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Copper Lake Confirms Gold Mineralization at Billiton Main VMS Prospect on the Marshall Lake Project
TORONTO, ONTARIO--(Marketwired - Jan. 11, 2017) - Copper Lake Resources Ltd. (TSX VENTURE:CPL)(FRANKFURT:W0I) ("Copper Lake" or the "Company") is pleased to ann
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Jan. 11, 2017) - Copper Lake Resources Ltd. (TSX VENTURE:CPL)(FRANKFURT:W0I) (\"Copper Lake\" or the \"Company\") is pleased to announce that the Company has completed a channel sampling, mapping, core assaying and prospecting program over the Billiton Main VMS prospect area within the Marshall Lake project area during the 2016 field program. Highlights: Channel sampling at Billiton Main Prospect yields: Up to 2.36 g/t Au, 60 g/t Ag, 1.61% Cu, and 4.20% Zn over 0.60m Up to 0.64 g/t Au, 286 g/t Ag, 3.05% Cu and 5.60% Zn over 0.80m Core assays from previous drilling at the Billiton Main Prospect of up to 28.70 g/t Au, 271 g/t Ag, 3.43% Cu and 6.05% Zn Grab samples from regional prospecting of up to 0.96 g/t Au, 23 g/t Ag and 1.15% Cu at the VTEM-005 target Grab sampling of up to 4.05% Zn from the VTEM-008 target Copper Lake Interim CEO Terry MacDonald stated that \"The 2016 compilation program has outlined a number of new gold targets. Subsequent prospecting, channel sampling and the assaying of historical core has confirmed the presence of significant gold mineralization in a number of new zones over a wide area within the Marshall Lake property as well as significant gold assays from the historically tested Cu-Zn Billiton Main target. The presence of gold mineralization, hitherto unrecognized, as well as the known Cu-Zn mineralization associated with the VMS system will be the focus of our exploration program in the coming months\". During 2016 Copper Lake completed a data base compilation of all historical exploration work on the Marshall Lake project area including drilling, surface sampling and geophysical VTEM, IP and magnetic surveys. The compilation and interpretation completed resulted in the out-lining of a number of VTEM anomalies and several gold mineralized structures as well as geological zones not previously explored. The compilation outlined a zone of gold mineralization within the Cu-Zn VMS Billiton Main Zone. The 2016 field program conducted in October and November was designed to test the potential of gold mineralization at the Billiton Main Zone with channel sampling as well as the re-assay of historical drill core not previously assayed as well as the ground truth a number of VTEM anomalies defined. The 2016 field program included the collection of 42 samples from 8 continuous ...