Houston Lake Mining (HLM-V, HLKMF-O) realized a profit of just over $50,000 from a bulk sampling program at its West Cedartree gold project near Sioux Narrows, Ont.
A 1,041-tonne bulk sample from the property’s Angel Hill zone, which graded 5.7 grams gold per tonne, yielded 176.5 oz. gold when milled, for a recovery of 93%, which was sold for US$674.85 per oz. After costs of sampling, transport and milling, Houston Lake made $51,848.
The milling recovery matched well with earlier metallurgical tests that predicted a recovery of 93.4%.
The surface bulk sample was taken to test milling characteristics and rock conditions, and to verify grades and geology. Angel Hill has a resource of just over 100,000 tonnes grading 3 grams gold per tonne, and is a 10- to 20-metre-wide zone along the intrusive contact between a gabbro and ultramafic host rocks. A chargeability anomaly runs for about 1,500 metres of strike length along the geological contact, though only 130 metres has been adequately drilled.
Assay results are expected next month from a seven-hole drill program on Angel Hill, which tested the zone at vertical depths around 90 to 140 metres. Two other holes tested the McLennan zone, a roughly parallel structure a few hundred metres west of Angel Hill.
Surface prospecting and mapping, as well as a trenching program, are planned for the property this field season.
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