In the News!Mountain Lake Resources Inc (C-MOA) - In the News
Globe/CP say Mountain finds pot of gold at Leprechaun
2010-04-09 06:29 ET - In the News
Shares issued 29,046,938
MOA Close 2010-04-08 C$ 0.455
Also In the News (C-MAR) Marathon PGM Corp
The Globe and Mail reports in its Friday, April 9, edition that Mountain Lake Resources climbed 16 cents in heavy trading to finish Thursday on the TSX Venture Exchange at 45.5 cents. A Canadian Press dispatch to The Globe reports the stock rallied Thursday after the Halifax-based company released drilling results from the Leprechaun gold deposit in Newfoundland. Average daily volume for the stock is 34,000 shares. On Thursday nearly five million shares traded. The company said it had found significant amounts of high-grade gold mineralization at the Leprechaun deposit, part of the Valentine Lake gold project in central Newfoundland. The project is operated by Marathon PGM. Its shares gained 31 cents to close on the Toronto Stock Exchange at $1.65, or 11 cents above its previous 52-week high of $1.54. The companies reported that the Leprechaun deposit has an inferred mineral resource of about 1,314,780 tonnes, grading 10.50 grams per tonne of gold. Based on that, the total estimated resource is 359,000 ounces of gold. However, results from a recent drilling program show many gold-bearing holes outside of the current NI 43-101 compliant estimate, which meets Canadian standards for resource estimates.