Mountain Lake Resources Inc MOA:CA in joint venture with Marathon PGM Corp MAR:CA announced assays from the Leprechaun Deposit at its Valentine Lake Gold Deposit, Newfoundland. Highlights include 16.01 g/t gold over 1 metre, 6.94 g/t over 17 metres (including 11.81 g/t over 8.8 metres), 3.07 g/t over 9 metres, 4.59 g/t over 5 metres and 2.44 g/t over 19 metres. The Leprechaun Deposit has a total estimated resource of 443,000 ounces gold at a 5 g/t cut-off.
Marathon is currently earning a 50% interest in the property and is the the operator of the project. Marathon President/CEO Phil Watford commented, “Our entire exploration team did a fantastic job this year in advancing the project further than we thought possible in such a short amount of time.”
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Lytle & Associates Corporate Communications
by Ted Niles