The resource sector was where it was at Monday, at least on Canadian markets, with materials moving up 1.6% on the TSX.
Toronto-based Copper Lake Resources Ltd. (TSX-Venture: CPL) announced Monday it is proceeding with a Spectral Analysis survey of the Company’s Marshall Lake property and environs.
The survey will assist in defining drill targets on the copper-zinc-silver-gold project northeast of Thunder Bay, Ontario, in addition to the potential identification of new targets in previously unexplored areas of the property.
Copper Lake CEO Terry MacDonald commented, "the Aster Funds survey allows the Company to continue low-cost exploration with mapping the entire Marshall Lake property at once, and leveraging our project knowledge from previous successful exploration, which included drill intersections averaging 1.07% copper and 20.1 g/t silver over 25.3m at near-surface in the Gazooma Zone. We are very optimistic that the 2020 work program at Marshall Lake will result in new discoveries.”
CPL shares didn’t have world-beating volume by the last hour on Monday, trading in only 16,000 shares, but gaining in price half a cent, or 33.3%, to two cents.
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