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Copper Lake Resources Ltd. V.CPL

Alternate Symbol(s):  WTCZF

Copper Lake Resources Ltd. is a Canadian mineral exploration and development company with interests in two projects both located in Ontario. The Company's projects include Marshall Lake and Norton Lake. The Marshall Lake high-grade volcanogenic massive sulfide copper, zinc, silver and gold project, comprises an area of approximately 220 square kilometers located 120 kilometers (kms) north of Geraldton, Ontario and is 22 kms north of the main CNR rail line. It has around 82.55% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells that are 100% owned. Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company. It has around 69.79% joint venture interest in the Norton Lake nickel, copper, cobalt, and palladium platinum group metal (PGM) property that is located in the southern Ring of Fire area, approximately 100 kms north of the Marshall Lake Property.


TSXV:CPL - Post by User

Bullboard Posts
Comment by 80waleson Jul 07, 2011 3:47am
418 Views
Post# 18804709

RE: RE: RE: RE: $0.05-80wales

RE: RE: RE: RE: $0.05-80walesYo Dog, I have done and dont really see what the issue is. Yes they dont have a massive amount of cash on hand and also have debt but they are an exploration company (which is therefore to be expected) with two highly prospective properties and also a realtvely low share count in this day and age, ~42million.They also recently did a flow-through financing for the Red Lake property at approx 3 times the current stock price. If historical data from Boxxer Gold is anywhere near accurate and if they start poking around at Laird Lake, which is on trend with the Madsen & Starratt-Olsen Mines (approx 4 & 2 km away respectively), they will not have any problem sourcing financing. Goldcorp have also recently staked right up to their property too. https://www.champlainresources.com/images/red_lake_map.jpg

What are you seeing that I'm not? I'd appreciate your point of view. Cheers.

Bullboard Posts