Mountain Lake Resources Inc V.MOA

News-32m/2.2gpt Gold

[Cousin_Gert]

More very good numbers at Valentine Lake...

https://www.mountain-lake.org/2011_MOA_News/MOA_NR_07-27-11_VL-ResultsIX.pdf

It is easy to see from the drill hole map(link follows) that the Leprechaun Deposit is being drilled at a "pre-production level".

https://www.mountain-lake.com/VL-DDH-maps_2011/LP-DDHs_072711.jpg

I really liked hole 294(5.4gpt/7m) in the NorthEast that adds a 185m down dip extension to earlier drilling....huge # of Oz's will be added from this hole...

C.Gert

[JR5]

Agreed that there were some good numbers in this last set of reslts and in the previous set. My guess based on the two dementions given in the report and being very conservative with the third demension , we have at least 500,000 ounces in total. The measured category having been increased by 100,000 ounces and the inferred by the same amount. We are now stepping out into new territory where the

[Cousin_Gert]

Hey JR...how about checking your numbers again. I believe that you are right to be conservative with an additional 200K OZ''s at this point, but if you add these to the last 43-101(which was over 550K OZ in total) you should have had your new estimate topping 750k OZ!!  Given that there must be at 12,000 to 15,000 metres of drilling still to report before they finish this summers/fall

[JR5]

I was being ultra conservative . The infill drilling I was just changing the category to measured and not counting it as new ounces (burned last time on that). The step outs could very well put the total of all three categories above 700,000 ounces in total, but I didn't feel I had enough facts to go with that number. The fact that they will continue to drill beyound the latest stepouts

[brianjames]

One would also think that interest in this play should start to re-appear soon with the next few NRs......or at least I'm hoping that it does.  Been stalled toooooo long here in the 50s.BJ