Copper Lake Resources (TSX-V:CPL) has identified numerous additional ‘compelling’ gold geochemical anomalies on the Marshall Lake Project in Ontario, Canada.
The anomalies emerged from an ongoing assessment of the precious metals potential at Marshall Lake, which was undertaken to capitalise on the current high gold price. Gold’s spot price hovered around US$3,970 ($6,021) at the time of writing.
Follow-up work on the anomalies will be conducted in parallel with ongoing exploration across Marshall Lake.
Ongoing exploration is currently focusing on the copper-zinc-silver intersected in the Teck Hill-Gazooma and Gazooma North-RM-lease on the western areas of the project.
CEO Terry MacDonald says Marshall Lake is a large property which has several zones where there are drill results over “significant” widths.
“While we will continue with exploration at the Conductive Centre on the Billiton deposit area, these other zones we are accessible year-round and give us the opportunity to apply the most current geophysics to these areas, and to follow-up on the premise that Marshall Lake could be a Noranda-style volcanic-massive sulphide camp with several deposits,” MacDonald says.
Copper Lake notes in some surveys, gold analyses were either not undertaken, were minimal in number, or if completed, were not followed up on.
The aim of the assessment was to identify new areas prospective for gold, silver, and base metal mineralisation from the Marshall Lake database, to support future exploration targeting.
Marshall Lake, covering 220km2, is located 120km north of Geraldton, Ontario.
Copper Lake Resources is a Canadian mineral explorer and developer focused on two projects located in Ontario.
Write to Aaliyah Rogan at Mining.com.au
Images: Copper Lake Resources
