09:48 AM EST - Mountain Lake Resources Inc. : announced today that the 2011 drilling campaign has commenced at the Valentine Lake Property in central Newfoundland. The first drill rig began drilling at the Leprechaun Gold Deposit on January 12, with the first three drill holes intersecting multiple quartz veins with visible gold mineralization. The second drill rig is scheduled to begin resource expansion and exploration drilling at the Valentine East Gold Zone this week. Mountain Lake Resources Inc.
shares V.MOA are trading up $0.02 at $0.68.