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Mountain Lake Intersects More High-Grade in Heart of Gold Area of Leprechaun Deposit in Central Newfoundland

Investing News Network
Oct. 27, 2011 08:04AM PST
Gold Investing

Mountain Lake Resources Inc. (TSXV:MOA) is pleased to report the latest drill results from the Valentine Lake Gold Property in central Newfoundland include the intersection of additional high-grade mineralization in the “Heart of Gold” area of the Leprechaun Deposit (Figure 1) with 5.99 grams per tonne (g/t) gold (Au) over 10.8 meters (m) including 28.88 g/t Au over 1.8 m in VL-11-345, and 3.69 g/t Au over 12.4 m including 39.80 g/t Au over 1.0 m in VL-11-343.

Mountain Lake Resources Inc. (TSXV:MOA) is pleased to report the latest drill results from the Valentine Lake Gold Property in central Newfoundland include the intersection of additional high-grade mineralization in the “Heart of Gold” area of the Leprechaun Deposit (Figure 1) with 5.99 grams per tonne (g/t) gold (Au) over 10.8 meters (m) including 28.88 g/t Au over 1.8 m in VL-11-345, and 3.69 g/t Au over 12.4 m including 39.80 g/t Au over 1.0 m in VL-11-343.

Some highlights from the press release:

  • Infill drill holes within the “Heart of Gold” area continue to confirm along-strike continuity of high-grade mineralization with intervals of 5.99 g/t Au over 10.8 m including 28.88 g/t Au over 1.8 m in VL-11-345, 3.69 g/t Au over 12.4 m including 39.80 g/t Au over 1.0 m in VL-11-343, and 3.34 g/t Au over 9.0 m including 9.52 g/t Au over 2.7 m in VL-11-344.
  • The new Hanging Wall Zone reported on October 3, 2011 and October 6, 2011, continues to expand with significant new mineralization intersected in drill holes VL-11-345 with 6.53 g/t Au over 2.6 m, VL-11-347 with 4.41 g/t Au over 2.9 m, and VL-11-343 with 2.15 g/t Au over 2.9 m.
  • Significant new Footwall Zone intercepts include 5.73 g/t Au over 2.4 m with 17.09 g/t Au over 0.8 m in VL-11-353 and 3.20 g/t Au over 2.8 m in VL-11-355.

Click here to read the full Mountain Lake Resources Inc. (TSXV:MOA) press release
Click here to view the Mountain Lake Resources Inc. (TSXV:MOA) profile.

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