October 10, 2019, Vancouver, British Columbia – Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company”) is pleased to announce the discovery of a entirely new multi-element hydrothermal system in the Chachi Corridor (“Chachi”) containing high grade gold (Au), silver (Ag), copper (Cu), nickel (Ni), cobalt (Co), zinc (Zn) and lead (Pb) mineralization spread over a massive area 8km long x 4km 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.”

 

For location of new and historic showings within the Chachi Corridor and distribution of Ni-Co-Cu-Au-Ag-Zn mineralization throughout the Chachi Corridor, please see:

https://crystallakemining.com/crystal-lake-mining-announces-new-discovery-of-expansive-multi-element-hydrothermal-mineralized-system-at-newmont-lake-bc/

 

The N5 slide of the 2019 IP survey shows a chargeable response coincident with sizable Cu in soil anomaly with the newly discovered Grey Rose, Silver Rose and Brass Rose showings centered along the chargeable feature.

FOR N5 SLIDE PLEASE SEE: 

https://crystallakemining.com/crystal-lake-mining-announces-new-discovery-of-expansive-multi-element-hydrothermal-mineralized-system-at-newmont-lake-bc/

 

Chachi Corridor Assay Highlights

Gold (Au) Silver (Ag) Copper (Cu) Assays

“Leo” Zone – High-grade Au-Ag-Cu occurrence hosted in “bull quartz” veins +/- chalcopyrite clustered within 600m IP anomaly:

• 21.03 g/t Au, 71.56 g/t Ag, and 0.27% Cu
• 16.07 g/t Au, 30.40 g/t Ag, and 0.13% Cu
• 13.39 g/t Au, 156.00 g/t Ag, and 0.75% Cu
• 11.13 g/t Au, 31.73 g/t Ag, and 0.006% Cu
• 10.96 g/t Au, 45.41 g/t Ag, and 0.062% Cu
• 10.68 g/t Au, 112.00 g/t Ag, and 0.049% Cu
• 9.40 g/t Au, 64.94 g/t Ag, and 0.016% Cu
• 7.97 g/t Au, 25.4 g/t Ag, and 1.66% Cu
• 5.82 g/t Au, 60.05 g/t Ag, and 0.17% Cu

The “Rose Series” of showings also demonstrates high-grade Cu-Au-Ag mineralization:

• 6.57% Cu, 0.28 g/t Au, and 20.96 g/t Ag
• 5.36% Cu, 0.01 g/t Au, and 35.82 g/t Ag
• 4.57% Cu, 0.44 g/t Au, and 11.29 g/t Ag
• 4.12% Cu, 0.02 g/t Au, and 1.49 g/t Ag
• 3.97% Cu, 0.19 g/t Au, and 2.74 g/t Ag
• 2.98% Cu, 0.18 g/t Au, and 17.18 g/t Ag
• 2.78% Cu, 0.13 g/t Au, and 1.16 g/t Ag
• 2.74% Cu, 0.03 g/t Au, and 301.00 g/t Ag
• 2.53% Cu, 0.32 g/t Au, and 736.00 g/t Ag
• 2.46% Cu, 0.24 g/t Au, and 5.91 g/t Ag
• 2.19% Cu, 0.03 g/t Au, and 112.00 g/t Ag
• 2.11% Cu, 0.33 g/t Au, and 7.54 g/t Ag
• 2.06% Cu, 0.01 g/t Au, and 603.00 g/t Ag
• 2.00% Cu, 0.03 g/t Au, and 179.00 g/t Ag
• 1.88% Cu, 0.02 g/t Au, and 172.00 g/t Ag
• 1.77% Cu, 0.34 g/t Au, and 224.00 g/t Ag
• 1.62% Cu, 1.61 g/t Au, and 22.12 g/t Ag

Silver (Ag) Zinc (Zn) Copper (Cu) Lead (Pb) Assays

Extended “Cuba-Tetra-Thumper” trend – High-grade Ag-Zn-Cu-Pb barite system sampled and mapped over ~2.5km strike parallel to the Mclymont Fault system:

• 2,350 g/t Ag, 15.20% Zn, 1.30% Cu, and 0.59% Pb
• 2,338 g/t Ag, 12.90% Zn, 1.60% Cu, and 0.16% Pb
• 1,022 g/t Ag, 7.10% Zn, 0.30% Cu, and 0.69% Pb
• 854 g/t Ag, 4.30% Zn, 5.40% Cu, and 1.53% Pb
• 833 g/t Ag, 11.71% Zn, 0.22% Cu, and 1.24% Pb
• 775 g/t Ag, 5.9% Zn, 0.74% Cu, and 0.075% Pb
• 473 g/t Ag, 10.4% Zn, 0.18% Cu, and 0.013% Pb
• 451 g/t Ag, 7.80% Zn, 0.23% Cu, and 0.073% Pb
• 285 g/t Ag, 2.84% Zn, 0.23% Cu, and 0.034% Pb
• 269 g/t Ag, 2.00% Zn, 0.12% Cu, and 0.020% Pb
• 242 g/t Ag, 1.55% Zn, 0.15% Cu, and 0.007% Pb
• 242 g/t Ag, 12.92% Zn, 0.11% Cu, and 0.009% Pb
• 107 g/t Ag, 13.31% Zn, 0.048% Cu, and 4.43% Pb
• 12.44 g/t Ag, 12.04% Zn, 0.032% Cu, and 1.24% Pb
• 28.2 g/t Ag, 8.34% Zn, 0.016% Cu, and 0.002% Pb
• 88.32 g/t Ag, 6.90% Zn, 0.082% Cu, and 0.003% Pb
• 57.84 g/t Ag, 5.61% Zn, 0.043% Cu, and 10.6% Pb
• 4.56 g/t Ag, 5.52% Zn, 0.007% Cu, and 0.24% Pb

Follow-up chip-channel sampling (not continuous) along several outcrops over ~200m trend of “Cuba-Tetra-Thumper” returned:

• 2.4 metres of 1,071 g/t Ag, 9.30% Zn, 0.37% Cu, and 2.0% Pb on surface.
• 4.8 metres of 728 g/t Ag, 7.70% Zn, 0.19% Cu, and 6.2% Pb on surface.
• 1.5 metres of 359 g/t Ag, 10.0% Zn, 0.17% Cu, and 0.018% Pb on surface.
• 3.0 metres of 296 g/t Ag, 7.0% Zn, 0.12% Cu, and 0.022% Pb on surface.
• 3.0 metres of 232 g/t Ag, 3.9% Zn, 0.039% Cu, and 0.55% Pb on surface.
• 1.5 metres of 224 g/t Ag, 2.3% Zn, 0.070% Cu, and 0.66% Pb on surface.
• 2.5 metres of 129 g/t Ag, 4.99% Zn, 0.09% Cu, and 2.05% Pb on surface.
• 2.0 metres of 67.82 /t Ag, 4.59% Zn, 0.064% Cu, and 0.006% Pb on surface.
• 1.5 metres of 85.27 g/t Ag, 3.27% Zn, 0.041% Cu, and 0.25% Pb on surface.

Nickel (Ni) Cobalt (Co) Copper (Cu) Silver (Ag) Assays

“Brass Rose” showing – High-grade Ni-Co-Cu-Ag arsenide/sulphide occurrence:

• 7.7% Ni, 0.85% Co, 0.17% Cu, and 10.9 g/t Ag

“Grey Rose” showing ~1.5km from “Brass Rose” discovered multiple outcrop samples of various vein generations including:

• 3.2% Ni, 0.57% Co, 1.3 g/t Au, and 1.5 g/t Ag
• 2.4% Ni, 0.34% Co, 0.2 g/t Au, 21.2 g/t Ag, and 0.13% Cu
• 0.86% Ni, 0.19% Co, 0.02 g/t Au, and 2.69 g/t Ag
• 0.58% Ni, 0.10% Co, 0.11 g/t Au, and 4.74 g/t Ag
• 0.12% Ni, 0.08% Co, 0.01 g/t Au, and 18.72 g/t Ag

Follow-up chip-channel sampling (not continuous) along the same outcrop of “Grey Rose” Ni-Co returned:

• 2.0 metres of 2.8% Ni, 0.50% Co, 0.13 g/t Au, and 9.8 g/t Ag on surface.
• 2.0 metres of 0.58% Ni, 0.11% Co, 0.11 g/t Au, 4.74 g/t Ag, and 0.16% Zn on surface.
• 2.0 metres of 0.61% Cu, 0.04% Co, 79.53 g/t Ag, and 0.66% Zn on surface.

• There is a general Ni-Co enrichment across a wide range of samples throughout the Chachi Corridor proximal to the IP conductivity/chargeability feature.

 

for the photo gallery of below, please visit:

https://crystallakemining.com/crystal-lake-mining-announces-new-discovery-of-expansive-multi-element-hydrothermal-mineralized-system-at-newmont-lake-bc/

Interpreted paragenesis of the multi-stage veining system within the Chachi Corridor.

Photo / Map Gallery

 

Representative sample B0003611 assaying 7.7% Ni, 0.85% Co, 0.17% Cu, and 10.9 g/t Ag with additional rep. samples for the showing in the background.

 

Representative sample of massive sulphides (pyrrhotite, pyrite with minor chalcopyrite) in contact with high-grade Ni-Co arsenides. Rep. sample assayed 0.20% Cu.

 

Newly discovered gabbroic mafic intrusive rocks within the Chachi Corridor. This rock type is highly unusual for the region and is often associated with Ni-Cu-Co deposits around the world.

Cautionary Statement of Photo Gallery:

Please note the visualizations are selected images highlighting strong visual mineralization from a variety of new showings and recent diamond drill core. Mineral identification has been determined visually by geologists and cross-referenced via mobile X-ray Fluorescence elemental geochemical techniques (ThermoScientific Niton XL5 pXRF).  Portable XRF data is not provided as it is not an indicator of representative geochemistry of the entire rock mass. The reader should also note that while relative spatial information is provided, mineralization is not necessary representative of space between any given location and it should not be assumed that lateral continuity exists. The reader is encouraged to exercise caution, due their due diligence, and determine their own conclusions with the information provided.

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., CEO/President for Crystal Lake Mining, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

QAQC/ Analytical Procedures

Rock Samples

Rock samples from the Newmont Lake Project were sent to MSALABS’ preparation facility in Terrace, B.C., where samples were pulverized to 85% passing 75 microns. Prepped samples were sent to MSALABS’ analytical facility in Langley, B.C., where 50g pulps were analyzed for gold using method FAS-121 (fire assay-AAS 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, multi-element ICP-MS 4-acid digestion, ultra-trace level. Silver assay results greater than 100 g/t Ag and cobalt, copper, nickel, lead and zinc greater than 10,000ppm were automatically analyzed by ore grade method ICF-6.

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

Soil Samples

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

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

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.

On Behalf of the Board of Directors,

CRYSTAL LAKE MINING CORP.

“Maurizio Napoli”

President & CEO

Email: info@crystallakemining.com

www.crystallakemining.com

For further information please contact:

 

MarketSmart Communications

Tel: +1 (604) 261-4466

Toll Free: +1 (877) 261-4466

Email: info@marketsmart.ca

 

Momentum Public Relations

Tel: +1 (514) 815-7473

Email: mark@momentumpr.com

 

https://crystallakemining.com/crystal-lake-mining-announces-new-discovery-of-expansive-multi-element-hydrothermal-mineralized-system-at-newmont-lake-bc/

 

 

 

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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.

 

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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.

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October 1, 2019, Vancouver, British Columbia – Crystal Lake Mining Corporation (TSXV: CLM OTC: SIOCF FSE: SOG-FF) (“Crystal Lake” or the “Company”) is pleased to announce the results of voting of its Annual General and Special Meeting (the “Meeting”) of shareholders which was held at 11:00 am on September 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.

On Behalf of the Board of Directors,

CRYSTAL LAKE MINING CORP.

 

“Maurizio Napoli”

President & CEO

 

Email: info@crystallakemining.com

 

www.crystallakemining.com

 

For further information please contact:

 

MarketSmart Communications

Tel: +1 (604) 261-4466

Toll Free: +1 (877) 261-4466

Email: info@marketsmart.ca

 

Momentum Public Relations

Tel: +1 (514) 815-7473

Email: mark@momentumpr.com

 

https://crystallakemining.com/crystal-lake-mining-announces-results-of-its-annual-general-meeting-and-special-meeting-appoints-maurizio-napoli-as-ceo-brian-moore-as-cfo/

 

 

 

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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 Mining profile available at www.sedar.com.

 

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Vancouver, British Columbia:  Barrian Mining Corp. (“Barrian” or the “Company”) (TSX-V: BARI, OTCQB: BARRF, FSE: BM5) is pleased to provide an update on its drill program at the Bolo Gold-Silver Project. To date, six Reverse Circulation (RC) drill holes totaling 1,240 meters have been completed. Samples from all six holes have been sent to ALS Global for multi-element geochemical and gold fire assay analysis. The program remains on budget and on schedule. An additional +500 meters in drilling is anticipated over the coming week(s) to complete the program goal of extending the strike length and depth extent of gold mineralization at Bolo.

Qualitative hand-held portable X-ray Fluorescence (XRF) analysis of RC drill samples has confirmed the presence of pathfinder elements that are a potential indicator of the presence of gold and silver. In particular, elevated arsenic values, which historically correlate well with gold mineralization at Bolo, have been identified within current drill samples cutting the downward projection modelled gold zones. Portable XRF analysis has proven to be a valuable tool in rapidly identifying, in conjunction with chip and sample colour logging, the presence of potential mineralization providing the exploration team with the flexibly to adjust drilling priority in real-time.

Maximilian Sali, CEO and Founder comments “With six holes sent to the lab for analysis the drill program is more than halfway complete with no major issues and staying on budget. The geological crew at APEX and the drillers at New Frontier drilling have executed professional work with indications that drilling has intersected mineralization. Bolo has many Carlin type characteristics and is located in an under-explored area of Nevada. The RC drill samples sent for assay are displaying encouraging signs of mineralization.”

Image #1

Drill-hole #1 cloth sample bags, drying prior to shipment to the lab. Distinctive iron-oxide minerals diagnostic of mineralized zones are evident in multiple bags.

About Barrian Mining Corp.

Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully funded and permitted for its current drill program. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”.

Qualified Person

The scientific and technical information contained in this news release as it relates to the Bolo Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of Barrian and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosurefor Mineral Projects.

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Max Sali, Chief Executive Officer & Director
Tel:(604) 620-8406
Email: info@barrianmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the ongoing and future drill programs at Bolo, expectations of the drill results, other statements relating to the technical, financial and business prospects of the Company, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation, exchange rate fluctuations, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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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. Stock Trends Report 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.