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     477  0 Kommentare Crystal Exploration Inc. Acquires Diamond & Gold Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 30, 2017) - CRYSTAL EXPLORATION INC. (the "Company" or "Crystal") (TSX VENTURE:CEI) (OTCQB:CYRTF) is pleased to report a 100% project acquisition that contains the potential for diamond bearing kimberlites along with historical gold occurrences. The Project contains targets that require interpretation and ground geophysical surveying to isolate new priority kimberlite targets. The Project is near Crystal's 100% owned Muskox, Contwoyto and Hood Projects located in Nunavut, Canada.

    The Project holds 4 gold occurrences named A3, FIN, Shallow Bay and Butterfly/Dune Gold. Each of the gold occurrences contains significant results from historical exploration. Highlights from historical exploration include:

    • 63.09 grams per tonne gold ("g/t Au") over 4.86 meters ("m") (Butterfly/Dune gold occurrence; Drill hole 87-13 drilled by Cominco Ltd. 1987);
    • 20.11 g/t Au over 4.55 m (Butterfly/Dune gold occurrence; Drill hole 93-01 drilled by Echo Bay Mines 1993);
    • 38.35 g/t Au over 2.47 m (A3 Gold occurrence; Drill hole A-93-03 drilled by Echo Bay Mines 1993);
    • 11.58 g/t Au over 3.05 m (FIN Gold occurrence; Drill hole F-93-12 drilled by Echo Bay Mines 1993); and
    • 35.19 g/t Au over 3.6 m (Shallow Bay Gold occurrence; Drill hole S-3-84 drilled by Bow Valley Industries Limited 1984).

    The A3, Fin and Butterfly/Dune gold occurrences are hosted in banded iron formation ("BIF") and the Shallow Bay gold occurrence is hosted in a quartz stockwork. All the gold occurrences have not been the subject of modern day exploration and have horizontal loop electromagnetic conductors ("HLEM") both adjacent and along strike which require follow-up exploration.

    Historic exploration was focused on magnetic high signatures with associated HLEM responses. New exploration methods for iron formation-hosted gold that incudes Spectral Induced Polarization ("IP") surveys has not been applied at the Project.

    Diamond bearing potential at the new project is evidenced by a recent High Resolution Airborne Magnetic Survey by Fluxgeo (1993) that identified 5 high priority kimberlite targets which require follow-up prospecting, sampling and ground geophysical surveying. During 2003, regional till samples recovered kimberlite indicator minerals including pyrope garnets, eclogitic garnets, chrome diopside, olivine, chromite and Ilmenite which require follow-up.

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    Crystal Exploration Inc. Acquires Diamond & Gold Project VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 30, 2017) - CRYSTAL EXPLORATION INC. (the "Company" or "Crystal") (TSX VENTURE:CEI) (OTCQB:CYRTF) is pleased to report a 100% project acquisition that contains the potential for diamond bearing …