The intersection of a wide zone of mineralization grading 3.15 g/t Au over 21.5m including 9.78 g/t Au over 2m and 9.31 g/t over 2.5m in VL-11-250 located at the Leprechaun Gold Deposit has been declared by Marathon Gold and Mountain Lake Resources.
This mineralization represents a down dip extension of the wide zone of mineralization reported in VL-11-246 located along the NE edge of the Leprechaun Gold Deposit, which was a highly potential gold resource deposit present within the Valentine Lake Property in central Newfoundland.
The center of the new 21.5m wide mineralized intercept grading 3.15 g/t Au in VL-11-250 is located at 13m south and 60m below the previously established mineralized zone in VL-11-246.
In December 2010 resource, the Leprechaun Gold deposit’s area bounded by VL-11-246 and VL-11-250 was estimated to contain only separate blocks of inferred mineralization and the current measured and indicated resource will be pulled down dip by these drill holes. The mineralization in VL-11-249 is situated up dip and along the gold mineralization intersected in VL-11-250.
All of the samples were analyzed and assayed using lead collection fire assay with AA (atomic absorption) finish at the Eastern Analytical Laboratory in Springdale, Newfoundland and the obtained results are used for drill hole planning only.
Source: http://www.mountain-lake.com/