Houston drills 1.41 g/t gold over 38.7 m including 8.8 g/t over 3.0 m near surface at the newly discovered Robertson Gold Zone
Houston Lake Mining Inc. (TSX.V: HLM), is pleased to announce
results of 4 holes from a 2,522 metre diamond drill program on the
Company′s McLennan and West Cedartree properties in Northwestern
Ontario. These holes are from a multi-purpose program to confirm the
gold mineralization and extend the strike length of the Robertson Gold
Zone discovered in late 2010 on the West Cedartree Property. The program
has also drilled and announced a highlight of 2.54 g/t gold over 4.9m
including 7.43g/t over 0.7 m near surface extending the McLennan Gold
Zone to 450m of mineralized strike length which has 6.6km of potential
strike length on the West Cedartree Gold Project.
The 4 holes of the recently completed diamond drill program have
confirmed significant gold at the Robertson Gold Zone and have extended
the mineralized zone to 200 m along an east-west strike that is open in
all directions. The drill program has ceased for the spring break-up.
The table below provides a summary of significant gold intercepts for
the recent drill holes from the Robertson Gold Zone:
Hole Number | From | To | Interval | Au | Interval | Au | |||||||||||
WC11-15 | 122.30 | 161.00 | 38.70 | 1.406 | 126.98 | 0.041 | |||||||||||
Including | 125.35 | 131.00 | 5.65 | 2.629 | 18.54 | 0.077 | |||||||||||
also | 149.10 | 161.00 | 11.90 | 3.103 | 39.04 | 0.091 | |||||||||||
incl. | 155.00 | 161.00 | 5.00 | 5.345 | 16.41 | 0.156 | |||||||||||
incl. | 157.00 | 160.00 | 3.00 | 8.779 | 9.84 | 0.256 | |||||||||||
Incl. | 158.85 | 160.00 | 1.15 | 13.978 | 3.77 | 0.408 | |||||||||||
WC-11-13 | 20.00 | 24.50 | 4.50 | 2.096 | 14.77 | 0.061 | |||||||||||
Incl. | 21.10 | 24.50 | 3.40 | 2.481 | 11.16 | 0.072 | |||||||||||
incl. | 21.10 | 22.00 | 0.90 | 5.076 | 2.95 | 0.148 | |||||||||||
WC-11-11 | 73.00 | 74.20 | 1.20 | 1.363 | 3.97 | 0.040 | |||||||||||
Also | 107.00 | 131.00 | 24.00 | 0.690 | 78.74 | 0.020 | |||||||||||
incl. | 116.00 | 121.00 | 5.00 | 1.333 | 16.41 | 0.039 | |||||||||||
WC-11-12 | 11.65 | 13.30 | 1.65 | 1.593 | 5.41 | 0.047 | |||||||||||
Also | 37.00 | 39.20 | 2.20 | 1.570 | 7.22 | 0.046 | |||||||||||
Also | 93.50 | 94.30 | 0.80 | 1.518 | 2.63 | 0.044 | |||||||||||
Also | 107.00 | 108.50 | 1.50 | 3.583 | 4.92 | 0.105 | |||||||||||
Incl. | 107.40 | 107.80 | 0.40 | 8.522 | 1.31 | 0.249 | |||||||||||
Also | 132.80 | 133.10 | 0.30 | 1.881 | 0.98 | 0.055 |
*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 Robertson Gold Zone is hosted in an altered
shear zone and a quartz-feldspar porphyry that is internal to a large
gabbro body that underlies part of the West Cedartree Gold Project.
Drilling in 2010 discovered the Robertson Gold Zone where RB10-02
intersected 1.20 g/t gold over 18.3 m which is along strike with the
holes released today. The mineralization is characterized by
brecciation, intense silicification, fuchsite alteration and 1-3% pyrite
content.
The current results indicate that the Robertson Gold Zone extends for
200 m along strike and is open in all directions to the east and west.
Furthermore, the Robertson is intersected by a north-south shear that is
also open in all directions. It is a very positive indicator that the
multi-sheared contact area is mineralized as it is now favourable
geological target to explore.
'We are very pleased with the near surface drill results from these
holes. We continue to be surprised with drilling on the Robertson Gold
Zone as we have encountered several siliceous zones as well as a pyritic
and fuchsitic felsic porphyry from multiple holes where intercepts
measured from 2 to 20 meters in length. We are currently in planning
stages to extend our grids and expand our geophysical coverage of our
target areas in the very near future to aid our exploration effort on
this zone .? said Trevor R. Walker, President of Houston.
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