Investment check list:
Working capital - ~$ 4 million
Low share float - 50.4 million shares issued
Diversity - three projects with large scale potential
Institutional ownership - ~40% w/ Sprott Funds holding 14%
Currently drilling two properties - over 50,000m planned for 2012
Management - accomplished in project exploration and development
Political stability - Newfoundland's mining policy encourages investment
Welcome
Mountain Lake Resources is a Canadian based exploration company (listed Toronto Venture Exchange - ticker: MOA) active with both advanced stage resource development and discovery stage projects all located on the pro-mining island of Newfoundland, Canada. Our projects offer exposure to gold, antimony and base metals with a focus on gold exploration.









While the global economic downturn forced many exploration companies to retrench, Mountain Lake launched an invigorated plan for growth and the implementation of that plan is garnering measurable results. Notwithstanding, management is mindful that uncertainty persists in the global financial markets and remains committed to continue its preservation of the Company's capital structure and the avoidance of excessive shareholder dilution.
Whether you're a returning shareholder or a first time visitor, we welcome you to the Mountain Lake website. This is an exciting period of growth and development and we encourage you to invest the time to learn more about the Company.
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News Highlights
Definitive agreement signed to sell Bobby's Pond Deposit
Drilling at 100% owned Glover Island Gold Project resumes
Two rigs turning at Leprechaun with 40,000m planned in 2012
Drilling contnues to hit thick intervals of gold mineralization at Glover; more results pending
Step-out drilling intersects 1.34 g/t gold over 99.3m at Glover
9 of 12 initial holes report gold at J. Frank Zone 1.5km SW of and on strike from Leprechaun
25,250 m of drilling completed at Valentine Lake in 2011
Hole VL-11-352 returns best high grade interval to date with 13.95 g/t gold over 26.1m
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