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Copper Lake Resources Drilling Yields 8.69% Zinc-Equivalent Over 4.90 Metres and 8.03% Zinc-Equivalent Over 3.00 Metres at Marshall Lake Copper-Zinc-Silver-Gold VMS Property, Northern Ontario
TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCFZ) (“Copper Lake” or the “Company”) is pleased to re
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":" TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCFZ) (“Copper Lake” or the “Company”) is pleased to report encouraging initial assay results from its ongoing diamond drilling program, being undertaken on its Marshall Lake copper-zinc-silver-gold volcanogenic massive sulphide (VMS) property (the “Property”), located northeast of Thunder Bay, Ontario. The primary focus of the current 3,000 metre drill program is a large, untested Induced Polarization (IP) anomaly (“deep IP target”), with a secondary focus on the Billiton deposit and other base-metal occurrences on the Property that have seen minimal to no historic drilling. The highlight of the recent drilling was the recognition of a new copper-zinc mineralized zone parallel to the main Billiton Zone. Drill Results The initial drill hole completed in the current program, Mar-21-01, tested the Billiton deposit (historic resource of 2.2 MT at 4.2% zinc, 1.3% copper and 2.5 opt Ag1) between two widely spaced shallow historic drill holes. The deposit was intersected at a vertical depth of approximately 70 metres, yielding an intercept of 5.26% zinc, 1.17% copper, 0.12% lead, 59.65 g/t silver and 0.03 g/t gold (8.69% ZnEQ) over a core length of 4.90 metres. This intercept confirms both the tenor and width of base and precious-metal mineralization, obtained in the historical drilling, testing the Billiton deposit. Deeper in the hole, at a vertical depth of 170 metres, a second parallel zone of significant base-metal mineralization was intersected yielding 6.54% zinc, 0.40% copper, 0.08% lead, 41.50 g/t silver and 1.06 g/t gold (8.03% ZnEQ) over a core length of 3.00 metres. Both zones comprise heavily disseminated to locally banded sphalerite, chalcopyrite and pyrite within intense biotite-chlorite altered, coarse-grained felsic volcaniclastic rocks. Intersected widths of mineralization are thought to be close to true widths. The deeper zone is of particular interest, in that it confirms the potential for the existence of a parallel zone of base-metal mineralization to the known Billiton deposit. Additional drilling and bore-hole EM surveying are clearly warranted, to determine the extent of this new zone of base-metal mineralization. The presence of stacked sulphide lenses would increase the mineral inventory and enhance the e...