Projects
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Location of Projects
Mountain Lake's projects are located in geopolitically stable areas and range from early stage exploration to advanced stage exploration and development.
In 2010, the Company remains focused on gold exploration in Newfoundland, Canada. The mining sector is a major contributor to the economy of rural Newfoundland & Labrador and, while risk for mining companies seems to be increasing in many jurisdictions around the world, the Department of Natural Resources recently announced funding for a comprehensive review of the Province's mineral industry to define a new Minerals Strategy. The strategy will focus on expanding exploration and production activity and creating additional employment opportunities, while also ensuring environmental protection and the sustainable development of mineral resources. Kathy Dunderdale, Minister of Natural Resources stated: “With a strengthening demand for mineral commodities, a new comprehensive strategy will ensure the province is competitively positioned to attract investment.” To read the complete press release click here
