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Mountain Lake Provides Corporate Review of 2010 and Outlook for 2011
Jan. 13, 2011 (Filing Services Canada) -- Mountain Lake Resources Inc (MOA - TSX Venture, MLKRF...
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\nMountain Lake Provides Corporate Review of 2010 and Outlook for 2011\n\n\n Jan. 13, 2011 (Filing Services Canada) -- \nMountain Lake Resources Inc (MOA - TSX Venture, MLKRF - OTCBB_Pink_Sheets), is pleased to provide a 2010 year-end review and the outlook for exploration activity and corporate development in 2011.  2010 Highlights include:* First Measured and Indicated gold resource completed on the Valentine Lake Property, where drilling is imminent to further resource expansion * Drill results confirmed antimony in two areas of interest on the Little River Project, where drilling will recommence later this quarter* Focus on gold exploration in Newfoundland expanded with acquisition of Glover Island Project where a historical gold resource will be upgraded to NI 43-101 compliance   * Over $7.8 million in financing raised to fully fund 2011 drilling campaignsStatus of Projects:Valentine Lake Project (gold) - Central NewfoundlandFurther to the news release of December 16, 2010,: http://www.mountain-lake.com/2010_MOA_news/MOA-NR-121610_VLake-Resource-Estimate.html the Leprechaun Deposit, which is situated near the south-western end of the highly prospective 30 kilometre (\"km\")  Valentine Lake Property, hosts a NI 43-101 compliant Measured and Indicated resource of 277,000 ounces of gold plus an additional Inferred resource of 285,000 ounces of gold.  The mineral resource estimate was prepared by Sam Shoemaker, MAusIMM, of Micon International, who is the independent qualified person for this mineral resource estimate.  The associated Technical Report is pending.Marathon Gold Corp. (TSX: MOZ) (\"Marathon\") is the operator of the Valentine Lake Project under the sub-option and joint venture agreement (\"OJVA\") between Mountain Lake and Marathon.  For more information on the OJVA see the news release of December 23, 2009: http://www.mountain-lake.com/2009_MOA_News/MOA-NR-122309_VLake-MarathonJV.html. Approximately 11,000 metres (\"m\") of drilling was completed on the Leprechaun Deposit area in 2010 and 74% of the Measured & Indicated ounces and 73% of tonnes are within 150 m of surface, where the 2010 drill holes were concentrated.  The strike length of resource is now 750 m with an additional 750 m of gold mineralization ready for drilling.  The Re...