InvestorsHub Logo
Followers 198
Posts 20057
Boards Moderated 1
Alias Born 06/04/2008

Re: None

Tuesday, 12/21/2010 3:43:15 PM

Tuesday, December 21, 2010 3:43:15 PM

Post# of 89
Houston Lake Mining Announces up to 10.794g/t Gold from Regional Prospecting, also Diamond Drilling to Commence mid January on the West Cedartree Project

Sudbury, Ontario –December 21, 2010 - 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 results of 170 regional prospecting samples and 9 channel samples taken from the West Cedartree project area during the months of August and September.

The target areas for the sampling were a number of untested positive chargeability anomalies similar to the anomaly that defines the recently discovered Robertson Gold Zone, a shear zone that hosts the Gold Sun adits, historical trenches on the McLennan Property and some anomalous areas near the Dogpaw Gold Zone. A chargeability compilation map that combines results from two IP surveys is available at http://www.houstonlakemining.com/images/IPchargability_WCP.jpg.

The results ranged from trace to 10.794 grams per tonne. The following table shows the results and location of all samples >2.0 grams per tonne gold, which represent 3% of the total samples taken.

Location Sample Type Northing Easting Au
g/mt Au oz/st
Gold Sun Property Grab 434345 5462033 10.794 0.315
Robertson Gold Zone area Grab 435583 5462912 7.030 0.205
McLennan Gold Zone area Grab 435177 5464357 3.484 0.102
Robertson Gold Zone area Grab 435678 5462921 3.178 0.093
Gold Sun Property Grab 432867 5461136 2.818 0.082
Robertson Gold Zone area Grab 435880 5461935 2.416 0.070

“We are encouraged by the results of our strategic sampling program as we have numerous gold showings on the West Cedartree Project. Focusing on the newly discovered Robertson Gold Zone is the logical choice for exploration in the short term for the company” said Trevor R. Walker, President of HLM. “The prospecting samples in the vicinity of the Robertson Gold Zone appear to indicate that the chargeability anomaly that defines the zone continues northward and southward and are offset approximately 200 meters by lateral faulting to the east. Anomalous results have been obtained from an indicated strike length of at least 200 meters and suggest the possibility of a 400 meter length at surface.
A diamond drill program of at least 3000m will commence in mid January. This program will target both the Robertson Gold Zone and the historic McLennan Gold Zone. The Robertson Gold Zone Phase II drill program will test the strike length extensions, as well as perform some deeper drilling on the known zone. Some drilling will take place on the historic McLennan Gold Zone, where some historic drilling was done in the 1940’s and only 6 shallow diamond drill holes from HLM in 2006 and 2007. Both Zones have tremendous exploration upside/resource potential, have historically displayed significant gold intersections with a small number of holes in the past and interpretation suggests that both could be amenable to the economic open pit methods of mining. “



About the Robertson Gold Zone
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. The Robertson Zone at exposed surface is a 60m long by 20m wide stripped and washed 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 taken in the summer of 2010 from this area ran up to 2.97 g/t Au over a length of 0.43 meters. No previous drilling has been done on this zone prior to HLM performing its phase I drill program in 2010. WC10-01 has shown great potential for both width at 42 metres, and also bodes well for higher grade potential intersecting .6 metres of 6.56 g/t. More specifically the zone is complimented by the hole WC10-05 intersection of 22.60 metres of 2.047g/t gold including 4.30 metres of 4.740 g/t. This Robertson hole targeted the north-south trending altered shear zones. Furthermore, WC10-02 intersected 23.70 metres of 0.980 g/t gold, including 18.30 metres of 1.200 g/t gold.



About the McLennan Gold Zone
The property geology consists of basaltic lavas and pyroclastics intruded by a large gabbro sill and quartz feldspar porphyries. Gold mineralization on the property is associated with north-south trending shear zones near the contact of or internal to the large gabbro sill. Shear zones are possibly related to the Pipestone Lake-Cameron Lake Fault Zone, a major conduit for gold deposits in the region.

In 1944 drilling by Sylvanite Gold Mines Ltd. encountered significant gold-bearing intersections over strike length of 280 m (918 ft). Hole 44-09 encountered the best intersection with 2.848 g/t gold over 4.60m. Holes drilled were approximately 40-50m deep.

In 2006, HLM conducted IP geophysics survey traced possible gold indication for over 800 m southward to where the zone appears to merge with the Angel Hill Gold Zone. Between 2006 and 2007 HLM drilled 8 shallow drill holes which encountered significant gold values over substantial widths. The best intercept was with hole 06-35 which intersected 4g/t gold over 9m from 26-35m from surface.



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 47,289,304 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.



Company Contacts
Houston Lake Mining Inc.
Trevor R. Walker, MBA
President
Tel: 705.897.7622 Fax: 705.897.7618


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent FL News