Mountain Lake Reports Best Gold Intersection to Date at Leprechaun

- October 6th, 2011

Mountain Lake Resources Inc. (TSXV:MOA) reported the latest drill results with best gold intersection from the Leprechaun Deposit area of the Valentine Lake gold property in central Newfoundland.

Mountain Lake Resources Inc. (TSXV:MOA) reported the latest drill results with best gold intersection from the Leprechaun Deposit area of the Valentine Lake gold property in central Newfoundland.

As quoted in the press release:

Highlights:

  • Significant high grade zones, intersected in VL-11-352 with 13.95 g/t Au over 26.1 m including 37.01 g/t Au over 4.5 m, VL-11-339 with 2.42 g/t Au over 18.0 m including 12.35 g/t Au over 2.7 m, VL-11-348 with 33.42 g/t Au over 3.4 m and VL-11-341 with 6.97 g/t Au over 2.7 m including 20.80 g/t Au over 0.9 m, occur within a wider main zone mineralized envelop that extends along strike for greater than 100 m.
  • Hanging wall zones, intersected in VL-11-338 with 1.80 g/t Au over 5.0 m, VL-11-340 with 0.92 g/t Au over 3.0 m and VL-11-342 with 2.84 g/t Au over 2.25 m, show along strike continuity of the new hanging wall zone developed in previous drill holes VL-11-336 and VL-11-332 located immediately to the south.
  • Infill drilling continues to demonstrate high grade mineralization is focused within three lenses (i.e.: SW Heart of Gold, the central new high grade area and NE area) which are being delineated along the current 750+ m strike length of the Leprechaun Deposit.

This new high grade mineralization further demonstrates the potential for intersecting additional high grade ore shoots within the Leprechaun Gold Deposit and will have a very positive effect on the open pit resource estimation which commences later this month.

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

Click here to view the Mountain Lake Resources (TSXV:MOA) profile.

Tags

Leave a Reply