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.
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On behalf
of the Board of Directors, |
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Copper Lake Resources
Ltd. |
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CHF Capital Markets |
Terry MacDonald, CEO |
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Cathy Hume, CEO |
(416) 561-3626 |
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(416) 868-1079 x 231 |
tmacdonald@copperlakeresources.com |
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cathy@chfir.com |
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www.copperlakeresources.com |
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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.
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