Copper Lake identifies new priority targets at Marshall Lake

• Copper Lake Resources (TSXV:CPL) released an update on its Marshall Lake copper-zinc-silver volcanogenic massive sulphide (VMS) property in Ontario
• Over the past three years, the team has completed multi-faceted exploration programs focused on the Billiton Zone area of the property and has gained a much greater understanding of the geology, structure, architecture and exploration upside of the VMS system
• During the winter of 2021-2022, the company completed four drill holes testing the southern portion of the large IP anomaly
• Copper Lake Resources stocks (TSXV:CPL) opened trading at $0.035 per share

Copper Lake Resources (TSXV:CPL) released an update on its Marshall Lake copper-zinc-silver volcanogenic massive sulphide (VMS) property in Ontario.

Over the past three years, the team has completed multi-faceted exploration programs focused on the Billiton Zone area of the property and has gained a better understanding of the geology, structure, architecture and exploration upside of the VMS system. The analysis of the most recent drill program identified two priority drill targets – the MT Conductor and the East-West Build-Up Conductor.

Copper Lake’s initial exploration efforts focused on exploring this area, which has a historic, non 43-101 compliant resource of 2.2 MT at 1.3 per cent Cu, 4.2 per cent Zn, and 2.5 oz/t Ag.

During the winter of 2021-2022, the company completed four drill holes testing the southern portion of the large IP anomaly. The best drill hole, MAR-22-01, returned the following results:

• 8.13 per cent Cu2, 0.05 per cent Pb, 7.26 per cent Zn, 240.80 g/t Ag and 0.33 g/t Au over 2.11 metres
• 5.81 per cent Cu, 0.01 per cent Pb, 7.32 per cent Zn, 171.20 g/t Ag and 0.02 g/t Au over 1.95 metres
• 2.37 per cent Cu, 0.01 per cent Pb, 1.75 per cent Zn, 413.15 g/t Ag and 0.37 g/t Au over 6.00 metres, including 2.26 per cent Cu, 0.01 per cent Pb, 2.66 per cent Zn, 1,580 g/t Ag (55.7 oz/t Ag3) and 1.28 g/t Au over 1.21 metres

Eight more holes were drilled during the winter of 2023. Drill hole MAR-23-01 intersected a narrow zone of massive sulphide yielding 0.30 per cent Cu, 13.00 per cent Zn and 390.00 g/t Ag over 0.55 metres as well as 5.66 per cent Cu, 3.01 per cent Zn and 239.00 g/t Ag over 0.30 metres.

A massive sulphide interval occurs at a vertical depth of 370 metres below surface, at the contact between felsic volcanic rocks and sediments. The company called this an encouraging sign, the first indication seen in drilling that exhibits a sedimentary, or exhalative component of the deposit associated with base-metal mineralization, which is frequently seen in VMS deposits.

Terry MacDonald, CEO of Copper Lake, said in a news release that they have gained a much better understanding of the geological structure of the Billiton Zone thanks to this significant new information, with each program giving better targets.

“We now have evidence of a time horizon with sedimentation encountered just above the MT conductor, at a depth of 370 metres. The strongest part of the MT conductor appears to start at a depth of 700 metres, and continues as deep as the MT can see. We are eagerly looking forward to drilling this target. And the new Build-Up Conductor 2 km to the southeast is also very exciting. This conductor follows on the trend line of the stringer zones and is stratigraphically higher in younger rock – the ideal location for a VMS deposit.”

From the summer to autumn of this year, the company is planning an exploration program featuring ground geophysics and diamond drilling to test the new targets generated by the collective exploration efforts completed during the 2021 to 2023 field seasons.

The Marshall Lake property spans an area of 220 square kilometres north of Geraldton, Ontario. The company has a 79.45 per cent interest in the joint ventured property that includes 233 claims and 52 mining leases.

Copper Lake Resources Ltd. is a Canadian mineral exploration and development company with interests in two projects, both in Ontario.

Copper Lake Resources Ltd. opened trading at $0.035 per share. The Toronto-based company’s stock rose more than 14 per cent Wednesday, following the exploration update.

Join the discussion: Find out what everybody’s saying about this stock on Copper Lake Resources’ stock forum, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.