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Copper Lake Resources Reports High-Grade Silver Assays in First Deep Hole on New VTEM/Deep IP Discovery at Marshall Lake VMS Property, Ontario
TORONTO, June 23, 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, June 23, 2022 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCFZ) (“Copper Lake” or the “Company”) is pleased to report high-grade silver results from its winter drill program, undertaken on its Marshall Lake copper-zinc-silver-gold volcanogenic massive sulphide (VMS) property (the “Property”), located northeast of Thunder Bay, Ontario. The silver assays reported herein, previously pending, are from drill hole MAR-22-01, the first deep hole drilled on a new discovery known as the VTEM/Deep IP discovery (see Copper Lake news release dated June 14, 2022). Mar-22-01 Drill Results A total of six (6) significant intervals of base and precious metal mineralization were obtained from hole MAR-22-01, with complete assays tabulated below: From(m) To(m) Interval(m) % Cu % Pb % Zn Ag (g/t) Au (g/t) % CuEQ² 137.15 139.25 2.10 0.53 0.28 3.00 26.30 0.02 2.12 236.00 239.00 3.00 1.47 0.01 1.54 50.80 0.02 2.59 272.05 274.20 2.15 2.40 0.04 3.37 190.60 0.22 5.68 298.06 300.17 2.11 8.13 0.05 7.26 240.80 0.33 13.59 311.20 313.15 1.95 5.81 0.01 7.32 171.20 0.02 10.45 368.00 374.00 6.00 2.37 0.01 1.75 413.15 0.37 7.00 Inc. 371.55 372.76 1.21 2.26 0.01 2.66 1,580.00 1.28 18.12 ¹ Analyses completed by Activation Laboratories in Ancaster, Ontario, Ontario utilizing the 1A2 – Fire Assay AA finish, IH INAA (INAAGEO)/Total Digestion (Total) and the UT-7, Sodium Peroxide Fusin (ICP & ICP MS) analytical packages² % CuEQ calculated using metal prices of US$3.87 per lb. for Cu, US$0.89 per lb. for Pb, US$1.65 per lb. for Zn, US$21.39 per oz. for Ag & US$1839.40 per oz. for Au³ Conversion rate: 1 gram/tonne = 0.03527396 ozs/tonne Highlighting the results are 3 high-grade intervals returning 8.13% Cu, 0.05% Pb, 7.26% Zn, 240.80 g/t Ag & 0.33 g/t Au over 2.11 metres as well as 5.81% Cu, 0.01% Pb, 7.32% Zn, 171.20 g/t Ag & 0.02 g/t Au over 1.95 metres. The third interval returned 2.37% Cu, 0.01% Pb, 1.75% Zn, 413.15 g/t Ag & 0.37...