May 31, 2024 Proactive Interview Winter Drill Program Marshall Lake
https://youtu.be/lvFwQWXEKVE?si=6UrZOVuoZzbqdC-c
31 May 2024 #cpl #Geophysics #investor
Copper Lake Resources CEO Terry MacDonald joined Steve Darling from Proactive to share the results generated from the recently completed winter diamond drilling program on its Marshall Lake copper-zinc-silver VMS property in Northwestern Ontario. The company focused its drilling efforts on two new target areas, including a prominent magnetotelluric conductor situated proximal to and below high-grade copper-zinc-silver mineralization known as the Conductive Centre. The second new drill target comprised an EM conductor located 2 km to the east of the Billiton deposit.
MacDonald told Proactive that drilling to date has defined a conductive centre of potentially economic size, associated with multiple high-grade copper-zinc-silver intersections at reasonable depths. Establishing continuity within this target area requires further drilling to confirm the extent and grade of the mineralization. Although the company did not encounter massive sulphides in hole MAR-24-02, the strong to very strong alteration observed is indicative of proximity to massive sulphide deposits. These drilling results have provided the company with valuable information to zero in on what it believes to be an ore-grade VMS deposit.
MacDonald also highlighted that the drilling continues to indicate a robust hydrothermal system capable of producing a significant VMS deposit. Follow-up drilling to define the continuity of previously encountered high-grade mineralization in the conductive centre is clearly warranted. The company's exploration efforts are aimed at confirming the size and grade of the mineralization, which could potentially lead to the development of a significant mining operation.
Copper Lake Resources remains committed to advancing the Marshall Lake project and is encouraged by the positive results from the winter drilling program. The identification of new target areas and the confirmation of high-grade mineralization at reasonable depths are key steps in the company's exploration strategy. The next phase of drilling will focus on further delineating the conductive centre and testing additional targets identified through geophysical surveys.
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