News Out...MOA to drill Little RiverI really like that this new gold find is going on a fast tract to drilling...sure would add some serious excitement if they hit. Appears that this property has never been drilled and only recently has begun the testing of the outcrops some never before even been identified(assays pending)...good stuff...
Mountain Lake starts exploration work at Little River
2009-07-07 14:08 ET - News Release
Mr. Gary Woods reports
NEXT PHASE OF EXPLORATION UNDERWAY AT MOUNTAIN LAKE'S LITTLE RIVER GOLD PROPERTY
Mountain Lake Resources Inc.'s field exploration work has commenced on the Little River gold property in southern Newfoundland to prepare for the company's initial phase of drilling.
Line cutting got under way last month and the soil sampling grid has been extended to the northeast of the 2008 grid over an area of poorly delimited historic soil anomalies. Very strong gold-arsenic soil anomalies were identified in the northern portion of the 2008 grid and several impressive arsenopyrite occurrences have been identified and sampled in this year's follow-up program. Assays are pending and gold is almost always associated with arsenopyrite on the property, which is quite visible and easily identifiable.
No historic drilling has taken place in the areas of these anomalies and occurrences. Upon receipt of the analytical results from the soil geochemical survey, the company plans to prospect and then trench and sample the priority anomalies. The analytical results from trenching samples will determine the drill hole locations for the initial drill program.
Mountain Lake would also like to extend its gratitude to the Newfoundland and Labrador Department of Natural Resources, Mines and Energy Division, for its approval of a $100,000 grant to contribute to the costs of this year's Little River exploration program through the Junior Exploration Assistance program.
The Little River property consists of 448 mining claims comprising 11,200 hectares over a strike length of about 33 kilometres in the Baie D'Espoir area of southern Newfoundland. The property is close to local population centres, is crosscut by major power lines, and can be accessed by way of the Bishop Falls to Harbour Breton Highway and secondary roads and trails that exist on the property. Mountain Lake has an option to earn a 100-per-cent interest in the property.
Gary Woods, PGeo, president and chief executive officer of Mountain Lake, is the qualified person on the Little River property, and has reviewed and verified the contents of this news release.
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C.Gert