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Saturday 11th of February 2012
Friday, April 4, 2008

Houston Lake updates West Cedartree Gold project

Houston Lake updates West Cedartree Gold project

Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, provides assay results from four more drill holes of a recently completed 17 hole, 1,798.6 metre (5,899.4 foot) delineation drill program on the Dubenski property of the Company’s West Cedartree Gold Project near Kenora.

The program seeks to upgrade a portion of the Dubenski Shaft Zone historic resource of 355,286 tonnes grading 6.32 g/mt gold (322,310 tons averaging 0.184 oz/st gold) to modern standards.

These intersections are some of the best ever reported from the Dubenski property, said E. Grayme Anthony, President and Chief Executive Officer, adding that we are very encouraged by the results from our ongoing drill program at Dubenski and we look forward to releasing results from the remaining seven drill holes later this month.

Drill holes DB-08-10A, 09, 08 and 07 form the second of four drill sections and systematically test the Dubenski Shaft Zone to a maximum depth of 95 metres (310 feet). All four drill holes intersected the strongly altered and silicified meta-volcanic rocks that typify the Shaft Zone. The 247 samples returned assay results that varied from trace to 126.90 g/mt (3.701 oz/st) gold. DB08-07 was the deepest drill hole of the section and intersected 12.11 g/mt gold over a core length of 33.00 metres (0.353 oz/st Au over 108.24 feet) including 40.70 g/mt gold over 9.0 metres (1.187 oz/st Au over 29.52 feet). Results from the remaining 355 samples are expected in the next few weeks.

 


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