Houston Lake Mining Discovers Potential New Gold Zone on its West Cedartree Project
SUDBURY, Ontario–(BUSINESS WIRE)–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.”
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.
