| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Copper Lake Resources Ltd. |
| Project name: | Marshall Lake |
| Location: | Canada |
| Commodities: | Gold,Silver,Copper,Lead,Zinc |
| Highlight: | Drilling results incl. 4.9m @ 5.26% Zn, 1.17% Cu, 0.12% Pb, 59.65g/t Ag, 0.03g/t Au from 88.1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | February 15, 2022 – Toronto, ON – Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCFZ) (“Copper Lake” or the “Company”) is pleased to report encouraging initial assay results from its ongoing diamond drilling program, being undertaken on its Marshall Lake copperzinc-silver-gold volcanogenic massive sulphide (VMS) property (the “Property”), located northeast of Thunder Bay, Ontario. The primary focus of the current 3,000 metre drill program is a large, untested Induced Polarization (IP) anomaly (“deep IP target”), with a secondary focus on the Billiton deposit and other basemetal occurrences on the Property that have seen minimal to no historic drilling. The highlight of the recent drilling was the recognition of a new copper-zinc mineralized zone parallel to the main Billiton Zone. Drill Results The initial drill hole completed in the current program, Mar-21-01, tested the Billiton deposit (historic resource of 2.2 MT at 4.2% zinc, 1.3% copper and 2.5 opt Ag1 ) between two widely spaced shallow historic drill holes. The deposit was intersected at a vertical depth of approximately 70 metres, yielding an intercept of 5.26% zinc, 1.17% copper, 0.12% lead, 59.65 g/t silver and 0.03 g/t gold (8.69% ZnEQ) over a core length of 4.90 metres. This intercept confirms both the tenor and width of base |
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