal Lake Mining Corp.<\/strong> [CLM-TSXV; SIOCF-OTC; SOG-FSE] said Thursday June 20 that it has expanded the size of its Newmont Lake Project by approximately 25% to 55,100 hectares. The company said it is now the largest landholder among junior companies in northwest British Columbia\u2019s broader Eskay camp as the 2019 exploration season ramps up.<\/p>\n

Newmont Lake is located in the heart of B.C.\u2019s Golden Triangle region and includes the McLymont Fault System, which is not far from the former Eskay Creek and Snip gold mines.<\/p>\n

On Thursday, Crystal Lake shares eased 1.56% or $0.005 to 31.5 cents. The shares are trading in a 52-week range of 24 cents and 74 cents.<\/p>\n

Crystal Lake is a mineral exploration company with projects in British Columbia and Ontario. The company recently said it has outlined a large copper-gold porphyry target area, with high-grade gold potential on the eastern side of Newmont Lake.<\/p>\n

The junior as an option to earn a 100% interest in the Newmont Lake Project. Under an agreement with Romios Gold Resource Inc.<\/strong> [RG-TSXV; RMIOF-OTC], it can exercise the option by spending $8 million on exploration at Newmont Lake over the next three years.<\/p>\n

Based on cross referencing old and new satellite imagery and orthographic photos, Crystal Lake said glacial retreat of approximately 2 \u2013 4 km has occurred within the Chachi Corridor since parts of it were last explored with \u201cboots on the ground\u201d in 2008.<\/p>\n

The Chachi Corridor is a prospective zone that reveals widespread surface alteration as well as other geological features that are consistent with copper-gold porphyry environments.<\/p>\n

\u201cWidespread surface alteration, intrusive bodies and other geological features consistent with large-scale porphyry copper-gold and associated shear vein gold and\/or carbonate replacement gold systems are apparent in the geochemical data compilation,\u201d the company said recently.<\/p>\n

\u201cThis, plus the newly exposed prospective ground makes the entire Chachi Corridor a high priority target,\u201d the company said.<\/p>\n

On Thursday, Crystal Lake said the newly-defined Chachi Corridor has been expanded via the staking of 17.5 km2<\/sup> of prospective ground straddling the northeast boundary of the Newmont Lake Project. This area is known as Chachi East.<\/p>\n

On the western side of the project, Crystal Lake has also staked the 74 km2<\/sup> Ridge West block, which represents the possible southwesterly extension of the recently announced Burgundy Ridge discovery. Burnaby Ridge is believed to be part of a 3-km northeast trending mineral corridor situated west of a series of under-explored high-grade gold occurrences and targets, along with the historic Northwest gold zone.<\/p>\n

All of these mineral zones and associated host rocks are within a graben structure bounded by the 20-km-long McLymont Fault. \u201cThis makes the Newmont Lake Project a highly favourable geological environment for new discoveries,\u201d the company said in a March 7, 2019 press release.<\/p>\n

The company said all new ground (115 km2<\/sup>) was acquired by staking, including a series of non-adjoining claims, covering 23.3 km2<\/sup> that are separate from Chachi East and Ridge West.<\/p>\n

\u201cWe have managed to gain control of the potential extensions of two large and prospective corridors on the Newmont Lake property,\u201d said Maurizio Napoli, Crystal Lake\u2019s vice-president, exploration. \u201cVectoring of soil anomalies into Chachi East and the numerous mineral occurrences on Ridge West add to an already impressive land package at the Newmont Lake project,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crystal Lake Mining Corp. [CLM-TSXV; SIOCF-OTC; SOG-FSE] said Thursday June 20 that it has expanded…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[622],"tags":[48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1122333"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1122333"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1122333\/revisions"}],"predecessor-version":[{"id":1122334,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1122333\/revisions\/1122334"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1122333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1122333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1122333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}