Houston Lake Mining Inc. (PINKSHEETS: HLKMF) (TSX-V: HLM), an
advanced exploration company seeking gold, platinum group and rare
metal deposits in Ontario, is pleased to provide assay results from
the remaining portion of a recently completed stripping, washing
and channel sampling program over No. 4 Vein on its Dogpaw Lake
property. Dogpaw is one of eight contiguous properties forming the
Company's West Cedartree Gold Project near Kenora.
"The No. 4 Vein represents a potential third addition to the
Dogpaw gold resource," said E. Grayme Anthony, President and Chief
Executive Officer. "Our near term exploration goal is to define
sufficient gold resources to justify an on-site mill at West
Cedartree. Given the results from our recent drilling and sampling
at Dogpaw and Dubenski, I believe that this goal is very
achievable."
Table 1. Fall 2008 No. 4 Vein Channel Sample Results - Main Trend
Channel Sample Cut, 2 Metre Width Width
in Gold in Gold
Spacing From NE to SW Metres (g/mt) Feet (oz/st)
Line 16 1.40 m. 2.47 4.59 ft. 0.072
Incl. 1.00 m. 3.00 3.28 ft. 0.087
Incl. 0.60 m. 3.91 1.97 ft. 0.114
Line 17 2.10 m. 2.46 6.89 ft. 0.072
Incl. 1.00 m. 4.37 3.28 ft. 0.127
Line 18 2.60 m. 4.47 8.53 ft. 0.130
Incl. 2.00 m. 5.72 6.56 ft. 0.167
Incl. 0.60 m. 7.36 1.97 ft. 0.215
Line 19 1.95 m. 2.97 6.40 ft. 0.087
Incl. 1.40 m. 3.48 4.59 ft. 0.101
Incl. 0.70 m. 4.76 2.30 ft. 0.139
Line 20 0.40 m. 1.18 1.31 ft. 0.034
Line 21 0.40 m. 0.40 1.31 ft. 0.012
Line 22 1.20 m. 4.98 3.94 ft. 0.145
Incl. 0.50 m. 11.05 1.64 ft. 0.322
Line 23. 0.40 m. 0.23 1.31 ft. 0.007
Line 24 0.40 m. 3.94 1.31 ft. 0.115
Line 25 0.60 m. 1.79 1.97 ft. 0.052
Line 26 0.30 m. 1.45 0.98 ft. 0.042
Line 27 2.70 m. 3.98 8.85 ft. 0.116
Incl. 1.60 m. 5.20 5.25 ft. 0.152
Incl. 1.20 m. 6.31 3.94 ft. 0.184
Incl. 0.80 m. 7.76 2.62 ft. 0.226
Line 28 0.20 m. 1.11 0.66 ft. 0.032
Line 29 1.80 m. 5.31 5.90 ft. 0.155
Incl. 0.70 m. 6.60 2.30 ft. 0.192
Line 30 0.50 m. 1.86 1.64 ft. 0.054
Incl. 0.20 m. 2.26 0.66 ft. 0.066
Table 1 illustrates results from the main northeast trend of the
Vein No. 4 gold mineralization. Each channel sample line is cut
perpendicular to the strike of the gold mineralization and the
channel cuts are spaced approximately 2 metres (6.56 feet) apart. A
total of 180 channel samples have now been reported and range from
trace to 23.85 g/mt gold (0.696 oz/st gold). A further 37 channel
samples have been added to cover additional veining revealed by
fall rains.
Houston Lake completed a 34 hole, 3,209 metre (10,526 foot)
drill program mainly targeting the Dogpaw No. 1 Vein earlier this
spring. The first 22 holes of this program have been reported and
18 holes intersected significant gold values of 3 g/mt gold or
higher. Results from the remaining 12 drill holes are expected in
the next few weeks and will be announced as soon as they are
available.
Houston Lake has subsequently completed a 14 hole 2,062m (6,560
ft.) delineation drill program in September. The drill program aims
to expand the historic resource to encompass a newly identified
western lateral extension, the Dogpaw No. 2 Vein. The No. 2 Vein
has now been defined to a depth of over 140m (460 ft.) and for a
distance of at least 100m (328 ft.) along strike. Logging and
sampling of this new core is currently under way.
Corporate Strategy
Houston Lake is focused on identifying enough near surface gold
resources to justify an on site mill for the West Cedartree Gold
Project. The project area contains three road accessible resource
sites which are located within a couple of kilometres of one
another.
Angel Hill hosts a NI 43-101 quality inferred mineral resource
of 106,000 tonnes grading 2.97 g/mt gold (117,286 tons grading
0.087 oz/st) and is open to depth and along strike (see press
release October 20, 2005). The Angel Hill Gold Zone has been traced
by over 2.8km (1.7 miles) by geophysics (magnetic and IP). Houston
Lake controls ground covering a 6 km (3.6 mile) strike of the
favourable geology hosting the gold zone.
The Dogpaw Lake No. 1 Vein hosts an historic resource of 53,741
tonnes grading 15.43 g/mt gold (59,239 tons averaging 0.450 oz/st
gold). The No. 2 and No. 4 Veins have been reinterpreted as the
lateral strike extensions of the No. 1 Vein. The No. 1, No. 2 and
No. 4 Veins form a gold mineralizing system that has now been
traced for over 310 metres (1,016 feet) to include 1997 Drill hole
DP-97-22. The gold mineralization remains open to the maximum depth
tested of 210 metres (688 feet). Further drilling is planned for
this coming winter to complete the resource evaluation at
Dogpaw.
The Company is also awaiting an NI 43-101 quality resource
estimation report on a portion of the Shaft Zone on the
neighbouring Dubenski property from consulting geologists Watts
Griffis and McOuat. The report is expected to upgrade a portion of
the Dubenski Shaft Zone historic resource of 355,286 tonnes grading
6.32 g/mt gold (322,310 tons averaging 0.184 oz/st gold) to modern
standards. A 2,000m (6,560 ft.) drill program is planned for this
fall to test the down plunge extension of the Shaft Zone and expand
the potential gold resources to a depth of 150m (492 feet).
Houston Lake has commissioned Cook Engineering of Thunder Bay,
Ontario to draw up a plan for environmental studies required for a
mining permit application at all three gold resource sites on the
West Cedartree project.
Due Diligence
All samples reported were shipped to TSL Laboratories, an ISO
accredited facility, of Saskatoon, Saskatchewan. Samples taken from
the core of the mineralized zone were analyzed utilizing a screen
metallic assay method. This methodology provides a higher level of
assurance by testing a large quantity of sample (1,000g) and by
monitoring the size distribution of the gold. Samples taken from
the shoulders of the mineralized zone were analyzed by fire assay
utilizing a 50 gram charge. All samples were assayed with an AA
finish and those samples assaying above 3 g/mt gold were retested
utilizing a gravimetric finish. The samples will also be re-checked
at a second qualified laboratory in keeping with the Company's
standard due diligence procedures.
The tonnages, grades, assays and other technical data are taken
from historical records prior to the implementation of NI 43-101.
While the data are believed to have been acquired, processed and
disclosed by persons believed to be technically competent, it is
unverifiable at present.
A qualified person as defined under NI 43-101 has not done
sufficient work to classify the historical estimate as current
mineral resources or mineral reserves. Houston Lake is not treating
the historical estimates as current mineral resources or mineral
reserves as defined in NI 43-101 and the historical estimate should
not be relied upon.
Dean Cutting, P. Geo., an independent consulting geologist, is
the Qualified Person under the guidelines of NI 43-101 for the
technical aspects of this news release.
About Houston Lake Mining Inc.
Houston Lake is an advanced, vertically integrated resource
exploration company. The Company is actively exploring for gold,
platinum group metal and rare metal deposits in northwestern
Ontario with a strategic focus on the West Cedartree gold project.
Houston Lake's objective is to become a gold producer by surface
mining its West Cedartree gold project and developing its 100%
owned and optioned properties. The Company has a total of
31,148,881 common shares issued and outstanding. For additional
information, please visit us at www.houstonlakemining.com.
Forward-looking Statements
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This
release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and those actual results or developments may
differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should
review the Company's registered filings that are available at
www.sedar.com.
www.houstonlakemining.com
Distributed by Filing Services Canada and retransmitted by
Marketwire
Company Contacts Houston Lake Mining Linx Partners Ltd. E.
Grayme Anthony P.Geo., MBA Wanda Cutler President and CEO Tel:
416-303-6460 Tel: 705-897-7622 Fax: 705-897-7618 Email Contact
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