NEWS - Nearly 15 Oz Gold per ton!!!
Trouble getting the whole release...go to link below to get a lot more additional info. So much going on...this is moving almost too fast to catch up with...great news last Thursday and now this!!!!! C.Gert
https://www.mountain-lake.org/MOA_NR_04-13-10_VL-ResultsV.pdf
Mountain Lake Resources Inc. Purdy’s Wharf, Tower 1 1700-1959 Upper Water Street Halifax, NS, B3J 3N2 Tel.: 604.839.6946 News Release
Mountain Lake: Leprechaun Delivers Again with High Grade Intervals Up to 506 g/t (14.76 oz/t) Within Broader 9 m Interval of 38.32 g/t (1.12 oz/t) Gold
Results continue to increase open pit potential and expand gold resource
Halifax, Nova Scotia, April 13, 2010 – Mountain Lake Resources Inc. (TSX-V: MOA) ("Mountain Lake" or the "Company") is pleased to report more, significant intersections of high grade gold mineralization in the latest analytical results from the 33 hole drill program recently completed at the Leprechaun Deposit area of the Valentine Lake Gold Project (the "Project"), located in Central Newfoundland, Canada.
Marathon PGM Corp. (TSX: MAR) ("Marathon") is the operator of the Project under the sub-option and joint venture agreement ("OJVA") between Mountain Lake and Marathon. For more information on the OJVA see the news release of December 23, 2009.
Highlights:
? best intersection returned 38.32 grams per tonne (g/t) or 1.12 ounces per short ton (oz/t) gold (Au) over a true width of 9.00 metres (m) in hole VL-10-165
? hole VL-10-165 returned the highest grade Au intersection ever recorded at Valentine Lake with 321.05 g/t (9.36 oz/t) Au over a true width of 0.8 m, including 506.15 g/t (14.76 oz/t) Au over a true width of 0.4 m
? VL-10-165 is 75 m northeast of VL-10-160, which was reported last week and returned 6.79 g/t Au over a true width of 25 m and includes two high grade intersections of >105 g/t (3 oz/t) Au both over true widths of 0.5 m
? VL-10-164, which is 50 m southwest of VL-10-160, intersected 9.35 g/t Au over a true width of 5.6 m
? majority of drill holes intersected gold mineralization on the margin or outside the current NI 43-101 compliant resource envelope and will improve the potential for open pit mining and expand the gold resource of the Leprechaun Deposit
? other gold occurrences exist throughout the 30 kilometre (km) long Valentine Lake Property
? historical drilling on strike to the northeast encountered mineralization over 2 km
? the next phase of drilling is scheduled to commence in next month
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"Since I joined the gold mining sector in 1980, I have personally been involved with the development of several gold mines. From the first time I viewed the property, I felt that Valentine Lake had the potential to host a significant gold deposit. Everything we’ve achieved to date confirms this view," said Phillip Walford, President and CEO of Marathon.
|
Latest analytical results from the Leprechaun Deposit are as follows:
Best Main Zone Results
|
Section
|
From
(m)
|
To
(m)
|
Core Width (m)
|
True Width (m)
|
Au
(g/t)
|
Au Cut to
58 g/t
|
Au Uncut (oz/t)
|
|
VL-10-163
|
10,025
|
58.7
|
81.4
|
22.7
|
8
|
1.45
|
|
including
|
10,025
|
62.9
|
68.9
|
6
|
2
|
4.00
|
|
VL-10-164
|
9,925
|
126
|
131.6
|
5.6
|
5.6
|
9.35
|
|
VL-10-165
|
10,000
|
164
|
173
|
9
|
9
|
38.32
|
*13.40
|
1.12
|
|
including
|
10,000
|
167
|
167.8
|
0.8
|
0.8
|
321.05
|
*58.00
|
9.36
|
|
including
|
10,000
|
167
|
167.4
|
0.4
|
0.4
|
506.15
|
*58.00
|
14.76
|
|
and
|
10,000
|
170.5
|
171
|
0.5
|
0.4
|
76.22
|
*58.00
|
2.22
|
|
and
|
10,000
|
171.5
|
172
|
0.5
|
0.5
|
67.34
|
*58.00
|
1.96
|
|
VL-10-166
|
10,225
|
37.9
|
42
|
4.1
|
4.1
|
1.62
|
|
10,225
|
129.5
|
135.2
|
5.7
|
5.7
|
0.91
|
|
VL-10-167
|
10,000
|
183
|
187.38
|
4.38
|
4
|
0.95
|
|
10,000
|
199
|
206.4
|
7.4
|
6.2
|
0.69
|
|
VL-10-168
|
10,325
|
20.5
|
24.6
|
4.1
|
2.2
|
3.49
|
|
10,325
|
32.1
|
39.2
|
7.1
|
4
|
1.38
|
|
VL-10-169
|
10,325
|
12
|
22.5
|
10.5
|
10
|
2.27
|