Mountain Lake Resources has announced the latest batch of drilling results from Glover Island gold property, West Newfoundland.
The company continues to encounter mineralized gold in thick intervals and undercut holes show that gold mineralization still exists and stays exposed at depth.
The company has intersected 1.39 g/t gold over 11.70 m in the hole LPSE-11-52, 1.27 g/t gold over 16.00 m and 0.55 g/t gold over 8.00 m in the hole LPSE-11-53, 1.08 g/t gold over 7.00 m and 1.05 g/t gold over 3.00 m in the hole LPSE-11-54, 1.74 g/t gold over 53.50 m in the hole LPSE-11-55, 0.93 g/t gold over 4.00 m and 0.76 g/t gold over 3.00 m in the hole LPSE-11-56, 2.06 g/t gold over 3.20 m and 1.65 g/t gold over 44.70 m in the hole LPSE-11-57, 1.06 g/t gold over 4.22 m in the hole LPSE-11-58, 1.56 g/t gold over 5.00 m and 1.03 g/t gold over 12.40 m in the hole LPSE-11-59. The distribution of gold is very even over wide intervals.
According to the Mountain Lake’s CEO and President, Gary Woods, the company is satisfied with the thickness and grades of the mineralized intervals being encountered. It conducted diamond drilling for 7,227 m, totaling 29 holes, during 2011. The plan of the company is to follow-up wide mineralization intervals continuously, after the drilling permits for 2012 are received. The company is anticipating for the primary 2012 results before the proposed NI 43-101 resource estimation is started.
The company tested all samples at Eastern Analytical Laboratory in Newfoundland. Assaying of samples was done by means of lead collection fire assay along with atomic absorption (AA) finish.