Crystal Lake Mining Corporation (TSXV: CLM; OTC: SIOCF; FSE: SOG-FF)(”Crystal Lake” or the “Company”) has reported some interesting forward-motion developments lately, including the inclusion of two key persons to the Crystal Lake team.
Lawrence Roulston, currently managing director of WestBay Capital Advisors, has been appointed to the company’s Board of Directors. Mr. Roulston has over 35 years of diverse experience in the sector and is well-known for his expertise in the Golden Triangle, the area where Crystal Lake has focused its’ operations. He also served as editor of Resource Opportunities, an independent investment publication focusing on the mining industry.(1)
Regarding Mr. Roulston’s viewpoint of the potential held by Crystal Lake, he stated. "I've never been so excited about developments throughout the Golden Triangle, and the potential for new discoveries and new mines at a time when infrastructure has never been better," he stated. "Crystal Lake has quickly become a leader in this region with its Newmont Lake project which I've been following closely for many years. It is one of the real gems among properties in northwest British Columbia and I look forward to helping the exceptional team that Crystal Lake has assembled."(2)
The second key addition is Maurizio “Mars” Napoli as VP, Exploration, effective immediately. Mr. Napoli is an accomplished professional geologist with over 33 years of experience in the mineral exploration business. He began his career studying gold mineralization in Northern Ontario with the Ministry of Northern Development and Mines. Subsequently he worked for 30 years with Inco Ltd. and Vale Canada in the Thompson and Sudbury nickel camps and with their North American and Global Exploration groups exploring for Archean greenstone gold, magmatic-hosted nickel-copper, uranium and porphyry-style copper systems.(3)
Mr. Napoli’s appointment comes on the heels of Crystal Lake recently outlining a large copper-gold porphyry target area, with high-grade gold potential, on the eastern side of the company's Newmont Lake project in northwest British Columbia's Eskay camp. The northeast-trending Chachi corridor along the McLymont fault system has a current strike length of greater than eight kilometres by three km wide as defined by an extensive review of historic data including rocks, soils and geophysics. The entire corridor, which features astonishing glacial retreat, is notably underexplored and will be one of several primary areas of focus for the 2019 summer exploration program, now under way.(4)
Highlights of the Chachi corridor include:
·Three separate intense geochemical anomalies (copper, gold and silver), vectoring into vast unexplored and highly altered terrain, covering an area greater than eight kilometres by three km;
·An approximate three km gossanous zone is adjacent to a cluster of dioritic and syenitic intrusions (typical intrusion types to host large porphyry systems and mineral occurrences in this region), all spatially associated with the McLymont fault system of extensional tectonics in the region;
·A radiometric age-dating study at the University of British Columbia (UBC) concluded late Triassic ages of 203.1 plus or minus 2.0 million annum to 214.1 plus or minus 2.0 million annum on two sampled intrusions to date in the Chachi corridor, which puts a copper-gold porphyry system in the Corridor remarkably similar in age to the Newmont/Teck Galore Creek/Copper Canyon deposits approximately 40 km to the northwest (assessment report No. 30749, B.C. Geological Survey);
·Limited historic rock sampling (late 1980s) over a strike length of one km from an interpreted epithermal area on the eastern side of the Chachi corridor returned values ranging from anomalous to 14.2 grams per tonne Au, with eight of the 28 samples grading greater than eight g/t Au (assessment report No. 18450).(5)
A third factor of interest that may prove to be beneficial to Crystal Lake’s operations comes in the form of glacial retreat. According to CrystalLake, glacial retreat of approximately two to four kilometres has occurred within the Chachi Corridor since 2008. Widespread 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. This, plus the newly exposed prospective ground makes the entire Chachi Corridor a high priority target.(6)
Crystal Lake has dedicated a team of approximately 20 people at any given time who will be exploring and validating the Chachi Corridor. A phase one program consisting of extensive prospecting, lithological and alteration mapping, airborne and ground geophysics, and geochemical and alteration vectoring using the latest in-field mobile hyperspectral and X-ray fluorescence technology should quickly define priority targets for drilling this summer.(7)
As stated by President and CEO, Richard Savage, Crystal Lake has "The right people, the right area, the right time -- we've assembled an amazing team that's planning an expansive initial exploration program that will be systematic and discovery-driven, applying state-of-the-art exploration technologies.”(8)
As always, do your own due diligence.
Happy Investing!
Dr. Kal Kotecha
TO JOIN OUR FREE NEWSLETTER, PLEASE VISIT WWW.JUNIORGOLDREPORT.COM
Footnotes/References
(1)Stockhouse (June 2019) : Crystal Lake Mining appoints Roulston as Director :https://stockhouse.com/news/press-releases/2019/06/14/lawrence-roulston-joins-crystal-lake-board-of-directors
(2) Stockhouse (June 2019) : Crystal Lake Mining appoints Roulston as Director :https://stockhouse.com/news/press-releases/2019/06/14/lawrence-roulston-joins-crystal-lake-board-of-directors
(3) Crystal Lake Mining (June 2019) : Maurizio Napoli Joins Crystal Lake Mining’s Team as Vice-President of Exploration :https://crystallakemining.com/maurizio-napoli-joins-crystal-lake-minings-team-as-vice-president-of-exploration/
(4) Stockhouse (June 2019) : Crystal Lake Mining’s Discovery Team Outlines Chachi Corridor Copper-Gold Target Area at Newmont Lake Project :https://stockhouse.com/news/press-releases/2019/06/12/crystal-lake-mining-s-discovery-team-outlines-chachi-corridor-copper-gold
(5) Stockhouse (June 2019) : Crystal Lake Mining’s Discovery Team Outlines Chachi Corridor Copper-Gold Target Area at Newmont Lake Project :https://stockhouse.com/news/press-releases/2019/06/12/crystal-lake-mining-s-discovery-team-outlines-chachi-corridor-copper-gold
(6) Stockhouse (June 2019) : Crystal Lake Mining’s Discovery Team Outlines Chachi Corridor Copper-Gold Target Area at Newmont Lake Project :https://stockhouse.com/news/press-releases/2019/06/12/crystal-lake-mining-s-discovery-team-outlines-chachi-corridor-copper-gold
(7) Stockhouse (June 2019) : Crystal Lake Mining’s Discovery Team Outlines Chachi Corridor Copper-Gold Target Area at Newmont Lake Project :https://stockhouse.com/news/press-releases/2019/06/12/crystal-lake-mining-s-discovery-team-outlines-chachi-corridor-copper-gold
(8) Stockhouse (June 2019) : Crystal Lake Mining’s Discovery Team Outlines Chachi Corridor Copper-Gold Target Area at Newmont Lake Project :https://stockhouse.com/news/press-releases/2019/06/12/crystal-lake-mining-s-discovery-team-outlines-chachi-corridor-copper-gold
Disclaimer
© 2010 Junior Gold Report
Junior Gold Report (herein known “JGR/Dr. Kal Kotecha”) Newsletter and website: JGR/Dr. Kal Kotecha Newsletter and website are published as copyright publications of JGR/Dr. Kal Kotecha.
Please read the entire Disclaimer carefully before you use this website or read the newsletter. If you do not agree to all the Disclaimer, do not access/read this website/newsletter/article, or any of its pages. By using this website/newsletter/article, and whether or not you actually read this Disclaimer, you are deemed to have accepted it.
Articles or any other form of dissemination in person or online are all the sole product of JGR/Dr. Kal Kotecha’s personal, individual opinions.
It is the intention of JGR/Dr. Kal Kotecha to provide knowledge for the continuing information and education of private, professional and institutional stock market investors focusing on the junior metals market.
We publish Information regarding certain stocks, options, futures, bonds, derivatives, commodities, currencies and/or other securities (collectively, “Securities”) that we believe may interest our users. The information is provided for information purposes only and JGR/Dr. Kal Kotecha is not engaged in providing investment advice or investment-related recommendations, nor does JGR/Dr. Kal Kotecha solicit the purchase of or sale of, or offer any securities featured by and/or through JGR/Dr. Kal Kotecha. Further, nothing we do and no element of JGR/Dr. Kal Kotecha should be construed as such. Without limiting the foregoing, the Information is not intended to be construed as a recommendation to buy, hold or sell any specific Securities, or otherwise invest in any specific Securities. Trading in Securities involves risk and volatility. Past results are not necessarily indicative of future performance.
The information derived to create the article is taken at the time of creation and may be out of date or may have changed. JGR/Dr. Kal Kotecha very strongly recommends you do your own due diligence and consult a registered broker/financial advisor before buying or selling any security.
JGR/Dr. Kal Kotecha does not, in any way, guarantee that he is providing all of the information that may be available on any topic written.
JGR/Dr. Kal Kotecha makes no representations, and specifically disclaims all warranties, express, implied, or statutory, regarding the accuracy, timeliness, or completeness of any material contained in this site. Again, you should seek the advice of your registered broker/financial advisor regarding your stock transactions.
The information contained in this article is based on information about companies and persons that is publicly available. JGR/Dr. Kal Kotecha recognizes that there may be information in the possession of companies or other people that is non-public and that could lead others to disagree with JGR/Dr. Kal Kotecha’s analyses, opinions and/or conclusions. JGR/Dr. Kal Kotecha’s views and opinions re: the companies that are featured in the report are the author’s own views and are based on information that was received or found in the public domain, which is assumed to be reliable. JGR/Dr. Kal Kotecha has not undertaken independent due diligence of the information received or found in the public domain. Accuracy is not guaranteed. Perform your own due diligence and consult a registered broker/financial advisor.
Any statements, estimates, projections and opinions may prove to be substantially inaccurate and are inherently subject to significant risks and uncertainties beyond JGR/Dr. Kal Kotecha’s control. JGR/Dr. Kal Kotecha makes no representation or warranty, express or implied, as to the accuracy or completeness of those statements or any other written or oral communication it makes with respect to any company or persons mentioned, and JGR/Dr. Kal Kotecha expressly disclaims any liability relating to those statements or communications (or any inaccuracies or omissions therein). Thus, shareholders and others should conduct their own independent investigation and analysis of those statements and communications of companies or persons to which those statements or communications may be relevant.
JGR/Dr. Kal Kotecha most always holds a position in any of the securities profiled in JGR/Dr. Kal Kotecha pieces and JGR/Dr. Kal Kotecha constructs. JGR/Dr. Kal Kotecha disclosures are to the best of JGR/Dr. Kal Kotecha’s knowledge in order to maintain transparency and also to uphold and respect pertinent securities laws. JGR/Dr. Kal Kotecha may or may not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market and via consulting with their registered broker/financial advisor.
JGR/Dr. Kal Kotecha is not a registered broker/financial advisor and does not hold any licenses. These are solely personal thoughts and opinions about finance and/or investments – no information posted on this site is to be considered investment advice or a recommendation to do anything involving finance or money aside from performing your own due diligence and consulting with your personal registered broker/financial advisor.
You agree that by reading JGR/Dr. Kal Kotecha’s articles, you are acting at your OWN RISK. In no event should JGR/Dr. Kal Kotecha be liable for any direct or indirect trading losses caused by any information contained in JGR/Dr. Kal Kotecha’s articles. Information in JGR/Dr. Kal Kotecha’s articles is not an offer to sell or a solicitation of an offer to buy any security. JGR/Dr. Kal Kotecha is not suggesting the transacting of any financial instruments but does suggest consulting your own registered broker/financial advisor with regards to any such transactions.
No Guarantee as to Content:Information provided on this website/newsletter article is general in nature and does not constitute attempts at financial advice. The information, data and opinions on this website/newsletter article are provided ‘as is’ and without any warranty of any kind, either express or implied as to the accuracy or completeness of those statements or any other written or oral communication it makes with respect to any company or persons mentioned or from any third party website/newsletter linked to this article. JGR/Dr. Kal Kotecha shall not be liable for indirect, incidental, consequential, reliance or special damages for harm to business, lost profits, lost savings, or lost revenues, whether or not JGR/Dr. Kal Kotecha has been advised of the possibility of such damages. JGR/Dr. Kal Kotecha shall not be liable for any damage that any user may suffer arising out of the use of; or the inability to use, services or content provided hereunder. These limitations of liability shall apply regardless of the form of action, whether in contract or tort, and shall survive failure of an exclusive remedy. JGR/Dr. Kal Kotecha believe the statements made on JGR/Dr. Kal Kotecha’s website/newsletter are substantially accurate in all material respects and does not omit to state material facts necessary to make those statements not misleading. JGR/Dr. Kal Kotecha expressly disclaims any liability relating to those statements or communications (or any inaccuracies or omissions therein). Although JGR/Dr. Kal Kotecha strives to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein whether in an article or on the website.
Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/Dr. Kal Kotecha, its associates, authors, and affiliates are not responsible for errors or omissions.
None of our trading or investing information, including JGR/Dr. Dr. Kal Kotecha, any emails or content or any internet-based communication (collectively, “Information”) provides individualized trading or investment advice and should not be construed as such. Accordingly, please do not attempt to contact JGR/Dr. Dr. Kal Kotecha, its members, partners, affiliates, employees, consultants of JGR/Dr. Dr. Kal Kotecha to request personalized investment advice, which they cannot provide.
JGR/Dr. Kal Kotecha is not a registered broker/financial advisor.
Shareholders and others should always conduct their own independent investigation and analysis of those statements and communications of companies or persons to which those statements or communications may be relevant.
Forward Looking Statements: Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "has potential to", or "intends' or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. JGR/Dr. Kal Kotecha does not take responsibility for the accuracy of forward-looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.
Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of the respective featured company and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. In addition, with respect to the featured companies., a number of risks relate to any statement of projection or forward statements, including among other risks: the receipt of all necessary approvals; the ability to conclude a transaction to build a mine; uncertainty of future production or market prices, capital expenditures and other costs; financing and additional capital requirements for exploration, development and construction of a mine; mineral grade may not be as high as expected; the receipt in a timely fashion of further permitting for its projects; legislative, political, social or economic developments in the jurisdictions in which the featured company carries on business; operating or technical difficulties or cost increases in connection with mining or development activities; the ability to keep key employees and operations financed. This is solely a small excerpt of potential risks and uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. JGR/Dr. Kal Kotecha does not undertake any obligation to update any statements made.
The reader is referred to the public filings pertaining to a Crystal Lake Miningprofile available at www.sedar.com.
Consideration for Services: JGR/Dr. Kal Kotecha/Dr. Dr. Kal Kotecha holds securities in Crystal Lake Mining (a TSX Venture Exchange listed company) including stock options and will benefit from price appreciation. As a form of compensation, JGR/Dr. Kal Kotecha also participated in the March 2018 private placement with an exercise price of .225 and also has been granted stock options.
JGR/Dr. Kal Kotecha and its’ owner and affiliates/associates, partners, family members, or contractors may have long or short positions in Crystal Lake Mining and may buy, hold and sell shares without notice.
JGR/Dr. Kal Kotecha has been paid for promotional services by Crystal Lake Mining and as such our opinions are biased. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis or recommendation but rather as an advertisement.
JGR/Dr. Kal Kotecha’s conclusions are the result of personal due diligence.
JGR/Dr. Kal Kotecha composes disclosures to the best of its’ knowledge in order to maintain transparency and also to uphold and respect pertinent securities legal obligations. Each investor must make that decision based on his/her judgment of the market and via consulting with their registered broker/financial advisor.
Conduct your own due diligence: JGR/Dr. Kal Kotecha’s views and opinions regarding the companies featured in report(s) are JGR/Dr. Kal Kotecha’s own views and are based on information that JGR/Dr. Kal Kotecha has researched independently and has received, which JGR/Dr. Kal Kotecha assumes to be reliable. You should never base any buying/selling/trading/investment decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/Dr. Kal Kotecha aims to provide information and often stock ideas but they are by no means recommendations.The ideas and companies featured are highly speculative and you could lose your entire investment – consult a registered broker/financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned may be high risk and considered penny stocks that contain a high risk of volatility, therefore consult your registered broker/financial advisor and do your own due diligence before purchasing. No Offer to Sell Securities: JGR/Dr. Kal Kotecha is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/Dr. Kal Kotecha is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/Dr. Kal Kotecha may contain links to related websites for stock quotes, charts, etc. JGR/Dr. Kal Kotecha is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites/from the company, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do your own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim any responsibility for the content and accuracy of any such information or website.
Crystal Lake Mining may not have reviewed the JGR/Dr. Kal Kotecha’s content prior to publication and as such may not agree with statements made by JGR/Dr. Kal Kotecha. JGR/Dr. Kal Kotecha´s views and opinions regarding Crystal Lake Mining in the report are JGR/Dr. Kal Kotecha’s own views and are based on information that was received or found in the public domain, which is assumed to be reliable. JGR/Dr. Kal Kotecha has not undertaken independent due diligence of the information received or found in the public domain. JGR/Dr. Kal Kotecha does not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose.
Release of Liability: By reading the newsletter/website and/or watching videos by JGR/Dr. Kal Kotecha, you agree to hold JGR/Dr. Kal Kotecha, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
JGR/Dr. Kal Kotecha and the authors do not guarantee that any of the companies mentioned in the reports will perform as expected. Any comparisons that were made to other may not be valid or come into effect. Unless disclosed otherwise, photos/images used on the website/newsletter are sourced from photo websites, provided by the company and the public domain.
I am not a registered broker/financial advisor nor do I hold any licenses or registration with any other financial body. I am an individual investor and my opinions are a result of my own personal observation of companies and stocks. My opinions are not always correct and will not always be correct in the future.
My articles are formed from my opinion only and are not in any way suggestions to buy or sell any equity, bond, option or other financial instrument.