Houston Lake Mining Inc. (TSX-V: HLM), an advanced exploration
company seeking gold, platinum group and rare metal deposits in
Ontario, is pleased to announce that results of the final eight
holes of the Phase II 22 hole, 2,232m (7,321 ft.) diamond drill
program have now been received (see Tables 1 and 2). The diamond
drill program targeted the vicinity of the Dubenski Shaft Zone
which was the site of a recent NI 43-101-compliant resource
estimate (see Table 3).
"We are very encouraged by the Phase II drill results which
continue to improve upon those previously reported from the
historic Dubenski property," commented E. Grayme Anthony, President
and Chief Executive Officer. "The Phase II program returned
significant gold grades in 19 of 22 drill holes targeting the
vicinity of the Shaft Zone gold resource. Furthermore, these
results occur at shallow depths within a wide zone of gold
mineralization. This may suggest there is potential for defining a
low grade, high tonnage gold mineralization at Dubenski similar to
the Rainy River deposit also located in the Kenora Region."
"This drill program succeeded in extending the strike length of
the gold system hosting the resource by a factor of 260% to 170
metres and has the potential to positively impact the resource
calculation. We are carrying out an aggressive 2009 exploration
program that consists of more drilling and geophysics on the West
Cedartree property. Our goal is to justify an on-site mill and move
into production as soon as is feasible," he continued.
Table 1. 2008 Core Length Drill Hole Intercepts, Dubenski Shaft Zone
Extension
-***-
DRILL HOLE FROM TO INTERCEPT GOLD INTERCEPT GOLD
NUMBER (M) (M) (M) (G/MT) (FT) (OZ/ST)
DB-08-32 62.40 86.05 23.65 1.23 77.57 0.036
Incl. 62.90 65.00 2.10 3.68 6.89 0.107
Incl. 63.45 64.00 0.55 5.02 1.80 0.146
DB-08-33 77.00 103.20 26.20 1.75 85.94 0.051
Incl. 92.80 99.45 6.65 4.12 21.81 0.120
Incl. 93.60 96.30 2.70 6.39 8.86 0.186
Incl. 94.60 95.60 1.00 7.96 3.28 0.232
DB-08-34 25.20 43.00 17.80 1.90 58.38 0.055
Incl. 25.20 28.00 2.80 3.25 9.18 0.095
Incl. 25.90 26.60 0.70 4.54 2.30 0.132
Also 41.50 43.00 1.50 3.79 4.92 0.111
DB-08-35 35.20 54.60 19.40 0.70 63.60 0.021
Incl. 52.65 54.60 1.95 2.04 6.40 0.060
Incl. 53.90 54.60 0.70 3.65 2.30 0.106
DB-08-36 45.00 66.95 21.95 0.65 72.00 0.019
Incl. 56.30 57.50 1.20 3.93 3.94 0.115
Incl. 56.30 56.90 0.60 6.28 1.97 0.183
DB-08-37 54.50 85.00 30.50 1.26 100.04 0.037
Incl. 61.50 62.50 1.00 4.60 3.28 0.134
Incl. 83.00 85.00 2.00 4.18 6.56 0.122
DB-08-38 83.40 102.00 18.60 1.08 61.01 0.031
Incl. 86.40 94.00 7.60 2.15 24.93 0.063
Incl. 93.00 94.00 1.00 10.03 3.28 0.293
DB-08-39 74.00 75.20 1.20 0.17 3.94 0.005
-****-
Drilling by Houston Lake last winter has defined the Shaft Zone
for a strike length of 60 metres (197 feet) and to a depth of
approximately 100 metres (328 feet). Phase II drilling has traced
the gold mineralized rocks of the Shaft Zone for a total strike
length of 170 metres (557 feet). Holes DB-08-20 to 25 form a drill
section located 15 metres east; holes DB-08-26 to 28 form a second
drill section located 30 metres east, holes DB-08-29 to 33 form
part of the third drill section located 45 metres east and holes
DB-08-34 to 35 form additional drill sections respectively located
60 and 70 metres further east of the gold resource. Holes DB-08-36
to 37 occur 30 metres west and holes DB-08-38 to 39 occur 45 metres
west of the gold resource.
Table 2. Collar Locations for 2008 Drill Holes, Dubenski Property.
-***-
DRILL HOLE NORTHING EASTING COLLAR COLLAR DRILL HOLE LENGTH
NUMBER DIP AZIMUTH
(degrees)(degrees)
------------------------------------------------------------------
DB-08-32 1946.4 2377.0 -45.0 354 92 m 301.76 ft
------------------------------------------------------------------
DB-08-33 1931.9 2378.0 -45.0 354 104 m 341.12 ft
------------------------------------------------------------------
DB-08-34 1975.0 2405.0 -45.0 360 62 m 203.36 ft
------------------------------------------------------------------
DB-08-35 1972.0 2386.5 -45.5 354 62 m 203.36 ft
------------------------------------------------------------------
DB-08-36 1970.0 2250.0 -45.0 360 80 m 262.40 ft
------------------------------------------------------------------
DB-08-37 1958.0 2250.0 -45.0 360 107 m 350.96 ft
------------------------------------------------------------------
DB-08-38 1960.0 2235.0 -45.0 360 110 m 360.80 ft
------------------------------------------------------------------
DB-08-39 1975.0 2235.0 -45.0 360 125 m 410.00 ft
-****-
The above table illustrates highlights of the winter 2008 drill
program (see Company press release dated May 1, 2008). The holes
were drilled at 45 degrees and the results are reported as core
lengths. True widths are assumed to be 70.7 percent of the reported
core lengths.
Nineteen of the 22 holes encountered significant gold grades of
3.50 g/mt gold or higher. Drill hole DB-08-20 was one of the better
holes and intersected a core length grading 18.17 g/mt Au over 1.70
metres (0.530 oz/t Au over 5.58 feet). Drill hole DB-08-33
intersected a core length grading 4.12 g/mt Au over 6.65 metres
(0.120 oz/t Au over 21.81 feet).
Exploration work involving IP surveying along the Dubenski trend
has been completed and results are expected in time to guide a
2,000 m (6,560 ft.) drill program which is planned to begin in
March. Additional IP surveys are slated for March to further define
the Angel Hill, McLennan and Dogpaw Vein No. 1 trends on the
adjacent West Cedartree and Dogpaw Lake properties.
About the Dubenski Property
The Dubenski property is one of eight contiguous properties
comprising the Company's 100% owned and optioned 1,674 hectare
(4,135 acre) West Cedartree Gold Project located near Kenora,
Ontario. The project area encompasses three zones hosting gold
resources at Angel Hill (NI 43-101 compliant), Dogpaw Lake No. 1
Vein (historic) and Dubenski Shaft (NI 43-101 compliant).
The Dubenski property contains an historic resource which was
reported to extend to a depth of 150m (492 ft.) and includes the
Shaft, Central and East Zones. Consulting geologists Watts Griffis
and McOuat (WGM) of Toronto were contracted to carry out a
technical review of the Dubenski Property and design and supervise
a definition drilling program in order to prepare a NI 43-101
compliant Mineral Resource estimate for the Dubenski Shaft Zone
portion of the historic gold resource (see Company Press Release
dated January 16, 2009). The categorized Mineral Resources at a 1.0
g Au/t cutoff are:
Table 3. Summary of Shaft Zone Mineral Resource Estimate
(Cutoff of 1.0 g Au/t)
-***-
Category Tonnes Au (g/t) Ounces Au (g/t) Ounces
(uncapped) (uncapped) (capped) (capped)
Indicated 177,400 7.32 41,750 5.97 34,050
Inferred 118,700 5.63 21,500 5.02 19,150
-****-
Notes: Au is capped at 50 g/t, assumed gold price was
US$650/ounce
The NI 43-101 report is now available at www.sedar.com and at
the Company's website at www.houstonlakemining.com.
Due Diligence
All samples reported were shipped to TSL Laboratories, an ISO
accredited facility, of Saskatoon, Saskatchewan. Samples 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.
Bryan McKay, P. Geo., Independent Consulting Geologist and E.
Grayme Anthony, P. Geo., President of the Company, are the
Qualified Persons 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
33,716,213 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 what are available at
www.sedar.com.
www.houstonlakemining.com
Distributed by Filing Services Canada and retransmitted by
Marketwire
Company Contacts Houston Lake Mining E. Grayme Anthony P.Geo.,
MBA President and CEO Tel: 705-897-7622 Fax: 705-897-7618 Email
Contact In Canada: Linx Partners Ltd. Wanda Cutler Tel:
416-303-6460 In United States: ICS George Duggan Tel:
818-542-6880
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