Re: Can anybody tell us about Houston Lake Mining?
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Nov 13, 2007 03:37AM
"Positioned Today for the Resources of Tomorrow"
Sudbury, Ontario CANADA, November 13, 2007 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), an advanced exploration company actively seeking gold, platinum group metals and rare metals in northwestern Ontario, is pleased to report that high grade gold mineralization has been intercepted in systematic channel sampling carried out on the McLennan Gold Zone (MGZ).
The MGZ is one of the four or more gold systems that occur on the Company's 100% owned and optioned 1,673.6 hectare (4,134.5 acre) West Cedartree Gold Project located near Kenora, Ontario.
"These significant assays mark a positive start to the series of results expected from our fall 2007 exploration program," commented E. Grayme Anthony, President and CEO. "In all, there are assays pending from 235 audit samples of previous drilling programs and from 245 channel samples of newly exposed vein systems on the Dogpaw Lake property. These results should be forthcoming over the next few weeks."
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Table 1. Fall 2007 Channel Sample Results from the McLennan Gold Zone
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Channel Sample Medium Width in Gold Width in Gold
Metres (g/mt) Feet (oz/st)
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Stripped Outcrop 9.10 m. 2.40 29.85 ft. 0.070
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Incl. 4.95 m. 3.44 16.24 ft. 0.100
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Incl. 3.65 m. 4.19 11.97 ft. 0.122
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Boulders adjacent
to Stripping 2.90 m. 0.24 9.51 ft. 0.007
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Boulders adjacent
to Stripping 1.95 m. 5.22 6.40 ft. 0.152
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Incl. 1.00 m. 9.66 3.28 ft. 0.282
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Mechanized stripping was carried out between Trenches 2 and 3 of the MGZ. Channel sample results have now extended the McLennan gold mineralization from previous drilling at depth to surface (See Tables 1 and 2). This systematic work forms the first building block in the process of defining a potential resource in the MGZ. The 27 channel samples returned assay values from trace to 11.66 g/mt Au (0.340 oz/st) and included the best channel sample interval of 3.65m grading 4.19 g/mt Au (11.97ft. grading 0.122 oz/st). The main channel cut is oriented perpendicular to the trend of the gold zone. Several very large boulders lying adjacent to the stripped area were also channel sampled. The boulders are not in situ but appear to be from the zone.
A detailed 1:10,000 scale aerial survey of all eight properties comprising the West Cedartree Gold Project was completed by Eagle Mapping Ltd. last week. The survey provides high-resolution colour aerial photography, an orthophoto base map and a detailed 1:1,000 scale digital elevation map with one-metre contours. This survey provides greater accuracy and control for exploration programs. The survey's high level of detail was chosen so as to encompass all future requirements, should the project continue to advance toward mining production.
An exploration program involving mechanized stripping, washing, detailed mapping and channel sampling was completed last week on the Dogpaw Lake property. The program targeted several vein systems in the vicinity of the Dogpaw Lake No. 1 Vein. A total of 207 channel samples from Dogpaw Lake No. 2 Vein and 38 channel samples from Dogpaw Lake No. 4 Vein have just been shipped for gold assay. A total of 171 drill core samples from the 1997 drill program have been shipped thus far for gold analysis.
The Company is awaiting a report on the Dubenski Option from consulting geologists Watts Griffis and McOuat. This report will provide the basis for an upcoming drill program targeting the Shaft Zone. Houston Lake has re-established the access road and refurbished the 1997 grid system in preparation for upcoming exploration on the Dubenski property. Drilling is also planned this winter for the Dogpaw Lake Vein No. 1. Houston Lake has raised in excess of $1 million to further advance exploration of the West Cedartree Gold Project.
McLennan Gold Zone (MGZ)
The MGZ is located several hundred metres west of and is oriented subparallel to the Angel Hill Gold Zone. The MGZ is marked by a series of overgrown pits, trenches and drill collars which were completed in the 1940's. "Drilling carried out by Noranda Mines in 1944-45 encountered significant gold-bearing intersections over a strike length of 280m. (918 ft.). Typical intersections along the shear zone and offshoot shears are: 0.20 oz/t Au over 1.2 ft., 0.53 oz/t Au over 18.0 ft., 0.25 oz/t Au over 3.0 ft., 0.55 oz/t Au over 1.5 ft., 1.35 oz/t Au over 3.5 ft." (Dr. K. Germundsen, P. Geo., Internal Company Report, 2002).
Subsequent work by Houston Lake has established the gold zone occurs near the northerly striking contact of mafic volcanics with a large gabbro sill. The zone appears to be 3.0 to 4.5m (9.8 to 14.8 ft.) wide, is highly silicified and carbonatized, and carries 5-10% disseminated sulphides. Significant gold values have been encountered in each of the four drill holes at the MGZ (see Table 2). The MGZ is traced by IP geophysics for a distance of at least 1,200m (3936 ft.) on the property.
Table 2. Results for All Boreholes Drilled by Houston Lake on MGZ
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Hole Drill Hole Intercept Gold Intercept Gold
No. Location From To (m.) (g/mt) (ft.) (oz/st)
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27(-45degrees) 2460mN 23.95m 29.00m 5.05m 5.736 16.56ft. 0.167
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Incl. 24.45m 26.82m 2.37m 10.433 7.77ft. 0.304
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Incl. 26.00m 26.50m 0.50m 31.500 1.64ft. 0.919
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35(-60degrees) 2460mN 26.00m 35.00m 9.00m 4.04 29.52ft. 0.118
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Incl. 28.95m 33.20m 4.25m 6.69 13.94ft. 0.195
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Incl. 29.95m 30.95m 1.00m 15.86 3.28ft. 0.463
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36(-45degrees) 2440mN 44.25m 60.70m 16.45m 1.67 53.96ft. 0.049
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Incl. 46.25m 47.25m 1.00m 7.24 3.28ft. 0.211
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Also Incl. 58.05m 60.70m 2.65m 3.98 8.69ft. 0.116
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Incl. 59.00m 60.00m 1.00m 7.61 3.28ft. 0.222
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40(-60degrees) 2440mN 66.85m 69.00m 2.15m 5.25 7.05ft. 0.153
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Incl. 66.85m 68.00m 1.15m 9.35 3.77ft. 0.273
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Incl. 66.85m 67.35m 0.50m 17.85 1.64ft. 0.521
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