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Copper Lake Resources (TSXV:CPL) gave an update on its copper-zinc-silver-gold Marshall Lake project, which included drilling news.
Copper Lake Resources (TSXV:CPL) gave an update on its copper-zinc-silver-gold Marshall Lake project, which included drilling news.
As stated in the press release:
The company completed a drill program in 2018 that was designed to test three VTEM conductors and other targets derived from a comprehensive compilation of historic data undertaken between 2014 and 2017. A total of 14 holes for 2,868 meters were completed.
The 2018 drilling serves to highlight potential of the Main Billiton zone which remains open below 150 meter depth, displays strong precious metals contents and demonstrates reasonable continuity in 3D modelling of historic data.
The company has now engaged Fladgate Exploration Consulting Corporation of Thunder Bay, Ontario to prepare a comprehensive 3D geological interpretation and model of its Marshall Lake project which will incorporate all recent drilling. The scope of work will include compiling the recent drill data, constructing a 3D model, and preparing a report that will identify targets to drill and expand existing resources.
Terry MacDonald, Copper Lake CEO, commented:
“Development of a comprehensive 3D model of the high-grade zones will allow us to better understand the property, and will be a significant step towards the development of a NI 43-101 compliant resource at Marshall Lake. We are continuing to focus on the significant high-grade copper and zinc zones, and are particularly encouraged by the high silver content, with all drill holes being relatively shallow to date. This report should be completed within the next two months, and will prepare us for the next stage of field work and drilling in the summer of 2019.”
Click here to read the full press release from Copper Lake Resources.