Houston drills 2.54 g/t gold over 4.9 m including 7.43g/t over 0.7 m near surface; Extends McLennan Gold Zone to 450m of mineralized strike length
Houston Lake Mining Inc. (TSX.V: HLM), is pleased to announce the
results from six holes of a 3,000 metre, 15 hole exploration diamond
drill program on the Company′s McLennan and West Cedartree properties in
Northwestern Ontario. These holes are the first released from a
multi-purpose program to confirm the gold mineralization and extend the
strike length of the historical McLennan Gold Zone discovered in the
1940′s. The program will also test the potential of the newly discovered
Robertson Gold Zone on the West Cedartree Property.
The first six holes of the current diamond drill program have confirmed
significant gold at the McLennan Gold Zone and have extended the
mineralized zone to 450 m along strike. Historically, this mineralized
zone was followed for 260 m but exploration was terminated due to the
low gold prices at the time leaving the zone open to the north, south
and depth. The table below provides a summary of significant gold
intercepts for the recent drill holes from the McLennan Gold Zone.
Table of Significant Gold Intercepts, McLennan
Gold Zone
Hole Number | From | To | Interval | Au | Interval | Au | |||||||||||
WC-11-45 | 35.1 | 38.5 | 4.9 | 2.543 | 16.08 | 0.074 | |||||||||||
Including | 35.1 | 37.4 | 2.3 | 5.104 | 7.55 | 0.149 | |||||||||||
incl. | 36 | 36.7 | 0.7 | 7.427 | 2.3 | 0.217 | |||||||||||
WC-11-46 | 176 | 177.5 | 1.5 | 1.078 | 4.92 | 0.031 | |||||||||||
WC-11-48 | 74 | 80.3 | 7.4 | 0.766 | 24.3 | 0.031 | |||||||||||
incl. | 74 | 79.2 | 5.2 | 0.941 | 17.06 | 0.022 | |||||||||||
incl. | 77.7 | 79.2 | 1.5 | 1.953 | 4.92 | 0.028 | |||||||||||
WC11-49 | 73 | 74.4 | 1.4 | 0.92 | 4.59 | 0.057 | |||||||||||
also | 77.1 | 78.85 | 1.75 | 1.228 | 5.74 | 0.036 | |||||||||||
incl. | 77.1 | 77.6 | 0.5 | 2.992 | 1.64 | 0.087 | |||||||||||
also | 115.3 | 116.1 | 0.8 | 2.168 | 2.63 | 0.063 | |||||||||||
incl. | 115.5 | 116.1 | 0.6 | 2.789 | 1.97 | 0.018 | |||||||||||
incl. | 115.5 | 115.7 | 0.2 | 5.859 | 0.66 | 0.171 | |||||||||||
WC11-50 | 54.2 | 55 | 0.8 | 7.143 | 2.63 | 0.208 | |||||||||||
also | 102.7 | 104 | 1.3 | 4.752 | 4.27 | 0.139 | |||||||||||
WC11-51 | 98.7 | 99.9 | 1.2 | 0.357 | 3.94 | 0.01 | |||||||||||
also | 149 | 152 | 3 | 0.51 | 9.84 | 0.015 | |||||||||||
incl. | 149 | 150.9 | 1.9 | 0.754 | 6.23 | 0.022 |
*Mineralized zones generally start at 0.1 g/t gold and assay averages
may include minimal intervals of waste material. No top cuts of assays
were used. All intervals are represented as down-hole core lengths.
There is insufficient drill-hole density to estimate true widths.
The mineralization at the McLennan Gold Zone is hosted in an altered
shear zone near the contact between mafic to intermediate volcanic
rocks, quartz-feldspar porphyries and a large gabbro body that underlies
parts of the West Cedartree Gold Project. Historical drilling has tested
the zone for 260 m along strike and intersected 2.84 g/t gold over 4.6
m. Limited follow-up drilling by HLM between 2004 and 2008 also
intersected significant gold including 4 g/t gold over 9.0 m. The
mineralization is characterized by brecciation, intense silicification,
and increased pyrite content.
The current results indicate that the McLennan Gold Zone extends for 450
m along strike. Surface work by HLM in 2010 resulted in the discovery of
a 10.79 g/t gold grab sample. The surface sample was taken 2.5 km
southwest of the McLennan Gold Zone in an unexplored area near the same
mafic-gabbro contact as the McLennan Gold Zone. This is a very positive
indicator that this sheared contact area is a favourable target for gold
and there is an impressive 6.6 km of geology to explore on strike to the
north and south of the present-day McLennan Gold Zone.
The shear zone that appears to be controlling the McLennan Gold Zone is
possibly related to the Pipestone Lake-Cameron Lake Fault Zone, a major
conduit for gold deposits in the region, and a specific target for
Coventry Resources Limited′s Cameron Gold Deposit which is in excess of
one million ounces and is located approximately 12 km away.
'We are very pleased with the drill results from these six holes on the
McLennan Gold Zone. We have confirmed the historical drilling and have
further encountered several silicious zones with some being mineralized.
The mineralization occurs near surface and has been delineated by
drilling for a strike length of 450 m that is open in all directions.
Our surface work in 2010 has expanded the potential exploration target
to an impressive 6.6 km of strike length to follow-up. We are currently
in planning stages to extend our grids and expand our geophysical
coverage of our new target in the very near future.? said Trevor R.
Walker, President of Houston.
Drilling is currently in progress on the West Cedartree Gold Project,
where further assays are pending from both the McLennan Gold Zone and
the newly discovered Robertson Gold Zone.
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 30-50 gram charges. All samples were assayed with
an AA finish and those samples assaying above 3 g/mt gold are 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 49,532,637 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
President
Tel:
705-897-7622
Fax: 705-897-7618