- Copper Lake Resources (CPL) has released an update on its diamond drill program at the Marshall Lake project
- Recent drilling was focused on a large IP anomaly and intersected two alteration zones at shallow depths
- Future drill holes Mar-22-01 and Mar-22-02 will test the heart of the deep IP target
- The company will also focus on the Deeds Island target in 2022 drilling, following a gravity survey across the target
- Copper Lake is a Canadian mineral exploration and development company
- Shares in Copper Lake Resources (CPL) are up 7.69 per cent, trading at $0.14 per share
Copper Lake Resources (CPL) has released an update on its diamond drill program at the Marshall Lake project.
Marshall Lake, located northeast of Thunder Bay, Ontario, is a high-grade copper, zinc, silver, and gold project that covers 104 square kilometres.
Recent drilling was focused on a large IP anomaly that was previously untested. One hole, Mar-21-03, has so far intersected two alteration zones at shallow depths that hint at massive sulphides at a greater depth.
When drilling paused for the holidays, Mar-21-03 had reached 112 metres and will be a priority for completion when drilling resumes.
Once Mar-21-03 is complete, drill holes Mar-22-01 and Mar-22-02 will test the heart of the deep IP target. The deep IP target appears to be situated down-plunge from the Billiton copper-zinc-silver massive sulphide deposit, which contains a historical resource of 2.2 million tonnes at 1.3 per cent copper, 4.2 per cent zinc and 2.5 ounce per tonne of silver.
Copper Lake will also focus on the Deeds Island target in 2022 drilling, where previous exploration indicated an 800-metre long zinc bedrock geochemical anomaly.
A gravity survey at the Deeds Island area will help to prioritize drill targets over the large, prospective anomaly, and will begin with line cutting in the first week of January.
Copper Lake is a Canadian mineral exploration and development company with interests in Ontario.
In addition to Marshall Lake, which includes Sollas Lake and Summit Lake, Copper Lake hold a joint venture interest in the Norton Lake project in the Ring of Fire.
Shares in Copper Lake Resources (CPL) are up 7.69 per cent, trading at $0.14 per share as of 10:01 am EST.