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Mountain Lake Resources Inc. (CVE:MOA) reports the completion of an updated NI 43-101 compliant resource estimate for the Leprechaun gold deposit, Newfoundland.
The press release is quoted as saying:
Marathon Gold Corp. (TSX: MOZ) (“Marathon”) is the operator of the Valentine Lake Project under the sub-option and joint venture agreement (“OJVA”) between Mountain Lake and Marathon. For more information on the OJVA see the news release of December 23, 2009.
Phillip Walford, President and CEO of Marathon says:
“The results demonstrate clearly that there is open pit potential at the Leprechaun deposit. Both Marathon Gold and Mountain Lake believe that the geological model developed is working well and indicating where additional resources can be found. We are now poised to rapidly develop resources with what will be the largest drilling campaign to date on the Property.”
Click here to access the entire news release.
Click here to access Mountain Lake Resources’ company profile.