Mountain Lake Resources Inc.(TSXV:MOA) reported results from their 7,000 metre 2011 drill program. The Company also plan to complete a NI 43-101 compliant resource in Q1 2012.
- Drill hole LPSE-11-48 intersected 1.34 grams per tonne (g/t) gold (Au) over 99.3 metres (m) from a vertical depth of 131m. LPSE-11-48 is adjacent to and 40m west of the previously reported hole LPSE-11-44 which intersected 0.7 g/t Au over 130.9m from a vertical depth of 135m.
- Hole LPSE-11-49 was drilled 50m west of LPSE-11-48 and intersected 0.54 g/t Au over 40.7m from a vertical depth of 160m, in addition to a deeper interval of 1.53 g/t Au over 7.5m from a vertical depth of 215m.
- Hole LPSE-11-50 was drilled 80m updip from LPSE-11-49 and intersected 1.76 g/t Au over 26.6m from a vertical depth of 115m.
Mountain Lake, President & CEO, Gary Woods, said:
We are very pleased with the latest results from the current drill program. The thickness and uniformity of the gold mineralization is quite remarkable and we are learning more about this unique deposit as the drill program progresses.