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Copper Lake Resources Commences Winter Drill Program at Marshall Lake Copper-Zinc-Silver VMS Property, Northwestern Ontario
TORONTO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”) is pleased to an
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":" TORONTO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”) is pleased to announce that it has commenced the winter diamond drilling program on its copper-zinc-silver-gold volcanogenic massive sulphide (VMS) property, situated in northwestern Ontario. Terry MacDonald, CEO of Copper Lake commented, “We are very pleased to have this important drill program finally underway. Mobilization of the drill was delayed due to soft ground as a result of heavy snow in recent weeks. The recent cold weather has allowed us to firm up trails and drill pads and now that the drill and crew are in place, we look forward to completing the planned holes in the next several weeks, and are eagerly looking forward to the results.” The first of the drill holes will test the Deep IP discovery, previously identified by diamond drilling and supplemented by bore-hole electromagnetic (BHEM) and large-loop electromagnetic surveys (LLEM), completed in 2022. Drilling by Copper Lake in 2022 yielded high-grade assays at the Deep IP discovery including: 8.13% Cu1, 7.26% Zn, 240.80 g/t Ag & 0.33 g/t Au (13.59% CuEq2) over 2.11 metres 5.81% Cu1, 171.20 g/t Ag & 0.02 g/t Au (10.45% CuEq2) over 1.95 metres 2.37% Cu1, 1.75% Zn, 413.15 g/t Ag & 0.37 g/t Au (7.00% CuEq2) over 6.00 metres, including 2.26% Cu, 2.66% Zn, 1,580 g/t Ag (55.7 oz/t Ag3) & 1.28 g/t Au (18.12% CuEq2) over 1.21 metres Subsequent BHEM and LLEM surveys completed by the Company, delineated a conductive centre consisting of several very strong conductors, situated below and along stratigraphic trend from the high-grade mineralization. The conductive center, approximately 500 metres by 300 metres in extent, is situated below the high-grade mineralization documented above. The size, strength and location of the conductive centre in relation to the high-grade mineralization is very promising and suggests that additional high-grade mineralization may be present in the area surrounding the Deep IP discovery A minimum of five drill holes, each with a minimum length of 600 metres, will test the conductive centre, in efforts to expand on the limits of the high-grade mineralization. Results will be released as they become available. Concurrent with the diamond drilling, additional LLEM surveying will be complet...