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Copper Lake Resources Ltd.
Summary
| Project: | Marshall Lake | |
|---|---|---|
| Deposit: | Marshall Lake | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 6/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2016: Copper Lake Resources Ltd. announces a Supporting Acquisition report for its Marshall Lake deposit at the Marshall Lake project. Summary of scientific and technical data pertaining to the Marshall Lake Property. Copper Lake Resources Ltd. is a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Hart (Independent) | |
| ABSTRACT: | Copper Lake Resources Ltd. is a public mineral exploration company, registered under the corporations act in the Province of British Columbia and listed on the Toronto Stock Exchange Venture (TSX-V) Exchange and the Frankfurt Exchange. Copper Lake commissioned Thomas Hart, P.Geo., to provide a technical report on the Marshall Lake Property to complete a review of the updated exploration potential for the Marshall Lake property. In 2015, Copper Lake Resources engaged in a re-interpretation of historical geophysical pole-dipole induced polarization/resistivity surveys (IP/RES), ground magnetic surveys (ground mag), and Geotech’s helicopter-borne time-domain electromagnetic (VTEM) survey which proposed a revised geological interpretation that outlines previously unexplored targets on the property. This report was prepared in compliance with NI 43-101 standards to provide a summary of scientific and technical data pertaining to the Marshall Lake Property completed by Copper Lake Resources Ltd. as well as recommendations for future work. On May 05, 2016 Copper Lake Resources announced an agreement to acquire a 31.25% interest in the Marshall Lake property from Marshall Lake Mining Limited, increasing the Company’s interest in the property to 68.75%. For this, Copper Lake would issue a maximum of 34,268,738 common shares and a principal amount of $350,000 of 12% five year unsecured subordinated convertible debentures to MLMP. The total consideration is valued at $2,063,000. | |
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