Hy Lake Gold Inc. optioned the Red Summit property from Claude Resources During the period April 17 through May 13, a diamond drilling program was completed by Hy Lake Gold Inc. on the Red Summit Shaft Zone of the Red Summit Property, Red Lake Mining Division, Ontario. The program consisted of 8 diamond drill holes totalling 2259 m. Purpose of the program was to test the depth and strike extension of the mineralized zones in the vicinity of the underground workings.

TheProperty is situated 16 km west northwest of the Town of Red Lake and is 25 km due west of Goldcorp Inc's Red Lake Mine in Balmertown. The property consists of 2 contiguous patented claims.

The main focus of past exploration on the Red Summit property has been the Red Summit / Red Crest Mine. Gold was discovered in the area in 1928 and work has continued sporadically since that time. Limited surface diamond drilling over the years has resulted in the discovery of several narrow gold-bearing zones in the vicinity of the shaft.

The property is situated at the west end of the Red Lake Greenstone Belt. The belt is comprised of a relatively narrow series of six metavolcanic/metasedimentarysupracrustal assemblages intruded by several bodies of variable size, form and composition. All of the assemblages have undergone several phases of deformation and metamorphism. The rocks, of Mesoarchean and Neoarchean age, form part of the larger UchiSubprovince of the Superior Province of the Canadian Shield.

Significant gold mineralization is usually hosted by thin quartz veins cutting sheared and sericitizedwallrock, with associated sulphides present in small amounts varying up to 5% pyrrhotite, 2% sphalerite, trace amounts of pyrite and chalcopyrite.

On a local scale the zones are comprised of vertically to sub-vertically dipping veins or vein sets. On a larger scale it appears that these 'zones' are likely related to folded, sheared and/or otherwise undulatory contacts between rock types displaying a competency contrast.

Several future targets present themselves as a result of the current drill program. These targets consist of folded lithological contacts which host significant gold mineralization either along strike or dip on adjacent sections.