Globe & Mail Article: Pot of GoldGlobe/CP say Mountain finds pot of gold at Leprechaun
Ticker Symbol: C:MOA C:MAR
Globe/CP say Mountain finds pot of gold at Leprechaun
Mountain Lake Resources Inc (C:MOA)
Shares Issued 29,046,938
Last Close 4/8/2010
.455
Friday April 09 2010 - In the News
Also Marathon PGM Corp (C:MAR) In the News
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.
2010 Canjex Publishing Ltd.
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Credit to you shareholders, found about this only yesterday and looking for a low. Looks like .435 might have been it. I think this could continue upwards a long ways......
BCG