The Conversation (0)
Drilling at Mountain Lake Resources Inc.’s (TSXV:MOA) 100% owned Glover Island Project in western Newfoundland continues to encounter thick intervals of gold, and undercut holes are demonstrating the gold mineralization continues and remains open at depth.
As quoted in the press release:
Highlights:
- Drilling encountered a 53.5 metre (m) interval of 1.74 grams per tonne (g/t) Au in hole LPSE-11-55, which is situated 50m updip from LPSE-11-41 that contained 11.3m of 1.54 g/t Au, plus 3.5m of 1.49 g/t Au and 5.8m of 2.2 g/t Au over a 32m interval
- Drill hole LPSE-11-53, located 100m below LPSE-11-41 referred to above, encountered a 16.0m zone of 1.27 g/t Au
- Drill hole LPSE-11-57, the deepest hole on the section and situated 100m below the above mentioned LPSE-11-53, encountered a 44.7m zone of 1.65 g/t Au as well as a 3.2m zone of 2.06 g/t Au
- Drill holes LPSE-11-56 & 58 are located near the eastern limits of the historic resource
- Gold distribution continues to be very uniform over broad intervals
Mountain Lake President and CEO, Gary Woods, said:
“We continue to be pleased with the grades and widths of the mineralized intervals encountered to date. A total of 7,227 metres of diamond drilling were completed in 29 holes in the 2011 program and our plans are to continue to follow-up these broad intervals of mineralization once our 2012 drilling permits are in place. We will await receipt of the initial 2012 results before commencing the planned NI 43-101 resource calculation.”
Click here to read the Mountain Lake Resources Inc. (TSXV:MOA) press release
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