Mountain Lake Resources (CVE:MOA) confirmed today that it was now ready to move ahead with a planned summer/fall drill program at its Glover Island Property after receiving the all clear from the Newfoundland and Labrador Department of Environment & Conservation.
"The prompt attention the Newfoundland and Labrador Departments of Natural Resources and Environment & Conservation have given our Glover Island Project Registration is sincerely appreciated. We will continue to consult with Provincial and Federal conservation specialists throughout our exploration efforts on Glover Island to ensure we meet and exceed environmental standards," said Gary Woods, President and CEO of Mountain Lake.
Mountain Lake holds a 100% interest in the Glover Island Property, which is located on the south-central portion of Glover Island and consists of two mineral licenses and one mining lease covering a total of 5,100 hectares. The property is not new to exploration, containing historical resources of 33,276 troy ounces at Kettle Pond South, 184,321 ounces at Lunch Pond South Main Zone and 46,297 ounces at Lunch Pond South West Zone. Previous drill results at have included 16.7 meters averaging 5.3 grams per tonne gold, 10 meters averaging 4.93 g/t gold and 8 meters averaging 10.18 g/t gold at Lunch Pond South East Prospect, Kettle Pond South, and the Lucky Smoke Deposit, respectively.
Mountain Lake’s intention is to upgrade the historical resources to NI 43-101 compliance and drill other high priority targets along the 11km strike.