Mountain Lake’s Latest Drill Results from Leprechaun Include Expanded Main Zone and New Hanging Wall Gold Mineralization

- October 3rd, 2011

Mountain Lake Resources Inc. (TSXV:MOA) reported the latest batch of drill results from the Leprechaun gold deposit area of the Valentine Lake property, Newfoundland.

Mountain Lake Resources Inc. (TSXV:MOA) reported the latest batch of drill results from the Leprechaun gold deposit area  of the Valentine Lake property, Newfoundland.

As quoted in the press release:

Highlights:

  • The new hanging wall zone, occurring 100 meters (m) above the main zone, contains wide intervals of near-surface, low-grade mineralization including 0.92 grams per tonne (g/t) gold (Au) over 24.0 m and 0.90 g/t Au over 14.0 m in VL-11-332 and 1.31 g/t Au over 8.0 m in VL-11-334. This zone is open along strike.
  • Expansion of the main zone mineralization in the “Heart of Gold” includes 3.5 g/t Au over 21.6 m including 13.86 g/t Au over 4.0 m in VL-11-336, 6.97 g/t Au over 8.1 m including 18.5 g/t Au over 2.7 m in VL-11-330, and 1.46 g/t Au over 13.5 m in VL-11-334.
  • Additional down-dip mineralization occurs in drill holes VL-11-337 with 3.46 g/t Au over 24.7 m including 15.16 g/t Au over 4.8 m, VL-11-333 with 0.95 g/t Au over 28.0 m with 3.03 g/t Au over 2.4 m and VL-11-335 with 1.04 g/t Au over 16.2 m and VL-11-328 with 1.08 g/t Au over 12.8 m in VL-11-328.

These latest results continue to expand the Leprechaun Deposit and the new hanging wall mineralization will have a very positive effect on the open pit resource estimation which commences later this month.

Click here to read Mountain Lake Resources’ (TSXV:MOA) news release.

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

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