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Bullboard - Stock Discussion Forum Mountain Lake Resources Inc V.MOA

TSXV:MOA - Post Discussion

Mountain Lake Resources Inc > Important News clip to understand
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Post by Cousin_Gert on Dec 21, 2010 3:44pm

Important News clip to understand

This is a very important part of the NR and shows that Little River has the potential to develop into a high demand operation... It is very early I know, but with sb at $12,000 a ton, even 10,000 tones would equal $120 million in gross revenue...I note that 10,000 tons is only 500 big trucks full...LR is showing a 20km strike length!!

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Although originally optioned for its numerous gold occurrences, Mountain Lake continues to encounter interesting antimony values on the Property as well; and antimony (stibnite) bearing veins having now been identified over a 20 km strike length. The antimony vein in the northeastern portion of the Property ( the "Le Pouvoir Zone") is of particular interest as it is significantly larger than the vein that was initially discovered in 1989 on the Beaver Brook property ~80 km to the north. That discovery resulted in extensive exploration and development and the Beaver Brook antimony mine being brought into production in 1998. Beaver Brook is one of the largest antimony deposits in the world, the only primary antimony mine in Canada or the United States, and the largest outside of China.

Hunan Nonferrous Metals Corp., the largest integral metals producer in China by production volume excluding aluminum, acquired 100% of the Beaver Brook Mine in October 2009.

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C.Gert

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