Mountain Lake Resources Inc TSXV:MOA in joint venture with Marathon Gold Corp TSX:MOZ announced results from their Valentine Lake Property in Newfoundland. Highlights include 32.24 g/t gold over 3 metres (including 94.2 g/t over 1 metre), 2.31 g/t over 17 metres (including 11.67 g/t over 3 metres), 10.16 g/t over 3 metres (including 29.9 g/t over 1 metre) and 1.93 g/t over 18 metres (including 4.21 g/t over 5 metres).
The Valentine Lake Project is a 50/50 joint venture with Marathon acting as project operator. The partners are jointly funding a 2011 budget of $7.1 million that includes 25,000 metres of drilling. An updated resource estimate is scheduled for release by 4Q 2011.
View Company Profile
Mountain Lake Resources Inc
Marathon Gold Corp
by Greg Klein