Source: Copper Lake Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Copper Lake Resources (CPL) has signed a drilling contract with Forages Lamontagne Fortier, based out of Évain, Quebec
  • The contract is for an initial 3,000-metre drilling program on the Deep IP Discovery at its Marshall Lake copper-zinc-silver volcanogenic massive sulphide (VMS) project
  • Mobilization of the drill to the property will likely occur in mid to late December, with drilling commencing in early January 2023
  • Copper Lake Resources Ltd. is a Canadian mineral exploration and development company with interests in two projects, both located in Ontario
  • Copper Lake Resources Ltd. was unchanged at $0.075 at 2 PM ET

Copper Lake Resources (CPL) has signed a drilling contract with Forages Lamontagne Fortier, based out of Évain, Quebec.

The contract is for an initial 3,000-metre drilling program on the Deep IP Discovery at its Marshall Lake copper-zinc-silver volcanogenic massive sulphide (VMS) project.

The primary drill targets at the Deep IP Discovery are in a wet area, and drilling will commence as soon as freeze-up conditions are in effect.

Mobilization of the drill to the property will likely occur in mid to late December, with drilling commencing in early January 2023.

Drilling by Copper Lake in early 2022 yielded a new high-grade VMS occurrence known as the Deep IP discovery.

Subsequent large-loop electromagnetic surveys (LLEM) and borehole EM surveys completed by Copper Lake delineated a conductive centre consisting of strong to very strong conductors.

The conductive centre, approximately 500 metres by 300 metres in extent, is closely associated with and largely sits below the high-grade mineralization.

The size, strength and location of the conductive centre in relation to the high-grade mineralization are very promising and suggest that additional high-grade mineralization may be present in the surrounding locale of the Deep IP discovery.

The LLEM survey also yielded an interesting build-up conductor situated at a depth of 500 metres below surface.

It appears to be the down-dip extension of the conductive centre that significantly increases the prospective target area for potential massive sulphide mineralization.

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

Copper Lake Resources Ltd. was unchanged at $0.075 at 2 PM ET.


More From The Market Herald

" From corporate launch to upcoming initial resource estimate, here’s one of 2022’s top lithium performers

Lithium Ionic Corp. has been hailed as the multi-billion-dollar blueprint next door by analysts.

" Successful gold explorer makes NEW polymetallic discovery

Northstar Gold has been making headlines over the past couple of years advancing its high-grade flagship Miller Gold Property.

" @ the Bell: Growth-sensitive stocks fluctuate on mega jobs report

Canada’s main stock index ended on the higher side of flat on Friday trading as strength in the energy and technology sectors was weighed against

" Aimia (TSX:AIM) sells $7.36M in shares to Mithaq Capital

Aimia (AIM) has sold approximately $7.36 million of its common shares to investor company Mithaq Capital SPC.