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Copper Lake Resources Provides Corporate Update
TORONTO, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V:CPL) (Frankfurt:W0I) (“Copper Lake” or the “Company”) is pleased to provide an upd
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":"TORONTO, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V:CPL) (Frankfurt:W0I) (“Copper Lake” or the “Company”) is pleased to provide an update on the company’s recent activities and upcoming plans. Corporate Strategy Following the appointment of the new Board of Directors and Management in March 2016, the Company’s objectives were set as follows: Compile a complete database of drill results and geology for the Company’s core Marshall Lake property; Consolidate the ownership of the Marshall Lake property; Position the Company to take advantage of its copper/zinc/nickel/cobalt assets when the metals market begins to recover, and; Strengthen the financial position of the Company. Marshall Lake Drillhole Database and Geology During 2016 Copper Lake commenced database compilation of all historical exploration work on the Marshall Lake project area, which included in excess of 200 drill holes, surface sampling and geophysical VTEM, IP and magnetic surveys. The compilation and interpretation resulted in the identification of 33 VTEM anomalies, of which 24 were plate modelled. These 24 were then prioritized, resulting in our focusing on six key VTEM anomalies within the core Marshall Lake area. Three of these six modelled plate anomalies have significant adjacent historical massive sulphide drill intercepts and are considered prime targets for drilling. A number of the other anomalies are also identified as potential drilling targets. One of those anomalies is VTEM-004 which is approximately 400 metres to the north of some of the best disseminated mineralized drill results on the property: GAZN-10-10 which intersected 78.0 metres @ 0.42% Cu, 2.05 g/t Ag and 0.09 g/t Au, including 5.0 metres @ 1.89% Cu, 12.04 g/t Ag and 0.70 g/t Au; GAZN-10-11 which intersected 32.6 metres @ 1.04% Cu, 5.13 g/t Ag and 0.15 g/t Au, including 1.0 metres @ 9.32% Cu, 49.8 g/t Ag and 1.12 g/t Au; GAZN-10-15 which intersected 23.0 metres @ 1.34% Cu, 6.75 g/t Ag and 0.29 g/t Au, including 5.0 metres @ 4.08% Cu, 20.6 g/t Ag and 1.12 g/t Au; RMZ-10-15 which intersected 23.0 metres @1.34% Cu, 6.70 g/t Ag, 0.28 g/t Au RMZ-13-40 which intersected 43.0 metres @1.38% Cu, 5.40 g/t Ag, 0.04 g/t Au RMZ-13-41 which intersected 70.0 metres @0.56% Cu, 2.70 g/t Ag, 0.03 g/t Au The drill holes listed within the vicinity of VTEM-004 in the Gazooma Nor...