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CPL Chapelthorpe

25.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Chapelthorpe CPL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 25.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
25.00 25.00
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Chapelthorpe CPL Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

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Posted at 13/3/2024 18:58 by stu31
Copper Lake Commences Drilling on Its Marshall Lake Copper-Zinc-Silver VMS Property, Northwestern Ontario
07/03/2024 1:15pm
GlobeNewswire Inc.

Copper Lake Resources (TSXV:CPL)

Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”;) is pleased to announce that it has commenced diamond drilling on its Marshall Lake Zn-Cu-Ag VMS property, located in Northwestern Ontario. The drilling is being completed by Helm Diamond Drilling Ltd. based out of Binche, British Columbia, utilizing a Discovery 2 fly diamond drill rig.
Two prime target areas will be the focus of diamond drilling during the current campaign, including a prominent magneto-telluric (“MT”) conductor situated proximal and below high-grade zinc-copper silver stringer mineralization, known as the Deep EM target. The second drill target includes an EM conductor situated 2 km to the east of the Billiton deposit.

MT TARGETS

The magneto-telluric method is a geophysical technique that uses naturally occurring electromagnetic fields (“EM”) to measure the electrical conductivity of the earth. MT conductors reflect the presence of metallic sulphide deposits to depths of up to 1,000 metres, far beyond the depth of historical geophysical surveys completed at Marshall Lake.

SJ Geophysics Ltd., based out of Delta, BC, completed the MT survey in July 2021. The Company had the MT data interpreted and modelled, with the objective of defining deep drill targets. The survey was completed in the locale of the Deep EM target, drilled by the Company in 2021 and 2022, yielding high-grade intercepts including:

8.13% Cu, 7.26% Zn, 240.80 g/t Ag & 0.33 g/t Au over 2.11 metres1
5.81 % Cu, 7.32% Zn, 171.20 g/t Ag & 0.02 g/t Au over 1.95 metres1
2.37% Cu, 1.75% Zn, 413.15 g/t Ag & 0.37 g/t Au over 6.00 metres1
The stringer-style mineralization is situated at a depth of approximately 300 metres below surface. The MT survey was commissioned in order to see conductors reflecting extensions to the identified stringer and/or massive sulphide mineralization to depths of up to 1,000 metres, and potentially expand on the limits and size potential of the VMS mineralizing system.

The 3D modelling delineated 3 strong conductors situated proximal to the Deep EM target and Billiton deposit that are high-grade stringer or feeder zones (Figures 1). All 3 MT conductors are thought to be very prospective for the presence of a nearby massive sulphide deposit. None of the MT conductors have been tested by diamond drilling.

MT Conductor 1 is the highest priority conductor for drilling given its close association with bore-hole electromagnetic (BHEM) conductors and associated high-grade stringer mineralization, centered 300 metres below surface (collectively the Deep EM Target). The upper part of MT Conductor 1 coincides very closely with the BHEM plates and mineralization but most importantly, continues down-plunge to the southeast to a depth of close to 1,000 metres (Figure 2). The geological and geophysical evidence suggests that MT Conductor 1 could be reflecting the down-plunge extension of the high-grade stringer mineralization reported above, but at greater depth.

Clearing and cribbing of the site for the drill rig to access MT Conductor 1 is currently underway. It is anticipated that the drill will be on the site and coring within the next three to four days. The Discovery 2 fly drill rig has a depth capability of 750 metres turning NQ-size rods, and it is expected that the hole will be completed to at least that depth.

BUILD-UP CONDUCTOR TARGET

An interesting electromagnetic conductor, known as the Build-Up Conductor, was fully defined in a recent large-loop electromagnetic survey (LLEM) completed by Abitibi Geophysics. The conductor, located in younger rocks, is approximately 2 kilometres east of the Billiton deposit in an un-drilled area of the Marshall Lake property. The conductor as modelled, has dimensions of 500 metres by 150 metres and has moderate strength conductance.

A single drill hole (MAR-24-01) was completed to test the conductor. The hole intersected a thick sequence of altered volcanic rocks intruded by gabbro sills. Alteration in the volcanic and intrusive lithotypes comprises weak to moderate chloritization, silicification and potassic alteration in high-grade metamorphic rocks. Disseminated magnetite as well as patchy and net-textured pyrrhotite and pyrite are hosted within the rock types, over significant widths. The presence of the magnetite as well as pyrrhotite and pyrite are believed to explain the presence of the conductor.

Sampling of the altered and mineralized sections of the core will be undertaken in the coming days. Assay results will be released as they become available.

1Analyses completed by Activation Laboratories in Ancaster, Ontario utilizing the 1A2 – Fire Assay, AA Finish, 1H INAA (INAAGEO), Total Digestion (Total) and the UT-7, Sodium Peroxide Fusion (ICP & ICP MS) analytical packages

QUALIFIED PERSON

Donald Hoy, M. Sc., P. Geo. Copper Lake’s Vice President of Exploration, is the Qualified Person responsible for the technical content contained in this news release.

ABOUT COPPER LAKE RESOURCES

Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario. www.copperlakeresources.com

The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of approximately 220 square km located 120 km north of Geraldton, Ontario and is just 22 km north of the main CNR rail line. Copper Lake has a 81.54% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project 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 original property.

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. The Marshall Lake project is located in the traditional territories of the Aroland and Animbiigoo Zaagi igan Anishinaabek (“AZA”) First Nations.

Copper Lake has a 69.79% joint venture 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 is located in the traditional territories of the Eabametoong (“Fort Hope”) and Neskantaga First Nations.
Posted at 30/1/2024 17:47 by stu31
Copper Lake Provides Exploration Update on Its Marshall Lake Copper-Zinc-Silver VMS Property, Northwestern Ontario
30/01/2024 1:00pm

Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”;) announces that the Company has contracted with Forage Geo-Nord to conduct drilling for the winter 2024 drill program. The Company recently finalized the primary targets for the winter 2024 drill program, known as the MT conductors and the Build-up conductor.
As the Ministry of Natural Resources and Forestry (“MNRF”) had decommissioned two bridges in 2023 that had previously been used to access the drill site from the south side of the property, the Company had planned to access the property from the north side, using the Ogoki Road. However, the unusually warm winter has delayed the freeze-up and the conditions will not allow us to access the site at this time with the planned drill equipment. The drill rig that we had planned to use, which is capable of drilling to depths of 1,500 meters, is too heavy to fly in by helicopter.

As a result, we will focus our drilling efforts on the Build-up Conductor where the targets are likely to be less than 500 meters in depth, and we can use a smaller drill that can be mobilized to site by helicopter.

The Build-up Conductor appears to be an extension of the MT Conductor, which is trending to the east, as shown in the attached geophysical images.

MT SURVEY INTERPRETATION

The magneto-telluric (MT) method is a geophysical technique that uses naturally occurring electromagnetic fields (EM) to measure the electrical conductivity of the earth. MT conductors reflect the presence of metallic sulphide deposits to depths of up to 1,000 metres, far beyond the depth of historical geophysical surveys completed at Marshall Lake. SJ Geophysics Ltd., based out of Delta, BC, completed the MT survey in July 2021.

The Company recently had the MT data interpreted and modelled, with the objective of defining deep drill targets. The survey was completed in the locale of the Deep EM target, drilled by the Company in 2021 and 2022, yielding high-grade intercepts including:

8.13% Cu, 7.26% Zn, 240.80 g/t Ag & 0.33 g/t Au over 2.11 meters
5.81 % Cu, 7.32% Zn, 171.20 g/t Ag & 0.02 g/t Au over 1.95 meters
2.37% Cu, 1.75% Zn, 413.15 g/t Ag & 0.37 g/t Au over 6.00 meters1
Such stringer-style mineralization is situated at a depth of approximately 300 metres below surface. The intent of completing the MT survey was the ability to see conductors to depths of up to 1,000 metres, well below the stringer mineralization associated with the Deep EM target documented above.

The 3D modelling delineated 3 strong conductors, 2 of which are centered at a depth of approximately 500 meters below surface. The conductors are situated proximal to the Deep EM target and Billiton deposit that are high-grade stringer or feeder zones (Figures 1). Thus, all 3 MT conductors are thought to be very prospective for the presence of a nearby massive sulphide deposit. None of the MT conductors have been tested by diamond drilling.

MT conductors 1 and 2 are closely related to the Deep EM target and associated with high-grade stringer mineralization and may manifest the down-dip or down-plunge extension of such mineralization. Collectively, both conductors are strong and persistent at depths commencing at 400 meters and persisting to a maximum depth of 1,000 meters below surface, respectively (Figure 2).

MT conductor 3 is a shallower target, the top of which is located 250 meters below surface and may represent the down-dip extension of the Billiton deposit, to the west of its known extent. It also may represent a parallel or stacked zone of mineralization. Historic drilling is not known to have been completed on MT conductor 3.

BUILD-UP CONDUCTOR

Large-loop electromagnetic (EM) surveys were conducted by Abitibi Geophysics during the winter of 2023. A compelling Build-up conductor was defined by the survey, situated approximately 2 kilometers to the east of the MT Conductors and Billiton deposit (Figure 3). This conductor is interpreted to be hosted in younger rocks, stratigraphically above the rocks associated with the Billiton deposit and MT conductors. Notably, the apparent east-west trend of MT conductors 1, 2 and 3 if extended to the east, would coincide closely with the location of the Build-up conductor. Also, a syn-volcanic fault and magnetic high documented on Government maps, transects the conductor, adding further potential to the prospects of the target.

A geophysical contractor will be on site within a week to complete additional large-loop EM surveying to fully define the size, strength and orientation of the Build-up conductor. It is anticipated that the survey will take 4 to 5 days to complete with results to be in hand shortly thereafter.

ABOUT COPPER LAKE RESOURCES

Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario. www.copperlakeresources.com

The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of approximately 220 square km located 120 km north of Geraldton, Ontario and is just 22 km north of the main CNR rail line. Copper Lake has a 81.54% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project 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 original property.

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. The Marshall Lake project is located in the traditional territories of the Aroland and Animbiigoo Zaagi igan Anishinaabek (“AZA”) First Nations.

Copper Lake has a 69.79% joint venture 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 is located in the traditional territories of the Eabametoong (“Fort Hope”) and Neskantaga First Nations.
Posted at 27/12/2023 23:01 by stu31
COPPER LAKE RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

December 15, 2023 – Toronto, ON – Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt:
WOI, OTC: WTCZF) (“Copper Lake” or the “Company”;) is pleased to announce the closing of afirst tranche of a private placement of units of the Company (the “Private Placement”) for gross proceeds of $550,000.
The Private Placement is comprised of the issuance of 12,200,000 Non Flow-Through Units (“NFT Units”) at a price of $0.025 per NFT Unit and 9,800,000 Flow-Through Units (“FT Units”) at a price of $0.025 per FT Unit. Each NFT Unit is comprised of one common share in the capital of Copper Lake (a “Common Share”) and one Common Share purchase warrant (a “NFT Warrant”).
Each FT Unit is comprised of one Flow-Through common share and one-half of one Common Share purchase warrant (each whole warrant a “Warrant”;). Each Warrant entitles the holder to acquire one additional share at an exercise price of $0.10 per Common Share. Warrants issued as part of the NFT Units will be exercisable for a period of 36 months from the closing date. Warrants issued as part of the FT Units will be exercisable for a period of 24 months from the closing date.
The Warrants shall be subject to an accelerated expiry date clause whereby. At any time following the expiry of the four-months and one day hold period, should the weighted average closing price of the Common Shares on the TSX Venture Exchange (the “TSX-V”) be more than $0.20 for a period of 15 consecutive trading days, the Company shall be entitled to accelerate the expiry date of the warrants to a date which is 30 days following the date on which the Company announces the accelerated expiry of the Warrants by press release.
The net proceeds of the financing will be used for exploration at the Company’s Marshall Lake project and for general working capital purposes.
In connection with the first closing of the private placement, the Company will pay a cash finders’ fee of $15,050, issue 308,000 NFT Units and issue 910,000 finders’ warrants, representing 7% cash and 7% finder’s warrants. Each finders’ warrant entitles the holder to acquire one additional share at an exercise price of $0.10 per Common Share for a period of 36 months from the closing date.
Completion of the private placement and payment of any finders’ fees remain subject to the receipt of all necessary regulatory approvals, including approval of the TSX-V.
In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will have a hold period of four months and one day from the date of issuance
Posted at 27/12/2023 22:58 by stu31
COPPER LAKE ANNOUNCES APPROVAL OF $200,000 OJEP GRANT AND RECEIPT OF EXPLORATION PERMIT

December 8, 2023 – Toronto, ON – Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”;) is pleased to announce that it has been selected to receive grant funding of up to $200,000 under the Ontario Junior Exploration Program (“OJEP”) from the Ontario Government. This amount will cover up to 50% of eligible exploration costs, to a maximum of $200,000 in respect of expenditures incurred by the Company during the period from April 1, 2023 to February 15, 2024, on the Marshall Lake MT Conductor Project.
The Company was also notified on November 20, 2023 that its Exploration Permit Application on the Marshall Creek Project had been issued, for a period of three years. The Marshall Creek Project area includes the E-W Build-Up Conductor (see July 19, 2023 News Release). The permit will allow us to perform the planned LLEM survey to determine the extent of the conductor and identify drill targets, with drilling to immediately follow.

Financing Update
The previously announced private placement (see November 17, 2023 News Release) is expected to close between December 12, 2023 and late December 2023. The net proceeds of the financing will be used for exploration at the Company’s Marshall Lake project and for general working capital purposes. Additionally, the use of proceeds does not include any proposed payments to non-arms length parties nor any payments to persons conducting Investor Relations activities.
Posted at 27/12/2023 22:57 by stu31
COPPER LAKE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

November 17, 2023 – Toronto, ON – Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt:
WOI, OTC: WTCZF) (“Copper Lake” or the “Company”;) is pleased to announce that it intends to complete a non-brokered private placement financing for total gross proceeds of up to $2,500,000.
The financing will consist of up to 30,000,000 Non Flow-Through Units (“NFT Units”) at a price of $0.025 per NFT Unit and up to 70,000,000 Flow-Through Units (“FT Units”) at a price of $0.025 per FT Unit. Each NFT Unit is comprised of one common share in the capital of Copper Lake (a “Common Share”) and one Common Share purchase warrant (a “Warrant”;). Each FT Unit is comprised of one Flow-Through common share and one-half of one Common Share purchase warrant (each whole warrant a “Warrant”;). Each Warrant entitles the holder to acquire one additional share at an exercise price of $0.10 per Common Share. Warrants issued as part of the NFT Units will be exercisable for a period of 36 months from the closing date. Warrants issued as
part of the FT Units will be exercisable for a period of 24 months from the closing date.
The Warrants shall be subject to an accelerated expiry date clause whereby. At any time following the expiry of the four-months and one day hold period, should the weighted average closing price of the Common Shares on the TSX Venture Exchange (the “TSX-V”) be more than $0.20 for a period of 15 consecutive trading days, the Company shall be entitled to accelerate the expiry date of the warrants to a date which is 30 days following the date on which the Company announces the accelerated expiry of the Warrants by press release.
Closing of the proposed private placement is subject to obtaining all required approvals, including the approval of the TSX-V and any other regulatory approval. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws. The securities have not been, and will not be, registered
under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
The Company may pay a finder’s fee consisting of cash and finders’ warrants to certain qualifiedindividuals. Each finders’ warrant would be issued upon the same terms as the NFT Unit Warrants issued as part of the offering.
The financing is expected to close on or about December 7, 2023. The net proceeds of the financing will be used for exploration at the Company’s Marshall Lake project and for general working capital purposes. In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will have a hold period of four months and one day from the date of issuance.

ABOUT COPPER LAKE RESOURCES
Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario. www.copperlakeresources.com
The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of approximately 220 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 a 79.45% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project 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 original property.
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. The Marshall Lake project is located in the traditional territories of the Aroland and Animbiigoo Zaagi igan Anishinaabek (“AZA”) First Nations.
Copper Lake has a 69.79% joint venture 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 is located in the traditional territories of the Eabametoong (“Fort Hope”) and Neskantaga First Nations.
Posted at 17/1/2022 21:12 by scotian
You guys who think you're still in negative territory!
You havn't forgotten have you, that you received about 2.54 CPL for every 1 MLM, Which means your purchase price has to hsve been above 25 pence to have a loss to declare at 17.30 cents
Posted at 22/7/2010 15:53 by dpmcq
When will we get a statement from CPL re this offer and are they going to recommend it?
Posted at 10/6/2010 14:25 by arnit
The pension problem is hardly a ballooning one. £8.8m at the interim stage and reduced to £6.9m at year end. Mainly an accounting problem caused by very low interest rates and bond yields. Anyway, that's only a years cash flow.

Dividend expected next year, and best of all, the prat director who presided over the destruction of shareholder value has gone. They were at the equivalent of 250p not that long ago. It may be a while before they get back there, but they seem to be on track at last.
Posted at 10/6/2010 07:21 by arnit
Overall it is quite good.

EPS of 5.28p including exceptionals and 3.77p underlying. Strong cash flow means that debt could be eliminated in about 18 months and they intend to pay a dividend next February.

The margins are still very low, there is plemty of room for future improvement.
Posted at 03/6/2010 11:06 by arnit
Good riddance Brian Leckie.

I suppose the appointment of Tom Russel is mildly good news. If he is representig Hanover investments who own 25% of CPL, hopefully he will want to see an improvement in the shareprice.

No announcement on when results are due. It was on the 11th June last year.

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