Mountain Lake Resources Inc V.MOA

RE: NR out this morning....more good news

[radar17]

lets see if this pastes OK ...
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Toronto, Ontario and Halifax, Nova Scotia CANADA, March 08, 2011 /FSC/ - Marathon Gold Corporation (MOZ-TSX) ("MGC") and Mountain Lake Resources Inc (MOA - TSX Venture, MLKRF - OTCBB_Pink_Sheets),are pleased to announce the intersection of a wide zone of mineralization grading 3.15 g/t Au over 21.5m including 9.78 g/t Au over 2m and 9.31 g/t over 2.5m in VL-11-250 at the Leprechaun Gold Deposit. This mineralization represents a down dip extension of the wide zone of mineralization reported in VL-11-246 (see news release of March 2, 2011: https://www.mountain-lake.com/2011_MOA_News/MOZ-MOA_PR_03-02-11_VL-ResultsIII.pdf) along the NE edge of the Leprechaun Gold Deposit (Figure - LP: https://www.mountain-lake.com/VL-DDH-maps_2011/LP-DDHs_030811.jpg), the first defined gold resource within the highly prospective Valentine Lake Property in central Newfoundland.
Highlights:
* The center of the new 21.5m wide (true width) mineralized intercept grading 3.15 g/t Au in VL-11-250 is located 60m below and 13m south of the mineralized zone previously reported in VL-11-246, which graded 3.75 g/t over 37.5 m (true width)
* The area of the Leprechaun Gold deposit bounded by VL-11-246 and VL-11-250 was previously characterized as containing only isolated blocks of inferred mineralization in the December 2010 resource and these drill holes will effectively pull the current Measured and Indicated resource down dip. The mineralization in VL-11-249 is located up dip and along strike of the wide zone of gold mineralization intersected in VL-11-250
* The results from VE-11-003 are very encouraging as we continue to delineate zones of low grade mineralization in an area of Valentine East (Figure - VE: https://www.mountain-lake.com/VL-DDH-maps_2011/VE-DDHs_030811.jpg) not previously drilled.