Copper Lake Updates Diamond Drilling Program on Its Marshall Lake Copper-Zinc-Silver Volcanogenic Massive Sulphide Property, Northern Ontario
Copper Lake Updates Diamond Drilling Program on Its Marshall Lake Copper-Zinc-Silver Volcanogenic Massive Sulphide Property, Northern Ontario
Figure 1
圖1
Plan map showing large IP anomaly proximal to the Billiton Zn-Cu-Ag massive sulphide deposit and proposed Copper Lake drill holes (ML-21-01, 02, 03 & 04).
平面圖顯示Billiton鋅-銅-銀塊狀硫化物礦牀和擬議的銅湖鑽孔(ML-21-01、02、03和04)附近的大型激電異常。
Figure 2
圖2
3D depiction of the large untested IP anomaly situated at depth below the Billiton massive sulphide deposit and proposed Copper Lake drill holes (ML-21-01, 02, 03 & 04).
位於Billiton塊狀硫化物礦牀和擬議的銅湖鑽孔之下的未測試的大型激電異常的3D描繪(ML-21-01、02、03和04)。
TORONTO, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I, OTC: WTCZF ("Copper Lake" or the "Company") is pleased to provide an update on the diamond drilling program currently being undertaken on its Marshall Lake copper-zinc-silver volcanogenic massive sulphide (VMS) property, located in northern Ontario, as well as the status of its joint venture with Rainy Mountain Royalty Corp. The Company also reports on the recent exercise of warrants providing $400,000 in additional program funding.
多倫多，2021年11月29日(Global Newswire)-銅湖資源有限公司(多倫多證券交易所股票代碼：CPL，法蘭克福股票代碼：W0I，場外交易代碼：WTCZF)很高興地向您介紹位於安大略省北部的馬歇爾湖銅鋅銀火山成因塊狀硫化物(VMS)礦產目前正在進行的鑽石鑽探項目的最新情況，以及與Rainy Mountain Royalty Corp.的合資企業的狀況。
The primary focus of the current drilling program is a large, strong untested Induced Polarization (IP) anomaly, situated adjacent and below the Billiton zinc-copper-silver VMS deposit, with a secondary focus on other base-metal occurrences on the Property that have seen little or no historical drilling and those that are open at depth (see Copper Lake news releases dated September 28, 2021 & September 7, 2021).
目前鑽探計劃的主要焦點是位於必和必拓鋅銅銀VMS礦牀附近和下方的一個大型、強烈的未經測試的激發極化(IP)異常次要關注的是該礦產上很少或根本沒有歷史鑽探的其他賤金屬礦點，以及那些深度開放的礦點(見日期為2021年9月28日和2021年9月7日的銅湖新聞稿)。
Diamond Drilling Update:
鑽石鑽探最新消息：
Due to challenging weather conditions and logistics due to significant early winter snowfall, milder temperatures and wet swampy ground in the vicinity of the Billiton deposit, only one drill hole has been completed to date, in the scheduled minimum 3,000 metre drill program. Drill hole ML-21-01 was drilled to a depth of 400 metres and tested the down-dip projection of the Billiton deposit and an associated IP anomaly (see Figures 1 & 2).
由於冬季初大降雪、氣温較低以及Billiton礦藏附近潮濕的沼澤地面，天氣條件和後勤工作具有挑戰性，迄今只完成了一個鑽孔，按計劃最低鑽探計劃為3,000米。將ML-21-01鑽孔鑽至400米深，測試了Billiton礦牀的下傾投影和伴生的激電異常(參見圖1和圖2)。
The projected depth extension of the main zone of the Billiton deposit was intersected over a core length of 7.65 metres (190.35 - 198.00 metres down-hole). It was largely comprised of disseminated to heavily disseminated pyrite, with associated chalcopyrite and sphalerite, locally containing narrow bands of semi-massive sulphide consisting of pyrite, chalcopyrite and sphalerite, hosted by strongly chloritized and biotite-rich coarse felsic fragmental rocks and lapilli tuff. Additionally, 2 zones of disseminated pyrite with lesser sphalerite and chalcopyrite were encountered at shallower depth in the drill hole, thought to be footwall alteration zones related to the main Billiton deposit. Logging and sampling of the core from this hole has been completed – assay results will be released as they become available.
Billiton礦主礦帶的預計深度延伸相交於7.65米(190.35-198.00米井下)的巖芯長度。它主要由浸染到密集浸染的黃鐵礦以及伴生的黃銅礦和閃鋅礦組成，局部含有由黃鐵礦、黃銅礦和閃鋅礦組成的窄帶半塊狀硫化物，賦存於強烈氯化和富含黑雲母的粗長英質碎屑巖和輝綠凝灰巖中。此外，在鑽孔較淺的深度發現了兩個含較少閃鋅礦和黃銅礦的浸染型黃鐵礦，被認為是與主要比利頓礦牀有關的下盤蝕變帶。從這個洞採集巖心的記錄和取樣已經完成--化驗結果將在得到時公佈。
Deep Induced Polarization (IP) Target:
深激發極化(IP)目標：
The primary target for upcoming drill holes ML-21-02, ML-21-03 and ML-21-04, is a large IP anomaly (conductivity high, resistivity low, chargeability high), situated below and adjacent to the main Billiton copper-zinc-silver massive sulphide deposit (historical resource of 2.2 MT at 1.3% copper, 4.2% zinc & 2.5 opt silver1). This high-priority target has dimensions of 800 x 300 x 300 metres, is situated between 150 to 450 metres below surface and represents a new target never previously tested by diamond drilling (see Figure 2).
即將進行的ML-21-02、ML-21-03和ML-21-04鑽孔的主要目標是一個大的激電異常(高電導率、低電阻率、高充電性)，位於主要的Billiton銅鋅銀塊狀硫化物礦牀(2.2MT的歷史資源，銅1.3%，鋅4.2%，銀2.5%1)。這個高度優先的目標的尺寸為800 x 300 x 300米，位於地表以下150至450米之間，是一個以前從未通過鑽石鑽探測試的新目標(參見圖2).
Drill hole ML-21-02 will test an undrilled VTEM conductor, likely related to the upper portion of the deep IP anomaly, while holes ML-21-03 & ML-21-04 are intended to test the heart of the same large deep IP anomaly, at a vertical depth of approximately 350 metres. Because the Marshall Lake greenstone belt is a tightly folded VMS terrain, it appears that the main Billiton deposit sits on a fold limb, suggesting that the larger deep IP anomaly is located in a fold hinge to the east and down-plunge from the known Billiton deposit. As this is commonly where the larger, thicker deposits are found in folded VMS terrains, the prospects of encountering a much larger sulphide body associated with the deep IP target look very promising.
ML-21-02號鑽孔將測試一個未鑽過的極瞬變電磁導體，很可能與深部激電異常的上部有關，而ML-21-03和ML-21-04孔的目的是測試垂直深度約350米的同一大型深部激電異常的中心。由於馬紹爾湖綠巖帶是一個緊密褶皺的VMS地體，因此，主要的Billiton礦牀似乎位於褶皺邊緣，表明較大的深IP異常位於已知的Billiton礦牀向下俯衝的褶皺鉸部位。由於這通常是在褶皺的VMS地形中發現更大、更厚的礦牀的地方，因此遇到與深IP靶區相關的更大的硫化物礦體的前景看起來非常有希望。
Recent colder temperatures and freeze-up conditions at night, have enabled the construction of corduroy trails and drill pads across long stretches of swampy terrain, accessing the next 3 planned drill holes. It is anticipated that the access trails and drill pads for all 3 of these drill holes, will be ready for drill set-up in the next few days.
最近較低的氣温和夜間的冰凍條件，使得能夠在大片沼澤地帶修建燈芯絨步道和鑽臺，進入下一個計劃中的3個鑽孔。預計所有3個鑽孔的通道和鑽墊將在未來幾天內準備就緒，可以進行鑽探。
Deeds Island Target & Other VTEM Targets:
德茲島目標和其他VTEM目標：
The Marshall Lake Belt clearly has potential for discovery of multiple VMS deposits, and there are several attractive targets that have seen little or no historical drilling. The Deeds Island target comprises an 800-metre long zinc bedrock geochemical anomaly (up 1,000 ppm zinc) closely associated with a strong extensive garnet-actinolite alteration zone and coincident airborne EM conductors. It is situated 6 km to the east of the Billiton deposit in younger rocks and represents another prospective VMS target on the Property. Most importantly, this very prospective target has never been drill-tested in the past and is a second very promising target for testing in the current program.
馬歇爾湖帶顯然具有發現多個VMS礦牀的潛力，而且有幾個有吸引力的目標很少或根本沒有進行過歷史鑽探。迪茲島的目標包括一個800米長的鋅基巖地球化學異常(上升1,000 ppm鋅)，與強烈的廣泛的石榴石-陽起巖蝕變帶和重合的航空電磁導體密切相關。它位於Billiton礦藏以東6公里處，位於較年輕的巖石中，是該礦藏的另一個潛在VMS目標。最重要的是，這一非常有前景的目標在過去從未進行過演習測試，是當前計劃中第二個非常有希望的測試目標。
Several other VTEM conductors on the Property that have not been drilled and situated in favourable stratigraphy, have been modelled in preparation for future diamond drilling programs. At least two of these VTEM conductors are located in younger rocks situated to the east of the Billiton deposit, while others are located to the west of the Billiton deposit proximal to the RM and RMZ zones, copper-rich occurrences that resemble footwall stringer zones.
為了準備未來的鑽石鑽探計劃，該礦區的其他幾個尚未鑽探且位於有利地層中的甚高頻電磁導體已經制作了模型。其中至少兩個VTEM導線位於Billiton礦牀以東的較年輕巖石中，而其他導線位於Billiton礦牀以西靠近RM和RMZ帶的位置，這兩個富銅礦體類似於下盤順層帶。
1 The resources described above are considered historic under NI-43-101 guidelines and have not been verified by an Independent Qualified Person and therefore should not be relied upon. The Company is not treating the historic resource as a current Mineral Resource.
1 根據NI-43-101準則，上述資源被視為具有歷史意義的資源，未經獨立合格人員核實，因此不應依賴。該公司並未將該歷史資源視為當前礦產資源。
Marshall Lake Joint Venture
馬紹爾湖合資企業
The Company's joint venture partner, Rainy Mountain Royalty Corp., which has a 25% interest in the original Marshall Lake property, has confirmed that they will be participating in the current exploration program and contributing their share of the budgeted $1.2 million exploration program.
該公司的合資夥伴Rainy Mountain Royalty Corp.在馬紹爾湖原始地產中擁有25%的權益，該公司已確認，他們將參與當前的勘探計劃，並在120萬美元的預算勘探計劃中貢獻自己的份額。
Warrants
認股權證
At July 31, 2021 the Company had a total of 64,518,301 warrants outstanding. Included in this total are 16,133,333 warrants with an expiry date of December 30, 2021 which have an exercise price of $0.05. Since July 31, 2021 holders of the December 31, 2021 warrants have exercised 6,000,000 warrants and holders of the May 8, 2022 warrants have exercised 2,000,000 warrants for total proceeds of $400,000.
截至2021年7月31日，該公司共有64,518,301份未償還認股權證。其中包括16,133,333份權證，到期日為2021年12月30日，行權價為0.05美元。自2021年7月31日以來，2021年12月31日權證持有人已行使600萬份權證，2022年5月8日權證持有人已行使200萬份權證，總收益為40萬美元。
Qualified Person
有資格的人
Donald Hoy, M. Sc., P. Geo., Copper Lake's Vice President of Exploration, is the Qualified Person responsible for the technical content contained in this news release.
銅湖勘探副總裁總裁先生是負責本新聞稿所含技術內容的合格人員。
About Copper Lake Resources
關於銅湖資源
Copper Lake Resources Ltd. is a publicly traded Canadian company currently focused on advancing its Marshall Lake and Norton Lake properties located in Ontario, Canada.
銅湖資源有限公司是一家加拿大上市公司，目前專注於推進其位於加拿大安大略省的馬歇爾湖和諾頓湖資產。
Marshall Lake Property
馬歇爾湖酒店
The Marshall Lake high-grade VMS copper, zinc, silver and gold property, comprises an area of approximately 104 square km located 120 km north of Geraldton, Ontario and is accessible by all-season road from the Trans-Canada Highway and just 22 km north of the main CNR rail line. Copper Lake has a 75% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The property also includes 148 claim cells staked in 2018 and 2020 that are 100% owned and not subject to any royalties, which add approximately 30 square km to the property.
馬歇爾湖高品位VMS銅、鋅、銀和金礦，佔地約104平方公里，位於安大略省傑拉爾頓市以北120公里處，從跨加拿大駭維金屬加工全天候公路可達，距離中國北車主要鐵路線僅22公里。銅湖在合資物業中擁有75%的權益，包括233項索賠和52項採礦租約。該物業還包括在2018年和2020年設立的148個索賠單元，這些單元100%擁有，不受任何特許權使用費的限制，這將使該物業增加約30平方公里。
In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company and are not subject to any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of 4 square km on the east side of the Marshall Lake property where historical EM airborne geophysical surveys have outlined strong conductors on the property hosted within the same favorable felsic volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area of 20.5 square km, is accessible year-round, and is located immediately west of the original Marshall Lake property.
除上述馬紹爾湖原有物業外，馬歇爾湖還包括Sollas Lake和Summit Lake物業，這兩個物業由本公司100%擁有，不收取任何特許權使用費。Sollas Lake地產由20個索賠單元組成，其中包括馬歇爾湖地產東側4平方公里的區域，歷史上的EM航空地球物理勘測勾勒出同一有利的長英質火山單元內的該地產具有強大的導體。頂峯湖財產目前由100個索賠單元組成，面積為20.5平方公里，全年可進入，就在原來的馬紹爾湖財產的西邊。
The Marshall Lake property is located in the traditional territories of the Aroland and Animbiigoo Zaagi igan Anishinaabek ("AZA") First Nations.
馬歇爾湖酒店位於Aroland和Animbiigoo Zaagi igan Anishinaabk(“AZA”)第一民族的傳統領地上。
Norton Lake Property
諾頓湖酒店
Copper Lake has a 71.41% joint venture interest in the Norton Lake nickel, copper, cobalt, and palladium PGM property, located in the southern Ring of Fire area, is approximately 100 km north of the Marshall Lake Property. The Norton Lake property 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.
銅湖擁有Norton Lake鎳、銅、鈷和鈀PGM礦71.41%的合資權益，該礦位於南部火環地區，位於馬歇爾湖礦以北約100公里處。諾頓湖礦區的測量和指示資源符合NI 43-101標準，儲量為226萬噸，鎳含量為0.67%，銅含量為0.61%，鈷含量為0.03%，鈀含量為0.46g/t。
The Norton Lake property is located in the traditional territories of the Eabametoong ("Fort Hope") and Neskantaga First Nations.
諾頓湖酒店位於埃巴馬託通(“希望堡”)和內斯坎塔加第一民族的傳統領地。
On behalf of the Board of Directors,
我謹代表董事會：
Copper Lake Resources Ltd.
Terry MacDonald, CEO
(416) 561-3626
tmacdonald@copperlakeresources.com
銅湖資源有限公司。
特里·麥克唐納，首席執行官
(416) 561-3626
郵箱：TMacDonald@Copperlakeresources.com
www.copperlakeresources.com
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Photos accompanying this announcement are available at
隨此公告發布的照片可在以下網址查閲
譯文內容由第三人軟體翻譯。