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Mountain Lake Resources Announces Completion of Winter Drilling at Glover Island Gold Project

The winter drill program has been completed by Mountain Lake Resources at the Lunch Pond South Extension (LPSE) deposit, which is located in the Glover Island gold property in West Newfoundland.

Numerous gold prospects are present in the property along a mineralized corridor that is trending towards the northeast and southwest together with the LPSE deposit located at the southwestern end of a strike, whose length is 11 km.

The company included core drilling of 2,789 m, totaling 12 holes, in the winter program in order to examine the continuity of thick quartz breccia mineralization onto the LPSE deposit’s western grid. Currently, 742 core samples are available at the laboratory. The company will announce the analytical results, when it is available. This will complete the phase I drill program at the company’s property.

Mountain Lake is continuing the preparation of the preliminary NI 43-101 mineral resource calculation of the LPSE deposit area. It expects to release the resource before the end of Q1. There will be delay in this till next month due to the problems at the laboratory and the engineering firm that performs the mineral calculation.

The former resources estimated for the property’s three regions have included Lunch Pond South West Zone grading 900,000 t at 1.6 g/t gold, Lunch Pond South Main Zone grading 2,730,000 t at 2.1 g/t gold and Kettle Pond South grading 450,000 t at 2.3 g/t gold.

Source: http://www.mountain-lake.com/

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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