Explorer Houston Lake Mining (HLM-V) continues to hit high-grade gold mineralization at the eastern edge of the shaft zone on its Dubenski property, the company reports.
The drill program is testing the near-surface continuity of gold mineralization from the shaft zone to the central zone.
Four holes from the Phase IV diamond drill program at Houston Lake’s 100%-optioned Dubenski property returned intercepts including 32.82 grams gold per tonne over 0.95 metres. This intercept from hole DB10-83 suggests a “significant new horizon” the company stated in a news release.
Other highlights include 1.29 grams gold over 17.4 metres including 2.75 grams over 4.4 metres in hole DB10-77 returned, and 1.38 grams over 2.9 metres in hole DB10-78. Hole DB10-80 returned 1.28 grams over 13.9 metres.
The Dubenski property has indicated resources of 551,000 tonnes grading 3.53 grams gold per tonne for 62,700 oz. contained gold, and an inferred resource of 22,000 tonnes grading 2.57 grams gold per tonne for 1,800 oz. gold.
Debenski is one of eight contiguous properties that make up the company’s 1,674-hectare West Cedartree gold project near Kenora, in northern Ontario.
The West Cedartree project area encompasses three zones hosting gold resources at Angel Hill, Dogpaw Lake No. 1 Vein and Dubenski.
The drilling news sent Houston Lake’s shares up 3¢ or 20.7% to 17.3¢ per share in mid-afternoon trading. The junior has 42.5 million shares outstanding.
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