Red Summit

The Red Summit property was recently optioned from Claude Resources, in March of 2008. The property consists of two contiguous patented mining claims (KRL 10235 and 10358), totaling approximately 26 hectares in Todd Township. The property is located within the Rowan Lake property, which the company has optioned from Goldcorp.

The Red Summit Property contains the past-producing Red Summit Mine, which produced 277 ounces in 1935-1936.

The Red Summit deposit is hosted in Balmer Assemblage rocks intruded by a quartz diorite stock. The mineralized veins are hosted in a shear zone, associated with the deformation zone and crosses the contact between the quartz diorite and Balmer Assemblage rocks. Gold is associated with coarse bronze coloured pyrite in blue-grey quartz veins.

Having the Rowan, Mount Jamie and Red Summit mines, all on the Pipestone Bat – St. Paul Bay deformation zone, allows Hy Lake unimpeded exploration access between these mines along the Company's more than 12 kilometre strike length of the zone.