Ontarios Next Copper Discovery Copper-Zinc-Silver-Gold VMS Camp - - PowerPoint PPT Presentation

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Ontarios Next Copper Discovery Copper-Zinc-Silver-Gold VMS Camp - - PowerPoint PPT Presentation

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Ontarios Next Copper Discovery Copper-Zinc-Silver-Gold VMS Camp July 2019 | TSX.V: CPL Disclaimer Cautionary Statement These presentation materials include certain statements which may be deemed to be forward - looking statements . All

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July 2019 | TSX.V: CPL

Ontario’s Next Copper Discovery

Copper-Zinc-Silver-Gold VMS Camp

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Disclaimer Cautionary Statement

These presentation materials include certain statements which may be deemed to be “forward- looking statements”. All statements, other than statements of historical facts, that address such matters as future exploration, drilling exploration, activities, potential mineralization and resources and events or developments that the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing, and assume no obligation to update or revise forward-looking statements as results of new information to reflect actual results, future events or otherwise. Any forward-looking statements are expressly qualified in their entirety in this cautionary statement. This is not to be construed as an offer to buy or sell securities of Copper Lake Resources Ltd. www.copperlakeresources.com TSX.V: CPL 2

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Advanced exploration stage properties all located in Ontario

  • Marshall Lake Copper-Zinc-Silver-Gold Property
  • Norton Lake Magmatic Nickel-Copper-Cobalt-PGM Project
  • High-Grade Gold Properties:
  • Mine Lake
  • Queen Alexandria
  • Grand Chibougamau
  • Centrefire-Redhat

Portfolio of Properties

www.copperlakeresources.com TSX.V: CPL 3

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SLIDE 4
  • Marshall Lake Advanced VMS Property: high-grade

copper stringer intercepts in drilling along with high-grade silver; historic resource in the process of updating; currently developing a 3D model.

  • Norton Lake Nickel-Copper-Cobalt-PGM project

located in the Ring-of-Fire, Ontario has a NI 43-101 compliant Measured & Indicated Resource:

  • 2.26 Mt @ 0.67% Ni, 0.61% Cu, 0.03% Co &

0.46 g/t Pd.

  • Four high-grade gold properties located near

Kenora, Ontario have high-grade historic assays.

Company Highlights

www.copperlakeresources.com TSX.V: CPL 4

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SLIDE 5

Shares Issued 119,552,185 Options @ $0.051 8,850,000 Convertibles @ $0.10 1,125,000 Warrants @ $0.07 (exp. Dec 2019

– Sept 2021)

22,230,936 Fully Diluted 152,608,121 Market Cap (based on $0.02) $2.4 M 2018 share price range $0.015 - $0.095

www.copperlakeresources.com TSX.V: CPL 5

Institutional Shareholders Dundee Resources Limited 10.5% Insider Ownership Paul McGroary 11.2% Edward Yurkowski 10.2% Other insiders and consultants 11.4% Total Shares 43.3%

Capital Structure – April 30, 2019 (Q2)

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MARSHALL LAKE VMS CAMP

www.copperlakeresources.com TSX.V: CPL 6

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  • 22 km north of CN rail, 310 km from Thunder Bay
  • Approximately 100 sq km in size
  • 400+ historical holes
  • Completed 14 holes in 2018 (2,868 metres)
  • Truck-accessible year round
  • 75% interest with option to earn up to 87.5%
  • Numerous copper-rich stringer targets located at

surface and in drilling

  • High-grade copper stringer intercepts in drilling

Marshall Lake VMS Advanced Copper-Zinc-Silver-Gold Project

www.copperlakeresources.com TSX.V: CPL 7

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SLIDE 8

Zone Target Depth Metres % Cu (% Zn) g/t Ag (g/t Au) Main* #1 36.8m 10.2m 1.25% Cu, 1.04% Zn 56.1 g/t Ag, 0.16 g/t Au

*includes 4.0m 1.93% Cu

Main #1 28.0m 9.7m 1.19% Cu, 3.22% Zn 79.5 g/t Ag, 0.20 Au Main #1 50.8m 7.4m 2.97%Cu, 10.98% Zn 219.7 g/t Ag, 0.34 g/t AU Main #1 84.0m 6.1m 1.89% Cu, 4.03% Zn 145.69 g/t Ag Main #1 70.4m 5.5m 2.28% Cu, 9.79% Zn 124.4 g/t Ag Gazooma #2 7.0m 28.0m 1.14% Cu 22.5 g/t Ag, 0.17 g/t Au Gazooma #2 3.0m 27.1m 2.03% Cu 37.9 g/t Ag, 0.31 g/t Au Gazooma #2 2.0m 28.7m 1.30% Cu 24.7 g/t Ag, 0.29 g/t Au Gazooma #2 23.9m 14.8m 2.46% Cu 47.6 g/t Ag, 0.34 g/t Au Gazooma #2 1.5m 21.3m 0.83% Cu 15.7 g/t Ag, 0.12 g/t Au Teck Hill #3 52.0m 44.5m 0.93% Cu 10.1 g/t Ag RM #4 70.0m 24.0m 1.74% Cu 8.9 g/t Ag, 0.32g/t Au RM #4 149.0m 33.0m 1.53% Cu 6.8 g/t Ag, 0.13 g/t Au RM #2 84.0m 70.0m 0.56% Cu 2.7 g/t Ag

www.copperlakeresources.com TSX.V: CPL 8

Marshall Lake Copper-Gold Project Significant Historical Drill Results

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N

Property Boundary

Main Billiton Zone RM Zone

Jewel Box

Gazooma Zone Cherry Hill Zone

South Billiton 72 Occurrence 66 Occurrence Billiton 2

Teck Hill Zone

Marshall Lake

1 6 2 3 4 5

Enlarged Map

0 2 4 6km

Felsic Intrusive Felsic Metavolcanic Tuffacious Sandstone Ultramafic intrusive Felsic Sill Summit Lake Pluton (Tonalite) Intermediate Metavolcanic Summit Lake Pluton (Marginal) Metasedimentary Clastic Metasedimentary

LEGEND Adnarod

Lin Trend

VTEM Conductors Mineralized Zones

www.copperlakeresources.com TSX.V: CPL 9

Marshall Lake: Targets & VTEM Anomalies

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  • Untested VTEM Modelled

Plate

  • Drill Hole MAR-07-11

drilled above and to side of the VTEM conductor

  • Intersected massive

sulphides

  • Plate open and untested

down dip at South Billiton

  • Shallow: <150 m depth

www.copperlakeresources.com TSX.V: CPL 10

Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-001 Conductor: South Billiton

10.20 m @ 1.25% Cu, 1.04% Zn & 56 g/t Ag Including 4 m @ 1.93% Cu

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COPPER LAKE RESOURCES LTD

TSX-V CPL; Frankfurt W01

  • Conductor: Open and untested

www.copperlakeresources.com TSX.V: CPL 11

Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-002 Conductor: Gazooma

4 m @ 1.73% Cu, 0.27g/t Au, & 34g/t Ag 3 m @ 1.88% Cu, 0.62 g/t Au, & 42 g/t Ag 10 m @ 1.18% Cu, 0.26 g/t Au, & 28 g/t Ag

2018 exploration program: 25.30m @1.07% Cu, 20.1 g/t Ag from a depth of 1.05m, including 13.85m @ 1.54% Cu, 28.3 g/t Ag from 11.20m

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COPPER LAKE RESOURCES LTD

TSX-V CPL; Frankfurt W01

  • Drilling at Teck Hill intersected

edge of conductor

  • Hole TK-07-02 drilled above

plate hit 0.75 m @ 1.20 g/t Au, 5.20% Cu

  • 479,300 t @ 1.04% Cu

(historical resource, non-compliant) www.copperlakeresources.com TSX.V: CPL 12

Marshall Lake VMS Copper-Zinc-Silver-Gold Project VTEM-003 Conductor: Teck Hill

4.25 m @ 3.79% Cu, 0.27 g/t Au & 38 g/t Ag 4.70 m @ 2.34% Cu, 0.11 g/t Au & 25 g/t Ag

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  • Mapped over 350 m strike length
  • Folded and east plunging
  • Quartz-sericite alteration
  • Massive sulphide lenses
  • Plus Billiton Two Zone: historic drilling - 1.28 m

@ 2.06 g/t Au, 4.90% Cu

  • Drill results up to 3.81 m @ 14.54 g/t Au
  • Only tested by 2 drill holes
  • Channel sampling: Up to 0.49 g/t Au, 1.62% Cu

www.copperlakeresources.com TSX.V: CPL 13

Marshall Lake Copper-Zinc-Silver-Gold Project Gold-Rich Zones: Adnarod Zone

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  • 1.2 km strike length
  • Quartz-sericite

alteration, quartz veins

  • Massive sulphides
  • Chip Sampling: Up

to 1.05 g/t Au, 2.82% Zn

www.copperlakeresources.com TSX.V: CPL 14

Marshall Lake VMS Copper-Zinc-Silver-Gold Project Gold-Rich Zones: Lin Structure

2016 Grab Samples Au (g/t)

< 0.2 0.2 to 0.25 0.25 to 0.5 0.5 to 1 >1

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Norton Lake Magmatic Nickel-Copper-Cobalt-PGM Property

www.copperlakeresources.com TSX.V: CPL 15

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  • Located about 50 km northeast of

Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario

  • NI 43-101 compliant resource:
  • Measured & Indicated:
  • 2.26 Mt @ 0.67% Ni, 0.61%

Cu, 0.03% Co & 0.46 g/t Pd

  • Inferred:
  • 0.20 Mt @ 0.66% Ni, 0.59%

Cu, 0.59% Co, 0.47g/t Pd

  • Significant extension opportunities
  • Parallel mineralised trend

identified

  • 71.41% interest through JV

www.copperlakeresources.com TSX.V: CPL 16

Norton Lake Magmatic Nickel-Copper-Cobalt- PGM Property

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www.copperlakeresources.com TSX.V: CPL 17

High-Grade Gold Properties

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  • Patricia and Kenora Districts
  • All-year access
  • Ability to achieve 100% earn-in
  • High-grade gold vein and

banded iron

  • Intercepts in drill and channel

samples

  • Adit and shaft workings
  • Low-cost exploration
  • Additional staking potential

www.copperlakeresources.com TSX.V: CPL 18

Northwest Ontario Greenstone Belt Gold Properties

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Property Location Description Assays 2018 Plans Mine Lake 230 km northwest

  • f Thunder Bay

1500 m long, 50 m wide. 3 shear zones. Quartz-Fe CO3 veins. Quartz-sericite alteration. Channels:

  • 3.2 m @ 6.90 g/t Au
  • 0.5 m @ 15.40 g/t Au
  • Assays up to 55.6g/t

+VG Summer exploration program planned for 2019 Queen Alexandria 47 km south of Dryden Past producer via 1904 shafts (2). Quartz veining in chlorite-carbonate alteration averaging 0.5 m wide located within a major NNE-SSW shear zone. Grab sampling:

  • up to 28.8 g/t Au, 140.9

g/t Au and 89.3 g/t Au Summer exploration program planned for 2019 Grand Chibougamau 65 km southeast of Kenora in Kakagi Lake – Rowan Lake Greenstone Belt Two main gold mineralized zones – the North Zone and the Main Zone. Grab sampling:

  • Main Zone gold assays
  • f up to 2.40 g/t

and 6.51 g/t

  • North Zone up to 21 g/t

Summer exploration program planned for 2019 Centrefire-Redhat 40 km northeast of Dryden within mafic rocks Original target was Redhat VMS by Phelps Dodge 15.2 m @ 0.39% Cu. Prospected and identified gold on surface for 4 km. Grab sampling:

  • Centrefire Zone assays

up to 23 g/t Au Summer exploration program planned for 2019

www.copperlakeresources.com TSX.V: CPL 19

High-Grade Gold Properties: Option to Own 100%

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Grab samples: g/t Au Channel samples: g/t Au

Thomas Lake Mine Lake Stewart Contact Zone 29.0g/t Au 55.6g/t Au 62.8g/t Au 3.2m@6.90g/t Au 0.5m@15.4g/t Au

Mafic Volcs Felsic Volcs Mafic Intrusions Shear Zone www.copperlakeresources.com TSX.V: CPL 20

Northwest Ontario Greenstone Belt Mine Lake Gold Property

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Terry MacDonald, CPA, CA, Director and CEO, A Chartered Accountant with over 30 years’ experience in financial and resource sectors Gary O’Connor, MAus IMM, Director, Co-CEO, Moneta Porcupine Mines Inc. Former Vice-President, Exploration at Dundee Resources Paul McGroary, Director, Seed Investor

  • f Marshall Lake Project and entrepreneur
  • Dr. Jeffrey Malaihollo, FAus IMM, Director

Chairman, Edenville Energy Plc, UK-listed coal producer

www.copperlakeresources.com TSX.V: CPL 21

Directors & Management

Lisa Korinek, MBA, Chief Financial Officer, Wide-ranging experience in FMCG sector

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Terry MacDonald, CEO T: +1-416-5613626 E: tmacdonald@copperlakeresources.com Cathy Hume, CHF Capital Markets T: +1-416-868-1079 x 231 E: cathy@chfir.com www.copperlakeresources.com TSX.V: CPL 22

Contact Us

Social Media:

@lake_copper @CopperLakeResources @Copper Lake Resources Ltd.