Houston Lake Mining Discovers Potential New Gold Zone on its West Cedartree Project
Houston Lake Mining Inc. (TSX.V: HLM), is an advanced exploration
company which has prospected and strategically acquired contiguous gold
properties in Northwestern Ontario with the objective of transitioning
into production. HLM also seeks platinum group and rare metal deposits
in Northwestern Ontario. HLM is pleased to report the significant
results of the first 42 of 95 channel samples taken from 9 lines of
surface exploration work which has identified a potential new gold
mineralized zone. This potential zone is close in proximity to one of
the historical Robertson Prospects, located on the 100% HLM owned West
Cedartree Property. A chargeability compilation map that combines
results from IP surveys is available at http://www.houstonlakemining.com/images/IPchargability_WCP.jpg.
'This identification is in proximity to the largest chargeability
anomaly at the southern limit of HLM′s IP coverage, no drilling has ever
been done in this area. Past experience from drilling on the West
Cedartree Project tells us that the gold mineralization appears to be
closely associated with IP chargeability highs?, said Trevor R. Walker,
President. 'This first set of results warrant further exploration with
the possibility of some diamond drilling in the future. Gold
mineralization to the north of this discovery in the Angel Hill Gold
Zone has encountered up to 1.22 metres grading 479 g/t gold. We believe
that we may have discovered another area which creates solid exploration
upside and resource potential for the West Cedartree Project.?
Channel Sample Line / Orientation | Length (m.) | Gold | Length (ft.) | Gold | ||||||||
(g/mt.) | (oz./st.) | |||||||||||
Line 4 ? EW orientation | 2.24 | 1.25 | 7.35 | 0.036 | ||||||||
Line 5 ? EW orientation | 2.41 | 1.34 | 7.91 | 0.039 | ||||||||
Line 6 ? NS orientation | 5.82 | 1.37 | 19.10 | 0.040 | ||||||||
Incl. | 2.03 | 1.74 | 6.66 | 0.051 | ||||||||
The Robertson Zone is now a stripped and washed 60m long area of
gabbroic rock which has three converging shear zones of silicification
and variable amounts of finely disseminated pyrite up to 1-2%. These
converging zones trend NNE, NNW and EW and vary in width from 3 meters
to 20 meters. Channel samples were cut approximately perpendicular to
the strike of each shear zone. A total of 42 samples from 9 lines on the
Robertson Prospect were analyzed by fire assay. The best sample result
to date is 1.74 g/t Au over a length of 2.03 meters from Line 6. This
interval is from a longer sample of 5.82 meters averaging 1.37 grams per
tonne. This result is from the large EW shear zone mentioned above. The
results from an additional 70 channel samples are expected within 3-4
weeks.
The on-going exploration at this newly discovered potential zone
currently includes further stripping, mapping, and channel sampling. The
goal of the current exploration program on the Robertson Prospect is to
delineate additional economic resources on the West Cedartree Project.
The Robertson Prospects have an insignificant exploration history dating
back to the 1940′s. Three showings were known to have been documented on
the West Cedartree Property with minor indications of gold
mineralization.
Due Diligence
All Samples reported were shipped to Accurassay Laboratories, an ISO
accredited facility, of Thunder Bay, Ontario. Samples were analyzed by
fire assay utilizing a 50 gram charge. All samples were assayed with an
AA finish and those samples assaying above 3 g/mt gold were retested
utilizing a gravimetric finish.
This news release was reviewed by Bryan McKay, P. Geo., who is a
Qualified Person under the guidelines of the National Instrument 43-101.
About Houston Lake Mining Inc.
Houston Lake is an advanced, vertically integrated resource exploration
company. The Company is actively exploring for gold, platinum group
metal and rare metal deposits in Northwestern Ontario with a strategic
focus on the West Cedartree gold project. Houston Lake′s objective is to
become a gold producer by surface mining its West Cedartree Gold Project
and developing its 100% owned and optioned properties. The Company has a
total of 42,497,638 common shares issued and outstanding. For additional
information, please visit us at www.houstonlakemining.com.
Forward-looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed
'forward-looking statements?. All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially
from those in forward looking statements include market prices,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not
guarantees of future performance and those actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information on the Company,
Investors should review the Company′s registered filings what are
available at www.sedar.com.
Houston Lake Mining
Trevor R.
Walker, MBA, 705-897-7622
President
Fax: 705-897-7618