- Copper Lake Resources (CPL) continues to advance its 3,000-metre drill program at the Marshall Lake property
- So far, drilling has been focused on testing a large IP anomaly, where drilling intersected two mineralized zones at depth
- With extreme cold temperatures continuing, Copper Lake has decided to temporarily pause diamond drilling until February 7
- Once drilling resumes, holes Mar-22-01 and Mar-22-02 will test the heart of the deep IP target
- The company has commenced an orientation gravity survey over the deep IP target
- Copper Lake is a Canadian mineral exploration and development company with interests in Ontario
- Shares in Copper Lake Resources (CPL) are down 11.11 per cent, trading at $0.12 per share
Copper Lake Resources (CPL) continues to advance its 3,000-metre drill program at the Marshall Lake property.
So far, drilling has been focused on testing a large IP anomaly near the Billiton copper-zinc-silver deposit, with a secondary focus on other base-metal occurrences across the property that have seen little or no historical drilling.
Due to extreme cold weather conditions over the last several weeks, drilling progress has been slow and the deep IP target has yet to be tested.
Drilling in hole Mar-21-03, which the company previously announced had been drilled to a depth of 112 metres, targeted a VTEM airborne conductor that was modelled at a depth of 150 metres in earlier exploration.
After drilling to a final depth of 221 metres, the company confirmed that the VTEM anomaly is explained by the presence of two mineralized zones encountered between 64.20 and 76.07 metres.
A borehole electromagnetic (BHEM) survey will be completed on this hole to help identify extensions of the mineralized-altered zone.
Drill core for all mineralization obtained to date has been submitted to a laboratory for assay, and drill results will be released as they become available.
With extremely cold temperatures continuing, Copper Lake has decided to temporarily pause diamond drilling until February 7 once the necessary cold-weather equipment is obtained.
Once drilling resumes, holes Mar-22-01 and Mar-22-02 will test the heart of the deep IP target at a vertical depth of approximately 350 metres.
For now, the company has commenced an orientation gravity survey over the deep IP target to provide further data on the size and geometry of the mineralized zone. The gravity survey will be completed in a few days’ time, and preliminary interpretation is anticipated to be in hand within a week of its completion.
The Marshall Lake high-grade VMS copper, zinc, silver, and gold project is located northeast of Thunder Bay, Ontario. Copper Lake has a 75 per cent interest in the joint venture property, which consists of 233 claims and 52 mining leases.
Copper Lake is a Canadian mineral exploration and development company with interests in Ontario.
Shares in Copper Lake Resources (CPL) are down 11.11 per cent, trading at $0.12 per share as of 3:12 pm EST.
