11:54 AM EST - Mountain Lake Resources Inc : and Marathon Gold Corporation announced very positive results from the first five diamond drill holes of the 2011 Valentine Lake Property drilling campaign. The drilling has focused in the NE portion of the Leprechaun Gold Deposit and has resulted in the discovery of three new high-grade lenses including 8.15 g/t uncut over 25m (45-70m) with 21.12 g/t uncut over 9m (45-54m) in VL-11-232. These new mineralized lenses are shallow dipping within the hanging wall zone of the deposit and at depths of less than 60m from surface. Main zone intercepts of up to 3.73 g/t over 20m including 5.39 g/t over 10m were identified in VL-10-236. Marathon is the operator of the project. Mountain Lake Resources Inc
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