Crystal Acquires Historical Data & Unsampled Drill Core
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/02/15 -- CRYSTAL EXPLORATION INC. (the "Company" and "Crystal") (TSX VENTURE: CEI) is pleased to announce the acquisition of historical data related to its diamond projects in Nunavut, Canada. The data includes 22 drill holes intersecting kimberlite from 2006 that were not previously sampled and processed from the Muskox diamond bearing kimberlite pipe.
Digital Data
The data package was acquired from a private vendor and included historical work conducted from 1993 to 2008 by De Beers Canada, Tahera Diamond Corp, Kennecott and Ashton Mining. Digital data related to Crystal's Prospecting Permits contains:
Drill Core & Samples
Drill core and float samples with respective UTM coordinates have been secured at Crystal's storage facility located near Edmonton, Alberta, Canada. Within the Muskox kimberlite twenty two (22) drill holes were not previously processed for diamond content. The non-sampled drill holes were completed in 2006 through the Muskox kimberlite pipe as part of an infill drill program. The Crystal team is now examining sampling or mini-bulk sampling options as a source of new information for the Muskox pipe. A historical report completed by Mineral Services Canada in 2005 proposed diamond grades at the Muskox pipe for the MKU-A unit subset was between 0.82 and 1.65 carats per tonne. Crystal is investigating new geological understanding and process optimization techniques to confirm the Mineral Services work that was overlooked during previous bulk sampling programs.
Advanced Exploration
President and CEO, Jim Greig commented, "This valuable acquisition enables the Crystal team to leverage all historical work with new modern techniques and with improved geological oversight. Total previous work expenditures across our three project areas is in excess of $50 million. The data and core will allow Crystal to define new kimberlite targets and re-evaluate previous diamond bearing discoveries like the Muskox pipe. Our 100% owned tenements with exceptional projects and new targets will position Crystal is an advanced explorer."
To view Muskox & Contwoyto Project Locations please click on the following link:
About Crystal Exploration Inc.
Crystal is a Canadian mineral exploration company with Common shares listed for trading on the TSX Venture Exchange. Crystal is backed by proven and seasoned resource sector professionals who have a track record of advancing exploration projects from grassroots through to production scenarios. The technical content of this news release have been reviewed and approved by Dean Besserer, P.Geol. the Technical Advisor of the Company and a Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Jim Greig, President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Crystal Exploration Inc.
Jim Greig
President and Chief Executive Officer
778-788-2745
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Datum: 02.12.2015 - 17:47 Uhr
Sprache: Deutsch
News-ID 437117
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Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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