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Be the first with the news that moves the market- Copper Lake Resources (CPL) has launched a field work program at its Marshall Lake copper-zinc-gold project in Ontario
- Exploration will focus primarily on the Billiton Main Zone, which will be the subject of in-depth geological mapping and sampling
- Field work will also focus on newly staked claims that were added through a survey conducted by Aster Funds
- The program comes ahead of a drill program, which is expected to begin in September
- Copper Lake Resources (CPL) is currently steady at 2.5 cents per share
Copper Lake Resources (CPL) has launched a field work program at its Marshall Lake copper-zinc-gold project in Ontario.
Located 250 kilometres northeast of Thunder Bay, the Marshall Lake Project covers 104 square kilometres, consisting of 148 wholly owned claims which make up approximately 30 square kilometres of the property.
Copper lake currently holds a 75 per cent interest in the project, but this may be increased to 87.5 per cent.
The program will focus primarily on the Billeton Main Zone to the north of the property, which will be the subject of in-depth geological mapping and sampling in preparation for a September drill program.
A significant amount of previous drilling work has been undertaken at the Billiton Main Zone, resulting in a number of high-grade intercepts. These results point to a significant amount of copper and zinc content, and particularly silver, with several intercepts over 300 grams per tonne and two in excess of 420 grams per tonne.
Copper lake also intends to carry out field work at a set of newly staked claims which were added based on the results of a Spectral Analysis Survey completed by Aster Funds in July, 2020.
These claims lie adjacent to the eastern and northern borders of the Marshall Lake Project, and include a number of new copper and zinc targets.
Terry MacDonald, CEO of Copper Lake Resources, said he is very excited to be moving forward with the preparation for the upcoming drill program.
“Almost all of the historic drill holes at Marshall Lake have been quite shallow, with very few holes over 150 metres in vertical depth.
“We are planning to drill deeper to 500 metres where mineralisation remains open in multiple directions and as yet untested,” he added.
Copper Lake Resources (CPL) is currently steady at 2.5 cents per share at 10:29am EDT.
