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Enter Symbol
or Name
USA
CA



Copper Lake Resources Ltd
Symbol CPL
Shares Issued 109,148,912
Close 2018-01-18 C$ 0.05
Market Cap C$ 5,457,446
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Copper Lake hires Mannard as consulting geologist

2018-01-18 11:03 ET - News Release

Mr. Terrence MacDonald reports

COPPER LAKE RETAINS EXPERIENCED GEOLOGIST FOR MARSHALL LAKE PROJECT

Copper Lake Resources Ltd. has retained George Mannard, PGeo, as a consulting geologist to oversee the company's Ontario properties and, specifically, the coming drill program on its Marshall Lake property. Mr. Mannard has over 30 years of global mineral exploration experience and is an expert in precious metals and base metals. He is well versed in project management, structural geology studies, mapping, evaluation and acquisitions, and he has developed eight gold mines and is co-credited with discovery of the Louvicourt copper zinc mine near Val d'Or, Que. Mr. Mannard has extensive gold experience with Moss Lake Gold Mines and Wesdome Gold Mines, where he was the vice-president, exploration. He is familiar with the Marshall Lake project as he was involved with the property when it was explored by Falconbridge.

Copper Lake's chief executive officer, Terry MacDonald, commented: "We are delighted to have retained a geologist of Mr. Mannard's stature and the extensive gold and VMS [volcanogenic massive sulphide] background to oversee our Ontario properties as we move to the next stage of exploration. George brings tremendous experience with him, and his knowledge of the property and contacts in the area will allow him to hit the ground running. We are looking forward to commencing the next drill program on our Marshall Lake property shortly."

The company has granted, pursuant to its 10-per-cent rolling stock option plan, 3.35 million incentive stock options to directors, officers and consultants at an exercise price of five cents for a term of five years.

George Mannard, qualified person, PGeo, has reviewed the content of this news release.

About Copper Lake Resources Ltd.

Copper Lake Resources is a publicly traded Canadian company currently focused on advancing its properties located in Ontario, Canada:

  • The Marshall Lake VMS copper/zinc/silver/gold property is an advanced-exploration-stage property located 120 kilometres north of Geraldton, Ont., by good all-weather gravel road from the Trans-Canada Highway and just 22 kilometres north of the main Canadian National rail line. Copper Lake currently has a 68.75-per-cent interest in the property and has the option to increase its interest to 75 per cent by incurring additional expenditures of $560,000 by July 15, 2018.
  • The Norton Lake nickel/copper/platinum group metal property (69.79 per cent) is located in the southern Ring of Fire area, approximately 100 kilometres north of the Marshall Lake property, and has a National Instrument 43-101-compliant measured and indicated resource of 2.26 million tonnes of 0.67 per cent nickel, 0.61 per cent copper, 0.03 per cent cobalt and 0.46 gram per tonne palladium.
  • The company also recently entered into a mineral property option agreement to acquire up to 100 per cent 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 Mine Lake gold property, the Grand Chibougamau gold property and the Centrefire-Redhat gold-copper property.

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