Copper Lake Resources Ltd. · TSXV:CPL
Copper Lake Resources — Metals Investor Forum, Vancouver 2022
18 slides from Copper Lake Resources's conference presentation, September 2022
Slide 1: On the Verge of Discovery
Marshall Lake Zinc-Copper-Silver VMS Property, Ontario ‘On the Verge of Discovery’ Metals Investor Forum, Vancouver, BC September 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
Slide 4: Copper Lake Properties, Location Map
Copper Lake Properties, Location Map Marshall Lake Cu- Zn-Ag property 250 km NE of Thunder Bay, Ontario • Road accessible year-round • 22 km from main CN rail line Norton Ni-Cu-Co- PGE property • Located in the southern Ring of Fire • Currently fly-in access www.copperlakeresources.com TSX.V: CPL 4
Slide 5: Marshall Lake VMS Property, Wabigoon Belt
Marshall Lake VMS Property, Wabigoon Belt Closest Analogue for Marshall Lake are Sturgeon Lake VMS Deposits Marshall Lake VMS Property • Marshall Lake & Sturgeon Lake situated in the Wabigoon Greenstone Belt Sturgeon Lake • 5 separate deposits mined – total VMS Deposits of 18 MT at 8.09% Zn, 1.09% C
Slide 6: Priority Exploration Target Areas – Fall 2022
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 fo
Slide 7: Drill Results – Deep IP Target
Drill Results – Deep IP Target Hole No. From (m) To (m) Interval %Cu %Pb % Zn Ag (g/t) Au (g/t) %CuEQ Zone (m) 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: Conductive Centre & High-Grade Intercepts – Deep IP Target
Conductive Centre & High-Grade Intercepts – Deep IP Target • Ground and bore-hole electromagnetic surveys outline a conductive centre of strong to very strong conductors (600 X 300 metres) close to high-grade mineralization www.copperlakeresources.com TSX.V: CPL 8
Slide 9: Conductive Centre & High-Grade Intercepts – Deep IP Target
Conductive Centre & High-Grade Intercepts – Deep IP Target • Conductive centre at depth of 300 metres below surface & is north-trending • Strong to very strong conductors have not been drilled & are primary targets www.copperlakeresources.com TSX.V: CPL 9
Slide 10: Conductors Associated With VMS Alteration
Conductors Associated With VMS Alteration 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 11: Volcanogenic Massive Sulphide (VMS) Model
Volcanogenic Massive Sulphide (VMS) Model Massive Sulphide Deposit Seafloor Massive Sulphide Deposit Stringer Zone Stringer Zone A (after Franklin 1993) B (after Franklin 1993) A: Simplified model of VMS mineralization features concordant lenses of massive sulphide (pyrite, sphalerite, chalcopyrite
Slide 12: VMS Model for Marshall Lake
VMS Model for Marshall Lake Massive Sulphide Deposit Stringer Zone Massive Sulphide Deposits? Stringer Zone C (after Franklin 1993) D D: Evidence suggests that the Billiton deposit is the discordant stringer zone feeding hot metal- bearing fluids to the seafloor • Strong alteration (red & magenta co
Slide 13: Deeds Island – An Untested High-Quality VMS Target
Deeds Island – An Untested High-Quality VMS Target 400 Metres • 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 durin
Slide 14: Moving Forward
Moving Forward ✓ At least 4 to 6 drill holes (600 metres in depth for each) will test the high-priority Conductive Centre for its potential to host high-grade massive sulphide ✓ Drilling of the Conductive Centre to commence during freeze-up, due to wet marsh conditions and challenging logistics – li
Slide 15: Norton Ni-Cu-Co-PGE Property
Norton Ni-Cu-C0-PGE Property CATEGORY TONNES NI (%) CU (%) CO (%) PD (G/T) NI 43-101 Compliant Mineral Measured 1,769,721 0.67 0.61 0.03 0.46 Resource Indicated 488,933 0.67 0.61 0.03 0.47 Totals 2,258,654 0.67 0.61 0.03 0.46 • 2.2 MT at 0.67% nickel, 0.61% Lbs of Metal 33,353,092 30,366,248 1,493,4
Slide 16: Experienced Proven Team
Experienced Proven Team Board: Terry MacDonald CEO & Director - 30 years experience in financial & resource sectors Paul McGroary CFO & Director - Entrepreneur & seed investor for Marshall Lake project Donald Bubar Director - Founder of Avalon Metals, previous VP Exploration Aur Res. Jeffrey Malaiho
Slide 17: Capital Structure (as at August 31, 2022)
Capital Structure (as at August 31, 2022) Shares Issued 216,913,985 Insider Ownership Options @ $0.063 15,100,000 Management and Directors 12.1% Warrants ($0.10-0.15) (exp. May 2023 - August 2025) 32,966,840 Other Closely Held 27.7% Shares Fully Diluted 239,949,711 Total 39.8% Market Cap (based on $
Slide 18: 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 18
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