These guys are next door to the Newman Todd property... Drilling the northern boundry ... if they hit it will mean that the continuety is there to extend the strike length to the north.

Hy Lake Gold surface samples 47.22 g/t Au at Red Summit

2008-05-15 02:31 ET - News Release

Mr. Robert Seitz reports

HY LAKE GOLD REPORTS 47.22 GPT GOLD FROM INITIAL SURFACE SAMPLES AT RED SUMMIT PROPERTY

Hy Lake Gold Inc. has released the results from the initial work completed on the recently acquired Red Summit mine property. This property was acquired from Claude Resources, which owns the past-producing Madsen mine, also in the Red Lake district (see news in Stockwatch dated March 3, 2008).

Highlights:

• Initial surface grab samples of ore stockpile material ranged from 0.22 gram per tonne (g/t) Au to 47.33 g/t Au;
• Average of six samples returned 10.45 g/t Au.
• Surface drilling has commenced to test the down-dip extension of the previously mined zones.
• Ore stockpile of more than 1,000 tonnes remains on the Red Summit mine property.

Initial exploration results from the Red Summit mine property have produced some very significant results. Six samples were collected from the historic surface ore stockpile of the Red Summit mine with values ranging from 0.22 g/t Au to 47.33 g/t Au. The average of the six samples returned a value of 10.45 g/t Au. The 47.33-gram-per-tonne sample is an average of two pulps.

Surface drilling has commenced on the Rowan and Red Summit properties. Additional information will be released as it becomes available.

A recent site visit was completed at the Red Summit mine property with management, consultants and senior geological staff. The ore stockpile was re-evaluated and it is estimated that there is more than 1,000 tonnes of ore on the stockpile.

INITIAL SIX GRAB SAMPLES   OFF OF THE RED SUMMIT    MINE ORE STOCKPILE                      Au                    (g/t)    823951             1.71  823952             8.50  823953             2.50  823954             1.99  823955             0.22  823956         ** 47.33   Fire assay gravimetric ** Average of two pulps 

Red Crest Gold Mines Ltd. (Red Summit mine) was incorporated in May, 1934, to acquire a group of seven claims. The original seven claims were reduced to two. The five claims that came open were staked by Goldcorp and are part of the Rowan option. The original claims were staked in 1930 to cover a zone of fracturing and shearing with quartz veins up to six feet in width that were exposed in a series of surface trenches. The zone occurs along or proximal to a small stock of quartz diorite to the north and Balmer greenstones to the south.

A mining plant and a small five-ton mill were installed in late 1935. By late 1936, a three-compartment shaft had been completed to 300 feet and levels established at 150 and 275 feet. From 1936 to 1938, the shaft was deepened to 600 feet with levels at the 425-foot and 575-foot horizons.

Historically, gold values are associated with a coarse, bronzy pyrite, which generally occurs in bluish-grey quartz veins or in the shattered walls along the margins of these veins. In the underground workings, a strong vein system striking north 45 degrees west and dipping 63 degrees to 70 degrees northeast persists for more than 500 feet.

The Hy Lake gold properties lie on the Pipestone Bay -- St. Paul Bay deformation zone, and host the past-producing Rowan Lake gold mine (Hy Lake Gold/Goldcorp), the past-producing Mount Jamie mine (Hy Lake Gold) and the past-producing Red Summit mine (Hy Lake Gold). The properties, which have been explored only to very shallow depths, are underlain by the same geology and structure as these three past producers and have been subjected to limited underground exploration. The properties host numerous gold occurrences, which have seen limited drill testing, and potential exists to expand upon these gold mineralized zones both along strike and at depth.

All exploration work was conducted under Kenneth Guy, PGeo, designated qualified person for Hy Lake Gold, who has reviewed this press release. Gold analysis of samples were assayed by Laboratoire Expert in Rouyn-Noranda, Que. Analysis consisted of a fire assay of a 30-gram sample with an atomic-absorption finish. Samples assaying over one gram per tonne Au are reassayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous quality control and assurance program (QA/QC) is in place, using control samples such as blanks and Rocklabs Standards and duplicate checks.