Mountain Lake Minerals (CNSX:MLK) Begins Trading on Canadian National Stock Exchange (CNSX) - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, October 31, 2012 - Mountain Lake Minerals
(CNSX:MLK) is one of the latest new listings on the Canadian National Stock
Exchange.
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Mountain Lake Minerals. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Mountain Lake" in the search box.
Following a transaction with Mountain Lake Resources and Marathon Gold, the
Halifax, Nova Scotia-based company acquired a diversified portfolio of
exploration projects in Canada, previously owned by Mountain Lake Resources. The
company's initial focus will centre on three projects located in Newfoundland,
in the mining friendly province of Newfoundland and Labrador.
Mountain Lake owns a 100% interest in the Glover Island Gold Property, which has
been referred to as "the most overlooked gold project on the island of
Newfoundland." Glover Island hosts 17 gold prospects that trend north-easterly
over an 11 kilometre strike length with the most advanced being the Lunch Pond
South Extension Deposit.
"The Company's objective is to delineate near surface resources from the Glover
Island Property's 17 gold prospects that could be amenable to open pit mining
and support a centrally located milling operation on the Island," stated Paul
Smith, Mountain Lake Resources' COO & Exploration Manager. "The upgrade of the
Lunch Pond Deposit to NI 43-101 resource status is a successful first step in
achieving our objective and gives us a solid base resource to build upon."
The Little River Property is a discovery stage project where numerous gold and
antimony occurrences have been encountered over a strike length of roughly 21
kilometres. The northeastern corner of the property is 80 kilometres south of
the Beaver Brook Mine, one of the largest antimony deposits in the world outside
China and the only primary producing antimony mine in either Canada or the US.
The Bobbys Pond Zinc-Copper-Lead property is located in central Newfoundland
south of the town of Buchans. The area is renowned for the historic Buchans Zinc
Mines and is currently host to several other active volcanogenic massive
sulphide style deposits. Located 45 kilometres by road to the east of the Bobbys
Pond Deposit lies Teck Resources' Duck Pond deposit, which was put into
production in 2007.
The Bobbys Pond Property base metals deposit hosts an NI 43-101 mineral resource
estimate containing:
* 1,095,000 tonnes of 0.86% copper, 4.61% zinc, 0.44% lead, 16.6 grams per
tonne silver and 0.2 grams per tonne gold in the indicated category, and,
* 1,177,000 tonnes of 0.95% copper, 3.75% zinc, 0.27% lead, 10.95 grams per
tonne silver, and 0.06 grams per tonne gold in the inferred category.
The full NI 43-101 report is available on www.sedar.com.
The shares have not yet traded, but have an opening bid of $0.10. With 23.6
million shares issued and outstanding, this would give the company a valuation
of $2.4 million.
For more information, please visit the company's website at www.mountain-
lake.com, call Greg Lytle the communications manager at 1-866-285-5817 or email
info(at)mountain-lake.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on significant news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
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other applicable laws; and
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originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1654143]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2012 - 16:14 Uhr
Sprache: Deutsch
News-ID 198247
Anzahl Zeichen: 4573
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