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Copper Lake Resources: VTEM Plate Modelling at Marshall Lake Confirms 3 Drill Ready Copper-Zinc-Silver-Gold Targets
TORONTO, ONTARIO--(Marketwired - Feb. 7, 2017) - Copper Lake Resources Ltd. (TSX VENTURE:CPL)(FRANKFURT:W0I) ("Copper Lake" or the "Company") is pleased to anno
About this update from Copper Lake Resources Ltd.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Feb. 7, 2017) - Copper Lake Resources Ltd. (TSX VENTURE:CPL)(FRANKFURT:W0I) (\"Copper Lake\" or the \"Company\") is pleased to announce the Company has completed new plate modelling of VTEM surveys and outlined 6 plate anomalies in the core Marshall Lake area. The Company has reviewed the 6 modelled plate anomalies and will focus on 3 which have significant adjacent historical massive sulphide drill intercepts. Highlights: VTEM-001 modelled plate at Billiton South is located down dip of hole MAR-07-11 which: Intersected 10.20m @ 1.25% Cu, 1.04% Zn, 56g/t Ag & 0.04g/t Au from 115.0m Including 4.00m @ 1.93% Cu, 1.73% Zn, 86g/t Ag & 0.07 g/t Au from 124.0m VTEM-003 modelled plate at Teck Hill South was intersected by hole TK-08-09 which: Intersected 4.25m @ 3.79% Cu, 0.27 g/t Au, 38g/t Ag from 93.25m; and 4.70m @ 2.34% Cu, 0.11g/t Au, 25g/t Ag from 106.5m VTEM-002 modelled plate at Gazooma is located down dip of the following drill holes; 4.00m @ 1.73% Cu, 0.27g/t Au, & 34g/t Ag in hole GAZ-07-10 from 89.0m 3.00m @ 1.88% Cu, 0.62g/t Au, & 42g/t Ag in hole GAZ-10-15 from 127.0m 10.00m @ 1.18% Cu, 0.26g/t Au, & 28g/t Ag in hole GAZ-08-12 from 127.0m Copper Lake Interim CEO Terry MacDonald stated that, \"The 2016 VTEM plate modelling program resulted in 6 key VTEM plate anomalies. Review of the modelled plates in collaboration with the newly compiled historical drilling database has shown that 3 of modelled VTEM plates (VTEM-001, VTEM-002 and VTEM-003) have adjacent historical drill holes which intersected significant copper-zinc-silver-gold mineralization. The 3 selected plates all remain open at depth and present themselves as drill ready targets. It is the Company's intention to drill test these high priority targets as soon as possible and we currently have a plan to conduct a drilling program that will consist of a minimum of 3,000 metres of drilling.\" 2016 Database Compilation work During 2016 Copper Lake completed a data base compilation of all historical exploration work on the Marshall Lake project area including drilling, surface sampling and geophysical VTEM, IP and magnetic surveys. This compilation and interpretation resulted in the plate modelling of 6 VTEM anomalies within the core Marshall Lake area. The compilation and review of historical drilling has shown that 3...