drillbit
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Copper Lake Resources has finalized the company’s exploration plans and priorities for its Marshall Lake Copper-Zinc-Silver Property
  • The property is located 250 km northeast of the City of Thunder Bay, in northern Ontario
  • An ongoing compilation of historic data has identified high-priority targets, for upcoming exploration work
  • Exploration work will be completed during the summer of 2021
  • Copper Lake Resources is unchanged on the day, with shares of the company trading at C$0.05 at 12:21 pm ET

Copper Lake Resources has finalized the company’s exploration plans and priorities for its Marshall Lake Copper-Zinc-Silver Property.

The property is located 250 km northeast of the City of Thunder Bay, in northern Ontario and is accessible by an all-weather gravel road leading from a major highway, providing good access year-round.
An ongoing compilation of historic data has identified high-priority targets, for upcoming exploration work to be completed during the summer of 2021.

A ground electromagnetic (EM) survey will be completed this summer to better locate and define the airborne EM conductors.

The geophysical surveys will be followed-up by a series of diamond drill holes, collectively testing the conductors, the zinc anomaly and the garnet-actinolite alteration zone for the presence of massive sulphides.

“The completion of the MT/IP survey at Marshall Lake is an obvious choice given that this is new technology and that MT has never been completed on the Property. We are confident that the survey will generate several high-quality resistivity targets within the Marshall Mineralized Band that is clearly prospective for the discovery of additional copper-zinc-silver massive sulphide deposits,” said Copper Lake CEO Terry MacDonald.

Copper Lake Resources is a publicly-traded Canadian company currently focused on advancing properties located in Ontario, Canada.

The Marshall Lake high-grade VMS copper, zinc, silver and gold property, located just north of Geraldton, Ontario, comprises an area of approximately 104 square km and is accessible by an all-season road. Copper Lake has an option to increase its interest to 87.5 per cent from its current 75 per cent interest.

In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company and are not subject to any royalties.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.