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Gold/Mining/Energy : EET Etruscan Enterprises T

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To: Salt'n'Peppa who wrote (241)	3/7/2005 10:02:26 AM
From: Cal Gary	of 281

Related: Mountain Lake finds nickel mineralization at Hong Kong 2005-03-07 09:38 ET - News Release Mr. Allen Sheito reports MOUNTAIN LAKE RESOURCES AND WALLBRIDGE MINING COMPANY LIMITED INTERSECT HIGH GRADE NICKEL MINERALIZATION IN DRILL PROGRAM AT HONG KONG PROJECT NORTHWEST OF SUDBURY Mountain Lake Resources Inc. has discovered pentlandite-rich nickel sulphide mineralization in a continuing drill program at the Hong Kong property located approximately 150 kilometres northwest of Sudbury, Ont. Highlights of initial drilling on the property include: 2.25 metres of 2.02 per cent nickel and 0.91 per cent copper in hole WHK-003; and 1.21 metres of 1.16 per cent nickel and 0.49 per cent copper in hole WHK-001. This drill core will be displayed in the Wallbridge Mining booth No. 2507 at the PDAC in Toronto. The drill program was designed to test seven separate targets, which coincide with technically attractive conductivity anomalies defined by a heliborne time domain electromagnetic VTEM survey. The initial target being tested is at the Beith option. Five holes are now complete on this target and the sixth is under way. Holes WHK-001 and WHK-003 through WHK-006 were drilled on the same section, while WHK-002 was drilled 50 metres east of this section. WHK-001 intersected the mineralized zone approximately 50 metres below surface from 68 metres to 69.21 metres in the hole. WHK-003 intersected mineralization 70 metres below surface from 82.45 metres to 84.7 metres in the hole. WHK-002 did not intersect significant mineralization. True widths are estimated to be approximately 80 per cent of core length. Assays have been received for the first three holes; further results will be reported when available. It is estimated that phase 1 drill testing of the Hong Kong targets will continue for another six to eight weeks. Further drilling of the nickel discovery at the Beith option will continue after borehole geophysical testing, interpretation and assaying are completed. The Hong Kong property covers an area of approximately 4,750 hectares at the southwestern end of the Swayze greenstone belt in Ontario. Mountain Lake is earning a 50-per-cent interest in the Hong Kong property from Wallbridge Mining Co. Ltd. by financing the initial $500,000 in exploration expenditures on the property. Wallbridge is the operator of the Hong Kong project. Samples were analyzed by ALS Chemex in North Vancouver, B.C. Forty-seven elements were analyzed by four-acid near-total digestion and a combination of ICPMS and ICPAES finishes. Assays for nickel and copper were completed on selected samples by four-acid near-total digestion and atomic absorption spectroscopy finish. Richard Murphy, PGeo, Vice-president of corporate development of Wallbridge Mining is the qualified person for the Hong Kong project. Mr. Murphy has reviewed and approved this news release.

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