Crystal Lake described Newmont Lake as a vastly under-explored district-scale land package with multi-commodity potential in the heart of the Eskay Rift.
Crystal Lake Mining (TSXV:CLM) has announced that it has signed a letter agreement with Romios Gold Resources (TSXV:RG) for an option to acquire a 100-percent interest in the 436 sq. km Newmont Lake project in the prolific Golden Triangle, immediately south of Galore Creek and north-northwest of key projects in the highly active Eskay Camp.
According to Crystal Lake, Newmont Lake:
- Vastly under-explored district-scale land package with multi-commodity potential in the heart of the Eskay Rift;
- 22 documented mineral occurrences adjacent to the high-grade Northwest gold zone (historic resource) which is open for expansion;
- Immediate (October) planned drill program at Burgundy Ridge target (never previously drilled) at southwestern end of project where a continually receding snowfield has exposed broad areas of copper-gold-silver mineralization;
- Major new infrastructure improvements in the region (roads, bridges, power, AltaGas camp) have enhanced access and will accelerate the discovery process.
President and CEO of Crystal Lake, Richard Savage said:
“To gain a foothold in such a prominent mining district with an exceptional land package featuring both scale and untapped exploration potential will drive value for CLM shareholders. With Newmont Lake and our Nicobat project in northwest Ontario, we’re on track for a very exciting finish to 2018.”