NEWFOUNDLAND - The vertical depth of the zinc-copper massive sulphide deposit at Bobbys Pond has been increased by 90 metres, according to owner MOUNTAIN LAKE RESOURCES of Fort Williams, N.S.
Drill hole MOA07-26A encountered two zones containing variable but strong sulphide intercepts from 406 to 460 metres and from 470 to 480.25 metres, reports Mountain Lake. Sections of massive sulphide and semi-massive sulphide were accompanied by disseminations, stringers and narrow bands of pyrite with streaks and blebs of chalcopyrite, sphalerite and galena. Intervals with significant mineralization include 4.5 metres grading 1.1% Zn, 1.66% Cu, 0.01% Pb, 11.05 g/t Ag and 218 ppb Au, and 9.0 metres at 0.32% Zn, 1.22% Cu, 0.01% Pb, 7.1 g/t Ag, and 143 ppb Au, at vertical depths of 380 metres and 400 metres, respectively. These intercepts represent an additional 90 metres of depth.
The Bobby's Pond deposit hosts a NI 43-101-compliant mineral resource that includes an indicated resource of 840,000 tonnes at 6.30% Zn, 0.93% Cu, 0.53 Pb%, 20 g/t Ag and minor Au values, and an inferred resource of 480,000 tonnes at 6.36% Zn, 1.07% Cu, 0.38 Pb%, 15 g/t Ag and minor Au values.
Complete information about the project is available at www.Mountain-Lake.com.