Copper Lake Resources Stakes Additional Ground at its Marshall Lake Property in Ontario
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News Release No: 18-08
Copper Lake Resources Stakes Additional Ground
at its Marshall Lake Property in Ontario
June 26, 2018 - Toronto, ON - Copper Lake Resources Ltd. (TSX -V: CPL, Frankfurt: W0I)
("Copper Lake" or the "Company") today announced that it has increased its land position by
staking an additional 192 claim cells on its eastern and western bou ndaries. The staking
consolidates known extensions of the Marshall Lake felsic volcanic complex and overlying iron
formation. Encouraging results from the recently completed 14- hole winter drilling program
highlight potential of this underexplored greenstone belt to host precious metals enric hed Cu-Zn-
Ag-Au volcanogenic massive sulphide (VMS) deposits (see press release dated May 23, 2018).
Staking to the west covers projected strike extensions of the favourable horizon hosting known
deposits and showings. This area has seen little historic exploration work due to limited outcrop
exposure and was not flown by recent VTEM surveys.
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Staking to the east covers strong, untested VTEM conductors associated with tuffs immediately
overlying coarse felsic fragmental rocks interpreted as vent facies cr yptodomes situated along a
synvolcanic fault by the Ontario Geological Survey. These conductors have never been drilled.
The new staking comprises an additional 4,224 hectares bringing the contiguous Marshall Lake
land position to 14,700 hectares (147 square km). The Marshall Lake property is road-accessible,
located 250 kilometres northeast of Thunder Bay, Ontario and covers a prominent calc -alkaline
felsic volcanic centr e and synvolcanic intrusion within the eastern portion of the Archean- age
Wabigoon Subprovince.
Next Steps
The Company is currently conducting fieldwork to ground truth these two promising conductors
and assess access routes to mobilize drilling equipment to test these targets as soon as possible.
Qualified Person
The contents of this news release were read and approved by George Mannard, P.Geo, who is
acting as QP for the Company under the rules of NI 43-101.
About Copper Lake Resources Ltd.
Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) is advancing t he Marshall Lake
high-grade VMS copper -zinc-silver-gold property, just north of Geraldton, Ontario, accessible
by all-season road. CPL currently has a 75% interest in the Marshall Lake property.
The Norton Lake nickel -copper-cobalt PGM property (69.79%), loc ated in the southern Ring of
Fire area, is approximately 100 km north of the Marshall Lake property. It 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, open for expansion.
The Company recently entered into a mineral property option agreement to acquire up to 100%
of four separate Ontario properties in the Kenora and Patricia mining belt: Queen Alexandria
Gold Property, the Mine Lake Gold Property, the Grand Chibougamau Gold Pr operty and the
Centrefire-Redhat Gold-Copper Property.
On behalf of the Board of Directors,
“Terrence MacDonald”
Chief Executive Officer and Director
Copper Lake Resources Ltd. CHF Capital Markets
Terry MacDonald, CEO Cathy Hume,
CEO
(416) 561-3626 (416) 868-1079 x 231
[email protected] [email protected]
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.