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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Comment by Cousin_Gerton Jan 14, 2010 10:26am
291 Views
Post# 16677939

RE: RE: RE: The diamonds?...The zinc??

RE: RE: RE: The diamonds?...The zinc??Re the Zinc:
 
Bobby's Pond is a very tidy high grade zinc/copper/lead deposit. Before base metal prices tanked in 2008 the thought was this they needed a bit more work to get the deposit size a bit larger for a stand alone project. The thoughts were to drill deeper, as it was "very" open at depth, and to add some satellite deposits into the current 43-101 with a bit more work in these adjacent areas. I expect that this is still the plan and expect with base metals once again strong, there will be news on this before too long. My understanding is that the Duck Pond mill operated by Tech(they bought out AUR) is still humming along nicely and adding many $' Millions to Tech's net income. With BP so close(~30km by road I recall) to Tech, there no doubt would be incentive for them to be looking in the area for additional tonnage. The Mill cost them about $100MM and should easily outlive the Duck Pond deposit....so I would guess, that Bobby's Pond will get some attention very soon...C.Gert
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