Mountain Lake Resources Inc V.MOA

Drilling at Valentine Lake To Start Soon

[chux02]

According to the latest news release that Marathon PGM just posted. This is what they had to say:

The Valentine Lake Gold Project is an option and joint ventureagreement between Marathon and Mountain Lake Resources Inc(TSX.v:MOA"). To view the specifics of the OJVA, please click onhttps://www.marathonpgm.com/news/2009/231209.pdf.

Drilling atthe Valentine Lake Project will start at the end of January and is tobe carried out in two phases - starting at the Leprechaun Pond Golddeposit and then moving to the Valentine East Gold zone, on strike 14km away. Winter drilling at Leprechaun Pond will be focused on the areaupdip from the current underground resource with 3700 metres ofdrilling planned in 40 holes. The intent is to determine the potentialfor developing an open pit resource. Historic drilling above 100 metresdepth was insufficiently tested, as prior operators were focused on theunderground mining potential.

The Valentine Lake Project isover 30 km long and has anomalous gold values in rock and soils,reflecting widespread gold mineralization. Preliminary investigation ofthese areas has produced favourable drilling results that requirefollow up. Marathon believes that the setting of Valentine Lake isgeologically analogous to other gold camps.

[Cousin_Gert]

So let's see. VLake has 440,000 OZ grading 5gpt defined as an underground deposit and MAR believes they can turn this into an open pit deposit with a bit more drilling. Surely this adds significantly to the recoverable OZ's as they will likely use a 1gpt or even, like others, use a .5gpt cut off instead of the current 5gpt.  A 40 hole program is way bigger than anything done to date

[truck8256]

I agree with your assessment of the possibilities(proved & probable). However with any explorer promotions is just as important as P&P.It's time to load the dog in the cart hook up the pony and take this show on the road. It's mgt. turn to step up.