Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle

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3 weeks 4 days ago #125321 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Looks like things coming back here. Still hold a good position. More news and stock should head higher still

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1 month 4 days ago #125273 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Great news today RonS,

Enduro cuts 144 m of 3.18 g/t Au from Newmont core

2020-07-06 07:35 ET - News Release


Mr. Cole Evans reports

ENDURO METALS REPORTS DRILL INTERCEPT CUT 144 METRES OF 3.18 G/T GOLD; IDENTIFIES ADDITIONAL GOLD TARGETS AT NEWMONT LAKE IN BC'S GOLDEN TRIANGLE

Enduro Metals Corp. has released drill results as part of the continuing exploration program on the company's 551-square-kilometre Newmont Lake project located in the heart of British Columbia's Golden Triangle. These results are from previously unsampled drill core by a previous operator whose focus was on narrow high-grade intersects, with the result that only a portion of the core was previously sampled. Infrastructure in the region has greatly improved, including power and road access now within 16 kilometres, leading to a dramatic change in the approach to exploration and potential development at Newmont Lake.

A continuing comprehensive technical review of the project recently identified three gold mineralization styles associated with the 20 km long McLymont fault, one of multiple target areas within the Newmont Lake project. The study determined that previous operators did not identify all gold mineralization styles, and as a result, only 19 per cent of the total drill core has been assayed to date. The Enduro technical team assayed the full core length from the earlier diamond drill hole R-08-07. Other holes in the NW zone are now also being re-examined.

These recent assays show that R-08-07, drilled vertically in the NW zone near the McLymont fault, intersected 144.00 metres of 3.18 grams per tonne gold and 3.66 g/t silver starting at 9.51 m, including 54.70 m of 7.64 g/t Au and 8.98 g/t Ag starting at 20.00 m.

A 2019 Enduro hole, NW19-12, 150 m northeast of R-08-07 (Enduro's news release dated Sept. 18, 2019) intersected 188 m of 1.10 g/t Au, 1.15 g/t Ag and 0.09 per cent copper starting at 67.0 m, including 44.13 m of 4.03 g/t Au, 4.06 g/t Ag and 0.29 per cent Cu starting at 82.0 m. That 2019 hole is highly significant because it was drilled beyond where the NW zone was thought to have ended, thereby confirming that the zone remains open in that direction. Newly reported Enduro hole NW19-17 intersected two low sulphidation epithermal feeder structures underneath and adjacent to NW19-12, including 1.62 m of 14.84 g/t Au within 18.31 m of 1.80 g/t Au starting at 189.00 m, and 1.50 m of 9.33 g/t Au, 16.29 g/t Ag and 0.82 per cent Cu starting at 80.24 m.

The results of the reassaying have important implications for the potential of the NW zone, suggesting the potential for materially more ounces within the areas drilled as the broader mineralized areas are considered. The 2019 drilling points to the potential for the zone to continue along strike and highlights new zones beneath.

Drilling at the NW zone has yet to penetrate below 256 metres and mineralization remains open both laterally and at depth. Results of the technical study also highlight the prospective nature of other targets along the McLymont fault.

Geological and geophysical modelling

Included in the technical study, the company completed the first 3-D geophysical model along the McLymont fault and the first 3-D lithological model. Modelling identified a 1,500 m long prospective gold horizon, which potentially links the NW zone with the newly discovered Goldfish zone, 600 m northeast of the NW zone, and trends approximately 300 m from the McLymont fault.

Newly sampled core by Enduro from the previous operators confirms more high-grade gold feeder structures exist along the prospective horizon leading toward Goldfish. Highlights from this include 28.72 g/t Au, 7.30 g/t Ag and 0.38 per cent Cu over 0.92 m starting at 207.57 m in R-06-07. The R-06-07 feeder structure is located 200 m northeast of NW19-012, and is adjacent to the hypothesized 1,500 m prospective horizon only drill tested where the horizon outcrops at surface (the NW zone).

Goldfish

The newly discovered Goldfish zone was identified in 2019 from a deep penetrating induced polarization (IP) geophysical survey by Walcott Geophysics directly along strike from the NW zone. Goldfish shares the same chemical and physical characteristics as the NW zone including high-grade gold in rocks on surface, similar high chargeability features, overlapping magnetic-low signature, and is hosted approximately 300 m within the footwall of the McLymont fault.

Additionally, Goldfish is on a double-fault junction between the McLymont fault and a three km north-south-trending conjugate fault. This is the same structure that hosts the company's Ken zone, an area identified by Newmont Mining Corp. in 1961 as being prospective for gold. Fieldwork in 2020 will further delineate targets at Ken zone and how it is possibly linked. Recent surface sampling identified high-grade gold, silver and copper on surface including a chip sample containing 4.0 m of 11.22 g/t Au, 4.12 per cent Cu and 43.54 g/t Ag.

Cole Evans, president and chief executive officer of Enduro, commented: "Gold deposits are cryptic, so it's critical we know where the gold is sourcing, how it's moving and where it's concentrating. Enduro has developed a strong criterion to find gold along the McLymont fault, and there are several other areas which match our criteria thus far.

"Gold mines have changed a lot in the 35 years since this area was first looked at. To put it into perspective, previous resource estimates were calculated with $475 (U.S.) per ounce gold at an average grade of 5.12 g/t AuEq. Today, the average grade worldwide of all open-pit gold mine is approximately 1.20 g/t AuEq and the gold spot price is $1,780 (U.S.) per ounce. Our grades and intervals are encouraging, especially when stacked against global standards.

"Drilling is still shallow within our prospective horizon, and there are many signs of significant high-grade feeder structures beneath and adjacent to the main skarn body. We have identified several new gold targets that will be tested in 2020 in addition to exploring more areas that match the company's criteria. Our technical study has turned everything we thought we knew on its head, and the McLymont fault is wide open to find more gold. With the recently completed hydroelectric power plant only 16 km away from where Enduro is drilling, this is a prime area to be looking for big gold deposits and we are just getting started."

Qualified person

The technical information in this news release has been reviewed and approved by Maurizio Napoli, PGeo, director for Enduro Metals, a qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Enduro Metals Corp.

Enduro Metals is one of the leading exploration companies focused in the heart of British Columbia's prolific Golden Triangle. The company's highly qualified geological team has assembled a wealth of information generated by numerous companies, each working small pieces of the district-scale property that Enduro Metals has assembled through staking and optioning. Building on prior results, the company's geological team made several significant discoveries during its initial exploration program in 2019. A gold-rich copper porphyry outlined on the Burgundy trend has striking similarities to large-scale deposits in the region, including the Red Chris deposit for which Newcrest last year paid $807-million (U.S.) for a 70-per-cent interest.

Quality assurance/quality control analytical procedures

Rock samples from the Newmont Lake project were sent to MSA Labs' preparation facility in Terrace, B.C., where samples were prepared using method PRP-910. Samples were dried, crushed to two millimetres, split 250 g and pulverized to 85 per cent passing 75 microns. Prepped samples were sent to MSA Labs' analytical facility in Langley, B.C., where 50 g pulps were analyzed for gold using method FAS-121 (fire assay-AAS (atomic absorption spectroscopy) finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Rock samples were analyzed for 53 elements using method IMS-230, multielement ICP-MS (inductively coupled plasma mass spectrometry) four-acid digestion, ultratrace level. Silver assay results greater than 100 g/t Ag and cobalt, copper, nickel, lead and zinc greater than 10,000 parts per million were automatically analyzed by ore grade method ICF-6.

Enduro conducts its own QA/QC program where three standard reference material pulps and two blank reference material samples are inserted for every 100 samples when analyzing rock samples.

Soil samples from the Newmont Lake project were sent to MSA Labs' preparation facility in Terrace, B.C., where samples were prepared using method PRP-757. Soil samples were dried and screened to 80 mesh, discard plus fraction. Prepped samples were sent to MSA Labs' analytical facility in Langley, B.C., where they were analyzed for 51 elements using IMS-131 for samples with 20 g or greater and IMS-130 for samples between 0.5 g and 20 g.

Enduro conducts its own QA/QC program where three standard reference material pulps and two blank reference material pulps are inserted for every 100 samples when analyzing soil samples.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

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1 month 1 week ago #125248 by RonS
RonS replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Stock and the company waking up for another exploration season

Kelowna, British Columbia--(Newsfile Corp. - June 29, 2020) - Crystal Lake Mining Corporation (TSXV: CLM) (OTC PINK: SIOCF) (FSE: SOG) ("Crystal Lake" or the "Company") is pleased to announce 4 additions to the Company's management and technical team, as well as regulatory approval of the Name Change intent to Enduro Metals Corporation. The Company announces that, further to its news release of June 11th, 2020, its common shares will begin trading under its new name "Enduro Metals Corporation" on the TSX Venture Exchange (the "TSXV") at the opening of trading on July 3rd, 2020.

The Company's trading symbol will change to "ENDR" on the TSXV and will remain as "SOG-FF" on the Frankfurt Stock Exchange and as "SIOCF" on the OTC Pink sheets. The CUSIP number for the Company's common shares is 29279W102 and ISIN is CA29279W1023.

Chief Financial Officer

The Company is pleased to welcome Mr. Malcolm Davidson, CPA, CA, as Chief Financial Officer. Mr. Davidson is an outgoing and dynamic corporate executive with nearly 20 years experience operating, financing, and developing TSX and NYSE listed mining companies. Prior to joining Crystal Lake, Mr. Davidson spent 8 years as CFO with Avino Silver & Gold Mines helping develop the silver and gold producer's assets in Mexico and Canada. Also, during his tenure with Avino, Mr. Davidson was CFO of Coral Gold Resources where he played a key role in selling and negotiating royalties for the Company's primary asset in Nevada to Barrick Gold, in addition to consulting for several other companies.

Chief Operating Officer

The Company is pleased to welcome Mr. Dylan Hunko B.Sc., as Chief Operating Officer. Mr. Hunko is a co-founder of HEG & Associates along with Crystal Lake's President/CEO Cole Evans and has been a critical figure in the private company's growth and success since its formation. HEG is the single largest shareholder of Crystal Lake Mining. Mr. Hunko is a skilled project manager who has designed and executed projects for junior explorers and major mining companies alike in North America. Mr. Hunko started his exploration career with Archer Cathro in 2011 and has worked as an exploration geologist for several companies dominantly focused on the Golden Triangle of British Columbia, Canada. He currently sits as Vice-President of the Bob Quinn Lake Airport Society; an important infrastructure installment approximately 30km east of the Company's Newmont Lake airstrip.

Corporate Secretary

The Company is pleased to welcome Ms. Deborah Cotter as Corporate Secretary. Ms. Cotter has over 25 years experience in the public markets for both Canadian and US listed companies, managing securities compliance, corporate governance, equity financings, and administration. Ms. Cotter is currently Corporate Secretary of Terrace Energy Corp. and is the Corporate Secretary/Corporate Compliance Lead for SpeakEasy Cannabis Club. Prior to that she held the position of Corporate Secretary of CRH Medical Corp. and Corporate Secretary of ID Biomedical Corp. until the time of its takeover offer by Glaxo Smith Kline plc. in December of 2005. ID Biomedical grew from an initial $3 million market capitalization to $1.7 billion at the time of its takeover offer from Glaxo Smith Kline plc. In 2005.

Technical Advisor

The Company is pleased to welcome Mr. John Ryan, B.Sc. Hons, to the Company's technical advisory committee. Mr. Ryan has 15 years experience specializing in the Canadian Cordillera in both greenfields and brownfields exploration. Mr. Ryan spent 8 years with Teck resources where he held a leadership role in developing industry leading methods in applied geochemistry, hyperspectral analysis, and geometallurgical modelling as a Senior Project Geologist at Teck's Highland Valley Copper; Canada's largest copper mining complex. Prior to this, he held positions with both Sabina Gold & Silver and Spanish Mountain Gold assisting in the delineation of the Hackett River VMS deposit in northwestern Nunavut (subsequently purchased by Glencore), and the SHV gold deposit at Spanish Mountain in central British Columbia, Canada.

Mr. Ryan holds a B.Sc. (Hons) in Geology from the University of British Columbia Okanagan specializing in applied exploration geochemistry from the Charles Fipke Centre for Innovative Research.

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6 months 3 weeks ago #124360 by thibep2
thibep2 replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Crystal Lake Mining Appoints Coles Evans as New CEO and Director

apple.news/A9OJWsLYoRFCAcyNQYFvHtg

Stock is up!!

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6 months 3 weeks ago #124357 by thibep2
thibep2 replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle

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6 months 4 weeks ago #124327 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle

lynnsa10 wrote: Been a while since last drill news, should be more results soon???


i still own a big chunk of CLM,it has been going up lately,RonS was talking of a huge shorts on the stock and even had a sell recommendation on it,i didn't listen to him..lol..

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8 months 1 week ago #123998 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
agree, due for results, looks like the bottom is in and we inching up a little

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8 months 2 weeks ago #123981 by lynnsa10
lynnsa10 replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Been a while since last drill news, should be more results soon???

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8 months 2 weeks ago #123955 by JunglistGuy
JunglistGuy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Check this video, why I still own the stock and buying more

The following user(s) said Thank You: thibep2

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8 months 3 weeks ago #123912 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle

GoldnBoy wrote: Either very good news coming or the seller or sellers have exhausted


now,we know why it was down,

Crystal Lake arranges $3.1-million private placement

2019-11-14 18:11 ET - News Release

An anonymous director reports

CRYSTAL LAKE ANNOUNCES NON-BROKERED PRIVATE PLACEMENTS; APPLIES THREE-YEAR NO CONSOLIDATION RESOLUTION

Crystal Lake Mining Corp. intends to complete a non-brokered private placement for gross proceeds of up to $2.5-million through the issuance of up to 25 million units at 10 cents per unit and through the issuance of up to approximately $600,000 through the issuance of approximately 4.6 million flow-through units at 13 cents per flow-through unit.

Each Unit will consist of one common share (the "Shares") and one transferable warrant (the "Warrants"), with each warrant entitling the holder to purchase one additional Share at an exercise price of $0.15 per Share for a period of 5 years from the closing date, provided that in the event that the closing price of the Company's Shares on the TSX Venture Exchange (or such other exchange on which the Company's common shares may become traded) is $0.75 or greater per Share during any twenty (20) consecutive trading day period at any time subsequent to four months and one day after the closing date, the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to the holders of the Warrants. Each Flow-Through Unit will consist of one flow-through common share in the capital of the Company and one Warrant with each Warrant entitling the holder to purchase one Share for 2 years from the closing date at an exercise price of $0.20 per Share.

The Company anticipates that current Insiders of the Company will participate in the Private Placement. Finder's fees may be paid to qualified parties in accordance with applicable securities laws. The proceeds from the Offering will be used for continued exploration at the Company's Newmont Lake Project and for working capital and general corporate purposes.

The Company also wishes to confirm that the Board of Directors has passed a resolution made effective on October 29, confirming that the Company will not effect a consolidation of its issued and outstanding Shares for a period of 3 years.

About Crystal Lake Mining

Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through high-grade discovery opportunities in British Columbia and Ontario. The Company has an option to earn a 100% interest in the Newmont Lake Project, one of the largest land packages among juniors in the broader Eskay region in the heart of Northwest B.C.'s Golden Triangle.

© 2019 Canjex Publishing Ltd. All rights reserved.

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8 months 3 weeks ago #123910 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Short volume continues to decrease, but so did trading volume. Short volume 236,400 in first 2 weeks of November

shortdata.ca/stock/CLM.V/

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9 months 1 week ago #123756 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Either very good news coming or the seller or sellers have exhausted

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