Norton Lake Nickel Copper Cobalt Palladium and Platinum

Copper Lake Resources holds a 70% interest in a 2,258,654 tonne Palladium rich project. Assaying 0.67% Nickel,  0.61% Copper, 0.03% Cobalt and 0.46g Palladium asset at 0.3% Nickel cut off NI 43-101 compliant property.

The Norton Lake Property is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario, Canada.

Reports

The data below is an extract from the company’s N43-101 report dated May, 2009.

View the Norton Lake 43-101 Report (28 MB)

 

Deposit Mineral Resources Estimate: reported at 0.3% Ni cut-off
Category Tonnes Ni Grade (%) Cu Grade (%) Co Grade (%) Pd Grade (g/t)
Measured 1,769,721 0.67 0.61 0.03 0.46
Indicated 488,933 0.67 0.61 0.03 0.47
TOTAL 2,258,654 0.67 0.61 0.03 0.46
Inferred 198,571 0.66 0.59 0.03 0.47

 

 

 

Deposit Mineral Resources Estimate: reported at 0.5% Ni cut-off
Category Tonnes Ni Grade (%) Cu Grade (%) Co Grade (%) Grade (g/t)
Measured 1,456,329 0.73 0.65 0.03 0.49
Indicated 427,041 0.71 0.63 0.03 0.48
TOTAL 1,833,370 0.73 0.65 0.03 0.49
Inferred 160,884 0.71 0.61 0.03 0.47
Norton Fly Drill

Drilling and Assays

A 3D conceptual modeling of the massive sulphide nickel-copper mineralized zones at the Norton Lake deposit has identified what appears to be a separate sulphide lens near surface and adjacent to the main lens approximately 15 metres due south of the deposit. Assaying of historical drilled core lead to the discovery of this second lens which lies beneath the main known lens of the deposit. Historical core drill hole U-4 intersected semi-massive pyrrhotite-chalcopyrite and stringers of sulphide from 85 metres to 98 metres. As well, historical core drill hole U-14 also intersected this lower lens from 121 metres to 130 metres. This lens was not included in the NI 43-101 resource calculation.

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