Copper Lake Resources: Exploring for Critical Minerals in NW Ontario
Published: 07:22 17 Jun 2024 EDT
Exploring for Critical Minerals in NW Ontario
Copper Lake Resources is an exploration company with two advanced projects located in Northwest Ontario, Canada: Marshall Lake and Norton Lake.
The company has an experienced management team with a proven track record in mineral ex-ploration, discovery, development & finance.
Marshall Lake Copper-Zinc-Silver VMS Property
Marshall Lake is located within a known VMS Belt that contains five historic mines.
The project has over 200 surficial base-metal and precious metal occurrences on several zones on the 250 sq km property and also has a non-compliant historic resource estimate of 2.2 mil-lion tonnes (Mt) at shallow depth on the Billiton Zone.
Copper Lake has focused recent drill efforts on the Billiton Zone and has encountered small intersections of high-grade polymetallic mineralisation with high precious metals (silver) con-tent, wide-spread low-grade disseminated sulphides, as well as large intersections of perva-sive hydrothermal alteration.
Follow-up drilling in this area is expected to focus on continuing to define the continuity of previously encountered high-grade mineralisation, located below the existing historic re-source estimate.
The Property includes several zones yielding significant copper-zinc-silver intercepts in historical diamond drilling. These areas include the Teck Hill-Gazooma and Gazooma North-RM-Lease target areas. Such target areas have returned shallow drill intercepts of 2.05% copper, 33 g/t silver & 0.31 g/t gold over 26.9 metres as well as 1.38% copper, 54.0 g/t silver & 0.10 g/t gold over 43.0m, respectively. Drilling at all of these occurrences has been very shallow, largely within 150m from surface.
The Company is planning to perform large-loop electromagnetic (LLEM) surveys that will see to at least 500m over these areas this summer, with follow up drilling of the targets generated in the late summer.
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