Copper Lake Commences Drilling Conductors at Marshall Lake Cu-Zn-AG-Au Property
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News Release No: 18-05
COPPER LAKE COMMENCES DRILLING CONDUCTORS
AT MARSHALL LAKE Cu-Zn-Ag-Au PROPERTY
March 2, 2018 - Toronto, ON - Copper Lake Resources Ltd. (TSX -V: CPL, Frankfurt: W0I)
("Copper Lake" or the "Company") is pleased to announce that drilling has commenced on its
Marshall Lake property located 250 kilometres north East of Thunder Bay, Ontario.
The purpose of the program is to test three VTEM conductors identified in a comprehensive
compilation of previous work on the property conducted in 2014- 2017. Each target is related to
previously detected, shallow Cu- Zn-Ag-Au massive sulphide occurrences t hat remain open at
depth (see News Releases dated February 7, 2017 available at www.copperlakeresources.com).
Terry MacDonald, CEO comments “We are excited to get underway. This minimum 2,000 metre
drilling program will test primary targets derived from detailed compilation and reinterpretation
of a significant volume of historic work on the property dating back to 1954. Despite its long
history, numerous showings and historic resource estimates, the previous fragmented land
position has only recently been consolidated. Results of the compilation effort allow us to look at
the bigger picture and establish priorities based on a new geological model”.
The Marshall Lake property covers 10,430 hectares of an Arc hean felsic volcanic centre
overlying a synvolcanic pluton located in the eastern portion of the Wabigoon sub province. It is
deemed favourable to host Cu- Zn-Ag-Au VMS (Volcanic Massive Sulphide) deposits of
potential economic merit. A comprehensive discus sion of the scope and details of historic work
on the property and development of the new targets and geological model is available in a NI 43-
101 Technical Report dated June 7, 2016 and authored by Thomas Hart, PGeo, (see
www.sedar.com or www.copperlakeresources.com).
George Mannard, PGeo and independent consultant has reviewed the technical content of this
News Release.
About Copper Lake Resources
Copper Lake Resource s Ltd. is a publicly traded Canadian company cur rently focused on
advancing its properties located in Ontario, Canada:
1. The Marshall Lake VMS copper, zinc, silver and gold property is an advanced exploration
stage property located 120 km north of Geraldton, Ontario via good all weather gravel road
from the Trans-Canada Highway and just 22 km north of the main CNR rail line.
Copper Lake currently has a 68.75% interest in the property and has the option to incre ase its
interest to 75%. The Company can further increase its interest to 87.5% by taking the project
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to bankable feasibility stage. The Company filed an updated NI 43- 101 report dated June 7,
2016 which is available on SEDAR (www.sedar.com).
2. The Norton Lake nickel, copper, PGM property (69.79%) is located in the southern Ring of
Fire area, approximately 100 km north of the Marshall Lake property, and has a NI 43- 101
compliant measured and indicated resource of 2.26 million tonnes @ 0.67% Ni, 0.61% Cu,
0.03% Co and 0.46 g/t Pd. The NI 43- 101 report dated May 1, 2009 is available on SEDAR
at www.sedar.com.
3. The Company also recently entered into a mineral property option agreement to acquire up to
100% of four separate properties in Ontario made up of seven claims. The properties are
situated in the Kenora and Patricia mining divisions in Northwestern Ontario and are known
as the Queen Alexandria Gold Property, the Min e Lake Gold Property, the Grand
Chibougamau Gold Property and the Centrefire-Redhat Gold-Copper Property.
On behalf of the Board of Directors,
“Terrence MacDonald”
Chief Executive Officer and Director
www.copperlakeresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.