Copper Lake Resources Ltd. · TSXV:CPL
Copper Lake Resources — Investor Presentation (May 2022)
20 slides from Copper Lake Resources's investor presentation, May 2022
Slide 1: Marshall Lake Zinc-Copper-Silver VMS Property, Ontario – 'On the Verge of Discovery'
Marshall Lake Zinc-Copper-Silver VMS Property, Ontario ‘On the Verge of Discovery’ May 2022 | TSX.V: CPL OTCPINK: WTCZF
Slide 2: Forward-Looking Statements
FORWARD‐LOOKING STATEMENTS Some of the statements in this presentation, other than statements of historical fact, are “forward‐looking statements” and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions
Slide 3: Why Copper Lake?
Why Copper Lake? • New VTEM/Deep IP discovery at Marshall Lake yields 4.67% Copper‐Equivalent over 11.87 metres (including 12.44% Copper‐Equivalent over 2.67 metres & 4.67% Copper‐ Equivalent over 2.59 metres) • Experienced, professional management team with a proven track record in mineral explorat
Slide 4: Why Copper, Zinc, Nickel, Palladium & Platinum?
Why Copper, Zinc, Nickel, Palladium & Platinum? All are strategic metals in increasing demand that support the coming EV revolution Copper: • Motors for electric batteries and hybrids, expanding electricity infrastructure • Recent price: US$4.66 per lb. Zinc: • After copper, aluminum and iron, zinc
Slide 5: Marshall Lake VMS Copper-Zinc-Silver Project
Marshall Lake VMS Copper‐Zinc‐Silver Project • Property is 22 km north of CN rail, 310 km NE of Thunder Bay • Approximately 220 sq km in size • Road accessible year‐round • Numerous copper‐zinc‐ silver massive sulphide & copper‐rich stringer occurrences located at surface and in drilling suggestive
Slide 6: Marshall Lake – Claim Map & Ownership
Marshall Lake – Claim Map & Ownership Property comprises over 100 square kilometres • Mining leases and mineral claims in blue are 75%‐owned by Copper Lake Resources Ltd. & 25% by Rainy Mountain Royalty Corporation • Mineral claims in yellow are 100%‐ owned by Copper Lake • Key exploration targets l
Slide 7: Geology, Mineral Occurrences & VTEM Anomalies
Geology, Mineral Occurrences & VTEM Anomalies • Property well endowed with numerous Cu‐Zn‐Ag occurrences highlighted by the Main Billiton Zone (Billiton deposit) • Priority exploration targets for drilling are the new VTEM/Deep IP discovery, the Deeds Island target and the Billiton Cu‐Zn‐ Ag deposit
Slide 8: Deep IP Target – Chargeability & Resistivity Plan Maps
Deep IP Target – Chargeability & Resistivity Plan Maps • Large, strong IP anomaly (chargeability high & resistivity low) occurs at a depth of 150 to 450 metres below surface to the SSE of Billiton Cu‐Zn‐Ag massive sulphide deposit www.copperlakeresources.com TSX.V: CPL 8
Slide 9: New VTEM/Deep IP Discovery – Plan Map
New VTEM/Deep IP Discovery – Plan Map New VTEM/Deep IP Discovery • Deep IP target has dimensions of 800 X 300 X 300 metres & is situated adjacent and below the Billiton massive sulphide deposit • New VTEM/Deep IP Discovery was intersected in 2 drill holes, Mar‐21‐03 & Mar‐22‐01 • Upcoming Borehole E
Slide 10: New VTEM/Deep IP Discovery – 3D Depiction
New VTEM/Deep IP Discovery – 3D Depiction • Mar‐21‐03 testing a VTEM conductor intersected 4 zones of base & precious metal mineralization yielding high‐grade assays • Mar‐22‐01, a deeper hole testing the deep IP target intersected 4 zones of heavily disseminated to semi‐massive chalcopyrite, pyrite
Slide 11: New VTEM/IP Discovery: Mar-21-03
New VTEM/IP Discovery: Mar‐21‐03 Stringer to semi‐massive chalcopyrite, pyrite & sphalerite in strong biotite‐chlorite‐silicic‐actinolite alteration in dacitic volcaniclastic rocks Hole No. From To Length % Cu % Pb %Zn Ag Au %CuEQ1 %ZnEQ1 (m) (m) (m) (g/tonne) (g/tonne) Mar‐21‐03 47.33 48.05 0.72 1.
Slide 12: New VTEM/Deep IP Discovery: Mar-22-01
New VTEM/Deep IP Discovery: Mar‐22‐01 Heavily disseminated to semi‐massive chalcopyrite, sphalerite & pyrite in strongly altered dacitic tuffs • Mar‐22‐01 was the first drill hole to test the Deep IP target • Intersected 4 zones of base‐metal sulphides over 6.85, 2.15, 2.11 & 1.95 metres, respective
Slide 13: Deep IP Anomaly Discovery – BHEM Conductor Plates
Deep IP Anomaly Discovery – BHEM Conductor Plates • 3 of the 4 drill holes completed on the Mar2103_B Deep IP/VTEM discovery were Billiton VMS Deposit 25 X 25 Metres 350 Siemens successfully surveyed by BHEM 12.44 CuEQ/2.67M • All of Mar‐21‐01, Mar‐21‐03 and Mar‐ Mar‐21‐03 4.67 CuEQ/2.59M 22‐02 deli
Slide 14: Deeds Island Target – High Priority Drill Target
Deeds Island Target – High Priority Drill Target Coincident Zn geochemical anomaly (1 km‐long) and extensive garnet‐actinolite alteration zone • Airborne EM conductors are closely associated with the geochemical anomaly & alteration zone • Gravity survey reveals a 0.25 milligal residual anomaly (200
Slide 15: Billiton VMS Deposit – Longitudinal Section
Billiton VMS Deposit – Longitudinal Section Long section of Billiton Deposit clearly shows easterly‐raking massive sulphide shoots or lenses • The deposit is open down‐plunge to the east at relatively shallow depth (‐150 to ‐300 5.20% Zn, 1.17% Cu, 0.12% Pb, metres below surface) 59.60 g/t Ag & 0.03
Slide 16: Billiton Zone - Selected Historical Drill Results
Billiton Zone‐ Selected Historical Drill Results Hole No.1 From (m) To (m) Length Cu (%) Zn (%) Ag (g/t) CuEq Au (g/t)3 (m) (%)2 GGM‐78‐230 50.85 58.23 7.38 2.97 10.98 219.73 7.86 0.34 Imperial Oil Ltd. 1978 Incl. 50.85 52.50 1.65 5.50 31.50 320.18 17.29 0.34 GGM‐77‐154 83.99 90.09 6.10 1.89 4.03 14
Slide 17: Marshall Lake – Next Steps for Spring/Summer of 2022
Marshall Lake – Next Steps for Spring/Summer of 2022 DIAMOND DRILLING: Priority 1 – Additional diamond drilling at the VTEM/Deep IP discovery following up on the results of the BHEM surveys in efforts to expand on the limits & enlarge the base & precious‐metal bearing system Priority 2 ‐Initial dril
Slide 18: Directors & Management
Directors & Management Terry MacDonald, CPA, CA, Director and CEO, • Terry is a Chartered Professional Accountant with over 30 years’ experience in financial and resource sectors, with a focus on capital markets, mergers and acquisitions and restructuring. Donald Hoy, M.Sc., P. Geo, Vice President E
Slide 19: Capital Structure (as at December 31, 2021)
Capital Structure (as at December 31, 2021) Shares Issued 195,432,429 Insider Ownership Options @ $0.063 15,850,000 Management and Directors 18.8% Warrants ($0.05 to $0.10) (exp. May 2022 – May 27,783,238 2023) Other Closely Held 43.5% Shares Fully Diluted 239,065,667 Total 62.3% Market Cap (based o
Slide 20: Contact Us
Contact Us Terry MacDonald, CEO T: +1‐416‐5613626 E: tmacdonald@copperlakeresources.com Social Media: @lake_copper @CopperLakeResources @Copper Lake Resources Ltd. www.copperlakeresources.com TSX.V: CPL 20
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