Mountain Lake Resources Inc V.MOA

MOA Reports best gold intersection to date

[sar]

High Grade mineralization is focused within three lenses along thecurrent 750+ meter strike length of the Leprechaun Gold Deposit


--(BUSINESS WIRE)-- (TSX-V: MOA) (Pink Sheets: MLKRF) ("MountainLake" or the "Company") is pleased to report the latest drill resultsfrom the Leprechaun Deposit area (Figure1) of the Valentine Lake Gold Property in central include the best intersection of high grade mineralization to date with13.95 grams per tonne (g/t) gold (Au) over 26.1 meters (m) including37.01 g/t Au over 4.5 m in VL-11-352.
Highlights:
* Significant high grade zones, intersected in VL-11-352 with 13.95 g/t Au over26.1 m including 37.01 g/t Au over 4.5 m, VL-11-339 with 2.42 g/t Au over 18.0m including 12.35 g/t Au over 2.7 m, VL-11-348 with 33.42 g/t Au over 3.4 mand VL-11-341 with 6.97 g/t Au over 2.7 m including 20.80 g/t Au over 0.9 m,occur within a wider main zone mineralized envelop that extends along strikefor greater than 100 m.* Hanging wall zones, intersected in VL-11-338 with 1.80 g/t Au over 5.0 m,VL-11-340 with 0.92 g/t Au over 3.0 m and VL-11-342 with 2.84 g/t Au over 2.25m, show along strike continuity of the new hanging wall zone developed inprevious drill holes VL-11-336 and VL-11-332 located immediately to the south.* Infill drilling continues to demonstrate high grade mineralization is focusedwithin three lenses (i.e.: SW Heart of Gold, the central new high grade areaand NE area) which are being delineated along the current 750+ m strike lengthof the Leprechaun Deposit.
For complete release & more information visit: www.mountain-lake.com

[Cousin_Gert]

Checking out where hole 352 was is important in that is shows wide high grade in a whole new are "outside" the Heart of Gold area that is further to the SW. In fact they also have mentioned that even further to the NE there is a 3rd high grade area now identified. It is these area where OZ's add up quickly and mining economics go up accordingly...here is a link to the map showing

[JR5]

Assay results for drill holes VL-11-343, 344, 345, 346 and 347 are pending, assay results for VL-11-348, 349, 350 and 352 were completed as a rush order. Why did they put an rush order on 348, 349, 350 & 352? Never in a hurry before. Did they find something?Cheers,JR.

[westhecat]

Hard to believe that this won't move at all with the recent results.  Seems that the insiders expect it to move some time,  G Woods has been a recent buyer.This has got to be worth $.75 to a buyer which would be a 50% return from the current share price. Only problem is the liquidity. Hard to sell 15-20k shares on short notice without killing the price.Wes

[silentreader]

Hey Wes, pumping on this board too ?

[Ridgeback]

Taylor touts Marathon for potential tenfold gainsTicker Symbol: C:MOZ Taylor touts Marathon for potential tenfold gainsMarathon Gold Corp (C:MOZ) Shares Issued 22,915,928Last Close 10/21/2011 $1.46Monday October 24 2011 - In the NewsJay Taylor, in the Oct. 17, 2011, edition of Gold, Energy & Tech Stocks, says buy Marathon Gold Corp., recently $1.40. This is the first time he has

[langland]

Probably didn't tip MOA because it only has potential for ninefold gains.

[Cousin_Gert]

Thanks RB....I think anyone who has been following the Story of Leprechaun Pond's significant developments since last 43-101 with all the wide high grade hits reported from the continuing 25,000m drilling program should by now realize that this is now becoming a major deposit and could in fact rival some of the best from the Abitibi region in Quebec where a number of 6MM OZ deposits have