TORONTO, Sept. 27, 2019 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) ("Copper Lake" or the "Company") wishes to announce the appointment of Mr. Paul Mcgroary as Chief Financial Officer (“CFO”) of the Company. Mr. Mcgroary, who is also a director of the Company, replaces Ms. Lisa Korinek who has served as the CFO since August 2016. Ms. Korinek is leaving the Company to focus on her consulting activities. The Board of Directors wish to thank Ms. Korinek for her contributions over the last three years.
About Copper Lake Resources
Copper Lake Resources Ltd. is a publicly traded Canadian company currently focused on advancing properties located in Ontario, Canada.
The Marshall Lake high-grade VMS copper, zinc, silver and gold property, located just north of Geraldton, Ontario, comprises an area of approximately 10,430 hectares and is accessible by all-season road. Copper Lake has an option to increase its interest to 87.5% from its current 75% interest.
Copper Lake has a 71.41% interest in the Norton Lake nickel, copper, cobalt, PGM property, located in the southern Ring of Fire area, is approximately 100 km north of the Marshall Lake Property, and 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.
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 favourable felsic volcanic units. The Sollas Lake Property is 100% owned by the Company and is not subject to any royalties.
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 Company’s 75%-owned advanced exploration Marshall Lake Property. The Summit Lake Property is 100% owned by the Company and is not subject to any royalties.
The Company also has an option agreement to acquire up to 100% of four separate Ontario properties in the Kenora and Patricia mining belt: Queen Alexandra Gold Property, the Mine Lake Gold Property, the Grand Chibougamau Gold Property and the Centrefire-Redhat Gold-Copper Property.
| On behalf of the Board of Directors, | ||
| Copper Lake Resources Ltd. | CHF Capital Markets | |
| Terry MacDonald, CEO | Cathy Hume, CEO | |
| (416) 561-3626 | (416) 868-1079 x 231 | |
| tmacdonald@copperlakeresources.com | cathy@chfir.com | |
| www.copperlakeresources.com | ||
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