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Copper Lake Initiates Spectral Analysis Survey on the Marshall Lake Property
TORONTO, May 04, 2020 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) ("Copper Lake" or the "Company") is pleased to announce that t
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":" TORONTO, May 04, 2020 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) (\"Copper Lake\" or the \"Company\") is pleased to announce that the Company is proceeding with a Spectral Analysis survey of the Company’s Marshall Lake property and environs. The survey will assist in defining drill targets on the copper-zinc-silver-gold project northeast of Thunder Bay, Ontario, in addition to the potential identification of new targets in previously unexplored areas of the property. The work will be conducted by Aster Funds Ltd. of Toronto, Ontario. The Spectral Analysis survey takes the long wave infrared data from the Terra satellite, and digitally removes water, vegetation, cloud cover, and up to 18m of overburden. The survey then can identify up to 304 separate minerals in abundance on the Marshall Lake property, with sixteen minerals provided in the first coverage agreement with Aster Funds Ltd. Each mineral is classified into a group that has exploration relevance to precious metals deposits, base metals deposits, and industrial minerals deposits. This work will also include a Synthetic Aperture Radar (SAR) survey that takes microwave data from the Sentinel 1 and 2 satellites, and calculates the dielectric constant of conductive bodies in outcrop and at shallow depth on mineral properties. Integration of the Spectral Analysis survey with the SAR survey shows what minerals are likely the sources of the conductive body, which can be used to focus follow-up field exploration. In the case of Marshall Lake, the combination of the two surveys should provide new insights into the geology of the property, and assist in prioritizing drill targets defined by the 2007 VTEM geophysical survey. These surveys are in progress and results are expected by the end of May, 2020 Copper Lake CEO Terry MacDonald commented, “the Aster Funds survey allows the Company to continue low-cost exploration with mapping the entire Marshall Lake property at once, and leveraging our project knowledge from previous successful exploration, which included drill intersections averaging 1.07% copper and 20.1 g/t silver over 25.3m at near-surface in the Gazooma Zone, as discussed in our news release of May 23, 2018 http://copperlakeresources.com/wp-content/uploads/2018/06/CPL-News-Release-18-07.pdf. We are very optimistic that the 2...