Copper Lake Resources Exploring Advanced Copper-Gold-Zinc-Silver - - PowerPoint PPT Presentation
Copper Lake Resources Exploring Advanced Copper-Gold-Zinc-Silver - - PowerPoint PPT Presentation
Copper Lake Resources Exploring Advanced Copper-Gold-Zinc-Silver & Gold Projects in NW Ontario March, 2017 www.copperlakeresources.com TSX-V: CPL Disclaimer Cautionary Statement These presentation materials include certain statements
Disclaimer Cautionary Statement
These presentation materials include certain statements which may be deemed to be “Forward looking statements.” All statements, other than statements of historical facts, that address such matters as future exploration, drilling exploration, activities, potential mineralization and resources and events or developments that the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward looking statements include market prices, exploitation and exploration success, continued availability of capital and financing, and assume no obligation to update or revise forward looking statements as results of new information to reflect actual results, future events or
- therwise. Any forward looking statements are expressly qualified in their entirety in
this cautionary statement. This is not to be construed as an offer to buy or sell securities of Copper Lake Resources Ltd.
TSX-V: CPL
Marshall Lake VMS Copper-Zinc Property
- Large Copper-Zinc-Silver-Gold VMS deposit belt in Central Ontario
- Significant drilled mineralization in a number of Copper stringer zones
- Historical Resource at Main Billiton Zone (A.S. Bayne, 1970) of 1.2MMt @ 0.82% Cu,
2.71% Zn, 60.36g/t Ag, 0.20g/t Au. (Note: not 43-101 compliant)
- Historical Resource at Teck Hill of 479,300t @ 1.04% Cu. (Note: not 43-101 compliant)
Norton Lake Magmatic Nickel-Copper-Cobalt-PGM Property
- NI43-101 compliant resource
- Measured & Indicated : 2.26MMt @ 0.67% Ni, 0.61% Cu, 0.03% Co & 0.46g/t Pd
- Inferred: 0.20Mt @ 0.66% Ni, 0.59% Cu, 0.59% Co, 0.47g/t Pd
NW Ontario Gold Properties
- 100% earn-in on 4 prospective greenstone Gold properties in NW Ontario.
- High Grade Gold intercepts in drilling or channels samples
TSX-V: CPL
Shares Issued 93,990,912
- Options @ $0.05 5,715,000
- Convertibles @ $0.05 10,193,273
- Warrants @ $0.10 10,243,025
- Share price $0.06
- Cash $150,000
Capital Structure February, 2017 TSX-V : CPL
Significant Shareholders
- Dundee Corp 13%
- Paul Mcgroary 12%
- Ed Yurkowski 10%
TSX-V: CPL
- 68.75% project ownership
- Option to earn up to 87.5%
- Numerous Cu rich stringer targets located at
surface and in drilling
- Discovered wide high grade copper stringer
intercepts in drilling
- 22km north of CN rail, 310km from Thunder Bay
- Truck accessible year round
- +200 shallow historical holes
Marshall Lake Cu-Zn-Au-Ag VMS Project
N
Property Boundary
Main Billiton Zone RM Zone
Jewel Box
Gazooma Zone Cherry Hill Zone
South Billiton 72 Occurrence 66 Occurrence Billiton 2
Teck Hill Zone
Marshall Lake
1 6 2 3 4 5
VTEM Conductors
Marshall Lake: Targets & VTEM Anomalies
Enlarged Map
0 2 4 6km
Felsic Intrusive Felsic Metavolcanic Tuffacious Sandstone Ultramafic intrusive Felsic Sill Summit Lake Pluton (Tonalite) Intermediate Metavolcanic Summit Lake Pluton (Marginal) Metasedimentary Clastic Metasedimentary
LEGEND Adnarod
Lin Trend
Mineralized Zones
Marshall Lake Cu-Zn-Au-Ag VMS Property VTEM-001 Conductor; South Billiton
- Untested VTEM Modelled Plate
- Drill Hole MAR-07-11 drilled
above and to side of the VTEM conductor
- Intersected massive sulphides
- Returned 10.20m @ 1.26% Cu,
1.04% Zn, & 56g/t Ag
- Includes 4.0m @ 1.93% Cu
- Plate open and untested down
dip at South Billiton
- Shallow: <150m depth
- Drill ready target
COPPER LAKE RESOURCES LTD
TSX-V CPL; Frankfurt W01
- Drilling at Gazooma stopped
above the conductor
- Hole GAZ-07-10: 4.00m @
1.73% Cu, 0.27g/t Au, & 34g/t Ag
- Hole GAZ-10-15: 3.00m @
1.88% Cu, 0.62g/t Au, & 42g/t Ag
- GAZ-08-12: 10.00m @ 1.18%
Cu, 0.26g/t Au, & 28g/t Ag
- Historic holes were too shallow
and did not target the VTEM mineralized unit
- Conductor: Open and untested
- Drill ready target
Marshall Lake VMS Cu-Zn-Au-Ag Property VTEM-002 Conductor: Gazooma
TSX-V: CPL
COPPER LAKE RESOURCES LTD
TSX-V CPL; Frankfurt W01
Marshall Lake VMS Cu-Zn-Au-Ag Property VTEM-003 Conductor; Teck Hill
- Drilling at Teck Hill intersected
edge of conductor
- Hole TK-08-09: 2 zones
- 4.25m @ 3.79% Cu, 0.27g/t Au,
& 38g/t Ag
- And 4.70m @ 2.34% Cu,
0.11g/t Au, & 25g/t Ag
- Hole TK-07-02 drilled above
plate hit 0.75m @ 1.20g/t Au, 5.20% Cu
- Historic holes were drilled too
shallow and did not reach the target mineralized unit
- Drill ready target
- 479,300t @ 1.04% Cu (Historical
resource, pre-43-101)
TSX-V: CPL
Marshall Lake: Newly Defined Gold Mineralization in VMS Systems
TSX-V: CPL
Marshall Lake Project Gold Rich Zones: Adnarod Zone
- Mapped over 350m strike length
- Folded and east plunging
- Quartz-Sericite alteration
- Massive Sulphide lenses
- Plus Billiton 2 Zone: Historic drilling:
1.28m @ 2.06g/t Au, 4.90% Cu
- Drill results up to 3.81m @ 14.54g/t Au
- Only tested by 2 drill holes
- Channel sampling: Up to 0.49g/t Au,
1.62% Cu TSX-V: CPL
Marshall Lake Cu-Au-Zn-Ag Project Billiton Main Zone
Historical Assays
- MAR-06-06: 0.35m @
28.7g/t Au, 3.43% Cu
- MAR-06-09: 2.0m @
2.70g/t Au, 0.84% Cu
- MAR-06-06: 0.30m @
2.15g/t Au
- MAR-06-03: 0.75m @ 1.22
g/t Au, 2.07% Cu
- Historic Non 43-101
compliant resource of 1.2MMt @ 0.82% Cu, 2.71% Zn, 60.36g/t Ag, 0.20g/t Au TSX-V: CPL
Marshall Lake Cu-Zn-Au-Ag VMS Project Gold Rich Zones: Lin Structure
- Lin Structure
- 1.2km long
- Quartz-Sericite
alteration, Quartz veins
- Massive Sulphides
- Grab samples:
15.35g/t Au, 5.19g/t Au, 4.51g/t Au, 4.12g/t Au, 2.98g/t Au
- Chip Sampling; Up to
1.05g/t Au, 2.82% Zn TSX-V: CPL
Zone Target Depth Metres % Cu (% Zn) g/t Ag (g/t Au) Main #1 36.8m 10.1m 1.25% Cu, 1.1% Zn 56.1 g/t Ag, 0.16 Au Main #1 28.0m 9.7m 1.19% Cu, 3.22% Zn 79.5g/t Ag, 0.20 Au Gazooma #2 7.0m 28.0m 1.14% Cu 22.5g/t Ag, 0.17 Au Gazooma #2 3.0m 27.1m 2.03% Cu 37.9g/t Ag, 0.31 Au Gazooma #2 2.0m 28.7m 1.30% Cu 24.7g/t Ag, 0.29 Au Gazooma #2 23.9m 14.8m 2.46% Cu 47.6g/t Ag, 0.34 Au Gazooma #2 1.5m 21.3m 0.83% Cu 15.7g/t Ag, 0.12 Au Teck Hill #3 52.0m 44.5m 0.93% Cu 10.1g/t Ag Teck Hill #3 56.3m 27.8m 0.52% Cu
- RM
#4 70.0m 24.0m 1.74% Cu 8.9g/t Ag, 0.32 Au RM #4 149m 33.0m 1.53% Cu 6.8g/t Ag, 0.13 Au
Marshall Lake Cu-Zn-Au-Ag VMS Project
Significant Historical Drill Results ……………..To Be Followed Up………………………..
TSX-V: CPL
RM #4 269m 24.0m 1.01% Cu 4.0g/t Ag, 0.09 Au RM #4 172m 23.0m 1.34% Cu 6.7g/t Ag, 0.29 Au
Ontario Greenstone Gold Portfolio New Low Cost Option Agreement
- 4 Gold Properties
- NW Ontario
- Good Access
- High Grade Au
- Low cost option
- 1. Mine Lake
- 2. Queen Alexandria
- 3. Grand
Chibougamau
- 4. Centrefire-Redhat
Mine Lake Gold Project NW Ontario: Gold
Thomas Lake Mine Lake Stewart Contact Zone Mafic Volcs Felsic Volcs Mafic Intrusions Shear Zone 29.0g/t 55.6g/t Au 62.8g/t Au Grab samples: g/t Au Channel samples: g/t Au
- 230km NW of Thunder Bay
- 3x shear zones
- 1500m long
- 50m wide
- Quartz-Fe CO3 veins
- Qtz-Ser altn
- Channels
- 1. 3.2m @ 6.90g/t Au
- 2. 0.5m @ 15.40g/t Au
Norton Lake Magmatic Ni-Cu-Co-PGM Project
TSX-V: CPL
Norton Lake Magmatic Ni-Cu-Co-PGM Property
Untested anomalies and upside at Norton Lake Property
TSX-V: CPL
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
Norton Lake Magmatic Ni-Cu-Co-PGM Property NI 43-101 Resource Estimate
- Norton Lake Ni-Cu-Co Deposit Mineral Resource Estimate reported at 0.3% Ni cut-off
- Independent Technical Report – May 1, 2009 as prepared by Caracle Creek
International Consulting
TSX-V: CPL
Directors and Management
Terry MacDonald, CPA, CA, Director and Chief Executive Officer A Chartered Accountant with over 30 years’ experience in financial and resource sectors Gary O’Connor, MAusIMM, Director Vice-President, Exploration at Dundee Resources Paul McGroary, Director Founder of Marshall Lake Mining Limited, who funded the acquisition and early development of Marshall Lake, serial early stage investors
- Dr. Jeffrey Malaihollo, FAus IMM, Director
Chairman UK coal explorer Edenville Energy Plc (listed on AIM) Edward Yurkowski, Director Founder of Procon Mining and Tunneling Ltd. Lisa Korinek, Chief Financial Officer Wide ranging experience in FMCG sector