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 7-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 trenching are planned.
Be the first to comment on "Houston Lake fills till from bulk sample (June 19, 2006)"