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

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1 month 3 weeks ago #123679 by lynnsa10
lynnsa10 replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Looks like it has finally turned

News out today

2019-10-10 09:27 ET - News Release


Mr. Maurizio Napoli reports

CRYSTAL LAKE MINING ANNOUNCES NEW DISCOVERY OF EXPANSIVE, MULTI-ELEMENT HYDROTHERMAL MINERALIZED SYSTEM AT NEWMONT LAKE, BC

Crystal Lake Mining Corp. has discovered an entirely new multielement hydrothermal system in the Chachi corridor containing high-grade gold, silver, copper, nickel, cobalt, zinc and lead mineralization spread over a massive area eight kilometres long by four km wide east of the Newmont Lake gold corridor, along the Eskay rift, in the heart of the Golden Triangle.

At least three different styles of mineralization over the expansive area have returned assays from multiple samples, in different occurrences from surface outcrop (in-situ grab and chip samples) ranging up to 21.03 g/t Au (gold), 2,350 g/t Ag (silver), 5.4% Cu (copper), 7.7% Ni (nickel), 0.85% Co (cobalt), 15.2% Zn (zinc) and 6.2% Pb (lead). The mineralized system runs along the eastern side of the McLymont Fault and is coincident with a continuous >2km long geophysical anomaly.

Maurizio Napoli, President / CEO of Crystal Lake commented "At the start of the 2019 program on CLM's Newmont Lake Project, the Chachi Corridor was the most underexplored area within the large land package. We carried out an extensive large maiden exploration program and what's really exciting is that the 2019 surface exploration program has identified a new, large mineral system coincident with a 2019 >2km chargeability IP anomaly and an aeromagnetic anomaly centered on a major fault system which is associated with high grade gold mineralization in the Newmont Lake area to the southwest. Moreover, the discovery of high-grade nickel, copper, cobalt, zinc and lead was unexpected and remarkable. The 2019 program of work supports exploration for high grade Au-Cu mineralization along the Chachi corridor. The presence of high-grade VMS style and Ni-Co-Cu arsenide mineral occurrences highlights the potential for the discovery of base metal deposits along this richly endowed metal corridor."

Discussion of 2019 Chachi Corridor Program

Multi-element soil geochemical data and rock samples from newly discovered occurrences point to a multi-element geochemical anomaly spread over an 8 km by 4 km footprint spatially associated with the fertile McLymont Fault structure including high-grade Au-Ag-Cu sulphide (gold, silver, copper sulfide), high-grade Ag-Zn-Cu-Pb (silver, zinc, copper, lead), and high-grade Ni-Co-Cu-Ag arsenide/sulphide (nickel, cobalt, copper, silver arsenide associated with stockwork copper sulfide mineralization).

A recently completed Induced Polarization ("IP") ground geophysics survey in 2019 has detected a chargeable conductive anomaly within the soil chemical anomalies and occurrences in the footwall of the Mclymont Fault. Over 2000 soil samples, 2000 hyperspectral measurements, and 800 rock samples were collected from this area.

The results highlight a newly discovered Au-Ag-Cu occurrence, named the Leo Zone, associated with quartz veins within the footprint of a 600m long IP anomaly. Multiple samples yielded grades of 5.82-21.03g/t Au along with high-grade Ag and Cu (See assays listed below).

Exploration of the Cuba showings identified high-grade Ag-Zn-Cu-Pb sulphide mineralization associated with barite along the 3.2 km long Cuba-Thumper trend to the east of the Mclymont Fault corridor. Grades of 5-2,350g/t Ag, 15.2% Zn and up to 5.4% Cu provided reason to undertake follow-up chip-channel sampling which reproduced high concentrations of Ag, Zn, Cu, and Pb over 1.5-4.8 m wide intervals (See assays listed below).

The hydrothermal Au-Ag-Cu and Ag-Zn-Cu-Pb falls within the footprint of newly discovered high-grade Ni-Co-Cu-Au-Ag arsenide/sulphide mineralization at the brand new Brass Rose and Grey Rose occurrences containing vein-hosted and semi-massive niccolite-gersdorffite-cobaltite with grades up to 7.7% Ni (See assays listed below). Importantly, gabbroic intrusions found within the area of these occurrences are commonly associated with magmatic sulphide deposits.

These findings will underpin an aggressive exploration effort in the Chachi area that expands coverage of IP, utilizes Electro-Magnetic ("EM") geophysics survey to locate conductive mineralization, with plans to define best targets for drilling.

Cole Evans, President / CEO of HEG commented; "The Chachi Corridor is still in its infancy of exploration, but the large 2019 program of work has identified important new mineral occurrences as well as geochemical and geophysical signatures indicative of a major mineralizing event. HEG as a services company has been fortunate to work on many good properties across the Golden Triangle in British Columbia, but Chachi is different from anything we have ever seen before. My hat is off to our entire technical team for pulling this discovery together and letting the numbers speak for themselves. This is an 8km x 4km area that had previously never received any ground geophysics, intensive prospecting, detailed mapping, hyperspectral sampling or drilling; I do not think many people would have imagined how successful the Chachi grassroots campaign would have been for Crystal Lake this season."

Chachi Corridor Assay Highlights

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1 month 4 weeks ago #123648 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
bought more shares,i'm averaging $0.25 now,but i'm under at $0.15 today,is that meltdown a sign of bad news coming ?

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2 months 3 days ago #123626 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Maybe some management changes after such a dismal performance, not a bade idea

CRYSTAL LAKE MINING ANNOUNCES RESULTS OF ITS ANNUAL GENERAL MEETING AND SPECIAL MEETING; APPOINTS MAURIZIO NAPOLI AS CEO & BRIAN MOORE AS CFO

Crystal Lake Mining Corp. has released the results of voting of its annual general and special meeting of shareholders, which was held at 11 a.m. on Sept. 30, 2019, in Vancouver, Canada.

All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, (both dated August 23, 2019), were approved by the majority of votes cast at the Meeting with a total of 34,383,710 common shares (the "Shares") representing 32.03% of the issued Shares of the Company represented at the Meeting. Details of the Meeting are provided below.

Appointment of Maurizio Napoli as CEO & President

The Company is pleased to announce that Mr. Maurizio Napoli has been appointed CEO and President of the Company. Maurizio ("Mars") Napoli's information and statement is added below.

Mr. Savage will remain as a member of the Company's board of directors (the "Board"). The Company thanks him for his service as CEO and value he has brought to the Company which includes solidifying the acquisition of its Newmont Lake Project and for bringing in valuable and strategic shareholders to the Company. The Company looks forward to his continued support as a member of the Board.

Appointment of Brian Moore as CFO & Director

The Company is pleased to welcome Mr. Brian Moore as CFO and a director of the Company. Brian Moore's information is added below.

He replaces Alphonse Ruggiero in the position who has stepped down as CFO of the Company. Mr. Ruggiero will remain as a member of the Board. The Company thanks him for his service while in the CFO position.

Number of Directors

The number of Directors was set at five (5).

Election of Directors, Addition of new Director

The director nominees were elected resulting in Lawrence Roulston, Wally Boguski, Richard Savage, Alphonse Ruggiero.

The Chair informed that Mr. Dave Ellett stepped down as a nominee member of the Board before the Meeting and informed that Mr. Brian Moore was nominated as a director of the Company. The Company wishes to thank Mr. Ellett for his service as a member of the Company's Board.

Appointment of Auditors

Davidson & Company LLP, Chartered Accountants were re-appointed as auditors of the Company.

Stock Option Plan

97.86% voted in favour of the adoption of a new 10% rolling stock option plan.

Re-pricing of Stock Options

97.66% voted in favour of the re-pricing of previously granted stock options to insiders of the Company.

Plan of Arrangement Resolution

98.85% voted in favour of the special resolution with respect to the Plan of Arrangement, which involves the distribution of common shares of Sassy Resources Corporation to the shareholders of the Company.

Maurizio Napoli (CEO & President) Information

Maurizio Napoli completed H.BSc. and M.Sc. degrees at Laurentian University. He worked for 2 years with the Ministry of Northern Development and Mines mapping the numerous gold occurrences in the Fox Lake Belt near Whitefish Ontario. He continued his career with Inco, IncoGold and Vale exploring for magmatic nickel-copper sulphides globally, gold in the Abitibi Greenstone Belt and uranium in New Brunswick. He retired as an Exploration Manager from Vale in 2016.

Maurizio Napoli, CEO & President stated, "Crystal Lake's Newmont Lake Project, is a multi-focused high-grade gold, silver, copper and other strategic metals project, along the western flank of the Eskay Rift in NW BC, in the heart of the Golden Triangle. The Company's first season of developing the Project has delineated three exciting target areas for the Company and its shareholders including the Newmont Lake Gold Corridor, Burgundy Ridge & 72 Zone and the Chachi Corridor. Numerous exciting results are forthcoming from all three zones. On behalf of our whole team I'd like to thank everyone for the patience and support given to us which allowed us to complete one of the largest junior exploration programs in the Golden Triangle this season."

Brian Moore (Director & CFO) Information

Brian Moore has been providing taxation, accounting, and business advisory services since 1979, establishing his own firm in 1986. His Partner Paul Turner and Brian co-founded TurnerMoore LLP in 1994. Their firm is committed to helping business operators and entrepreneurs in building and maintaining enterprises from start-up, growth and succession.

Brian is an active volunteer in his community, and over the past thirty years has served on carious not-for-profit boards and in political organizations. He is a past Governor of CGA Ontario, past member of committees for both CGA Ontario and CGA Canada, and currently serves as a Practice Inspector for CGA Ontario. In 2009, CGA Canada awarded Brian the Fellowship designation (FCGA) in recognition of his contributions to CGA and the accounting profession.

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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2 months 1 week ago #123611 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle

alexgreat wrote: Looks like a bottom around 20


Hope so,because i'm done with the buying,but it's strange,$0.40 to $0.20 represents a 50% drop,i wonder why the big pockets didn't jump on it even more.

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2 months 1 week ago #123609 by alexgreat
alexgreat replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Looks like a bottom around 20

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2 months 1 week ago #123599 by Gambler
Gambler replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
I would say shorted too. Other platforms bidding, Alpha for 55k and Neo for 41k both at 20, they probably shorted higher

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2 months 1 week ago #123598 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
Someone hammering it, probably shorting too, I bought some this morning

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2 months 1 week ago #123596 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
$0.205 on the bid,manipulated again like Zonte.

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2 months 2 weeks ago #123582 by ron
ron replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle

Gambler wrote: I bought more today at 29, great price here with a lot more drill results coming. If it is good for McEwen at 30, great for me at 29


Was thinking the same thing,have now 50k and waiting for pay day,with Zonte, those two explorers are the most promising,now the till is getting really empty..lol..

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2 months 2 weeks ago #123581 by Gambler
Gambler replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
I bought more today at 29, great price here with a lot more drill results coming. If it is good for McEwen at 30, great for me at 29

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2 months 2 weeks ago #123580 by GoldnBoy
GoldnBoy replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
looks like stock is rising now, a snap shot of market depth by price shows a lot more bids than offers

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2 months 2 weeks ago #123579 by alexgreat
alexgreat replied the topic: Crystal Lake MINING V:CLM, OTC:SIOCF Golden Triangle
makes no sense the stock going down. Here is a pic of hole 2 high grade section

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