Copper Lake Resources Announces Appointment of Donald Hoy as Vice President of Exploration
February 16 2021 - 7:00AM
Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: W0I) ("Copper
Lake" or the "Company") is pleased to announce that Donald Hoy,
M.Sc., P.Geo., has been appointed Vice President Exploration of the
Company, effective February 15, 2021.
Don Hoy brings over 30 years of experience,
acting in both technical and senior management capacities, for
junior and major mining companies. Recently, he served as President
of Wolfden Resources Corporation and prior to that, as Vice
President Exploration and Development for Cliffs Natural Resources
Inc. as well as Freewest Resources Canada Inc. During his tenure
with Freewest, he was a recipient of the Prospectors and Developers
Association of Canada 2009 Bill Dennis Award, as 1 of 5 persons
credited with the ‘Ring of Fire’ discoveries in northern Ontario.
Mr. Hoy holds a B.Sc. degree from the University of Western Ontario
and an M.Sc. degree (Mineral Exploration) from Queen’s
University.
“Don Hoy’s experience, particularly in
evaluating base-metal and VMS projects and leading exploration and
development companies brings to Copper Lake a critical dimension
needed to take the Company to the next stage with its highly
promising properties,” stated CEO, Terry MacDonald. “I very much
look forward to working with Don in moving the Company
forward.”
“The next few years in mineral exploration will
be buoyant times led by the commodities copper, silver, nickel,
cobalt and PGEs. These metals comprise the core of Copper Lake’s
assets and I look forward to enhancing such opportunities, in
tandem with the Copper Lake team,” stated Donald Hoy.
George Mannard, M.Sc., P.Geo., will continue to
be an advisor to the Company on its projects.
About Copper Lake Resources
Copper Lake Resources Ltd. is a publicly traded
Canadian company currently focused on advancing its Marshall Lake
and Norton Lake properties located in Ontario, Canada.
Marshall Lake Property
The Marshall Lake high-grade VMS copper, zinc,
silver and gold property, comprises an area of approximately 104
square km located 120 km north of Geraldton, Ontario and is
accessible by all-season road from the Trans-Canada Highway and
just 22 km north of the main CNR rail line. Copper Lake has an
option to increase its interest to 87.5% from its current 75%
interest. The property also includes 148 claim cells staked in 2018
and 2020 that are 100% owned and not subject to any royalties,
which add approximately 30 square km to the property. The current
consolidated land position has an extensive exploration history
including historical resource estimates as documented and disclosed
appropriately in the 43-101Technical Report on the Marshall Lake
Property dated June 7, 2016 available at
www.copperlakeresources.com.
In addition to the original Marshall Lake
property above, Marshall Lake also includes the Sollas Lake and
Summit Lake properties, which are 100% owned by the Company and are
not subject to any royalties. 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 favorable felsic volcanic units. 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 original Marshall Lake property.
Norton Lake Property
Copper Lake has a 71.41% interest in the Norton
Lake nickel, copper, cobalt, and palladium PGM property, located in
the southern Ring of Fire area, is approximately 100 km north of
the Marshall Lake Property. The Norton Lake property 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.
On behalf of the Board of
Directors,
Copper Lake Resources Ltd.
Terry MacDonald,
CEO
(416)
561-3626
tmacdonald@copperlakeresources.com
www.copperlakeresources.com
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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