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Copper Lake Resources Ltd. V.CPL

Alternate Symbol(s):  WTCZF

Copper Lake Resources Ltd. is a metals exploration company. It is focused on acquiring, exploring, and developing exploration and evaluation assets in Canada. Its portfolio includes the Marshall Lake VMS Copper, Zinc and Silver property west of Lake Nipigon and the Ring of Fire Norton Lake Nickel, Copper, Cobalt, Palladium and Platinum property both located in Northwest Ontario. It holds 79.45% interest in the Marshall Lake VMS Copper Gold Project. The Marshall Lake VMS Copper Gold Project is located approximately 250 kilometers (km) north-northeast of Thunder Bay, Ontario. The property consists of 43 mineral claims (539 claim units) with an area of 8,864 ha and 89 mining leases with an area of 1,566.17 hectares, for a total land position of 10,430.17 hectares. The Norton Lake property is located about 50 km northeast of Fort Hope, Ontario and about 400 km northeast of Thunder Bay, Ontario, Canada. The Norton Lake property consists of 32 claims covering approximately 8,800 hectares.


TSXV:CPL - Post by User

Comment by javaman12on Apr 24, 2024 10:47pm
38 Views
Post# 36006373

RE:Copper Lake Resources Has Historical Drill Core Surprises!

RE:Copper Lake Resources Has Historical Drill Core Surprises!Just an update to my last post.

In a past press release, the company mentioned that there had been no historical drilling done in proximity to the shallow MT #3 deep conductor. They also mentioned that none of these conductors had been tested by diamond drilling (by Copper Lake Resources/implied).

https://stockhouse.com/news/press-releases/2024/01/30/copper-lake-provides-exploration-update-on-its-marshall-lake-copper-zinc-silver

In the latest press release, we were told that historical drilling data indicated that two holes were once drilled to a depth of 600 meters within a 300 meter proximity to MT #1 conductor.

"...Abitibi Geophysics is currently conducting a borehole electromagnetic (BHEM) survey on MAR-24-02 to provide directional information pointing to more conductive sulphide-bearing material within this large VMS alteration halo. In addition, two historic holes situated within a 300 metre radius from MAR-24-02 (CML-93-10 and ML-95-16) will also be probed. These two drill holes with lengths of 600 metres reported thick intercepts of strong to intense hydrothermal alteration and disseminated base-metal sulphides similar to that seen in MAR-24-02, attesting to the large size of the VMS mineralizing system.

The BHEM survey results should be available by late April..."

https://stockhouse.com/news/press-releases/2024/04/10/copper-lake-provides-update-on-2024-winter-drilling-program-at-marshall-lake

So I am making an assumption that there may be historical drilling results available in regard to the deeper MT conductor #2 that the company could release in a term future press release. The company hasn't indicated that they don't have any such past data available to the best of my knowledge. So they may have some relevent  historical data still available to release! If so, they could release it!
MT conductor #3 is a relatively shallow target which they could drill more easily to test. But MT conductor #2 is a much deeper target much like MT conductor #1. Shareholders might like to better understand the potential mineralization at MT conductor #2 prior to any actual CPL drilling campaign that may be done to test it. So if some historical data exists regarding it, they should release it to the public prior to any present day drilling that may be done in the next few weeks or months to follow.

The company has indicated that the Marshall Lake region sits in a tightly folded VMS terraine. 
"...
Because the Marshall Lake greenstone belt is a tightly folded VMS terrain, it appears that the main Billiton deposit sits on a fold limb, suggesting that the larger deep IP anomaly is located in a fold hinge to the east and down-plunge from the known Billiton deposit. As this is commonly where the larger, thicker deposits are found in folded VMS terrains, the prospects of encountering a much larger sulphide body associated with the deep IP target look very promising.

https://stockhouse.com/news/press-releases/2021/11/29/copper-lake-updates-diamond-drilling-program-on-its-marshall-lake-copper-zinc

The deep IP anomaly is now known to be a heavily mineralized set of narrow plates down dipping towards the deeper MT conductors.
Furthermore, we also now have confirmation that the deeper MT conductor #1 is also mineralized with a yet unknown quantity of copper and zinc (awaiting lab assays).
So it is my belief that the deeper MT conductor #2 could also represent a significant part of any VMS alteration and sulphide zone that may be found below the historical 2 million tonne Billiton stringer zone deposit. It has just been folded further away from the main VMS feeding stringer zones.
Does the company have any pertinent historical data that they could release related to the deeper #2 conductor as well? That is what I would like to know! I am sure that everyone would!

How big will this VMS deposit eventually be determined to be? The copper and zinc mineralization appears to increase, the deeper it goes! Surface geophysics can only read down to a one kilometer depth! But at least the bore hole geophysical analysis can help determine its width!

                              It's hard to remain patient as all the excitement continues to build!
                                              But that's what exploration is all about!
                                                              All the best! Java






 







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