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Latest News
Mountain Lake and Marathon Commence Drilling at Valentine Lake Gold Project
Mountain Lake and Marathon Finalize Work Program for Next Phase of Drilling at Valentine Lake Gold Project
Mountain Lake enters joint venture on Valentine Lake to focus on the evaluation of the open pit potential of exisitng gold resource
Phase I drilling confirms mineralized trends in bedrock at Little River
Trenching returns strong Au values up to 32.7 gpt + new discovery of up to 5.5% Sb at Little River
Corporate check list:
- Working Capital - ample to underwrite current drilling programs
- Low share float - 30.7 million shares issued and outstanding
- Management - accomplished in both exploration and development
- Shareholders - institutional investors ~35%; management ~11%
- Diversification - neither single project nor single commodity dependent
- Opportunity - projects with large scale potential
- Political stability - Focused in Newfoundland; ranked 5th in the world by the Fraser Institute for mining friendly policy and encouraging investment
While the global economic downturn forced many exploration companies to retrench, Mountain Lake committed to an invigorated plan for growth and asset development. Management is equally committed, during this uncertain period in the capital markets, to continue its preservation of the Company's structure and the avoidance of excessive shareholder dilution.
Again, we welcome you to the Mountain Lake website. The Company is entering an exciting period of growth and we encourage you to peruse the rest of the website to learn more about the Company.
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Welcome
Mountain Lake Resources is a Canadian based exploration company active with both advanced stage resource development and discovery stage projects. Our projects offer exposure to gold, base metals and alluvial diamonds with the focus on gold exploration in the province Newfoundland.
