Copper Lake Resources Ltd. · TSXV:CPL
Copper Lake Resources — Shareholder Meeting (October 2022)
18 slides from Copper Lake Resources's shareholder meeting presentation, Oct 20, 2022
Slide 1: On the Verge of Discovery
Marshall Lake Zinc-Copper-Silver VMS Property , Ontario ‘On the Verge of Discovery’ Annual General Meeting, Toronto, Ontario October 20, 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 high-grade base & precious metal VMS discovery at Marshall Lake, Ontario Geophysics has outlined strong conductors closely associated with high-grade mineralization that offer excellent potential for expansion Diamond drilling and additional geophysics to be completed this fall
Slide 4: Copper Lake Properties, Wabigoon Belt
COPPER LAKE PROPERTIES, WABIGOON BELT Closest Analogue for Marshall Lake are Sturgeon Lake VMS Deposits - Marshall Lake & Sturgeon Lake situated in the Wabigoon Greenstone Belt - 5 separate deposits mined – total of 18 MT at 8.09% Zn, 1.09% Cu, 0.84% Pb, 119.1 g/t Ag & 0.5 g/t Au - Mattabi the large
Slide 5: Copper Lake Properties, Detail Map
COPPER LAKE PROPERTIES, DETAIL MAP Norton Ni-Cu-Co-PGE property - Located in the southern Ring of Fire - Currently fly-in access Marshall Lake Cu-Zn-Ag property 250 km NE of Thunder Bay, Ontario - Road accessible year-round - 22 km from main CN rail line 5
Slide 6: Priority Exploration Target Areas
PRIORITY EXPLORATION TARGET AREAS FALL 2022 Property comprises over 200 square kilometres - Over 200 base & precious metal occurrences - Billiton deposit historic resource of 2.2 MT @ 4.2% zinc, 1.3% copper & 2.5 opt silver - Deep IP Target features high-grade mineralization and is top priority for
Slide 7: Drill Results – Deep IP Target
DRILL RESULTS – DEEP IP TARGET Interval Au Hole No. From (m) To (m) %Cu %Pb % Zn Ag (g/t) %CuEQ Zone (m) (g/t) MAR-21-03 47.33 48.05 0.72 1.18 0.12 5.81 119.00 0.01 4.74 VTEM/Deep IP 64.20 66.87 2.67 5.39 0.06 6.43 315.58 2.22 12.57 VTEM/Deep IP 73.48 76.07 2.59 1.43 0.11 4.13 122.24 0.51 4.67 VTEM/
Slide 8: 3D Depiction of the Deep IP Target & Conductive Centre
3D DEPICTION OF THE DEEP IP TARGET & CONDUCTIVE CENTRE TSX.V: CPL | OTCPINK: WTCZF 8
Slide 9: 3D Depiction of the Deep IP Target & Conductive Centre
3D DEPICTION OF THE DEEP IP TARGET & CONDUCTIVE CENTRE Conductive Centre closely associated with high-grade mineralization (MAR-21-01) Build-up conductor located below Conductive Centre (~500 metres below surface) TSX.V: CPL | OTCPINK: WTCZF 9
Slide 10: 3D Depiction of the Deep IP Target & Conductive Centre
3D DEPICTION OF THE DEEP IP TARGET & CONDUCTIVE CENTRE Build-up conductor appears to be the down-dip extension (easterly dip) of individual conductors situated within the Conductive Centre TSX.V: CPL | OTCPINK: WTCZF 10
Slide 11: Priority Exploration Target Areas – Fall 2022
PRIORITY EXPLORATION TARGET AREAS – FALL 2022 Priority 1 the Conductive Centre located 300M SE of the Billiton deposit Priority 2 conductors (black rectangles) are associated with strong alteration (red & magenta colours) & will be drilled this fall Priority 3 conductors (blue rectangles) need furth
Slide 12: Volcanogenic Massive Sulphide (VMS) Model
VOLCANOGENIC MASSIVE SULPHIDE (VMS) MODEL (A) Simplified model of VMS mineralization features (c) Evidence suggests that the Billiton deposit is the concordant lenses of massive sulphide (pyrite, sphalerite, discordant stringer zone feeding hot metal-bearing chalcopyrite & pyrrhotite) deposited on o
Slide 13: Deeds Island – An Untested High-Quality VMS Target
DEEDS ISLAND – AN UNTESTED HIGH-QUALITY VMS TARGET - Coincident, gravity anomaly (purple shells), EM conductors (green circles), zinc geochemistry anomaly (red contours) & large alteration zone (black dots) in felsic volcanic rocks - Target has never been drilled - Drilling to occur during freeze-up
Slide 14: Moving Forward
MOVING FORWARD Additional ground EM surveying of Fall 2022 drilling of the Priority 2 Priority 3 conductors to help determine conductors that are associated with their orientation and strength strong alteration An initial drill test of the prospective Deeds Island target will be completed during fre
Slide 15: Norton Property
Norton NI 43-101 Compliant Mineral Resource - 2.2 MT at 0.67% nickel, 0.61% copper, - New zone discovered by drilling yielding 0.03% cobalt and 0.46 g/t palladium 0.80% nickel, 1.07% copper & Ni-Cu-C0-PGE - Open at depth for expansion 3.20 g/t palladium over 7.0 metres Property - in-situ value of US
Slide 16: Experienced Proven Team
EXPERIENCED PROVEN TEAM Board: Terry MacDonald Jeffrey Malaihollo Naomi Johnson CEO & Director Director Director 30 years experience in Previous CEO Central China Previous Barrick Gold, corporate financial & resource sectors Goldfields & Bullabulling Gold responsibility executive Paul McGroary Donal
Slide 17: Capital Structure (as at August 31, 2022)
CAPITAL STRUCTURE (AS AT AUGUST 31, 2022) Shares Issued 216,913,985 Options @ $0.063 15,100,000 Warrants ($0.10-0.15) (exp. May 2023 - August 2025) 32,966,840 Shares Fully Diluted 239,949,711 Market Cap (based on $0.07) $15.2 M 52 Week Range (TSXV) $0.04 - $0.21 Working Capital at August 31, 2022 $1
Slide 18: Contact
Terry MacDonald, CEO CONTACT T: +1-416-5613626 E: tmacdonald@copperlakeresources.com W: www.copperlakeresources.com lake_copper CopperLakeResources Copper Lake Resources Ltd.
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